K Narasimha Murthy
K. NARASIMHA MURTHY (55), having brilliant academic record, getting ranks in both CA & ICWA courses entered the Profession of Cost & Management Accountancy in 1983. He is associated with the development of Cost & Management Information Systems for more than 150 Companies covering more than 45 Industries. In addition, he is closely associated with turning around of many large Corporates, focusing on systems improvement with Cost Reduction approach.
He is closely involved with several National level Financial Institutions, presently on the Board of LIC Housing Finance Limited, APSFC and Board of Supervision NABARD. In addition, he is associated as Independent Director on the Board of many large Corporates viz. STCI Finance Ltd.,(Formerly Securities Trading Corporation of India Ltd.,) Max Healthcare Institute Ltd., KIOCL Ltd., Member - TTD Internal Audit Committee.
Earlier he was associated as a Director with IDBI Bank Ltd.(2001-'11), UTI Bank Ltd., (presently AXIS Bank)(1999-2004), Unit Trust of India (UTI)(2002-'03), IFCI Ltd.(2008-'09), APIDC Ltd., Bombay Stock Exchange etc. As Chairman of Expert Committee on Urban Co-op. Banks (UCBs)(2002) in A.P., analysed the performance of more than 140 UCBs. Recommendations of the Committee are well received / accepted, being implemented by the concerned agencies.
He has been associated with more than 28 High Level Committees as Chairman / Member both at National & State Level, which include Prasara Bharati Restructuring Committee, Expert Committee on Common Wealth Games, Restructuring Committee of State Level PSUs, Expert Committee on Co-op. Credit Institutions, Fiscal Reforms Implementation Committee, TTD Investment Committee - Tirupati etc.,
He is also associated with the development of Cost Accounting Record Rules for many Industries as a member of Informal Advisory Committee, Dept. of Corporate Affairs, Govt. of India. His efforts in the furtherance of Costing & Management Accounting Profession in India were recognised by the Institute of Cost & Works Accountants of India (ICWAI) which has honoured him by giving citation in October 2007. Recently, he is nominated as a Member Convener on the Implementation & Monitoring Committee on Audit Reforms in Public Sector Banks by the Govt. of India.