“Talent Development is a key priority at the Mahindra Group, which has enabled us to attract and retain top talent. In addition to world-class development programmes, we have mapped career paths for each leader, which include experience across multiple roles. As a result, we have increased internal job rotations across businesses,” said Dr. Anish Shah, Group CEO & MD, M&M.
On Friday, Mahindra Group (M&M) declared that Manoj Bhat, who presently holds the position of Group Chief Financial Officer, will take over as Managing Director and Chief Executive Officer of Mahindra Holidays & Resorts India Ltd. (MHRIL) with effect from May 17.
With effect from May 16, 2024, Bhat will succeed Kavinder Singh, who has chosen to take on the next challenge in his career. As per a release, Singh became a member of the Group Executive Board and became the MD & CEO of Mahindra Holidays & Resorts India when he joined the Mahindra Group in 2014.
With effect from May 17, Amarjyoti Barua, Executive Vice President, Group Strategy, will serve as Group CFO for the Mahindra Group’s Finance Organization.
With effect from May 1, Avinash Bapat will take over as CFO of Mahindra Lifespaces Developers Ltd. (MLDL), replacing current CFO Vimal Agarwal, who will relocate to serve as CFO for MHRIL.
Dr. Anish Shah, Group CEO & MD, M&M, said, “We truly appreciate Kavinder’s contribution to MHRIL and the Mahindra Group and wish him the very best for the journey ahead. Manoj brings a unique combination of leadership experiences, value creation skills, and a customer-first approach that aligns well with the Mahindra Group’s Rise philosophy. We look forward to MHRIL’s next phase of growth under his leadership.”
“Talent Development is a key priority at the Mahindra Group, which has enabled us to attract and retain top talent. In addition to world-class development programmes, we have mapped career paths for each leader, which include experience across multiple roles. As a result, we have increased internal job rotations across businesses,” added Dr Shah.
Bhat, President & Group CFO, left Tech Mahindra in April 2021 after serving as CFO there since 2018. He has been instrumental in both the organic and inorganic growth strategies of Tech Mahindra. He was involved in the company’s 2006 IPO and the purchase and integration of Satyam.
On May 15, 2023, Barua became Executive Vice President of Group Strategy at the Mahindra Group. He worked with Baker Hughes for more than six years, most recently in the position of Senior Vice President, Oil Field Services & Equipment, before joining M&M. He spent the previous eighteen years working for GE in a variety of international enterprises.
Established in 1945, the Mahindra Group is a prominent international conglomerate, employing over 2,60,000 people across more than 100 nations. In India, it holds a leading position in financial services, information technology, farm equipment, and utility vehicles. The statement mentioned that it is well-established in the fields of renewable energy, agriculture, logistics, hospitality, and real estate.
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