MUMBAI: The Mahindra Group has recently revealed significant leadership transitions with Assam's Amarjyoti Barua set to take over as the Chief Financial Officer (CFO) on May 17.
Barua, currently serving as the executive vice president in charge of group strategy, joined the company in May last year.
Barua will replace Manoj Bhatt. Bhatt is now being appointed as the managing director and CEO of Mahindra Holidays & Resorts India Ltd (MHRIL) succeeding Kavinder Singh, the company said in a statement.
Earlier, Barua's role involved leading the group strategy office, working closely with the overall portfolio of businesses at Mahindra. Before joining Mahindra Group, Barua spent over six years with Baker Hughes, where he served as Finance Leader for the Oilfield Services & Equipment (OFSE) segment. Before that, Barua held multiple roles at General Electric Co. (GE) over the course of 18 years.
Barua was the Chief Financial Officer (CFO) for GE’s Power Conversion business. He was the CFO for GE Mining, Financial Planning & Analysis Leader for GE in India and Executive Audit Manager at GE’s corporate audit staff. In his early years with GE, Barua completed the Financial Management Program and served as the finance manager for GE Aircraft Engines in India before joining the corporate audit staff. Amar Barua holds a bachelor’s degree in economics and a master’s degree in Business Administration (MBA).
The trillion dollar multinational automotive manufacturing corporation on February 2 unveiled significant changes across its various businesses.
Vimal Agarwal, CFO of Mahindra Lifespaces Developers Ltd (MLDL), is set to assume the role of CFO for MHRIL, effective May 1, 2024. Simultaneously, Avinash Bapat will step into the position of CFO for MLDL.
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