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Sapphire Foods elevates Punit Jhunjhunwala to the role of senior vice president & deputy CFO
Internal finance leader steps up after eight years, reporting to CFO Vijay Jain
MUMBAI: Sapphire Foods India Limited has elevated Punit Jhunjhunwala to the role of senior vice president and deputy chief financial officer, strengthening its senior management bench as it continues to scale operations. Jhunjhunwala will continue to report to executive director and CFO Vijay Jain.
An internal elevation, the move reflects Sapphire Foods’ preference for grooming leadership from within. Jhunjhunwala has been with the company for over eight years, most recently serving as vice president and head of finance and accounts. During this period, he has played a key role in strengthening core finance functions, including accounts, banking and treasury, taxation, and financial planning and analysis.
With over 17 years of experience, Jhunjhunwala brings a mix of operational rigour and strategic oversight. Before joining Sapphire Foods, he held roles at Zee Entertainment Enterprises Limited and Tata Steel Limited, where he gained exposure to large-scale finance operations across listed entities.
A qualified chartered accountant from the Institute of Chartered Accountants of India and a company secretary from the Institute of Company Secretaries of India, he also holds a commerce degree from the University of Calcutta.
The elevation comes at a time when quick service restaurant operators are sharpening their financial controls and capital strategies amid expansion and evolving consumer demand. Strengthening the finance leadership layer signals Sapphire Foods’ intent to stay agile while maintaining discipline on costs and growth.
With this move, the company appears to be betting on continuity and institutional knowledge, promoting a leader who already knows the numbers and the narrative behind them.
