23 August 2024, Mumbai
The Retailers Association of India (RAI) hosted the 'Retail CFO Summit 2024' in Mumbai on August 22, bringing together finance leaders to discuss the evolving role of CFOs in the retail industry. The summit revolved around the theme, "New CFO Checklist: A Roadmap for 10x Growth."
As retail rapidly transforms, CFOs are now tasked with more than managing finances. They must lead digital innovation, ensure economic resilience, and drive sustainable growth. The summit offered a platform for industry leaders to exchange ideas and strategies to navigate these challenges.
Panel discussions covered a range of critical topics, including digital transformation, leadership, regulatory compliance, and future-ready financial strategies. Sessions such as "Green Growth and Sustainable Development," "Leveraging AI and Automation for Financial Efficiency," and "Strengthening Regulatory Compliance" stood out.
Kumar Rajagopalan, CEO of RAI, emphasized the expanding role of CFOs in driving innovation and sustainability. CFOs from leading retail brands echoed this sentiment, highlighting the need for financial leaders to integrate technology and data analytics into their strategies.
Speakers like Hrushit Shah (Westlife Food World Ltd.), KiranShinde (PMJ Jewels), and Anand Agarwal (V-Mart Retail) underscored the importance of agility, innovation, and foresight in financial leadership. They stressed that the future of retail will be shaped by those who can effectively combine financial stewardship with technological advancement.
The Retail CFO Summit 2024 reaffirmed the critical role of CFOs in steering the retail sector towards sustainable and exponential growth.
