One of the largest and most admired multinational federation of companies, The Mahindra Group was founded in 1945 with 260,000 employees in over 100 countries. It enjoys a leadership position
in farm equipment, utility vehicles, information technology, and financial
services in India and is the world’s largest tractor company by volume. It has
a strong presence in renewable energy, agriculture, logistics, hospitality, and
real estate. The Mahindra Group has a clear focus on leading ESG globally,
enabling rural prosperity and enhancing urban living, with a goal to drive
positive change in the lives of communities and stakeholders to enable them to
Rise.
The Mahindra Group recently
announced significant leadership changes which is set to take effect in May
2024. The company announced that Kavinder Singh will be replaced as Managing
Director (MD) and Chief Executive Officer (CEO) of Mahindra Holidays &
Resorts India Ltd (MHRIL) by Manoj Bhat, the existing Group CFO. This change
occurs as a result of Singh's decision to step down as MHRIL's managing
director and CEO, effective May 16, 2024. The Group announced Amarjyoti Barua,
Executive Vice President - Group Strategy, as the new Group CFO, beginning May
17, 2024, as part of a comprehensive reorganisation of its finance leadership.
The initiative is a component of the Group's larger plan to guarantee
leadership preparedness and ongoing talent development throughout all of its
companies.
Furthermore, on May 1, 2024,
Avinash Bapat will take over as the new CFO of Mahindra Lifespaces Developers
Ltd. (MLDL), replacing Vimal Agarwal as CFO of MHRIL. "Talent development
is a key priority at the Mahindra Group, which has enabled us to attract and retain
top talent," stated Dr Anish Shah, Group CEO & Managing Director,
M&M. We have designed career pathways for each leader that incorporate
experience in various jobs, in addition to providing them with access to
top-notch development programmes. We've boosted internal employment rotations
across firms as a result." We really value Kavinder's contribution to the
Mahindra Group and MHRIL, and we hope the best for his future endeavours.
Manoj's distinctive blend of leadership expertise, value-creation abilities, and
customer-first mentality fits in perfectly with the Mahindra Group's Rise
concept. Under his direction, we look forward to MHRIL's next stage of
expansion," Shah remarked.