Finance Committee


Finance Committee

Finance Committee of the institution shall be the key body which will monitor and manage the financial sustainability if the institution. Finance committee is an advisory body to the Governing Body and reports / recommends from time to time regarding the matters related to budget estimates, income from fees etc. The term of the members of the finance committee will be for two years and shall be reconstituted by the Principal.

Functions of the Finance Committee

The functions of Finance Committee are as follows:

  • To monitor and manage the budget estimates relating to the income from fees, etc. collected
  • To manage the annual budgets and utilisation reports submitted by the individual departments Audited

Members of the Finance Committee

S.NoName of the personCategoryDesignationAffiliation
1Dr.B.ArundhatiChairpersonPrincipalVIIT, Visakhapatnam.
2Dr.V.Madhusudan RaoManagement RepresentativeRectorVIIT, Visakhapatnam.
3Mr.N.SrikanthManagement RepresentativeExecutive DirectorVignan Group, Visakhapatnam Region.(Nominated by the Governing Body)
4Mr.R.Sundara RamamMemberDean of AdministrationVIIT, Visakhapatnam.(Nominated by the Principal)
5Mr.S.SureshMemberHead of AccountsVignan Group, Visakhapatnam Region.
6Mr.I.Rama RaoMemberExternalAuditor, Visakhapatnam (Nominated by Governing Body)
7Mr.SureshMemberExternalStatutory Auditor, Lavu Educational Society. (Nominated by Governing Body)

Minutes of General Body Meetings


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