Mahindra Holidays & Resorts India Limited, at its board meeting held on February 2, 2024 approved the appointment of Mr. Vimal Agarwal as the Chief Financial Officer of the Company and Key Managerial Personnel under the Companies Act, 2013 with effect from 1st May, 2024. The company also approved the cessation of office of Mr. Ram Mundra, as the Interim Chief Financial Officer and Key Managerial Personnel of the Company with effect from the close of 30th April, 2024. Mr. Ram Mundra will continue to serve the Company and shall assist Mr. Vimal Agarwal during his transition.

Mr. Vimal Agarwal (Vimal) has over 20 years of extensive experience across Financial Planning & Analysis, CAPEX & OPEX budgeting, Working Capital Management and Cost Efficiency Strategies with a strong background in Compliance and Governance, Restructuring, Fund Raising, Secretarial, legal and Investor Relations, apart from managing large teams. At Mahindra Lifespaces, Vimal has demonstrated strong Financial Acumen and Leadership and was responsible for driving revenue growth, P&L Management, Enhancing Working Capital Productivity, Increasing Shareholder Value, Strengthening Governance, Managing Investor Relations and supporting various Technology Initiatives. Vimal is a Chartered Accountant from the Institute of Chartered Accountants of India and is also an MBA from the Symbiosis Institute of Management Studies. He has previously held leadership roles at PepsiCo and Parag Milk Foods, in addition to being associated with ICI Paints, Joyco India Ltd. and Bank of America.