Sterlite Electric Appoints Sumil Mathur as the Group CFO
Sterlite Electric, a prominent manufacturer of capital goods and a provider of system integration solutions, in collaboration with Resonia Ltd., a developer of power transmission infrastructure, and Serentica Renewables, a major renewable energy provider in India, has declared the appointment of Sumil Mathur as the Group Chief Financial Officer (Group CFO).
With almost thirty years of leadership experience, Sumil will steer the Group’s financial strategy, governance, and capital structure, managing risk and financial transformation to support sustainable growth and create long-term value across the businesses.
Before joining the Group, Sumil held the positions of Chief Financial Officer and Chief Operating Officer at EMAAR India Limited, where he was instrumental in developing and implementing its strategy following the demerger.
His time in office was characterized by enhanced financial and operational discipline, the generation of value through asset monetization, and the establishment of scalable project pipelines that aligned with long-term business goals.
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Pratik Agarwal, Managing Director, Sterlite Electric, and Chairman, Resonia Limited and Serentica Renewables says, “We are pleased to welcome Sumil Mathur as Group CFO. His deep expertise across financial leadership, governance, and complex transformations will be invaluable as we scale our platforms and reinforce strong foundations to support our growth ambitions.”
Sumil Mathur says, “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 closely with the leadership team to enhance financial resilience, enable strategic growth, and create long-term value for all stakeholders.”
Earlier in his career, Sumil has occupied top leadership positions with prominent organizations such as HCL, Indus Towers, Airtel, and JCB, acquiring substantial experience in infrastructure, real estate, telecommunications, and manufacturing. His background includes extensive project execution, capital planning, and aligning financial structures with strategic and operational goals.
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Additionally, Sterlite Electric Ltd has announced that it has received contracts totaling Rs 1,500 crore during the first quarter of this fiscal year, primarily attributed to the growth of renewable energy initiatives and international trade.
The robust beginning of the fiscal year is indicative of the continuous strong interest in the company's advanced conductors, power cables, and Optical Ground Wire (OPGW) products, both in domestic and international markets.
The orders encompass a wide range of critical infrastructure sectors including high-performance conductors for green energy transmission routes, advanced medium and high-voltage power cables, Medium Voltage Covered Conductor (MVCC), and Optical Ground Wires for grids prepared for digital advancements.
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Furthermore, the company has successfully obtained contracts for upgrading and enhancing current transmission systems from well-known state utilities. In addition, the company is further solidifying its standing in international markets through regular exports to regions such as LATAM, SAARC, North America, Europe, the Middle East, and Africa.