Sterlite Electric, Resonia Ltd., and Serentica Renewables, have announced the appointment of Sumil Mathur as Group Chief Financial Officer (CFO). With nearly three decades of leadership experience, Mathur will lead the Group’s financial strategy, governance, and capital framework.
Sterlite Electric stated that Sumil Mathur will oversee risk management and drive financial transformation to support sustainable growth and long-term value creation across the group’s businesses.
Extensive Experience and Career Background
Before joining Sterlite Group, Mathur was the Chief Financial Officer and Chief Operating Officer at EMAAR India Limited. He was in charge of making and carrying out plans after the company split up. His time in office was spent on improving financial and operational discipline, making money off of assets, and building project pipelines that could grow in size and scope over time.
Earlier in his career, Mathur held senior leadership positions with major companies including HCL, Indus Towers, Airtel, and JCB, gaining wide-ranging experience across infrastructure, real estate, telecommunications, and manufacturing sectors. His expertise includes large-scale project execution, capital planning, and aligning financial frameworks with operational and strategic goals.
Leadership Comments
Pratik Agarwal, Managing Director of Sterlite Electric and Chairman of Resonia Limited and Serentica Renewables, commented:
“We are pleased to welcome Sumil Mathur as Group CFO. His deep expertise in financial leadership, governance, and complex transformations will be invaluable as we scale our platforms and strengthen foundations to support our growth ambitions.”Sumil Mathur said:
“I am excited to join the Group at a time when it is playing a critical role in strengthening power infrastructure and accelerating India’s energy transition. I look forward to working with the leadership team to enhance financial resilience, enable strategic growth, and create long-term value for all stakeholders.”
Strategic Focus
The goal of Mathur’s appointment is to improve the group’s financial management, drive risk management, and make it possible for Sterlite Electric, Resonia Ltd., and Serentica Renewables to grow strategically. As the group continues to grow in the power infrastructure and renewable energy sectors, this leadership change will help India reach its long-term sustainability and energy transition goals.
The appointment underscores Sterlite Group’s commitment to robust financial management and strategic leadership to support its growing portfolio of energy and infrastructure businesses.
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