Blended Program – Finance for non-Finance Managers
L&T Infotech (Larsen & Toubro Infotech), a subsidiary of L&T (Larsen & Toubro), is a global IT services company based in Mumbai, and was ranked 8th among Indian IT companies in 2012-2013. The company has 39 registered offices in 22 countries. It employs standards of the Software Engineering Institute Capability Maturity Model (CMM) and is a certified Level-5 organisation.
It has a revenue of over Rs 4,000 crores and more than 22,000 employees.
A knowledgeable and flexible cadre of company executives is vital for L&T Infotech to continue to be a leading software solutions and services provider and the ‘destination of choice’ among existing and prospective employees. Building core managerial competencies among managers is one of the critical steps, in light of the rapidly changing and increasingly competitive IT services sector. An important aspect in this direction is the knowledge of finance for the managers with a non-finance background. A sound understanding of business finance fundamentals will enhance their ability to manage innovation and value creation for all L&T Infotech stakeholders. A flexible requirement for an international program for a geographically spread audience paved the way for the relationship with GlobalNxt University.
GNXt created an all-inclusive, intermediate-level program in financial management for high-performing executive moving from technical roles to managerial roles.
Module 1: Financial Statements & Module 2: Introduction to Financial Decision Making - 1 week
Module 3: Balance of Business & Module 4: Cash Flow View - 1 week
Module 5: Time Value of Money and the Investment Decision & Module 6: Planning a Budget - 1 week
Module 7: Preparing a Budget & Module 8: Responsibility Accounting - 1 week
Duration of program: 4 weeks
Number of people who participated: 35 to 30 participants each year starting from 2008
The program efficaciously helped the professionals working in technical domains to gain sound understanding of financial concepts and applications, thereby enabling them to take up managerial roles and moving up in the organisation.