When asked about his responses with regards to the changing world of corporate finance, Paritosh replies with élan, “Today we are living in a borderless, interconnected world in terms of business, especially finance. Earlier the corporate sectors in India used to struggle for arranging the finances, where as today they have privy to lot of instruments and varied set of investors for raising the funds. On the one hand, it allows the young entrepreneurs to test new ideas through private equity and venture funding and on the other, it allows the established firms to work on bigger projects through LBOs, ECBs, GDR/ADRs, PE etc.” Avenues have opened up and according to Paritosh, the onus is now on the firms to continuously innovate and assume world class status to maintain the top position. The corporate sectors need to follow the world-class standards of accountancy, transparency and corporate governance. For this, the role of CFO has assumed greater importance and he is now an important part of the Strategic Management Group.

It is but obvious that a person of his expertise, Paritosh would also have a sound view on Indian and World Economy. He goes on to elaborate that in the past few years, Indian economy has built a stronger base, both politically and economically. The present generation India is fortunate enough to enjoy the benefits. He thinks that India is sure to play a bigger role in the world scenario and the challenge is to engage the youth in a more meaningful way. It is imperative to empower the youth with education and to create more jobs. This needs to be done on an emergency basis as the world economy is undergoing a paradigm shift and facing trying times. The developed countries are growing at a slower pace and a new set of countries are ready to become the new engines of growth. The overall growth shall depend on how fast the new emerging economies are able to wear this hat.

Paritosh’s observations of the future are in perfect sync with his opinions about his alma mater. He says, “From a young ambitious baby, IBS today is synonymous with Youth and Vigor. We all have struggled to build a name for ourselves and for the institute. This struggle has made everyone work harder. I am happy to see the institute growing at a fast pace. Today the onus is on the students, alumni and the institute to work even harder and build a world-class institute of learning. The Hyderabad campus is mind boggling. The vast expanse and the facilities make me desire to rejoin as a student. I envy the students out there. I wish them all the best.”