Credit rating agency CARE Ratings Limited announced the resignation of Ajay Mahajan as Managing Director and Chief Executive Officer of the company, with effect from May 31, 2022. Mehul Pandya, Executive Director – Business Development, will be appointed as interim CEO, with effect from June 1, 2022.
According to the company’s exchange filing, “we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. April 26, 2022, considered and accepted the resignation of Mr. Ajay Mahajan (DIN: 05108777) as the Managing Director and Chief Executive Officer of the Company due to personal reasons.”
Started in 1993, Credit Analysis & Research Ltd (CARE) provides various credit ratings that help corporates to raise capital for their various requirements and assist the investors to form informed investments decision based on the credit risk and their own risk-return expectations. Credit Analysis & Research Ltd (CARE Ratings) is a full service rating company that offers a wide range of rating and grading services across sectors. The company is recognized by Securities and Exchange Board of India (Sebi) Government of India (GoI) and Reserve Bank of India (RBI) etc.
