LTIMindtree Appoints Vipul Chandra as Chief Financial Officer

0
58
LTIMindtree Appoints Vipul Chandra as Chief Financial Officer
LTIMindtree Appoints Vipul Chandra as Chief Financial Officer

Through his experience of 3 decades and his in-depth knowledge about L&T Group, we are sure he would lead the finance function of LTIMindtree ably, says A.M. Naik, the company’s Chairman.

Mumbai, India, March 7, 2024: LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced today that its Board of Directors has appointed Vipul Chandra as the Chief Financial Officer (“CFO”) of the company with effect from April 25, 2024. Vinit Teredesai, who has been CFO since June 2020, has decided to pursue his professional interests outside the company. Vinit will continue to serve as CFO until April 24, 2024.

The Board of Directors places on record their deep appreciation for Vinit’s contribution to the company during his tenure. Joining the erstwhile Mindtree during the pandemic, Vinit played a key role in the profitable growth journey of the organization by establishing strong financial controls and governance. He also significantly contributed to the successful merger of LTI and Mindtree and continued to serve as CFO after the merger.

Vipul has a distinguished career spanning nearly three decades in financial markets, risk management, banking operations, and Treasury management. Since joining L&T in October 2013 as the Head of Treasury in Corporate Finance, he has been instrumental in leading the efforts of the company in capital structuring and allocation, resource mobilization, working capital, and financial risk management across the group. Vipul has also significantly contributed to the execution of several strategic financial transactions, such as IPOs, OFS, share buybacks, and business portfolio divestments.

Prior to joining L&T, he worked with Citibank in India as Managing Director, Head of Corporate Sales, and Structuring in the Global Markets business. He is an engineer with a specialization in electronics and communication from Delhi College of Engineering and is also a post-graduate (diploma in management) from IIM Calcutta.

Commenting on the appointment, A.M. Naik, Chairman, LTIMindtree, said, “Leadership planning is one of the key focus areas of L&T Group. Through career progression mapping, we ensure that key talent gets experience in multiple roles within the system. Vipul Chandra has been in various senior roles within the organization for more than a decade. Through his experience of 3 decades and his in-depth knowledge about L&T Group, we are sure he would lead the finance function of LTIMindtree ably. I would also like to appreciate the work done by Vinit Teredesai and wish him well for his future endeavors”.

Debashis Chatterjee, CEO & MD, LTIMindtree, said, “I would like to welcome Vipul to LTIMindtree, and I am sure that his long association with the L&T Group would provide immense value to LTIMindtree. I would also like to thank Vinit for his contribution to the success of the organization and wish him the very best for the future.”

Also readThe Road Ahead: Predictions for the Future Evolution of Artificial Intelligence

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter 

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.