Event theme:
“Exponential Opportunities in Experiential Times”

Evolution in consumer behaviour is changing the face of retail. The biggest driver of the change is the consumers’ need to consume ‘experiences’ in a dynamic environment. Consumers, coupled with leaps in technology, and changes in policy environment are redefining retail as we know it.

Are we prepared to leverage the exponential opportunities that have been unleashed? Are we prepared to ensure that consumer experiences are secure and free from fraud? How do we continue to ensure that the adoption of the Goods & Services Tax (GST) translates into a hassle-free experience for businesses and end consumers? Finally, how CFOs and finance professionals in retail, learn to harness the true power of the digital economy in retail? Answers to all this and more discussed only at the RAI Retail CFO Summit 2018.

About RAI

Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all stakeholders for creating the right environment for the growth of modern retail industry in India. We encourage, develop, facilitate and support retailers to modernize and adopt best practices that will delight customers.

About CFO Summit

Factors like leaps in technology, rise of digital channels, entry of foreign players and increase in business costs are all affecting a company’s financial health. They are raising new challenges for Chief Finance Officers (CFOs) who have to not just mitigate the risks and ensure profitability but also adopt to the changing roles. RAI’s CFO Summit focuses brings together CFOs and other finance professionals in retail and CEOs to discuss all that matters in achieving sustainable business growth.

Attendee Profile

  • MDs, CEOs, CFOs, Group CFO, Group Finance Director, Director Finance, Head of Finance, Group Finance Manager, Independent Store Owners, Investments and Venture Capital

Objective of CFO Summit

To share the Best Case Practices in the field of Finance in the Retail Industry

To provide a platform to discuss and engage industry experts on how finance can contribute to growth

Create opportunities for stakeholders to showcase their products & services to grow the Industry

To discuss and evaluate innovation in finance

To provide an opportunity for industry to network, interact and learn

Speakers 2018


  • Anil has over 20 years of experience in handling matters pertaining to Indian tax and regulatory. He has been a visiting faculty at various institutions like VC Circle, IIM- Ahmedabad, Dun & Bradstreet and the Institute of Chartered Accountants of India. Anil is a Chartered Accountant.

    Anil Talreja

    Deloitte India

  • Mr. Anand is a CA & CS with 20+ years of experience in retail, education & tech industries having worked with E&Y, Reebok & HT Media Ltd. He is also been a tech entrepreneur, having launched a software development company and then later one of India’s first ISP in 1999. Apart from being the head of finance, he has also worked in business leadership roles in his earlier stints.

    Anand Agarwal

    CFO, V-Mart Retail Ltd

  • Over 22 years of post-qualification experience in the field of Accounting, FP&A, Business Strategy formation & implementation, IPO, Investors Relations, Corporate Governance, Financing & Treasury, Taxation, MIS, Budgeting/AOP, Establishing Process and Controls, Automation, Enterprise Risk Management, Audits & Investigations and matters relating to commercial & business operations. 

He has worked with top companies like Jubilant Foodworks Ltd., Radico Khaitan Ltd., Shaw Wallace Co. Ltd., HFCL Communication Ltd., Jindal Poly Films Ltd.

    Arvind Vats

    Chief Financial Officer, Spencer’s Retail Ltd.

  • Ashvin has more than 20 years of experience in business and technology transformation, organizational change, systems
Integration, and other initiatives. With a background of software engineering, Ashvin is passionate about technology and design.
Ashwin has done his bachelors in engineering from NIT Suratkal and is an MBA from Kellogg School of Business, Chicago, USA

    Ashvin Vellody

    Deloitte India

  • Ashwin Khasgiwala is a Chartered Accountant and has over 18 years of experience in the fields of Finance, Accounting, Compliance, Business Process & Information Technology. He has worked in Deloitte for 1 year and for over 17 years in Reliance Group in various senior positions. Currently he is a Director and Chief Financial Controller of Reliance Retail Limited which is a subsidiary of Reliance Industries Limited.

    Ashwin Khasgiwala

    CFO, Reliance Retail Limited & Director, Boards of Reliance Brands Limited

  • Arunkumar Nath

    CFO & Director Finance - South Asia, Levi Strauss & Co

  • Bibek Agarwala, a Chartered Accountant and Company Secretary is currently engaged with Raymond Group as CFO for Lifestyle Business. He is a Business Transformation Leader with 20 years of rich experience in Corporate Finance & Strategy, Treasury & M&A Operations, GST & Taxation, Shared Services & Business Process Management, Procurement & Commercials, Technology and Digital Initiatives with well-known Manufacturing, Retail and Service Industries such as Dabur, Pernod Ricard and PwC.

    Bibek Agarwala

    CFO – Lifestyle Business, Raymond Group

  • Anil is a Partner with Deloitte Haskins & Sells LLP and leads the Retail
sector for Deloitte in India. He is a part of the M&A Tax group and has over 18 years of experience in handling matters pertaining to Indian tax and regulatory.
Anil has been involved in providing tax structuring services and tax due diligence for various retail clients including listed companies in India and Private Equity /Venture Capital investors. He also specialises in group restructuring involving mergers, demergers, spin offs and post merger integration and cross border acquisitions.

    CP Toshniwal

    Executive Director, Future Lifestyle Fashions Ltd. (FLFL)

  • <p>Dalpat Jain joined Vedant Fashion Private Limited (Manyavar) in May 2018 as its Chief Financial Officer. Before joining VFPL, he designated as SVP Finance at Entertainment Network (India) Limited (Times of India Group).</p>
			  <p>Dalpat’s 17+ years of experience across industry segments span Strategy, helping Early Stage Businesses grow and Turnaround situations, M&A, fund raising through Debt & Equity, Commercial Functions, FP&A, Accounting, Taxation and Legal Affairs. He has received various awards and recognitions in the Times Group for his professional contribution. During the early part of professional career, he worked with Morgan Stanley and A.F. Ferguson (now merged with Deloitte). Dalpat holds a Graduate Degree in Commerce and is a Chartered Accountant & Company Secretary.</p>

    Dalpat Jain

    CFO, Manyavar (Vedant Fashion Pvt. Ltd.)

  • Currently CFO with Trent Hypermarket Private Ltd (A Tata - Tesco Enterprise).  Over 17 years’ of experience in Retail sector - Shoppers Stop, Hypercity, Reliance Digital & Specialty  Retail Service – Kaya Skin care.  Had also got experience in Media & Entertainment (Esselworld & Zee TV).  Had led multiple roles besides finance in Supply chain, IT, Property & Projects.

    Dharmendar Jain

    CFO - Trent Hypermarket Private Ltd (A Tata - Tesco Enterprise)

  • <p>Dinesh Maheshwari is currently the Chief Financial Officer of Future Retail Ltd. (FRL). He is a qualified Chartered Accountant.</p>
			  <p>He started his journey with FRL in December 2004 and has over 22 years of rich managerial experience post qualification. He has also worked with other corporate houses viz S.R. Batliboi & Co., IIT Capital Services Ltd., and Mukwano Industries Ltd.</p>
			<p>He has Strong domain knowledge of Finance, Accounts, Taxation, and Corporate Restructuring and commercial functions.</p>

    Dinesh Maheshwari

    ED & CFO, Future Retail Ltd.

  • I’m , a Chartered Accountant and a thorough professional in finance, brings forth a rich experience of Eighteen years in Finance and Commercial, Business & sales Operations, IT systems implementation, mergers & acquisitions, internal controls , statutory & legal Compliances. 
			Having been a part of the top management of companies across various industries namely Retail, Telecommunication, manufacturing  and consulting, I  comes with a diversified profile and previously served as the CFO and Head of Commercial, Legal and Secretarial at BlackBerrys(Men’s Apparel Brand having a turnover of 800 Crores INR). I was  also instrumental in setting up the E commerce business for BlackBerrys.
			Prior to Blackberrys, I  served as the Chief Financial Officer and Director-Finance  at Carrefour India – The second largest retail chain in the world, and was instrumental in setting up their the retail business in India,  streamlining financial & business  processes and formulating the liquidation and exit strategy for the company at the time of business closure.

    Hemant Gupta

    COO & CFO, The Mandhana Retail Ventures Ltd

  • Karunakaran M

    CFO, Shoppers Stop Ltd

  • Mohana Sundaram G, is the Chief Controller of Aditya Birla Fashion and Retail Limited, part of Aditya Birla Group, a 44 Billion Dollar enterprise with presence across multiple sectors across the globe.
Mohan has been with the company for over 11 years. Aditya Birla Fashion and Retail Limited (ABFRL) is the leader in branded fashion apparel industry in India with market leading brands in the country. ABFRL is India’s first billion-dollar pure-play fashion powerhouse.
Mohan currently looks after the Management Assurance, Taxation and Accounts for ABFRL, in addition to overseeing the Commercial function for New Businesses initiatives of ABFRL.
Prior to joining the Aditya Birla Group, Mohan has worked for Titan, Oyzterbay and Future Group.
Mohan is a Cost Accountant, Company Secretary and M.Com, with over 30 years of work experience including a stint UK. He has worked in diverse roles across manufacturing and retail industries, in the Finance function in Commercial, Accounts, Costing, Secretarial and Legal.

    Mohana Sundaram G,

    Chief Controller, Aditya Birla Fashion and Retail Limited.

  • Nitin Khanna presently holds the designation of Chief Financial Officer (CFO) for Inorbit Malls (India) Pvt. Ltd., a K Raheja group company. As a leader of the financial and commercial operations, Mr. Nitin Khanna is accountable for the administrative, financial, risk management and statutory compliance of the organization. In addition to this his role also involves developing and implementing financial strategy. He also is responsible to closely monitoring the control systems ensuring preservation of
assets and ensure optimum financial results. At present Nitin leads and is actively involved in undertaking key decisions for 6 malls (Malad, Vashi, Bangalore, Vadodara, Pune and Hyderabad) which includes 588 stores and 31 anchors having a monthly footfall of 3.5 million.<br />
Nitin joined Inorbit malls in the year 2015 as Chief Financial Officer (CFO). Nitin is a Chartered and Cost accountant and bring in 20 years of experience in Strategic Financial Planning, Risk Management, Taxation, Internal Control and Statutory compliance audits. Before joining Inorbit malls, Nitin has worked as a CFO for VF Corporation, a fortune 500 company. He handled the operations for India and Mauritius. As a board member Nitin managed brands like Lee, Wrangler and Vans. With his leadership and financial management skills these brands have witnessed a growth of 20%+ CAGR in a short span of 3 years. Apart from this he has had the opportunity to work with big names like Castrol – BP, Blue Star Air Conditioners, Blow Plast and Indo Rama where ha handled accounting, Commercial, Working Capital management, Internal Audit, Project Accounting & Indirect Taxation. Nitin loves read books in his spare time. Also he has a passion for cricket and loves to play the game in leisure time. He loves watching movies too.

    Nitin Khanna

    CFO, Inorbit Malls (India) Pvt. Ltd.

  • Seasoned Finance Professional with over 20 years experience in both Retail & FMCG sector. Currently, working as CFO, Health and Glow Pvt. Ltd. (formerly Food world Supermarkets Pvt. Ltd) which operates 155 stores. Previously worked for Marico Limited for FMCG and Retail business (Kaya Skin Clinic) in across multiple geographies including India, Singapore & Malaysia.

    Naveen Duggal

    CFO, Health and Glow Pvt. Ltd.

  • Prashant Deshpande has 36 years of post-qualification experience in Indirect Tax Advisory. Prashant has a Bachelor’s degree of Commerce from Mumbai University and is a Chartered
Accountant and Company Secretary.

    Prashant Deshpande

    Deloitte India

  • Pratap Swarup is the Chief Financial Officer with Best Seller - India  since August 2010 and has 20  plus years of experience. He was earlier associated with Mirc Electronics Ltd. & PJL Clothing India Ltd. and has a rich experience in both wholesale & retail.
He has worked in various industry viz. Consumer durables , Retail Trade etc. with special exposure to Financial / Strategic  planning, setting up business control systems, Financial reporting, creating sound financial structure, risk mitigation, legal & secretarial function, taxation, GST implementation  and various IT solutions including SAP.  Pratap has been instrumental in driving change initiatives through networks, partakes business initiatives  and institutionalize some of these for transforming the way business financial health is managed.

    Pratap Swarup

    CFO, Best Seller - India

  • Preet Dhupar is the Chief Financial Officer for IKEA in India. She is part of IKEA India’s core leadership team and is responsible for Finance and tax, Business Navigation, Risk and Compliance, Legal and IT. 
Preet is a qualified chartered accountant with over 25 years’ experience in various industries and geographies; exposure to multiple facets of senior leadership roles in business planning, finance and risk management.
Prior to this, Preet was working at BBC Global News India as the Chief Operating Officer. She worked in the BBC in various roles for 14 years. She has also worked with companies such as KPMG, Caltex and Becton Dickinson.
In her personal time, she likes to devote her time in contributing to society. She supports a charitable organization Purkal Youth Development Society, that runs a school for underprivileged children in Purkal village near Dehradun, India.

    Preet Dhupar

    Chief Financial Officer - IKEA India

  • Rohit has over 21 years of experience in advising companies across jurisdictions including
India, US, Europe, the Middle East and the Far East in the areas of Risk Advisory, Corporate
Governance and Boardroom Effectiveness, Financial Assurance, Anti-bribery and anti-
corruption management, Dispute advisory services, Global service delivery model, Legal
entity controllership, Fraud investigation, Risk assessments and Regulatory Compliance in
sectors such as Financial Services, Infrastructure, Telecom, Government, Consumer Markets
and Private Equity.
Rohit is a Chartered Accountant and a Certified Fraud Examiner.

    Rohit Mahajan

    Deloitte India

  • <p>Siddharth joined Nivea India in May 2013 & has been an integral part of a very exciting, engaging & fulfilling journey with the core team driving not only the topline CAGR +30% but all the operating parameters, efficiency  and processes. During the last 6 years the company transformed from a simple import sell entity to a full-fledged independent legal entity comprising of Business, Manufacturing, imports & R&D all housed under one roof. <br> Having worked with Nestle Siddharth brings with him a lot of pragmatism, Big picture & process based approach, Trust & Long term thinking which has equipped him to be adaptive &  work in dynamic, competitive and challenging environments.
Siddharth is CA & MBA in Finance and International business from premier educational institutes(IIFT)  and belongs to the capital city of New Delhi.  </p>

    Siddharth Chirania

    Director – FINANCE, Nivea India

  • <p>Member of Institute of Chartered Accountants of India for  more than  29 Years

Profile  of  professional work experience:    Finance, Accounting, Strategy, Risk Management, Commercial,  Governance and Compliance, Information Technology and Taxation (IT & T) and Supply Chain experience  across  Retail, Engineering, FMCG and IT Hardware and Services Sectors with  many Indian and Global MNC Companies such as Murugappa Group, Unilever (earlier Hindustan Lever),TVS Group.
<li>Helps  businesses create,  monetize  and sustain value through initiatives on all aspects viz.,  Strategic Planning,  Business Acquisitions and divestitures
Recently (in 2016) facilitated strategic  unlocking of Value in brands business of Arvind thro’ FDI / Private Equity investment in several million USD
Leads initiatives  in Integrated Supply Chain Demand and Supply Planning and Distribution,  Outbound Logistics  in Retail Fashion Apparel Industry with the Theme of  “Delivering Delight to Customers” 
Actively pursues Total Quality Management practices in Warehousing and Distribution
Drives  Turnaround and Profitability improvements, Total Cost Management,  Change Management Initiatives in Existing and New Businesses
Risk  Assessment and providing Safeguards in Key Risk Areas
Leveraging and Integrating IT Systems and processes, from implementation of end to end ERP and BI  (Mfg pro, Oracle  and SAP).  
Has been Active Member of  many Industry working Groups and Chambers/ Associations for  improving policy awareness and for providing voice of members with the various Authorities for proactive policy formulation and implementation;  
Represented Textile Manufacturers and Retailers in the GST Textile Committee deliberations and held many Awareness workshops for Industry and Trade jointly with Government of India, CBEC and State Govt. representatives.
<li>Follows closely the current developments and best practices in Finance Function including Regulatory framework, Accounting Standards/ IFRS and Compliance/ Governance.

    S Kannan

    Executive VP & CFO, Arvind Lifestyle Brands Ltd

  • Shailendra brings in 25 years of professional experience as a seasoned IT Industry Professional, Entrepreneur and International Success Speaker & Coach.

			Shailendra is the leading the Fintech Digital Transformation @Happay, consulting and advising companies in reinventing their business expense management systems, paradigm and processes.

			Shailendra belong to the select, elite and exceptional global community of Jack Canfield Certified Trainers in the “The Success Principles”. He brings in exceptional entrepreneurial experience in the professional training and development industry working with individuals and the some of the biggest corporations. In prior roles, Shailendra has served in senior leadership & management roles for over 18 years, in leading edge Global Corporations like Oracle, Sun Microsystems, EMC Corporation, Sanovi (an IBM Company) and HCL Infosystems.

    Shailendra Mandrawadkar

    Vice President-Enterprise Sales, Happay

  • Sanjay has 20 years of experience in the area of corporate governance, business performance, process improvement and internal audit. Technology enabled processes controls & risk management has been his keen area of interest. Sanjesh is a Chartered Accountant and a Certified Fraud Examiner. He holds a Bachelors of commerce and is an alumnus of the prestigious Shri Ram College of Commerce (SRCC).

    Sanjesh Thakur

    Deloitte India

  • Has an extensive experience of more than 16 years in setting up the channels and improving the sales and productivity. He is result oriented and has hands on experience in setting up new revenue lines with B2B and B2C. He’s worked with renowned organizations like ICICI Lombard, Bajaj Allianz, Citifinancial consumer finance, ING Vysya and currently handling multiple portfolios like Strategic alliances, business enterprise solutioning, bank marketing in National payments corporation of India. He has handled various portfolios in NPCI such as online/offline along with cards/ UPI/ AEPS/IMPS and digital payments.

    Sourabh Tomar

    AVP- Strategic alliances & Enterprise business, NPCI

  • Miftaur is a qualified Chartered Accountant and Company Secretary and was previously with PwC in the Risk Advisory Department for 7 years. He left his corporate profile to join his college friends as a third Co-Founder in Wow! Momo to scale up the start-up and turn it to a world class corporate. He currently takes care of the Cost Controls and is responsible for keeping the business profitable as it scales up across territories in India.

    Shah Miftaur Rahman

    Co-Founder & CFO, Wow Momo

  • Tanmay Kumar is currently the Chief Financial Officer for Burger King India overseeing Finance/Strategy & IT for the business. Tanmay has FMCG and Retail experience in large MNC consumer brands. In his 18 years of career, he has worked for PepsiCo, Yum! brands and BurgerKing. He has led roles in various aspects of finance; including controllership, planning & strategy, plant/manufacturing finance; taxation; risk management, and sales accounting. Other than Finance; Tanmay has experience of leading commercial teams, supply chain, factory despatches, procurement & stores as well as business development for the India sub-continent.  
Tanmay completed his high school from Delhi Public School, R. K. Puram in the Year 1993, finished graduation from Delhi University, pursuing Bachelor of Commerce (B.Com.) (Hons) and then completed his post-graduation from the Institute of Chartered Accountants of India.

    Tanmay Kumar

    CFO, Burger King India

  • Venkat joined Tata Administrative Services in 2001 and was with Tata Sons Limited as a part of the group finance team. He thereafter joined Trent as CFO from May 2008. He has been recently appointed to the Board and is currently Executive Director (Finance). 
			<br />
			He oversees the accounting, secretarial, legal & strategy functions and has anchored Negotiation of defining strategic alliances for Trent in recent years, including the JV with Tesco Plc for the Star Bazaar business and the JV with Inditex for Zara stores 
			In India.

    Venkatesalu P

    ED - Finance & CFO, Trent Limited

  • Mr. Vishal Anand Kanvaty is a management professional with 16 years of Consulting/Functional experience in Payments/Cards/Retail/e-Commerce/Blockchain/Bitcoin. He has in depth understanding of Blockchain. Running a Remittance platform leveraging Blockchain technology and has expertise in Payments, e-Commerce, Mobile Payments including Mobile Wallet, M-PoS, Mobile Money and Mobile Banking solutions. He has handled large projects in Retail Banking, Payments, Cards, e-Commerce,NFC, Prepaid, m-Commerce, E-Commerce, PLCC and Core Banking. He has a good understanding of various credit card processing systems (VisionPlus/CTL Prime/Equasion/CyberSource, Authorise.Net) and Retail Banking products (Temenos, Intellect).

    Vishal Anand Kanvaty

    SVP- Innovation and Product, NPCI

Partners 2018

  • Knowledge Partner
  • Gold Partner
  • Business SpendTech Partner
  • luxury Partner
  • Expense Management Partner
  • Event Partner
  • Event Partner
  • Event Partner
  • Spend Management Partner
  • Event Partner
  • Banking Partner
  • Gifting Partner
  • Business Networking Partner
  • Magazine Partner
  • Digital Marketing Partner

  • Charity Partner


Contact Us

For More information: Kiran Shetty, +91 9920364370 Avinash Chaudhary, +91 9833382232


Retailers Association of India (RAI)111/112, Ascot Centre, Near Hotel ITC Maratha, Sahar Road, Sahar, Andheri (E), Mumbai - 400099.