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STL appoints Mihir Modi as Chief Financial Officer

Press Release
Sterlite Technologies (STL) Logo

PUNE, India, Oct. 5, 2020 /PRNewswire/ — STL (NSE: STRTECH), an industry leading integrator of digital networks, has announced the appointment of Mr. Mihir Modi as its Chief Financial Officer. Mihir will lead all financial matters of the company and work closely with the Executive Committee and the Board of Directors.    

Sterlite Technologies (STL) Logo

Mihir is an experienced management professional with over 20 years of career spanning finance, M&A, strategy and general management, across large scale listed companies and early stage start-ups in India, Europe and Africa. Most recently he has co-founded a contemporary digital media content company, and led Zee Entertainment as its Chief Business Officer and CFO.  Before Joining Zee, Mihir has worked with Ernst &Young, Novartis Pharma in Europe and Godrej Consumer Products. Mihir is a qualified Chartered Accountant and an MBA from Indian School of Business.

On joining STL as the CFO, Mihir Modi said, “The world has entered a decade of network creation that will ensure connectivity and comprehensive digital experiences for all. A high bandwidth, responsive and agile digital platform has become a global necessity, and STL is poised to be a global leader with its suite of end-to-end digital network solutions. I am excited to work with the leadership team to take STL’s performance to new levels.”

Emphasising the impact of this announcement, Anand Agarwal, Group CEO, STL said, “We are delighted to welcome Mihir as the Chief Financial Officer of STL. Mihir is a finance professional with a wide range of experiences in digital growth businesses. Mihir’s experience in building deep industry alliances, managing internal efficiencies and eventually delivering consistent shareholder value, will help bolster STL’s strategy to deliver profitable growth.”

About Sterlite Technologies Ltd – STL

STL is an industry-leading integrator of digital networks. We design and integrate these digital networks for our customers. With core capabilities in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration, we are the industry’s leading end-to-end solutions provider for global digital networks. We partner with global telecom companies, cloud companies, citizen networks and large enterprises to deliver solutions for their fixed and wireless networks for current and future needs. We believe in harnessing technology to create a world with next generation connected experiences that transform everyday living. With an intense focus on end-to-end network solutions development, we conduct fundamental research in next-generation network applications at our Centre of Excellence. STL has a strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India, Italy, China and Brazil, along with two software-development center’s across India and one data Centre design facility in the UK.

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