- Manoj Bhat, the Chief Financial Officer (CFO) of Mahindra Group, has been elevated to Managing Director and Chief Executive Officer (CEO) of Mahindra Holidays & Resorts India (Club Mahindra).
- During his tenure of 15 years at Mahindra Tech, he oversaw the Finance and Secretarial functions across 160 subsidiaries and more than 90 countries.
- On 2nd February 2024 the Mahindra Group announced their intention to explore internal job rotations within various businesses.
Effective date
Manoj’s appointment is set to take place on 17th May 2024.
Leadership changes
- Manoj will be taking over Kavinder Singh’s position as CEO of Mahindra Holidays & Resorts India. The latter decided to take on the next challenge in his professional journey.
- Amarjyoti Barua, the current Executive Vice President overseeing group strategy, is set to succeed Manoj Bhat as the CFO of Mahindra Group.
Professional background
Manoj holds a Bachelor’s degree in Technology from IIT Mumbai and a Postgraduate Diploma in Management (PGDM) from IIM Bangalore.
1996-2006: Manoj commenced his professional journey at Perot Systems, which Dell subsequently acquired.
2006 – 2011: Moving forward, he joined Tech Mahindra as a Vice President.
2011 – 2013: In 2011 Manoj was promoted to Head of M&A and Corporate Planning
2013 – 2018: Soon he was appointed as Deputy CFO.
2018 – 2021: After 12 years at the company, he finally became the CFO.
2021: He became the Group CFO at Mahindra & Mahindra.
Manoj holds directorship positions in Tech Mahindra, Classic Legends, Smartshift Logistics Solutions, and Mahindra Susten.
Responsibilities over the years
- As a CFO of Tech Mahindra, he was responsible for the Finance and Secretarial functions across 160 subsidiaries and over 90 countries.
- He oversaw various functions like Finance, Corporate Planning & Development, M&A and Strategy.
- As Group CFO, he provided leadership on all aspects related to financial planning & analysis, financial reporting, business planning, tax management, fundraising, and treasury operations.
- Manoj played a key role in major events like Tech Mahindra’s IPO in 2006.
Tapping top talent for key leadership roles
In the statement released on 2nd February, Anish Shah, Group CEO & Managing Director of Mahindra & Mahindra mentioned that they have devised career paths for each leader that encompass diverse roles and experiences.
Consequently, they have witnessed increased internal job rotations across various sectors.
“Manoj brings a unique combination of leadership experiences, value creation skills, and a 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,” said Anish.
About Mahindra Holidays
Mahindra Holidays & Resorts India Ltd. (MHRIL) is a part of the Mahindra Group, a multinational conglomerate with a total worth of USD 20.7 billion.
Established in 1996, MHRIL’s primary brand, Club Mahindra, has experienced remarkable growth.
The company boasts more than 100 resorts across India and various international destinations such as Dubai, Thailand, Sweden, Spain, and the USA.
MHRIL achieved USD 1 billion market capitalisation, under Kavinder’s leadership spanning more than nine years.
Closing…
Manoj Bhat’s appointment as the Managing Director and Chief Executive Officer (CEO) of Mahindra Holidays & Resorts India marks a significant milestone in his illustrious career within the Mahindra Group.
This appointment reaffirms the trend of CFOs turning CEOs.
With a proven track record spanning over 15 years, Manoj’s strategic leadership and financial acumen will be instrumental in driving growth and value creation within the organization.
