BUSINESS

Tushar Shroff Appoints as CFO in Sterlite Tech

Sterlite Technologies appoints new CFO Tushar Shroff.

Sterlite Technologies announced the appointment of Tushar Shroff as the company’s Chief Financial Officer (CFO) and key management officer, effective immediately, upon approval by the Board of Directors.

He is a qualified chartered accountant and cost accountant having an experience of 28 years or more in the field of capital structuring, fundraising, treasury management, mergers & acquisitions, financial accounting, taxation, and planning of investor relations.

During his career, he has managed multi-billion dollar organisations and has been instrumental in building high-net-worth organisations through various initiatives. In Intas Pharmaceuticals, he has served as the Group CFO in India.

The technology company is a leading provider of end-to-end solutions for global digital networks.

The standalone net profit of Sterlite Technologies slipped at 58.1% to Rs 44 crore in the second quarter of FY23 from Rs 105 crore recorded in FY22. Revenue from operations rose 17.2% yearly to Rs 1,768 crore in the second quarter of FY23.

On the Bombay Stock Exchange (BSE), Sterlite Technologies’s shares fell by 0.09% to Rs 176.15.

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