Women of Cement

International Women’s Day is celebrated by CMA each year bringing to the fore the various roles being played by women in the Cement Industry in India, in keeping with this intent, CMA launched its initiative Women of Cement in 2022. CMA applauds and would like to highlight the women in the Cement fraternity. Women of Cement celebrates the resilience, strength and commitment of women in the Cement Industry and we call them, the Women of Cement.

International Women’s Day 2025

It is truly inspiring to witness the growing presence of women in diverse roles within the Cement Industry. This shift underscores the dedication of our Member Companies to fostering gender inclusivity and empowerment.

This year’s International Women’s Day theme, as announced by the United Nations, is For ALL women and girls: Rights. Equality. Empowerment.

This CMA film, which highlights how the CMA and our Member Companies truly embody this theme.

Meet the Women of Cement

Sagarika is a Post graduate in Political Science & also holds a Post Graduate Diploma In Personnel Management. Her total experience is over 20 years in diverse Industries,and has completed 16 years in the Cement Industry in the North East. Prior to her joining Star Cement in January 2023 she was with Dalmia Cement for 14 years & earlier 3 years with ICICI Bank. Her association with the Cement Industry of NE India since last many years have strengthened her expertise and attitudes required for overcoming Challenges faced in creating a strong Corporate Identity for Cement Industry in this region. Throughout this interesting and adventurous journey, her focus has been to maintain strong connections with various stakeholders -within & outside, guiding the operations within Legal & Regulatory frameworks. Risk mitigation through strategic thinking, effective communication & swift action has been her hallmark for success. In the last two years with Star Cement, she has played a vital role in accelerating the organization’s pace of expansion with new green field projects. With required timely support of corporate affairs along with Her committed support to the cross functional teams, she has ensured delivery on time with quality.

For the past 20 years, Mrs. Maniung Pde, a Deputy Manager in the Instrumentation Department, has been working for Plant DCS & Automation, Field Instruments pertaining to the RAW MILL, PYRO SECTION, and COAL MILL section, as well as ISO paperwork, calibration documents, and report documentation work. I have completed my B.E. Electronics & communication from GBPEC Pauri Garhwal, Uttarkhand.

Ms. Shardha Agarwal is a seasoned governance professional with over 18 years of post-qualification experience in secretarial practices, statutory compliances, and corporate governance. A Fellow Member of the Institute of Company Secretaries of India (ICSI), she also holds a Bachelor’s degree in Commerce and a Post Graduate Diploma in Business Management (Finance) from the Institute of Management Technology, Ghaziabad. Since joining the M.P. Birla Group in October 2006 as a Management Trainee at Birla Corporation Limited (BCL), she has steadily risen through the ranks. She currently serves as the Assistant Vice President & Company Secretary of RCCPL Private Limited—a material subsidiary of BCL—where she is designated as a Key Managerial Personnel. In her current role, Ms. Agarwal oversees all secretarial functions across BCL and its subsidiary companies. Her responsibilities encompass a wide array of corporate law and statutory compliances, including adherence to the Companies Act, 2013, SEBI regulations, Secretarial Standards, and stock exchange requirements. She plays a key role in ensuring timely and compliant board processes, including the preparation of agendas, facilitation of board, committee, and general meetings. Ms. Agarwal also serves as the Presiding Officer of the Internal Complaints Committee for the Prevention of Sexual Harassment of Women at the Workplace, underscoring her commitment to fostering a safe and inclusive work environment. Recognized for her leadership, professional ethics, and deep domain expertise, she was awarded a Letter of Appreciation by the Managing Director of the company. Ms. Agarwal is highly regarded for her strategic contribution to corporate governance and her unwavering commitment to regulatory excellence.

Manisha Mehta brings with her a distinguished career spanning over 19 years post-qualification, having earned her CA designation in 2003 and CPA in 2008. Over the years, she has cultivated deep expertise in Financial Operations, Planning & Analysis, Budgeting, Process Management, Capex Management and Governance, Auditing, and Systems. She holds pivotal responsibilities as Treasurer of the School Management Committee, Authorizer at MP Birla Hospital, and Trustee of the PF Trust. Her multifaceted experience reflects a strong commitment to excellence and leadership across various financial domains. In the sphere of profitability enhancement and business process improvement, Manisha’s work has been characterized by a consistent focus on driving financial efficiency and governance. Decision support, P&L forecasting, MIS, and analytical insights have been effectively delivered under her leadership. She has collaborated extensively with cross-functional teams to identify and implement cost optimization initiatives, directly enhancing business performance. Through detailed business analysis, benchmarking, and thorough examination of costs and payback metrics, she has ensured that timely and strategic insights are made available to leadership teams, supporting sound decision-making.

Ms. Sneha Boghani is a seasoned Chartered Accountant with over 15 years of experience in strategic and financial roles at Birla Corporation Limited, the flagship company of the M.P. Birla Group—one of India’s leading cement manufacturers with a capacity of 20 million tons and a turnover of Rs10,000 crores. Throughout her tenure, Ms. Boghani has played a pivotal role in shaping the company’s long-term growth trajectory. She was instrumental in formulating and executing the strategy that enabled the organization to double its production capacity from 10 million tons in 2016 to 20 million tons by 2022 through a judicious mix of organic and inorganic expansion. She is currently involved in steering the second phase of expansion. Her expertise in acquisition and project appraisal has been demonstrated through her key contributions to acquisition funding—securing sanction letters from leading banks for term loans and bonds aggregating to Rs7,300 crores in support of the Lafarge acquisition bid, far exceeding the actual requirement of Rs3,450 crores. Her adept handling of debt management, including long-term borrowings and working capital arrangements, has ensured competitive borrowing rates. Notably, she successfully negotiated a landmark loan deal with a leading bank in Eastern India and significantly reduced the company’s borrowing cost by aligning financing to external benchmarks. Despite a transformational shift in the company’s financial profile post the RCCPL acquisition—from a net debt-free position with Rs1,700 crores in treasury to an indebted state of over Rs4,000 crores—Ms. Boghani ensured that the Company maintained an ‘AA’ credit rating from all major rating agencies including CRISIL, ICRA, and CARE. Additionally, under her financial stewardship, the acquired entity’s credit rating was elevated from BBB+ to AA- within just two years. Ms. Boghani’s portfolio also includes robust treasury operations, keeping a vigilant eye on economic indicators, foreign exchange markets, currency risk management, and macroeconomic developments. She has led the management of a treasury portfolio worth thousands of crores with a spotless record—ensuring zero exposure to defaulting companies or mutual fund schemes. Her commitment to leveraging technology in finance is evident through the successful integration of SAP, automation of bank reconciliation statements, implementation of a Centralised Bill Processing System via banks, and streamlined online banking operations including forex transactions, Letters of Credit, and Bank Guarantees. Ms. Boghani exemplifies financial leadership grounded in strategic foresight, risk management, and operational excellence.

Deepika Jain is a certified Chartered Accountant and has been an integral part of Shree Cement Ltd from almost two decades of experience. She has been contributing across various departments including Accounts, Internal Projects, Taxation, Insurance, and currently leading Inventory Management. Deepika leads central stores for the organization and is responsible for strategic inventory management and operational excellence.