Mahindra & Mahindra Appoints Manoj Bhat As Group CFO
Customers check vehicle at a Mahindra dealership in Faridabad. (Photographer : Nishant Sharma/BloombergQuint)

Mahindra & Mahindra Appoints Manoj Bhat As Group CFO

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Mahindra & Mahindra Ltd. announced the appointment of Manoj Bhat as the group chief financial officer with effect from April 2, 2021.

Current Deputy Managing Director and Group CFO Anish Shah is slated to take over as managing director and chief executive officer from April 2, 2021, replacing the incumbent Pawan Goenka who will retire.

Bhat, who moves to the Mahindra Group from Tech Mahindra Ltd. where he has been the CFO since June 2018, will report to Shah and will be a part of the Group Corporate Office Leadership Team, M&M said in a statement.

Also read: M&M Q3 Results: Less-Than-Expected Profit On Exceptional Item, Uncertainty On SsangYong Sale

Commenting on the appointment, Shah said: "Manoj is a proven global CFO with a track record of delivering results and creating value. He brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities. "

Bhat played a key role in Tech Mahindra's organic and non-organic growth initiatives, including being a part of the acquisition and integration of Mahindra Satyam and the initial public offering of Tech Mahindra in 2006.

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