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India: Mahindra Group appoints Manoj Bhat as Managing Director

Mahindra Group has appointed Manoj Bhat, the former Group Chief Financial Officer, as the Managing Director and CEO of MHRIL, effective May 17, 2024.

Manoj Bhat, who assumed the role of President & Group Chief Financial Officer in April 2021 at M&M Ltd., previously served as the CFO at Tech Mahindra since 2018. In his capacity as Group CFO, Manoj effectively led the finance leadership team, collaborating closely with CFOs of various Group companies.

He prioritized governance, controllership, and capital allocation discipline across the entire group. Manoj has played a pivotal role in steering Tech Mahindra’s organic and inorganic growth endeavors, including the acquisition and integration of Satyam and the company’s initial public offering in 2006.

The Dr. Anish Shah, Group CEO & Managing Director, M&M, said, “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. 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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