Sterlite Appoints Monica Madan as Chief Financial Officer

Sterlite Appoints Monica Madan as Chief Financial Officer

Sterlite has announced the appointment of Monica Madan as the Chief Financial Officer (CFO). The firm deals with the manufacturing and supply of high-performance power conductors, extra-high voltage (EHV), high voltage (HV) and medium voltage (MV) cables and optical ground wires (OPGW). She takes over the responsibilities previously held by Parag Jain.

Commenting on the appointment, Reshu Madan, CEO, Sterlite, said, “Monica’s global experience and financial expertise make her the right leader to support Sterlite’s expansion and enhance our market position as we shape the future of power transmission. Her leadership will be instrumental in scaling our operations and creating long-term value as we continue to shape the future of power transmission globally.”

With over two decades of experience across Fortune 500 companies, Monica has held leadership roles at McAfee, Microsoft, and Shell, working across India, Southeast Asia, the US, and Europe. Most recently, she served as the CFO of Schneider Electric Ireland, where she played a key role in driving financial transformation and business growth. She is a strong advocate for women empowerment, diverse and inclusive growth, and mental well-being.

Sterlite caters to 70+ countries, delivering cutting-edge solutions in power infrastructure and innovation, further solidifying its position as a global leader in the energy sector.

Formerly part of Sterlite Power Transmission Ltd Global Products and Services Business, the company has proven track record of being a leading cable solution provider with four state-of-the-art manufacturing facilities. With a strong focus on innovation and sustainability, Sterlite also possesses EPC turnkey capabilities to provide end-to-end integrated cables solutions to its customers. Its specialized EPC vertical provides bespoke solutions for the upgrade, uprate, and fiberization of existing transmission infrastructure projects advancing the carriage towards a green energy-efficient future.