The Board of Directors of Mahindra and Mahindra Financial Services Limited announced Raul Rebello as the MD & CEO designate for the company. Raul will take over as MD & CEO when Ramesh Iyer retires, on 29 April 2024. Raul, aged 45 years, joined the company on 1 September 2021 as the Chief Operating Officer of the Company.

Over the past 17 months, Raul has capably led the growth and transformation journey in MMFSL, demonstrating strong leadership. Raul has deep experience in rural banking, across assets and liabilities. Through his career, he has a demonstrated track record of accelerating growth in large businesses and incubating ideas for the future.

Raul represents a strong combination of business leadership and social commitment, which aligns with the Mahindra Group's core purpose of Rise. He is personally passionate about impacting livelihoods of the low-income community and agrarian households. A Post Graduate in Management from Goa Institute of Management, Raul is an active member on various industry and trade association bodies.