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Sterlite Group names Sumil Mathur as new group CFO
Financial veteran joins to power growth, boost strategy and energy transition
MUMBAI: Sterlite Electric, Resonia Ltd., and Serentica Renewables have announced the appointment of Sumil Mathur as group chief financial officer (group CFO).
With nearly 30 years of leadership experience, Sumil is set to steer the group’s financial strategy, governance, and capital framework. He will oversee risk management and financial transformation to fuel sustainable growth and long-term value creation across the companies.
Before joining Sterlite Group, Sumil served as CFO and COO at Emaar India Limited, where he helped shape the company’s post-demerger strategy. His tenure was marked by tighter financial discipline, value creation through asset monetisation, and building scalable project pipelines aligned with long-term objectives.
Sterlite Electric managing director and Resonia Limited and Serentica Renewables chairman Pratik Agarwal, welcomed the appointment, he said, “We are thrilled to have Sumil Mathur on board. His experience in financial leadership and complex transformations will be invaluable as we scale our platforms and strengthen foundations to support growth.”
Sumil Mathur commented, “I am excited to join the group at a time when it is playing a key role in strengthening power infrastructure and driving India’s energy transition. I look forward to working with the team to enhance financial resilience and create long-term value for stakeholders.”
Sumil’s career spans senior roles at HCL, Indus Towers, Airtel, and JCB, giving him extensive exposure across infrastructure, real estate, telecommunications, and manufacturing. His expertise covers large-scale project execution, capital planning, and aligning financial strategies with business priorities.
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TCS and ServiceNow join forces to fast-track AI in enterprises
New partnership aims to turn clunky workflows into smart, self-learning engines
MUMBAI: Tata Consultancy Services (TCS) and ServiceNow have teamed up to help businesses move from AI experiments to full-scale adoption. The multi-year partnership will see TCS building industry-specific AI solutions on the ServiceNow platform, transforming slow, manual processes into intelligent, autonomous workflows that learn and improve over time.
Enterprises are eager for smarter ways to handle back-office functions like HR, finance, supply chain, procurement, and employee services. With this collaboration, TCS will offer AI-led solutions that bring together trusted AI, modern workflows, and deep industry knowledge, helping businesses work faster, smarter, and more efficiently.
ServiceNow president and chief product officer Amit Zavery said, “Enterprises need partners who can combine innovation, execution, and governance. Together with TCS, we are embedding AI directly into workflows, modernising legacy systems, and driving measurable results.”
TCS executive director and COO Aarthi Subramanian added, “Companies are ready to move beyond pilots to enterprise-wide transformation. Our partnership will embed intelligence across IT, operations, and customer functions, unlocking speed, efficiency, and lasting advantage.”
The solutions are designed to break down silos, giving organisations a holistic, insight-driven view. HR operations, for instance, could shift from fragmented services to a smooth hire-to-retire lifecycle, boosting productivity and engagement. Similarly, order processing could evolve from a slow, multi-step cycle into a fast-moving engine that drives revenue and cash flow.
TCS is already ServiceNow’s largest user for IT Asset Management, rolling out the system across thousands of devices in just three months. Both companies will also invest in co-innovation labs, solution showcases, and joint go-to-market initiatives to bring these AI capabilities to clients.
With this partnership, enterprises can look forward to workflows that think for themselves, helping businesses stay ahead in the AI era.
