Mahindra Holidays and Resorts India has announced a change in its key managerial personnel, with the Board approving the resignation of Vimal Agarwal as Chief Financial Officer (CFO) and the appointment of Rajiv Vimal as his successor.
Agarwal has resigned from his role as CFO and Key Managerial Personnel, with effect from the close of business hours on June 30, 2026, due to his transition to a new role within the Mahindra Group. The Board noted and accepted his resignation at its meeting held on May 5, 2026.
The company has appointed Rajiv Vimal as CFO and Key Managerial Personnel, effective July 1, 2026, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. He is set to join the company on June 23, 2026.
Rajiv Vimal has brought over two decades of experience in strategic finance, governance, and performance management across manufacturing and services sectors. He has been serving as CFO of PPG Asian Paints Private Limited, a joint venture between PPG Industries and Asian Paints. In his current role, he has been responsible for finance, accounting, taxation, internal audit, legal compliance, and CSR functions. Prior to this, he has spent over 13 years at Vodafone in senior finance leadership roles, including as Head of Finance for the MPCG Circle. He is a Chartered Accountant and a Commerce graduate from St. Xavier’s College, Kolkata.
“I would be stepping down from the position of the Chief Financial Officer and Key Managerial Personnel of the Company with effect from close of business hours of 30th June 2026, as on account of my transition to a new role within Mahindra Group,” Vimal Agarwal said.
“I take this opportunity to convey my sincere thanks to the Board and the management of the Company for the support extended to me during my tenure as the Chief Financial Officer of the Company. I wish the Company all the success in future,” Agarwal added.
