India: Amarjyoti Barua appointed Group CFO of Mahindra Group

Mahindra Group has appointed Amarjyoti Barua as the Group Chief Financial Officer, effective May 17, 2024.

He will succeed Manoj Bhatt as the Group Chief Financial Officer, as Manoj Bhatt takes on the role of Managing Director and CEO of Mahindra Holidays & Resorts India Ltd (MHRIL), following Kavinder Singh, according to a company statement.

Anish Shah, Group CEO and Managing Director of M&M, emphasized that Talent Development is a paramount focus at the Mahindra Group. This commitment has been instrumental in both attracting and retaining top talent. Alongside world-class development programs, the company has strategically designed career paths for each leader, ensuring exposure to diverse roles.

Amar Barua, who joined Mahindra in May 2023 as Executive Vice President – Group Strategy, now serves as a key member of the Group Executive Board. In his current capacity, he spearheads the Group Strategy Office, collaborating with the entire portfolio of businesses to drive both short-term and long-term growth. Before his tenure at Mahindra, Amar held the position of Finance Leader for the Oilfield Services & Equipment (OFSE) segment at Baker Hughes.

In his role as the finance leader for OFSE, Amar will take on the responsibility of collaborating with operations to drive growth and profitability within Baker Hughes’ $14 billion, 35,000+ employee segment. Before his time at Baker Hughes, Amar accumulated diverse experience over 18 years at General Electric Co. (GE). Notably, he served as the Chief Financial Officer (CFO) for GE’s Power Conversion business.

Amar Barua’s extensive experience at General Electric Co. (GE) includes serving as the CFO for GE Mining, Financial Planning & Analysis Leader for GE in India, and Executive Audit Manager at GE’s Corporate Audit Staff. In the early years of his career with GE, Amar completed the Financial Management Program and served as the finance manager for GE Aircraft Engines in India before transitioning to the Corporate Audit Staff. Amar Barua is academically qualified with a Bachelor’s degree in economics and a Master’s degree in Business Administration (MBA).