Vimal will also be part of the company’s Senior Management Personnel.
Agarwal currently serves as Chief Financial Officer of Mahindra Holidays & Resorts India Ltd. He will succeed K N Vaidyanathan, Executive Vice-President & Group Chief Internal Auditor of Mahindra Group, who will retire on June 30, 2026, after a distinguished career spanning 40 years, including more than 14 years with the Mahindra Group.
Anand G. Mahindra, Chairman, Mahindra Group, said, “I am pleased to announce the appointment of Vimal Agarwal as Group Chief Internal Auditor. Vimal brings 25 years of experience across finance, governance and business strategy, and is recognised for strengthening governance frameworks, enhancing internal controls and enabling Boards and leadership teams in shaping and executing growth strategies. I sincerely thank Vaidy for his valuable contributions to the group and wish him a wonderful retirement.”
Vimal Agarwal is a Chartered Accountant and MBA with 25 years of experience across finance, governance, and business strategy in multinational corporations and listed Indian companies. He is known for strengthening governance structures, improving internal controls, and supporting leadership teams in executing growth strategies.
During his time at PepsiCo India, Agarwal held several leadership roles where he managed financial operations, planning and analytics, and supply chain finance. He also played a key role in implementing strong governance and internal control practices across the business.
After joining Mahindra Lifespaces as CFO, he worked closely with business leaders to scale sales and increase market capitalisation. He also led fundraising initiatives, digital transformation projects, and private equity joint ventures.
Over the last 2 years as CFO of Mahindra Holidays & Resorts India Ltd., Agarwal has supported the company’s broader growth strategy while contributing through his expertise in financial planning, investor relations, and performance optimisation.
With this appointment, Mahindra Group continues to strengthen its leadership framework and governance capabilities across the organization.
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