Global Tier 1 automotive component major Varroc Engineering has announced the appointment of K Mahendra Kumar as the Group’s Chief Financial Officer today. He joins Varroc Group from Tube Investments of India where he was an Executive Vice President and Chief Financial Officer for over five years.

K Mahendra Kumar is a qualified Chartered Accountant from the Institute of Chartered Accountants of India, Cost Accountant from The Institute of Cost Accountants of India and a Management Accountant from the Certified Institute of Management Accountants (CIMA), UK. He started his career with Southern Petrochemical Industries Corporation Ltd and subsequently, worked with Ford India Private Ltd and Vestas India Ltd and worked as Finance Director (India) a Kone Elevator India Private Ltd., Chennai. His last assignment was as an Executive Vice President and Chief Financial Officer of Tube Investments of India.

Speaking about the appointment, Tarang Jain, Managing Director and Chairman, Varroc Engineering, said, “We are pleased to welcome Mahendra to the Varroc family. His proven expertise in leadership, risk management, digital transformation, cost reduction, long-term strategies, debt reduction, stakeholder wealth creation, profitability improvement and M&A amongst others will further enhance the resilience of the continued operations of Varroc. His extensive experience and knowledge of various industries will certainly be beneficial for Varroc. 

“I am extremely delighted to be a part of the Varroc. The opportunity before the company is exciting and I’m looking forward to collaborating with the team,” said K Mahendra Kumar.