The CMA CFO award is given by the Institute of Cost Accountants of India (ICAI) every year as a part of National CMA Excellence. The award is given to Management Accountants who are of CFOs of the organization. The CFO award is evaluated and given on the basis of the following:

• Cost Management practices
• Risk Management practice
• Role of CFO in value creation to the organization
• CSR activities of the Company

T.N.Sivasubramanian, CFO, Toshiba Machine, Chennai was selected as theBest CMA-CFO award for the year 2015 for category Private Manufacturing (Turnover < Rs.1000 cr) at a function organized in New Delhi on 28th May 2016 by the Institute of Cost Accountants of India. The Award was presented to him by Shri.Najib Shah, Chairman, Central Board of Excise and Customs (CBEC).