Mahindra Holidays & Resorts India Limited has informed the Exchange regarding Appointment of Rajiv Vimal as Chief Financial Officer of the company w.e.f. 1st July 2026.
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The Board of Directors has accepted the resignation of Mr. Vimal Agarwal as CFO and Key Managerial Personnel (KMP) effective close of business on 30th June 2026, citing his transition to a new role within the Mahindra Group. Simultaneously, Mr. Rajiv Vimal has been appointed as the new CFO and KMP effective 1st July 2026. Rajiv Vimal is a Chartered Accountant with over two decades of experience, currently serving as CFO of PPG Asian Paints Private Limited, a joint venture between PPG Industries and Asian Paints. He previously spent over 13 years in senior finance leadership roles at Vodafone, including as Head of Finance for the MPCG Circle. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Audit Committee.
This represents a routine CFO transition within the Mahindra Group, with minimal disruption as the outgoing and incoming CFOs have overlapping transition periods. The new appointee brings strong credentials from large multinational companies, which could bring fresh perspective to financial strategy.