Mahindra & Mahindra Limited has informed the Exchange regarding a press release dated August 25, 2025, titled "Mr. Avinash Rao appointed as MD & CEO of Mahindra Susten".
M&M · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mahindra & Mahindra has announced the appointment of Avinash Rao as the new Managing Director & CEO of its subsidiary Mahindra Susten, effective September 24, 2025. Mahindra Susten is the group's cleantech arm and a leading independent power producer with over 1.6 GW of commissioned renewable projects and a pipeline of nearly 3.6 GW across solar, wind, hybrid, and commercial & industrial (C&I) solutions. Avinash brings nearly three decades of experience in conventional energy, power transmission, and renewables, and was most recently CEO of Sustainable Energy Infra Investment Managers, which runs India's largest pure-play renewable energy InvIT listed on the NSE. Existing long-term investor Ontario Teachers' Pension Plan welcomed the appointment, signaling continued confidence in Susten's growth trajectory.
This is a leadership continuity move at a key renewable energy subsidiary and is unlikely to move the parent stock sharply on its own. However, Susten's aggressive growth plans in solar, wind, storage, and C&I solutions under new leadership reinforce M&M's long-term clean energy strategy, which is a positive signal for ESG-focused investors.