Mahindra Holidays & Resorts Appoints Rajiv Vimal as New Chief Financial Officer
Mahindra Holidays & Resorts India Limited announced significant changes to its senior leadership, confirming the resignation of Mr. Vimal Agarwal as Chief Financial Officer (CFO) and the appointment of Mr. Rajiv Vimal to the same position. The company's Board of Directors noted and approved these changes during a meeting held on May 5, 2026.Mr. Vimal Agarwal tendered his resignation from the post of CFO and Key Managerial Personnel. His departure is effective from the close of business hours on June 30, 2026, due to his transition to a new role within the Mahindra Group.
In a replacement move, the Board of Directors has approved the appointment of Mr. Rajiv Vimal as the new Chief Financial Officer and Key Managerial Personnel. His tenure is scheduled to commence on July 1, 2026.
The appointment of Mr. Vimal is based on the recommendations of both the Nomination and Remuneration Committee and the Audit Committee.
Key Appointments and Departures Summary
The transition details have been outlined as follows:| Event | Departing CFO | Appointed CFO |
|---|---|---|
| Name | Mr. Vimal Agarwal | Mr. Rajiv Vimal |
| Reason for Change | Transition to a new role within the Mahindra Group | Board approved based on Committee recommendations |
| Date of Cessation/Appointment | Close of business hours on June 30, 2026 | Effective July 1, 2026 |
| Profile | Not Applicable | Rajiv Vimal is an accomplished finance leader with over two decades of experience across strategic finance, governance, performance management, and large-scale operations in manufacturing and services sectors. He currently serves as Chief Financial Officer of PPG Asian Paints Private Limited, a joint venture between PPG Industries and Asian Paints. Previously, he spent over 13 years with Vodafone, holding senior finance leadership roles across circles and regions, including as Head of Finance for the MPCG Circle. He is a Chartered Accountant and a Commerce graduate from St. Xavier's College, Kolkata. |
Mahindra Holidays & Resorts India Limited confirmed that the appointment of Mr. Rajiv Vimal ensures strong continuity in the company's financial leadership.
MHRIL Stock Price Movement
As of 9:40 AM, shares of Mahindra Holidays & Resorts India Limited are slipping by 0.68% in live trading, currently trading at ₹240.49. The stock is seeing consistent flow with 22,086 shares traded to date in the live market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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