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Mahindra Group announces Manoj Bhat as MD & CEO of MHRIL and Amarjyoti Barua as group CFO, signaling key leadership changes and talent development.

Mahindra and Mahindra (M&M) announced a leadership reshuffle, appointing Amarjyoti Barua as the Group Chief Financial Officer of M&Ms Finance Organisation. This move follows the resignation of Manoj Bhat, who is set to become MD & CEO of Mahindra Holidays Resorts India.

Mahindra Group has announced key leadership appointments across its businesses. Manoj Bhat, the group's chief financial officer, has been named as the managing director and CEO of Mahindra Holidays & Resorts India Ltd (MHRIL) starting from May 17, 2024. This move is part of Mahindra Group's talent development and retention strategy.

Manoj Bhat, the CFO of the group has been appointed as the managing director (MD) and chief executive officer (CEO) of Mahindra Holidays Resorts India Limited (MHRIL)

Amarjyoti Barua, a strong finance leader with international experience, joins Mahindra Group as CFO. He will continue the capital allocation strategies implemented by outgoing CFO Manoj Bhat and drive exponential growth. Bhat has been made CEO of Mahindra Holidays which Mahindra Group aims to make a key player in the tourism industry and grow its resorts at least 3X. The budget presented by the government focuses on long-term economic growth. The private sector is expected to step up its capex as the government reduces its commitment.