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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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Aman Gupta’s OFF/BEAT secures Rs 100 crore seed funding round
Bessemer backs new venture betting on AI and India’s digital shift
MUMBAI: Aman Gupta has raised Rs 100 crore in seed funding for his new venture OFF/BEAT, with Bessemer Venture Partners leading the round as it bets on a new wave of AI-led, consumer-first businesses in India.
The funding marks an early but significant push for OFF/BEAT, which is positioned to tap into a rapidly evolving market shaped by a digitally native generation and advances in artificial intelligence. The venture aims to build at the intersection of culture and technology, where brand identity and innovation increasingly go hand in hand.
Gupta, best known for co-founding boAt and scaling it into a Rs 3,000 crore-plus business, is now looking to apply those learnings to a new playbook. His focus this time is not just on building a consumer brand, but on leveraging AI and global networks to accelerate growth.
OFF/BEAT founder Aman Gupta said, “Having built from scratch before, I know what capital can do and what it cannot. This time, I was looking for partners with a global perspective who can help me leverage technology and AI, because that is where the future lies. Bessemer’s track record with companies like Anthropic, Shopify, Canva and LinkedIn says it all.”
The choice of investor reflects that ambition. Bessemer Venture Partners has backed global technology players such as Anthropic, Shopify, Canva and LinkedIn, bringing not just capital but strategic support and global reach.
Bessemer Venture Partners partner Anant Vidur Puri said, “We back founders who see around corners. Aman saw how a new India would come to think about aspiration, identity and quality, and built boAt as proof. He is now applying that same instinct to a market being reshaped by AI and by a generation with entirely new expectations.”
The investment comes at a time when India’s startup ecosystem is being reshaped by both consumer behaviour and technological disruption. Founders are increasingly expected to understand not just products, but the cultural shifts that drive adoption.
For OFF/BEAT, the journey is just beginning, but the signal is clear. In a market where attention is fleeting and expectations are rising, building something truly distinctive may be the only way to stay on beat.
