M&M’s Bharat Doshi to move to a non-executive role in November

Mumbai, May 30, 2013: After a distinguished career spanning 40 years in the Mahindra Group, Bharat Doshi, executive director and Group CFO, is to move from an executive to a non-executive role in the Group at the conclusion of the Board meeting scheduled in November 2013. However, he will continue as a Non-Executive Director on the Board of Mahindra & Mahindra Ltd.

He will also continue as the chairman of Mahindra Finance and Mahindra Intertrade, in addition to retaining the Board directorship of various Mahindra Group Companies and his role as a Trustee on the Boards of Foundations and Trusts in the Group.

Chairman Emeritus, Keshub Mahindra said: “Bharat Doshi joined us nearly 40 years ago and in his journey in the corporate world earned many accolades. As Group CFO, he set the highest standards of performance, integrity, ethics and values.”

Anand Mahindra, chairman and managing director of the Mahindra Group, said: “Bharat has been an integral part of the Mahindra saga and a solid pillar of the Group for the past four decades. Not only has he played a critical role in laying the foundation of the Group’s transformation into a widely diversified and financially strong federation of businesses, he was also a major player and a prime mover in the creation and subsequent exponential growth of Mahindra Finance and its associated businesses. He is highly respected both within and outside the Mahindra Group and represents all that is best in the Mahindra Group.”