The transition in leadership is scheduled for May 17, 2024, with Amarjyoti Barua, the current Executive Vice President overseeing group strategy, set to succeed Manoj Bhat as the CFO for the Mahindra Group.
Manoj Bhat, who joined M&M in April 2021 from Tech Mahindra, has served as the CFO of Tech Mahindra since 2018. In his role as Group CFO, Bhat has been instrumental in leading the group’s finance leadership team.
He worked closely with the CFOs of various group companies, focusing on governance, controllership, and capital allocation discipline across the Mahindra Group.
His impactful contributions extend to Tech Mahindra’s organic and inorganic growth initiatives. The Mahindra Group highlighted his key role in the acquisition and integration of Satyam, along with the successful initial public offering of Tech Mahindra in 2006, as mentioned in a press release.
In further leadership changes, Vimal Agarwal, the current CFO of Mahindra Lifespaces Developers Ltd (MLDL), will assume the role of CFO for MHRIL. Avinash Bapat will succeed Agarwal as the new CFO of Mahindra Lifespace Developers Ltd. (MLDL).
These strategic leadership appointments within the Mahindra Group aim to reinforce its financial and executive teams, ensuring a seamless transition for continued growth and success across its diverse business portfolio, the company said.