Indrajit Banerjee, Chief Financial Officer of Cairn India Ltd has been adjudged the best CFO of the year in the Best Treasurer category.

Finance Minister Pranab Mukherjee conferred the Business Today CFO of the Year (Best Treasurer Category) on Banerjee at a function here yesterday, the company said on Wednesday.

The even was also attended by Planning Commission Deputy Chairman Montek Singh Ahluwalia.

This year the awards picked the best CFOs in the country - the ones who best succeeded in finding the balance between company growth and meeting shareholder expectations, while keeping input costs down during the difficult financial year of 2009/10.

The winner of the CFO award was chosen from analysis of 500 companies, ranked by market capitalisation. The list was sorted into three: large companies, or those with revenues of more than Rs 2,000 crore, mid-sized companies, whose revenues were lower, and public sector units or PSUs.

After the first round of eliminations, 37 large companies, 34 midsized ones and 13 PSUs remained.