Mahindra & Mahindra has announced that VS Parthasarathy, President - Mobility Services Sector and Member of the Group Executive Board has resigned from the Group effective from April 01, 2021, to pursue personal interests. The company says that in the next phase of his career Parthasarathy desires to work as a consultant and mentor to build and scale up businesses and initiatives across businesses, education and society. Parthasarathy has dedicated over two decades of his professional career to the Indian automaker and has over three decades of experience across departments like HR, Finance, M&A, IT and international operations.
Anand Mahindra, Chairman - Mahindra & Mahindra said, "Partha is a multi-faceted personality with varied interests. He has contributed significantly to the Mahindra Group in many diverse roles. I wish him well and am confident that he will leverage his rich professional experience to continue to make a real difference and leave his mark on India Inc and Indian society. I have no doubt that Anish will steer the Mobility Services Sector and MLL to greater heights".
Dr. Anish Shah, who is the Deputy Managing Director and Group CFO at Mahindra is designated to take over as the Managing Director and CEO of the company from April 02, 2021. He will also take additional charge of overseeing the Mobility Services Sector directly. Consequent to his decision to leave the Mahindra Group, Parthasarathy will resign from the Board of Mahindra Logistics Limited (MLL) and Dr. Anish Shah will join the Board of MLL, taking over as the non-Executive Chairman of MLL effective from April 02, 2021.