MAM
Hinduja Group appoints Prabal Banerji as CFO
MUMBAI: Hinduja Group India Limited (HGIL) has appointed Prabal Banerji as group president – finance and CFO with immediate effect.
Prabal Banerji will be responsible for spearheading the group’s strategic investments, media and acquisitions (M & A’s), new ventures and offer strategic financial planning advice to group companies. On behalf of the group he will interact with the financial community including analysts, fund managers and investors, according to an official release.
A professional chartered accountant, Banerji brings with him over two decades of experience in strategic financial management developed across business environments ranging from automobiles, metals, healthcare, financial services and information technology. His expertise in financial planning and his strategic skills will give momentum to the Hinduja Group’s growth plans.
He comes to the Hinduja Group from Mahindra & Mahindra Group, where he was group VP – finance & investor relations.
The group has presence in automotive, IT/ITES, media and entertainment (M&E), banking and finance, energy and chemicals and real estate.
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Kotak Mahindra Bank appoints Ramesh Iyer to board
Veteran financier replaces Ashok Gulati, who retires in March
MUMBAI: Kotak Mahindra Bank has announced a change to its board of directors, with independent director Ashok Gulati set to retire at the end of his term on 5 March.
The company said it has appointed Ramesh Ganesh Iyer as an additional and independent director for a four-year term, effective 17 February, subject to shareholder approval.
Iyer brings more than four decades of experience in financial services. He spent much of his career at Mahindra & Mahindra Financial Services, where he served as vice chairman and managing director before taking on the role of president for the financial services sector and member of the group executive board at Mahindra & Mahindra. He retired from the group in April 2024.
During his tenure, Iyer was instrumental in expanding rural and inclusive finance initiatives, scaling the company’s assets and customer base. He also led the creation of subsidiaries in rural housing finance, insurance broking and asset management, and oversaw international joint ventures.
Iyer holds a commerce degree and a doctorate of letters, and currently serves on the boards of several listed and unlisted companies.
The board meeting approving the changes was held in Mumbai on February 17 between 6.30 pm and 6.50 pm.
