Tech Mahindra appoints Milind Kulkarni as CFO | business | Hindustan Times
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Tech Mahindra appoints Milind Kulkarni as CFO

business Updated: Jun 14, 2013 21:08 IST

IT services firm Tech Mahindra on Friday appointed Milind Kulkarni as the Chief Financial Officer (CFO) replacing Sonjoy Anand, who decided to pursue opportunities internationally.

The firm also announced the appointment of Manoj Bhat as the Deputy Chief Financial Officer.

Milind Kulkarni has been Senior Vice President, Finance till now and will take charge as the new CFO with immediate effect, the firm said in a BSE filing.

Manoj Bhat, who is leading Corporate Planning (including Mergers and Acquisitions) and Investor Relations portfolio, will take up the additional responsibility of Deputy CFO, the statement added.

"I would like to thank Sonjoy, who has been a key member of the Management Team for the last 10 years, for his immense contribution in taking Tech Mahindra to where it is today. He has created a strong team and process to enable a seamless transition of responsibilities to Milind Kulkarni and Manoj Bhat," Tech Mahindra Executive Vice Chairman Vineet Nayyar said.

Anand moves on having decided to pursue opportunities internationally, the statement said.

Earlier this week, the Andhra Pradesh High Court approved the merger of Mahindra Satyam (MSat) with Tech Mahindra while dismissing the petitions of some shareholders who sought stalling of the proposal in its current form so as to safeguard their financial interest.

The court, however, said the investigations into the alleged fraud committed by Satyam Computer's former Chairman B Ramalinga Raju and others would continue.