Mahindra and Mahindra Financial Services has named Dr. Anish Shah as Chairman of the board, effective from 2nd April, 2021.
Dr. Shah is currently Director of the company and the Deputy Managing Director and group CFO of Mahindra and Mahindra Limited (M&M) and is designated to take over as MD & CEO of M&M Limited from 2nd April, 2021. Shah takes over from Dhananjay Mungale.
Commenting on the development, Shah said, “We have been fortunate to have Dhananjay, a veteran of financial markets, steer the Company through numerous challenges that tested even the strongest of NBFC models during these past few years.”
Mungale said, “I am very happy to pass the baton to Dr. Shah. His experience with GE Capital and at the helm of the Mahindra Group, will be of immense value to the Company. I believe that under his leadership MMFSL will rise to even greater heights.”
Mungale will continue to be an Independent Director on the Board of Mahindra and Mahindra Financial Services.
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