Mahindra Holidays Appoints Rajiv Vimal as New CFO, Vimal Agarwal Departs

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AuthorKavya Nair|Published at:
Mahindra Holidays Appoints Rajiv Vimal as New CFO, Vimal Agarwal Departs
Overview

Mahindra Holidays & Resorts India Ltd. is set to see a change in its top finance leadership. CFO Vimal Agarwal will resign on June 30, 2026, to take another role within the Mahindra Group. Rajiv Vimal, former CFO of PPG Asian Paints, has been appointed as the new CFO, effective July 1, 2026.

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Key Finance Leadership Change at Mahindra Holidays & Resorts India Ltd.

Mahindra Holidays & Resorts India Ltd. announced a significant change in its finance department. Chief Financial Officer (CFO) Vimal Agarwal will resign on June 30, 2026, to take on a new role within the broader Mahindra Group.

New CFO Appointed

Rajiv Vimal has been appointed as the new CFO and Key Managerial Personnel (KMP), with his tenure beginning on July 1, 2026. Vimal joins Mahindra Holidays from PPG Asian Paints, where he served as CFO and brings over two decades of finance and strategy experience. The board approved the appointment upon the recommendation of the Nomination and Remuneration Committee.

Transition and Outlook

This transition ensures continuity in the company's financial leadership. Agarwal's move within the Mahindra Group highlights internal mobility within the conglomerate. Investors will be watching the handover process closely, anticipating Vimal's fresh perspective from the paints and coatings industry to influence the company's financial strategy. The company will focus on Vimal's integration into its operations and strategic planning moving forward.

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