About KNM

Shri.K.Narasimha Murthy

K. NARASIMHA MURTHY (67), having brilliant academic record, getting ranks in both CA & ICWA courses entered the Profession of Cost & Management Accountancy in 1983. He is associated with the development of Cost & Management Information Systems for more than 175 Companies covering more than 50 Industries. In addition, he is closely associated with turning around of many large Corporates, focusing on systems improvement with Cost Reduction approach
He is closely involved with several National level Institutions, presently on the Boards of Raymond Ltd., Axis Finance Ltd., NELCO (A TATA Enterprise), Raymond Lifestyle Ltd., Max Financial Services Ltd., Max Healthcare Institute Ltd., Max Life Pension Fund Company Ltd. In addition, he is associated as Member Tirumala Tirupati Devasthanam Internal Audit Committee and Member on the Management Accounting Committee of Institute of Cost Accountants of India

Various Positions

Earlier he was associated as a Director with National Stock Exchange India Ltd., (NSE) (2020-23), Oil and Natural Gas Corporation Ltd.(ONGC) (2013-‘16), IDBI Bank Ltd.(2001- ‘11), LIC Housing Finance Ltd.(2005-’15), UTI Bank Ltd.,(presently AXIS Bank)(1999- 2004), Member Board of Supervision NABARD (2005-’15), Unit Trust of India (UTI)(2002- ‘03), IFCI Ltd.(2008-‘09), STCI Finance Ltd. (Formerly Securities Trading Corporation of India Ltd.,)(2013-‘19), AP State Finance Corporation(2009-’15), Infiniti Retail Limited (TATA Croma) (2013-’19), Max Bupa Health Insurance Co. Ltd.( 2009-’19), Max Life Insurance Comp. Ltd., ( 2013-’24), Max Specialty Films Ltd., (2014-2022), Max Ventures & Industries Ltd. (2016-2022), Shivalik Small Finance Bank Ltd., (2021-2024), APIDC Ltd., (1995) etc. Further he was a Member of the External Rating Supervision Committee of CARE Ratings (2020-23) and Cost Audit Standards Board and Cost Accounting Standards Board (2011-23). As Chairman of Expert Committee on Urban Co-op. Banks (UCBs) (2002) in A.P., analysed the performance of more than 140 UCBs. Recommendations of the Committee are well received / accepted, being implemented by the concerned agencies.

Associations

He has been associated with more than 45 High Level Committees as Chairman / Member both at National & State Level, which include Audit Reforms Implementation Committee on Public Sector Banks, Prasara Bharati Restructuring Committee, Expert Committee on Common Wealth Games, Restructuring Committee of State Level PSUs, Expert Committee on Co-op. Credit Institutions, Fiscal Reforms Implementation Committee etc.,

He is also associated with the development of Cost Accounting Record Rules for many Industries as a Member of Advisory Committee, Dept. of Corporate Affairs, Govt. of India.
His efforts in the furtherance of Costing & Management Accounting Profession in India were recognised by the Institute of Cost & Works Accountants of India (ICWAI) which has
honoured him by giving citation in October 2007.

ACADEMIC LIFE
  • Studied in Islamia High School,Secunderabad upto 1969.
  • Completed college,CA & ICWA courses in Vijayawada
PERSONAL LIFE
  • Father: Late Shri Kummamuru S Rama Rao, Born in 1931 at Hyderabad, a Mechanical and Electrical Engineer, Served Many Manufacturing Companies as Engineer.
  • Mother: Late Smt K.Durgamba , Housewife Born in 1942 at Gudivada.
  • Father’s Father: Late Shri K.Narasimha Rao, Worked in Nizam Railways.
  • Father’s Mother: Late K.Shakuntala , Housewife Born in Kollapur, Mahabubnagar District.
  • Mother’s Father - Late Shri V. Hari Narayana retired in 1940 as Chief Engineer Gudivada. Krishna Dist.
  • Mother’s Mother - Late Smt. V. Varalakshmamma
  • Wife: Smt K.Lalitha Born In 1960 at Machilipatnam, Housewife
  • Son: K Sree Charan - Cost Accountant. Partner - Narasimha Murthy & Co..
  • Daughter: Yasaswini B.Arch. Son in law Shri. Ganti Lakshmi Narasimha IRS, Assistant Commissioner GST.

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