The top financial chair at Sterling Tools is changing hands. Amit Dhadda takes over as Chief Financial Officer on October 27, 2026, stepping into the role immediately after Anish Agarwal’s resignation takes effect on October 26. It’s a seamless handover, but one that marks a distinct shift in the company’s financial leadership structure.
Dhadda isn’t a stranger to the boardroom. A Chartered Accountant with over 25 years in the field, he’s been with Sterling Tools for a while, serving as Vice President of Finance and Accounts. Before joining the tools major, he navigated the financial landscapes of Minda Corporation, Paytm, Price Waterhouse LLP, and Deloitte India. That mix of corporate finance and auditing experience is exactly what you want behind the spreadsheets of a company dealing in heavy industrial machinery.
So why is Agarwal leaving the CFO post? He’s clarifying that there are no material issues driving his exit. Instead, he’s transitioning to a Whole-time Director role on the board, where he’ll focus on business development and strategic growth. It’s a sensible move—keeping his industry knowledge in-house while freeing up the CFO seat for a dedicated financial officer.
For investors and industrial buyers, this stability is reassuring. Sterling Tools operates in a competitive space against global giants like Bosch and Makita. A stable financial leadership team is crucial for managing margins, especially when dealing with raw material costs and distribution networks across India. The appointment suggests the company is confident in its operational trajectory as it looks to expand its market share in the power tools segment.