Mahindra Group Names Amarjyoti Barua As Group CFO

On Friday, Mahindra Group announced the appointment of Amarjyoti Barua as its Group Chief Financial Officer, effective May 17, 2024.

In a statement, the company stated, “He will succeed Manoj Bhatt as Managing Director and CEO of Mahindra Holidays & Resorts India Ltd (MHRIL), who succeeded Kavinder Singh”.

According to Mahindra Group, the change of guard at MHRIL follows Singh’s resignation.

The appointments of Barua and Bhatt are effective from May 17, 2024. Barua currently serves as Executive Vice President for Group Strategy.

Group CEO and Managing Director of M&M, Anish Shah, stated, “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”.

“The company also said that Vimal Agarwal, CFO of Mahindra Lifespaces Developers Ltd (MLDL), will move as CFO for MHRIL. Avinash Bapat will replace Agarwal as CFO of MLDL”, the statement reads.

Barua joined the company in May of last year as Executive Vice President – Group Strategy. He spent nearly six years at Baker Hughes before joining Mahindra Group.

As per the statement, Bhatt has worked with M&M Ltd and Tech Mahindra.

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