Tech Mahindra Appoints Tarun Bajaj & Neelam Dhawan as Independent Directors
The shareholders of Tech Mahindra Limited have approved the appointment of Tarun Bajaj and Neelam Dhawan as Independent Directors for five years, with effect from July 26, 2024.
The Board has approved the appointment of Amarjyoti Barua as Non-Executive Director of the company. Lastly, the Board approved the reappointments of Shikha Sharma, Haigreve Khaitan, and Dr. Mukti Khaire as Independent Directors of the company for five years from August 1, 2024.
Tarun Bajaj has spent more than 34 years as a civil servant in the Indian Administrative Service. He was the Revenue Secretary of the Government of India. Bajaj played a key role in the stabilisation of the Goods and Services Tax (GST). He has served as the Joint Secretary in the Department of Financial Services. He has also served as the MD of a few public-sector companies. He served as a Director on the Central Board of the Reserve Bank of India (RBI) and SEBI. He has served as Governor of India for the International Fund for Agriculture Development and as Alternate Governor of India for the World Bank, Asian Development Bank, Asian Infrastructure Investment Bank, and New Development Bank. He has earlier served on the Boards of the Small Industries Development Bank of India (SIDBI). He has a bachelor’s degree in commerce from Shri Ram College of Commerce, Delhi University; a postgraduate diploma in management (MBA) from IIM Ahmedabad; and a postgraduate degree (M.Sc.) from the London School of Economics and Political Science. He is also a CFA from the Institute of Chartered Financial Analysts of India. He currently serves as Director on the Boards of eminent publicly listed companies.
Neelam Dhawan held various senior positions, including that of MD, across HCL, IBM, Microsoft, and Hewlett-Packard. Currently, she is a Non-Executive Director at ICICI Bank, Capita PLC, Fractal Analytics and Yatra Online Inc. She is also the Chairperson of Capillary Technologies. She is on the Governing Board of IIT, Delhi. She also advises and mentors various organisations on business transformation. She has been on the Supervisory Board of Royal Philips, Netherlands, and the Head of the IBM India Advisory Board. Over several years, leading business journals such as Fortune, Forbes and Business Today have recognised her as one of the most powerful women in business. She was on the NASSCOM Executive Council. She is an economics graduate from St. Stephen’s College, Delhi University. She also has an MBA degree from the Faculty of Management Studies, University of Delhi, India.
Amarjyoti Barua is the Chief Financial Officer (CFO) of Mahindra & Mahindra Limited and is designated as the “Group Chief Financial Officer.” Barua has more than 25 years of experience, and prior to joining M&M, he was the Finance Leader for the Oilfield Services & Equipment (OFSE) segment of Baker Hughes. Prior to Baker Hughes, he held multiple roles at General Electric Co. (GE) over the course of 18 years. He was CFO for GE’s power conversion business. He was also the CFO for GE Mining, the Financial Planning and Analysis Leader for GE in India, and the Executive Audit Manager at GE’s Corporate Audit Staff. He completed the Financial Management Programme and served as the Finance Manager for GE Aircraft Engines in India before joining the Corporate Audit Staff. He holds a bachelor’s degree in economics and a master’s degree in business administration.
