
Jigar Shah
CFO, NSDL
Previously headed finance and treasury at NSDL Payments Bank
18+Years of
experience
Practitioner-led CFO executive program preparing you for the demands of the modern CFO role














Check your eligibility for the CFO Immersive Leadership Program.
Six roles lead to the CFO seat. Yours is one of them.
WHERE THIS TAKES YOU
Your faculty are CFOs. Not professors.
Scroll to meet your faculty

CFO, NSDL
Previously headed finance and treasury at NSDL Payments Bank
18+Years of
experience

Group CFO, Swiggy
Led Swiggy’s IPO and ₹10,000 crore QIP
20+Years of
experience
Finance leader
Former Group CFO at Arka Fincap
20+Years of
experience
Former CFO, IndusInd Bank
Led group accounts and MIS at Kotak Mahindra Bank
30+Years of
experience

Former Director, F&A, BDO India
Finance leadership across advisory and industry
18+Years of
experience

CFO, BELLS
Moved from financial control into the CFO seat
20Years of
experience
Associate Director, Portfolio & Vendor Gov., J & J
Stewards multi-million-dollar budgets and vendor governance
Lean Six Sigma Black Belt · PMP
9 modules. 9 live builds.
Keep the business liquid, controlled and crisis-ready before you start shaping what comes next.
How do you protect cash when the operating cycle tightens?
THE DECISION
How do you protect cash when the operating cycle tightens?
CORE TOPICS
AI in action: Cash forecasting · Counterparty risk scoring · Tax inefficiency flags
LIVE BUILD
Build a liquidity plan covering cash needs and working capital
CFO SKILLS YOU’LL DEVELOP
Defending a liquidity policy, hedging stance and working-capital target.
What should the board see before it becomes obvious in the numbers?
THE DECISION
What should the board see before it becomes obvious in the numbers?
CORE TOPICS
AI in action: Bank-feed reconciliation · Anomaly detection · Scenario modelling
LIVE BUILD
Explore financial reporting and business performance through the Swiggy dashboard.
CFO SKILLS YOU’LL DEVELOP
A board-ready MIS pack and a forward-looking model tied to business performance.
What happens in the first 48 hours when a control failure becomes an enterprise crisis?
THE DECISION
What happens in the first 48 hours when a control failure becomes an enterprise crisis?
CORE TOPICS
AI in action: Compliance tracking · Continuous controls monitoring · Scenario engines
LIVE BUILD
Practise responding to a simulated crisis as a finance leader.
CFO SKILLS YOU’LL DEVELOP
Owning the controls framework and leading a first-48-hours crisis response.
Move from analysing the business to influencing decisions, recovery and the people behind the finance function.
Can you read leverage, persuade a sceptical board and close without losing trust?
THE DECISION
Can you read leverage, persuade a sceptical board and close without losing trust?
CORE TOPICS
AI in action: Deal analytics · Stakeholder mapping · AI-assisted board narratives
LIVE BUILD
Practise negotiating with another party while managing competing interests.
CFO SKILLS YOU’LL DEVELOP
Negotiating under pushback and defending your position in the boardroom.
How do you respond early enough when the business starts moving toward distress?
THE DECISION
How do you respond early enough when the business starts moving toward distress?
CORE TOPICS
AI in action: Risk diagnostics · Cost optimisation · Stakeholder sentiment tracking
LIVE BUILD
Build a turnaround plan with prioritised actions for business recovery.
CFO SKILLS YOU’LL DEVELOP
A defensible turnaround plan with sequenced actions and stakeholder priorities.
How do you build a finance function that can scale with the business?
THE DECISION
How do you build a finance function that can scale with the business?
CORE TOPICS
AI in action: Compensation benchmarking · Talent analytics · AI copilots
LIVE BUILD
Design a finance team structure and draft a public statement.
CFO SKILLS YOU’LL DEVELOP
Designing and defending the structure of an AI-augmented finance function.
Move from measuring enterprise value to making the capital, deal and cross-border decisions that shape it.
How do you raise capital, defend valuation and keep the narrative aligned with the numbers?
THE DECISION
How do you raise capital, defend valuation and keep the narrative aligned with the numbers?
CORE TOPICS
AI in action: Investor matching · Comparable analysis · Term-sheet review
LIVE BUILD
Practise building a fundraising pitch using the Hosteller case.
CFO SKILLS YOU’LL DEVELOP
Running and defending a fundraise from capital need through investor narrative and diligence.
When should you build, buy or partner — and how do you defend the deal?
THE DECISION
When should you build, buy or partner — and how do you defend the deal?
CORE TOPICS
AI in action: Due-diligence analytics · Swap-ratio stress tests · Synergy validation
LIVE BUILD
Practise valuing a potential deal using a brief summary.
CFO SKILLS YOU’LL DEVELOP
Structuring, negotiating and defending an M&A deal end to end.
How do you expand across markets without losing control of FX, structure or regulation?
THE DECISION
How do you expand across markets without losing control of FX, structure or regulation?
CORE TOPICS
AI in action: FX forecasting · Regulatory tracking · ESG data · Deal screening
LIVE BUILD
Map overseas expansion across market entry, company structure and currency.
CFO SKILLS YOU’LL DEVELOP
Making and defending market-entry, entity-structure and FX decisions across borders.
THE CASE METHOD
Work through real business situations with practising CFOs. Weigh competing priorities and shape the recommendation.
Link financial performance to strategy, operations and stakeholders.
Weigh capital allocation, liquidity and risk as one decision.
Make the call with incomplete information and shifting conditions.
Present the rationale and trade-offs to CFOs and peers.
APPLIED CAPSTONES
LIQUIDITY & RESILIENCE
Cash planning, risk and stakeholder priorities in one plan.
GOVERNANCE & ASSURANCE
Oversight, controls and board communication, end to end.
CAPITAL & TRANSACTIONS
Evaluate terms, strategic fit and value creation.

Mumbai · 3 days
Applied learning with finance practitioners at ISFB Mumbai, plus cohort networking.
Singapore · 5 days
Everyone attends, alongside practitioner sessions and cohort networking.
Their perspective on what makes the learning valuable.


Having reviewed the program closely, I believe it reflects a clear understanding of where the CFO role is heading, not merely where the finance function has been. It goes beyond technical competence to deliberately build strategic judgment, business acumen, leadership presence and the ability to make decisions under uncertainty. Importantly, it prepares finance leaders to engage confidently with CEOs and Boards while remaining firmly anchored in value creation, governance and performance. For a professional aspiring to the CFO seat, this is precisely the kind of preparation that can make the transition from finance leadership to enterprise leadership.

I believe the programme is well designed to meet the current needs of finance professionals. It provides a strategic edge to aspiring CFOs in an increasingly competitive business environment. The programme strikes the right balance between academic concepts and practical knowledge, enabling young professionals to build strong and relevant domain expertise. The detailed coverage of topics also helps participants understand the nuances and intricacies of the finance world.
The programme is well structured to address these evolving expectations in a meaningful and practical manner. It equips finance professionals with the knowledge, perspectives, and capabilities required to navigate the complexities of modern business and create an ALPHA in their respective domains.
Including 1,200+ CFOs & finance leaders.
Meet our alumni.

CFO

Imarticus Alumni

Partner & CFO
Imarticus Alumni

Head of Finance

Imarticus Alumni

Finance & SAP Transformation Leader
Imarticus Alumni

Head of Strategic Finance

Imarticus Alumni

Business Strategy & Growth
Imarticus Alumni
Across the Imarticus finance community
Apply → Profile review → Interview → Offer and enrolment
₹3,99,999 Inclusive of all taxes
EMI / financing options available.
Ask admissions for monthly plans and terms.
Confirm flights, visa, accommodation and other travel costs with admissions before enrolling.
Before you apply.
The program is designed for finance professionals with 10+ years of experience preparing for broader CFO responsibilities. Admission includes a profile review and interview.
The program runs for 9 months, with live online CFO classes on weekends and in-person immersions in Mumbai and Singapore. Ask admissions for the weekly timetable and preparation hours before enrolling.
Apply, complete a profile review and attend an interview. Selected applicants receive an offer and proceed to enrolment. The cohort has 50 seats.
Yes. EMI / financing options are available for the ₹3,99,999 program fee, inclusive of all taxes. Ask admissions for payment schedules, eligibility and financing terms.
The program includes a 5-day Singapore immersion for everyone; one winning team presents. Please ask admissions for a full breakdown of flights, visa, accommodation and other travel-cost inclusions before enrolling.
Preparing to become a Chief Financial Officer means building judgment in capital allocation, strategy, risk and board communication alongside technical finance expertise. ISFB’s CFO training uses business cases, live capstones and practitioner feedback to help experienced finance professionals practise these decisions.
The curriculum covers treasury and tax strategy, AI-driven finance, risk and compliance, negotiation, restructuring, team leadership, fundraising, valuation, M&A and global business. These areas connect financial management with the wider business responsibilities of a chief financial officer.
When comparing CFO programs, look at faculty experience, curriculum depth, practical work, peer profiles, learning format and total fees. ISFB’s CFO Immersive Leadership Program combines live online learning with practitioner-led cases, three live capstones and Mumbai and Singapore immersions.
The program includes a program certificate. If you are comparing a CFO certification program with other CFO courses, ask admissions about the certificate issuer and completion requirements. A course certificate should not be treated as a professional “certified CFO” designation or a guarantee of appointment to a CFO role.
Chartered accountants with 10+ years of finance experience can explore this program when preparing for broader leadership responsibilities. Admission is based on profile review and interview. For professionals comparing courses for CFO roles, the emphasis here is business judgment, practitioner-led learning and live application.
The program is designed for experienced finance professionals preparing for broader CFO responsibilities. Learning includes CFO-led sessions, applied cases and feedback on decisions. If you are looking specifically for individual mentoring, confirm its availability and format with admissions.
A virtual CFO course may focus on providing outsourced finance leadership services. ISFB’s program focuses on broader CFO leadership and enterprise decision-making. Professionals comparing online CFO courses should also account for the in-person Mumbai and Singapore immersions in this program.