Rakesh Tumane case study

“Having worked in the UK combined with CIMA qualification has helped me throughout in my

“CIMA membership had a

professional journey. I have managed to develop a coaching and guiding culture and steer the company for SOX and IFRS compliances. I also redesigned pricing models and tariff methodologies that have resulted in more number of mobile and broadband customers”, elaborates Rakesh.

He has certain plans in the pipeline about actively supporting his staff to study the CIMA qualification. He not only counsels them on the benefits of CIMA but has also taken up with the Director of the company (HR) for

profound influence on me as professional. It has improved my decision taking faculties and my approach to business decisions helping me to feel more confident at interacting with the

recruiting CIMA professionals.

auditors, board members and the

“My job allows me to take initiatives and to bring about

audit committee”

positive change. On dotted line I report to the Director Finance of the Board and hence there is ample of scope for influencing the board level decisions. It also involves a great level of team work and cross functional working.” ”With the kind of curriculum that CIMA offers, it brings an unmatched recognition and better opportunities that helps a professional to excel nationally as well as internationally. Besides satisfaction on the professional front definitely sweetens the atmosphere at home”, adds Rakesh.

technological and dynamic economic environment, one must continue to update the business knowledge to be competitive and relevant. This is where CPD fits the bill.

“CIMA membership had a profound influence on me as professional. It has improved my decision taking faculties and my approach to business decisions helping me to feel more confident at interacting with the auditors, board members and the audit committee”, says Rakesh.

Rakesh is of a strong belief that in a fast changing

Memberspeak: CIMA India Liaison Office 303, 3rd Floor, VIBGYOR Towers, C-62, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051.

T. +91 22 4237 0100, +91 22 4237 0111, +91 22 3291 1383 E. india@cimaglobal.com

Rakesh Tumane Finance Head, MTNL www.cimaglobal.com/india

The Mahanagar Telephone Nigam Limited (MTNL) was founded in 1986 by the Indian government (which holds a 56.25 per cent stake in the company) to

"CIMA has helped me strengthen my confidence in dealing with delicate corporate governance issues which a finance professional has to face from time to time."

serve the telecom needs of Delhi and Mumbai. It was meant to clear a huge backlog of requests for phone connections in these cities, and make communications more accessible in other ways such as by setting up large numbers of public call offices. In addition, it was supposed to introduce new technologies and services.

MTNL proposes a complete range of telecommunication services including dial-up, broadband, home and mobile telephony, ISDN and leased line

RAKESH TUMANE

services. On 31 January 2005, MTNL launched its broadband services under the brand name Tri Band.

As the Finance Head at India's largest telecom company MTNL, Rakesh has been a CIMA member for almost 2 years now. Coming from the Indian Civil Services background allowed him to shoulder senior

conclusion that CIMA was the best course.

achieved 99%of collection efficiency which means 99% Rakesh rightfully mentions,”CIMA qualification enabled

of Rs 1500 crore revenue that MTNL bills to its customers

me to fill in the gaps that my MBA curriculum couldn't

is realized within 6 months of billing. This is much higher

offer. Besides, it has been a great influence for me to be a

than the industry norms of 95%.

more confident and rounded finance professional.”

The operator's copper infrastructure is

responsibilities and leadership roles from very early in his

”When it comes to taking business decisions, one needs

capable of supporting high bandwidth

career. He has successfully juggled between work and his

to have a helicopter view of all the facets of that business

ACMA qualification and managed to finish the

and analytically come to a consensus, and that is what

qualification within just 12-14 months .

the CIMA qualification teaches an individual, giving an

services such as VPN, multicasting, video conferencing, VOD and broadcast applications. On 5 February 2009, MTNL launched its 3G services under the brand name “Jadoo”. It is the first company in India to launch 3G services

Rakesh wanted to be a chartered financial professional.

While searching for finance jobs he came across the reputation and recognition that CIMA professionals carry.

He found out that commercial aspect in a business is important for decision making and that is something that only CIMA could guarantee. He therefore came to the

able to add number of feathers to his hat. He recently

edge over the other finance professionals. Moreover, CIMA has helped me strengthen my confidence in dealing with delicate corporate governance issues which a finance professional has to face from time to time”, says Rakesh.

With his entrepreneurial leadership style Rakesh has been

“With the kind of curriculum that CIMA offers, it brings an unmatched recognition and better opportunities that helps a professional to excel nationally as well as internationally”

The Mahanagar Telephone Nigam Limited (MTNL) was founded in 1986 by the Indian government (which holds a 56.25 per cent stake in the company) to

"CIMA has helped me strengthen my confidence in dealing with delicate corporate governance issues which a finance professional has to face from time to time."

serve the telecom needs of Delhi and Mumbai. It was meant to clear a huge backlog of requests for phone connections in these cities, and make communications more accessible in other ways such as by setting up large numbers of public call offices. In addition, it was supposed to introduce new technologies and services.

MTNL proposes a complete range of telecommunication services including dial-up, broadband, home and mobile telephony, ISDN and leased line

RAKESH TUMANE

services. On 31 January 2005, MTNL launched its broadband services under the brand name Tri Band.

As the Finance Head at India's largest telecom company MTNL, Rakesh has been a CIMA member for almost 2 years now. Coming from the Indian Civil Services background allowed him to shoulder senior

conclusion that CIMA was the best course.

achieved 99%of collection efficiency which means 99% Rakesh rightfully mentions,”CIMA qualification enabled

of Rs 1500 crore revenue that MTNL bills to its customers

me to fill in the gaps that my MBA curriculum couldn't

is realized within 6 months of billing. This is much higher

offer. Besides, it has been a great influence for me to be a

than the industry norms of 95%.

more confident and rounded finance professional.”

The operator's copper infrastructure is

responsibilities and leadership roles from very early in his

”When it comes to taking business decisions, one needs

capable of supporting high bandwidth

career. He has successfully juggled between work and his

to have a helicopter view of all the facets of that business

ACMA qualification and managed to finish the

and analytically come to a consensus, and that is what

qualification within just 12-14 months .

the CIMA qualification teaches an individual, giving an

services such as VPN, multicasting, video conferencing, VOD and broadcast applications. On 5 February 2009, MTNL launched its 3G services under the brand name “Jadoo”. It is the first company in India to launch 3G services

Rakesh wanted to be a chartered financial professional.

While searching for finance jobs he came across the reputation and recognition that CIMA professionals carry.

He found out that commercial aspect in a business is important for decision making and that is something that only CIMA could guarantee. He therefore came to the

able to add number of feathers to his hat. He recently

edge over the other finance professionals. Moreover, CIMA has helped me strengthen my confidence in dealing with delicate corporate governance issues which a finance professional has to face from time to time”, says Rakesh.

With his entrepreneurial leadership style Rakesh has been

“With the kind of curriculum that CIMA offers, it brings an unmatched recognition and better opportunities that helps a professional to excel nationally as well as internationally”

“Having worked in the UK combined with CIMA qualification has helped me throughout in my

“CIMA membership had a

professional journey. I have managed to develop a coaching and guiding culture and steer the company for SOX and IFRS compliances. I also redesigned pricing models and tariff methodologies that have resulted in more number of mobile and broadband customers”, elaborates Rakesh.

He has certain plans in the pipeline about actively supporting his staff to study the CIMA qualification. He not only counsels them on the benefits of CIMA but has also taken up with the Director of the company (HR) for

profound influence on me as professional. It has improved my decision taking faculties and my approach to business decisions helping me to feel more confident at interacting with the

recruiting CIMA professionals.

auditors, board members and the

“My job allows me to take initiatives and to bring about

audit committee”

positive change. On dotted line I report to the Director Finance of the Board and hence there is ample of scope for influencing the board level decisions. It also involves a great level of team work and cross functional working.” ”With the kind of curriculum that CIMA offers, it brings an unmatched recognition and better opportunities that helps a professional to excel nationally as well as internationally. Besides satisfaction on the professional front definitely sweetens the atmosphere at home”, adds Rakesh.

technological and dynamic economic environment, one must continue to update the business knowledge to be competitive and relevant. This is where CPD fits the bill.

“CIMA membership had a profound influence on me as professional. It has improved my decision taking faculties and my approach to business decisions helping me to feel more confident at interacting with the auditors, board members and the audit committee”, says Rakesh.

Rakesh is of a strong belief that in a fast changing

Memberspeak: CIMA India Liaison Office 303, 3rd Floor, VIBGYOR Towers, C-62, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051.

T. +91 22 4237 0100, +91 22 4237 0111, +91 22 3291 1383 E. india@cimaglobal.com

Rakesh Tumane Finance Head, MTNL www.cimaglobal.com/india