Mr.K.K. Gupta, Director, Resurgent India Ltd. welcomed the guests. He talked about the importance of cash management in the businesses and practical aspect of cash flow. He also discussed about the Role of MSME and strategies and method to be adopted by them to overcome such unprecedented situations.

Mr. Tilak Raj Chawla (Ex-executive director Allahabad Bank), shared his views on Adequate Cash that has to be there. He debated how existing capacities being escalated to much higher levels also creates problem. He stressed on provision of cash-budget method for lending. A Amit Sahai Mathur (Co-founder & CEO Fouraxes business solutions Pvt.Ltd.), stated that with constant cash outflow happening, there were no inflows as no business transactions were happening at the time of covid.In the 2nd lockdown no incentives were given by the government. The challenge was how to fund the business growth.

CA Manish Gadia (Partner, JMP associates) stated that this is the time to provide due care towards cash besides profit. He also stressed on giving importance to operating cash flow is imperative at this time. He mentioned to cut down expenses or do better planning to give proper time for receivables management. He advised to defer the purchase or restructure financing activities and go for personal level funding or raise money from banks for investing activities. Mr. D.S. Rajput concluded that to be in the business, survival is more important. Costs should be cut down and guarantee for the project is provided by insurance companies but in India, this right is exclusively with the banks. So, in the coming time insurance companies are also going to come with new projects and it’s going to help businesses.

The session ended with the Vote of Thanks by Mr.K.K. Gupta. He extended his gratitude to all the eminent speakers as well as to the audience.