leadership-banner
Sonal Agarwal Bali
Managing Director - CFO Advisory

The impact of finance leadership lies in enabling growth with discipline, clarity, and governance

leader-icon
Extensive leadership across global corporates and high-growth startups
leader-icon
Trusted finance partner driving scale, governance, and investor confidence
leader-icon
Recognised as Emerging Startup CFO of the Year at #CFOConfex2023 and Roll of Honour for Capital Management in 15th Annual CFO100 Awards
Journey & Career Highlights

With over 25 years of experience as a Chartered Accountant and CFO, Sonal brings deep expertise across financial strategy, compliance, fundraising, M&A, capital structuring, and enterprise transformation. She has successfully led multiple fundraising rounds, managed complex due diligence processes, and built resilient finance, control, and governance frameworks across geographies by supporting both board & founder led businesses.

Her career journey spans from foundational roles to leadership positions at renowned organizations such as PepsiCo, Fujifilm, SREI Group, and Genascis, along with pivotal roles in early-stage core teams at Spice Hotspot, OYO Rooms, and Intello Labs where she supported businesses from inception through rapid scale-up and institutional maturity.

In addition to her corporate leadership roles, Sonal has founded and led a consulting practice advising startups on finance, compliance, fundraising, and legal structuring. She has also held mentor and advisory roles within the startup incubation platforms.

At Pierag Consulting, she plays a critical role in strengthening how the firm partners with its clients, with a sharp focus on building robust Accounting Advisory capabilities and shaping the firm’s CFO Advisory offerings.

Leadership & Impact
impact-icon
Leads end-to-end financial controllership with a strong focus on governance, controls, and strategic guidance
impact-icon
Builds financial processes and enables digital transformation for transparent and real time decision making
impact-icon
Partners with leadership on business strategy, financial modelling, and operating plans
impact-icon
Provides financial analysis, strategic insights, and compliance guidance to support informed decision-making as a board member of several listed entities
impact-icon
Advisor and mentor with strong financial and business acumen, specializing in strategic advisory for startups
Interests & Personality

Known for her hands-on, problem-solving approach and strong mentoring outlook, Sonal combines strategic thinking with operational execution. She is an active advisor and mentor to startups, incubators, and academic institutions, and regularly engages as a guest speaker and panel member at leading leadership forums and management institutes. Her leadership style emphasises coaching, collaboration, discipline, and long-term value creation.

{01}
Qualifications & Certifications
  • Chartered Accountant (ICAI, India)
  • Bachelor of Commerce
  • Certified Independent Director from the Indian Institute of Corporate Affairs
{02}
Expertise
  • Financial Strategy & Controllership
  • Fundraising, Investor Relations & Due Diligence
  • Business Planning, AOP & Financial Modelling
  • Governance, Compliance & Risk Management
  • Mergers & Acquisitions
{03}
Industry Focus
  • Technology & SAAS
  • Hospitality & Consumer Services
  • Financial Services & Investments
  • Edtech & Agritech
  • Retail
  • Business Process Managment