The appointment is effective from 1st July 2021.
Titan Company has announced the appointment of Ashok Sonthalia as its new chief financial officer ( CFO) effective from 1 st July 2021 . Sonthalia is a Chartered Accountant with around 30 years of experience in areas of strategic financial planning, business development, M& A, treasury, finance & accounts in diverse industry verticals in multi-cultural and multi-national environments.
Ashok Sonthalia, is the chief financial officer at Titan Company , where he is responsible for the company’s overall Finance and Accounts functions. He is a Chartered Accountant, has done one-year management programme from XLRI, Jamshedpur and has completed General Management Program from CEDEP, Fontainebleau, France. He has close to 30 years of extensive and rich global experience in the areas of Strategic Business Planning, Financial Accounting and Reporting, Taxation, Treasury, Investor Relations and Mergers & Acquisitions. Previously, he has served in several finance leadership roles in Larsen & Toubro Infotech Ltd., L&T Power, Greaves Cotton Limited and Tata Group Companies – Tata Steel Limited, Tata Inc. (USA), and Tata Chemicals Limited. He has been a recipient of several prestigious awards such as CFO Award for Large Enterprises from Financial Express in 2018 and winner of ICAI - CFO of the Year for Information Technology Sector for year 2016. He was also recognized as one of the Best CFO for Technology / IT Services & Software Sector for the last two consecutive years in the institutional Investor’s 2020 and 2021 All- Asia Executive Team Survey by the Sell Side category.
"It’ s an absolute honor and privilege to be a part of Titan, a company I have long admired for evoking trust and transforming consumer retail experience in India. I am looking forward to working with the team here on executing its strategic growth plans in India as well as in select international markets. Its philosophy of creating value for all its stakeholders will remain central in all our endeavours''.