Mahindra Group appoints Amarjyoti Barua as group CFO

Mahindra Group has appointed Amarjyoti Barua as its group chief financial officer with effect from May 17 this year.

He will be replacing Manoj Bhatt, who is appointed as the managing director and CEO of Mahindra Holidays & Resorts India Ltd, succeeding Kavinder Singh, the company said in a statement.

The change of guard at Mahindra Holidays comes following Singh's resignation, according to Mahindra Group.

Appointments of Barua and Bhatt are effective from May 17. Currently, Barua is serving as the executive vice president for group strategy.

Barua joined the group in May last year. Before joining Mahindra Group, he was with Baker Hughes for over six years. Bhatt has worked with M&M Ltd and Tech Mahindra.

"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 programmes, we have mapped career paths for each leader, which include experience across multiple roles," said Anish Shah, Group CEO and Managing Director of M&M.

Vimal Agarwal, CFO of Mahindra Lifespaces Developers Ltd, will move as CFO for Mahindra Holidays & Resorts. Avinash Bapat will replace Agarwal as the CFO of Mahindra Lifespaces.