by Srinivasan Varadarajan, Executive Director – Corporate Finance, Bharat Petroleum Limited, India
The Cash Management University included presentations from companies with operations in a variety of regions.
The Cash Management University included presentations from companies with operations in a variety of regions, including Asia and Central & Eastern Europe, who shared their experiences on how they manage common challenges. The presentation by Srinivasan Varadarajan of Bharat Petroleum Corporation Limited (BPCL) together with Indrajeet Maitra, Head of Cash Management, Asia Pacific, BNP Paribas centred around optimising collections in India, and is adapted in the following article.
The Burmah Shell Group of Companies, first formed in 1890, was nationalised in 1976 by the Government of India, and ultimately renamed the Bharat Petroleum Corporation Limited (BPCL).The company is one of the largest state-owned oil and gas companies in India, and ranked 307 in the Fortune Global 500 (2009). Its primary interests are in downstream petroleum activities, including refining and retailing of petroleum products.