CFO hiring surges as India Inc ramps up financial leadership amid IPO boom and growth challenges
The demand for Chief Financial Officers (CFOs) in India Inc has surged in recent months, with industry experts predicting this trend will continue to accelerate over the next 6 to 12 months. Several factors are fuelling this demand—an uptick in Initial Public Offerings (IPOs), growing market complexities, and the evolving role of CFOs in shaping business strategy. In response to this need, companies are also turning to virtual CFO services. Meanwhile, a trend toward shorter tenures for CFOs is emerging, further reshaping how the role is perceived within organizations.
Madhur Nevatia, Partner at Longhouse Consulting, agrees that market conditions are contributing to the rising demand for CFOs. “As IPO activity surges, companies are also facing tightening funding conditions in the private market,” she notes. “CFOs with expertise in debt markets and investor relations are now becoming crucial to manage capital effectively and maintain investor confidence.”
While technological advancements like artificial intelligence (AI) and machine learning are poised to transform finance, Swamy believes these innovations are not yet a major factor in the hiring decisions for CFOs. “Generative AI in finance is still in its infancy,” he notes. “But as it matures, companies may start seeking CFOs with a strong tech background to better integrate financial operations with cutting-edge technology.”
Nevatia concurs, noting that while virtual CFOs can effectively handle routine financial tasks such as cash flow and payroll, their role becomes more limited as the company matures. “For early-stage companies, a virtual CFO can handle operational finance well, but as the company scales and its needs become more complex, a full-time CFO becomes essential,” she adds.
Read More
SERVICES AND OFFERINGS
- LONGHOUSE Consulting
CareerNet Campus, Plot No. 53, Kariyammana Agrahara Road,
Devarabisana Halli, (Next to Intel Junction Flyover),
Outer Ring Road, Bangalore – 560103.
- Copyright 2024 LONGHOUSE Consulting. All rights reserved.