Y M DeosthaleeDirector
Y M Deosthalee is a Chartered Accountant and Law graduate. He was the Chief Financial Officer and a Member of the Board of Larsen & Toubro (L&T). He is also a Member of the Board of several subsidiary and associate companies of the L&T Group. He has been associated with the L&T Group for the past 40 years.
During his stint at L&T, in addition to the Finance function, he has also been responsible for Personnel and Human Resource functions, Risk Management, Mergers and Acquisitions, Shared Services Centre and providing strategic inputs. He has also helped in building the business portfolio of L&T Infotech, amongst other things. Mr Deosthalee was instrumental in promoting the Financial Services business of the L&T Group. In 2008, he was appointed as a member of the Advisory Committee for Liquidity Management set up by the Finance Ministry.
In 2009, he was appointed as a member of the Takeover Regulations Advisory Committee, which was constituted by SEBI to examine the Takeover Regulations and suggest amendments. He is a member of the Confederation of Indian Industry's (CII) National Council on Corporate Governance and the National Council on Banking.
He has also won several awards including the Best CFO of the Year and also the Best CFO in the Capital Goods Sector at the CNBC-TV18 Business Leaders Awards in 2009. He also oversees the L&T Group's development projects business.