TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
The Finance Story
No Result
View All Result

Mahindra Group CFO Becomes CEO of Mahindra Holidays & Resorts

Manoj Bhat has been appointed as the MD and CEO of Mahindra Holidays & Resorts India, the $1 billion subsidiary of Mahindra Group. He served as the CFO of Mahindra & Mahindra prior to this.

The Finance Story by The Finance Story
Published date: 5th February, 2024
Last edited date: 16th February, 2024
SHARE (0)
Mahindra Group CFO becomes CEO of Mahindra Holidays & Resorts India, the $1 billion subsidiary
Share on FacebookShare on Twitter
  • 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.

The Finance Story

The Finance Story

Recommended for you

UAE’s Private Sector now employs 152,000 Emiratis
Dubai

UAE’s Private Sector now employs 152,000 Emiratis

4th August, 2025 | 3 mins read
Grant Thornton U.S. acquires Latin American AI-savvy outsourcing firm
News

Grant Thornton U.S. acquires Latin American AI-savvy outsourcing firm

4th August, 2025 | 2 mins read
U.S. Accounting Firm Wipfli gets Private Equity from Grant Thornton’s backer
News

U.S. Accounting Firm Wipfli gets Private Equity from Grant Thornton’s backer

4th August, 2025 | 3 mins read
PwC Middle East gets a seat at PwC’s Global Board
Big 4

PwC Middle East gets a seat at PwC’s Global Board

4th August, 2025 | 3 mins read
UAE's influencer's now need a License to post
Dubai

UAE’s influencer’s now need a License for monetising their content

4th August, 2025 | 3 mins read
CAs retain exclusive Tax Audit rights; CMAs, CS excluded
Chartered Accountant

CAs Retain Exclusive Tax Audit Rights; CMA, CS Officially Excluded

23rd July, 2025 | 4 mins read
Next Post
Cybercriminal poses as CFO with deepfake: Finance Professional of a Hong Kong MNC scammed out of $25 Mn

CFO's Worst Nightmare: Cybercriminals pose as CFO & swindle company of $25 Million

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

Popular posts

  • KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    0 shares
    Share 0 Tweet 0
  • Big 4 firms in India: Inside Deloitte, PwC, EY & KPMG career prospects, growth and salaries

    0 shares
    Share 0 Tweet 0
  • Designations in HDFC Bank: From Joining as an Assistant Manager to climbing to the rank of Managing Director.

    80 shares
    Share 0 Tweet 0
  • Big 4 India Partners jumping from one firm to another: High alert as Partner poaching surges

    0 shares
    Share 0 Tweet 0
  • CA Firms Kirtane & Pandit, Guru & Jana, SSKM unite to build India’s Next Big Global Consulting Firm

    0 shares
    Share 0 Tweet 0
  • Hierarchy level in ICICI Bank: Thinking of joining ICICI Bank? Here’s an overview of the employee grades.

    175 shares
    Share 0 Tweet 0
  • ICAI Under Fire: Women Removed from Front Row at CA Students’ Conference Following Guest’s Demand

    0 shares
    Share 0 Tweet 0
  • EY, PwC, Deloitte surpass 3,300 Partners. EY added 1000+ new Partners

    0 shares
    Share 0 Tweet 0
  • UK firm outsourced accounting work to India but quality dropped: Now established his own offshore unit

    0 shares
    Share 0 Tweet 0
  • Deloitte India offers ‘Golden Handshake’ to senior Partners aged 55 & above. Plans to elevate young partners.

    0 shares
    Share 0 Tweet 0
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert