Kevin P. D'SA, CFO and ED, Bajaj Auto. Photo: Rachit Goswami
BT-Yes Bank Best CFOs Survey
Sustained wealth creation (Large Companies) Winner: Kevin P. D'SA, CFO and ED, Bajaj Auto
Under Kevin P. D'Sa's stewardship, Bajaj Auto has remained highly profitable. The company's return on equity in 2012/13 was 44 per cent, outperforming peers. This has a lot to do with the way Bajaj Auto has kept its expenses and costs under control.
"Our concept is clear. Develop very good engines and build a brand around it. The rest can be outsourced. So when you outsource, the entire capital expenditure and the fixed cost goes outside the company," explains D'Sa. The strategy has paid off for Bajaj Auto.