Mahindra and Mahindra Ltd (M&M) on Thursday announced a fresh rejig of its leadership team and appointed Amarjyoti Barua as the Group Chief Financial Officer of M&M’s Finance Organisation.
The appointment of Barua came after the resignation of Manoj Bhat who is set to take the role of MD & CEO of Mahindra Holidays Resorts India. Barua and Bhat are set to take charge with effect from May 17 this year.
Bhat will replace Kavinder Singh who has decided “to take on the next challenge in his professional journey.”
In addition to this, effective May 1, Vimal Agarwal, current CFO of Mahindra Lifespaces Developers Ltd. (MLDL) will move as CFO for MHRIL and will be succeeded by Avinash Bapat as CFO of Mahindra Lifespace Developers Ltd. (MLDL).
Kavinder Singh joined the Mahindra Group in 2014 as Managing Director and CEO of Mahindra Holidays & Resorts India Limited (MHRIL) and a member of the Group Executive Board.
Manoj Bhat, President & Group Chief Financial Officer, moved to M&M Ltd. in April 2021 from Tech Mahindra, where he was the CFO since 2018. “He has played a key role in Tech Mahindra’s organic and inorganic growth initiatives including being a part of the acquisition and integration of Satyam and the initial public offering of Tech Mahindra in 2006,” said the company in a press release.
Amarjyoti Barua joined the Mahindra Group on 15th May 2023 as Executive Vice President – Group Strategy. Prior to joining us, Amar was with Baker Hughes for over 6 years. In his last role as Senior Vice President – Oil Field Services & Equipment (OFSE), he led the financial and operational transformation of OFSE which has presence in 120+ countries and has $14B in revenues, according to M&M.
“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 programs, we have mapped career paths for each leader, which include experience across multiple roles,” said Anish Shah, Group CEO & Managing Director, M&M.
He said, “As a result, we have increased internal job rotations across businesses. 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 customer-first approach which aligns well with the Mahindra Group’s Rise philosophy. We look forward to MHRIL’s next phase of growth under his leadership.”
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