Management Change5 May 2026, 09:10 am
Mahindra Holidays: CFO Vimal Agarwal Resigns, Rajiv Vimal Appointed
AI Summary
Mahindra Holidays & Resorts India Ltd. announced the resignation of Mr. Vimal Agarwal as Chief Financial Officer (CFO) and Key Managerial Personnel, effective June 30, 2026, due to a transition within the Mahindra Group. The Board of Directors has appointed Mr. Rajiv Vimal as the new CFO and Key Managerial Personnel, effective July 1, 2026, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Rajiv Vimal currently serves as CFO of PPG Asian Paints Private Limited.
Key Highlights
- Vimal Agarwal resigns as CFO of Mahindra Holidays, effective June 30, 2026.
- Rajiv Vimal appointed as the new CFO, effective July 1, 2026.
- Rajiv Vimal is currently CFO of PPG Asian Paints Private Limited.
- The appointments were based on the recommendation of the Nomination and Remuneration Committee.
- Vimal Agarwal is transitioning to a new role within the Mahindra Group.
Price Impact
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