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Sunil Sayal

Sunil Sayal

Sunil Sayal

Region CFO – India

Nokia Solutions & Networks

Sunil’s tryst with the Finance functions spans close to three decade and is finely balanced between some well-known Indian names and Global ones. He has worked in different facets of the Finance function starting with organizations like, Voltas, HCL Group, Ranbaxy Group, and Ericsson where he spent fourteen years. Currently he is the CFO for Region India at Nokia Networks. He is currently the President of the Shared Services Forum.

During his professional career he has worked not only in the various arms of the Finance function, like Taxation, Treasury, Corporate Finance, Corporate Affairs, Strategy & Planning but also in allied areas like Commercial and Procurement. He has spent the last 19 years in the Telecom Industry on the Vendor side starting from 1998 and has been a part of its evolution in India starting from its infancy to the present era.

Sunil has been a regular on various panels organized by the Financial media, Chambers of Commerce, Business Schools and Consulting firms sharing his views on topics of current interest with the industry. He was till recently the Chairman of the Finance Committee of Delhi Management Association (DMA) a position he held for five years starting from 2010. He was also on the “Direct Taxes Committee” and the “Committee for Members in Industry of the Institute of Chartered Accountants of India (ICAI) for two years as the Industry representative. He is actively associated with a well-known NGO (Seva Mandir) in Udaipur advising them on financial matters.

Thrice, during 2011, 2012 and 2014, he was selected by an eminent panel consisting of well-known Corporate personalities as one of the Top 100 Finance Professionals in the country an annual exercise organized by CFO India. The areas of recognition were Financial Control & Governance in 2011, use of Technology in Finance & Accounting in 2012 and Business Transformation in 2014.

Born in 1961, Sunil is an alumnus of SRCC, University of Delhi. He is a Fellow Member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He also holds a Bachelor’s degree in Law from the Delhi University.

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Continuing with its objective to seamlessly disseminate knowledge, Shared Services Forum released two publications on the 7th Global Shared Services Conclave 2017
7th GSS Conclave 2017 – CXO Interaction on the Imperatives for Reshaping the Transformation Strategy

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ONGC embarked upon realignment of its multi-faceted business activities through the powerful medium of IT. The IT mission was realigned ‘To develop an integrated, flexible and standardized Information Technology architecture to position ONGC towards fundamental competitive advantage’.

Key initiatives taken during BPM Implementation/ Automation: FileNet enabled, progressive payment life cycle reduction from 90 days to 53 days further reduced to 17 days in Jun’13 with >85% payment on time through VPOT (Vendor Payment on Time) program. Fully automated in-house tool was developed for revenue reporting by integration of the billing systems with the ERP Oracle R12.

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