Sumil Mathur appointed Group CFO at Sterlite Electric

Sterlite Electric has appointed Sumil Mathur as Group Chief Financial Officer (CFO). He will oversee global financial strategy, capital management and corporate governance across the group’s businesses.

In his new role, Mathur will be responsible for financial management and supporting strategic growth initiatives across business verticals. He joins Sterlite Electric after serving at Emaar India as Chief Operating Officer (COO) and Chief Financial Officer (CFO), where he was involved in operational restructuring and financial stabilisation.

Mathur has nearly three decades of experience across real estate, telecommunications and manufacturing. He previously served as Vice President – Finance at HCL Infosystems Ltd., where he handled group-level restructuring. At Indus Towers, he was General Manager – Finance and led Oracle implementation projects while overseeing financial operations for more than 100 personnel.

Earlier in his career, he spent ten years at JCB and also held positions at Bharti Airtel and India Yamaha Motor Pvt. Ltd. His experience includes work on International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind AS) and enterprise resource planning (ERP) transformations.

Commenting on his appointment, Mathur said he is joining the group at a time when it is contributing to power infrastructure development and India’s energy transition. He added that he looks forward to strengthening financial resilience and supporting long-term value creation.

Pratik Agarwal, Managing Director (MD), Sterlite Electric, and Chairman of Resonia Ltd and Serentica Renewables, said Mathur’s experience in financial leadership, governance and complex transformations will support the group’s growth plans.