Bhubaneswar, Odisha: Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), lauded the transformative leadership of Cost and Management Accountants (CMAs) during his keynote address at the 62nd National Cost and Management Accountants’ Convention, held at SOA University in Bhubaneswar.
Organized by the Institute of Cost Accountants of India (ICMAI), the two-day national convention brought together top financial experts, policymakers, and industry leaders. The Governor of Odisha, Dr. Kambhampati Hari Babu, graced the event as Chief Guest, praising IREDA’s pivotal role in advancing India’s renewable energy goals. He also hailed the company’s recent stock exchange listing as a landmark moment in the nation’s green finance movement.
In his address, Das highlighted the evolving global stature of CMAs, pointing out that their strategic input is now central to operations in over half of Fortune 500 companies. “CMAs have evolved from traditional cost controllers to strategic advisors and value partners,” Das said, emphasizing their rising relevance in both mature and emerging markets.
Reflecting on IREDA’s recent milestones, Das spoke of the company’s digital transformation and substantial financial growth. “In the last five years, IREDA’s loan book has grown 3.5 times, managed by a leaner and more efficient workforce,” he noted, attributing the success to robust financial governance and the impactful roles played by CMAs.
He further stressed the need for adaptive financial leadership in today’s fast-evolving economic landscape. “The future belongs to adaptive and strategic financial leaders, and CMAs are well-positioned to lead India’s economic transformation,” Das added.
The convention underscored the crucial role of CMAs in driving corporate sustainability, fostering financial innovation, and strengthening governance frameworks – positioning them as essential partners in shaping India’s economic and environmental future.
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About IREDA
IREDA, a government-owned non-banking financial institution under the Ministry of New and Renewable Energy, is dedicated to promoting and financing renewable energy and energy efficiency projects across India. Formed in 1987, IREDA is a Navratna organisation owned by the Government of India and administratively controlled by the Ministry of New and Renewable Energy (MNRE).
