T.V. Mohandas Pai is a well-known chartered accountant and was one of the Board Members of Infosys. He however resigned from Infosys on 15th April, 2011, since he desired to work for the betterment of the educational sector of the country. He has been outstanding and one of the most powerful makers of Infosys. He was the one who framed India's first widely articulated financial strategy for his company. Being the Chief Financial Officer (CFO) of Infosys, he played a very crucial role in changing the organization into one of the world's most esteemed and popular software services company. Mr. Pai also played an important role in describing the company amongst the investors and improving comprehensibility and disclosure levels. Under his direction, the Infosys Annual Report received the highest awards constantly from the Institute of Chartered Accountants and also from the South Asian Federation of Accountants. Read on to know more about T.V. Mohandas Pai.
T.V. Mohandas Pai completed his graduation in commerce from St. Joseph's College of Commerce, Bangalore and holds a Bachelor's Degree in Law from the Bangalore University. He is a fellow member of Institute of Chartered Accountants of India (ICAI).
It was in 1994, when T.V. Mohandas Pai joined Infosys and was amongst its Board Members for a long time. He has been the Head of Finacle Infosys Leadership Institute at Infosys and then became the Chief Financial Officer of Infosys in 1994 and served the company till 2006. He switched from the office of CFO to contribute to the growth of other sectors of the company such as Human Resources, Education and Research. Moreover, it was his contributions that enabled the first listing of an India-registered company on NASDAQ and the first sponsored secondary offering of American Depositary Shares by an Indian company i. e. Infosys. Since December 2010, he served ICDS Ltd. as its Whole-time Chairman. Besides this, he has also been a part of the Kelkar Committee created by the Ministry of Finance and Government of India for restructuring direct taxes. At present, he is a member of the SEBI Accounting Standards Sub-committee and the Empowered Committee for the setting up of the Tax Information Network of the Indian Government. He also works as a Director of XBRL International, Infosys China and Tejas Networks India Ltd. and jointly works with the Union and State Governments in educational, information technology and business sectors. Mr. Pai is also a fund manager at the International Accounting Standards Committee Foundation, the organization which supervises the International Accounting Standards Board.
Awards And Accolades
T.V. Mohandas Pai was nominated for the CFO of the Year 2001 by IMA, India. He received the award for the Best CFO in India in 2002 from Finance Asia and also for the Best Chief Financial Officer in India in 2004, in the Best Managed Companies Poll directed by Asia Money.
T.V. Mohandas Pai has a keen interest in the progress of education in India, especially primary education which is very important for a child. In 2000, he with other people established the Akshaya Patra Foundation in Bangalore to begin a mid-day meal program for school children. In present times, mid-day meals are being provided to school going children in almost every part of India. More than 12,00,000 primary education children in around 7,669 government schools in places such as Mysore, Mangalore, Hubli, Mathura, Jaipur, Guwahati, Bihar, Ahmedabad, Vadodara, Bangalore, Bhilai, Puri are given the mid-day meal. This program looks to fulfill the objective of providing food to around one million school going children by 2020. No doubt, T.V. Mohandas Pai made a great contribution to the welfare of children. Apart from this, he has also played a very important role in the growth of Infosys, as one of the leading software services company to have hailed from India.
1994: Joined Infosys.
1996: Became the Chief Financial Officer of Infosys.
2001: Nominated for the CFO of the Year by IMA, India.
2002: Received the award for Best CFO in India from Finance Asia.
2004: Best Chief Financial Officer Award in India in the Best Managed Companies Poll directed by Asia Money.
2011: Left Infosys.