OREANDA-NEWS. July 11, 2011. Mr. DK Sarraf, Director (Finance), ONGC was conferred the Best CFO in Public Sector award by Union Finance Minister Mr. Pranab Mukherjee in the Business Today Best CFO Awards function held at Delhi.

The business publication picked CFOs who best succeeded in finding the balance between company growth and meeting shareholder expectations while keeping input costs down during the difficult financial year of 2009-10.

The financial year of 2009-10 was a tough one for CFOs, with companies slowly recovering from the downturn amid fears of a relapse. This made choosing award winners a challenging task.     

BT-YES Bank used the tested BT 500 companies as the basis for analysis. After the first round of eliminations, 37 large companies, 34 midsized ones and 13 PSUs remained. Another 20 were listed separately for their success at mergers and acquisitions or M&As.