Published Paper Details:

Finance is defined as providing money when needed. All businesses, whether large or small, need funding to stay active and achieve their goals. No business can achieve its goals without adequate funding. Finance refers to the management of cash flow through an organization. It involves the application of technology to manipulate, use and control money. From the beginning to the end, finance has vital role in a company. It is necessary that correct estimate of the current and future need of capital be made to have an optimum capital structure which shall help the organization to run its work smoothly and without any stress. As a matter of fact, finance is very important aspect in any business. With huge funds, daily cash flow and continuous transactions, managing and monitoring all the above turn necessary To be specific financial management helps the organisation determine what to spend, where to spend and when to spend and finance is the functional process of business which helps to meet goals and objectives. This paper is about Impact of Financial Leverage on Profitability of renowned Indian companies.