FOR IMMEDIATE RELEASE
CONTACT: Susan Moriarty
NEW CFO JOINS MAHINDRA USA MANAGEMENT TEAM
Hetal Shah Transfers From Mahindra South Africa
HOUSTON, TX (October 8, 2013) – Hetal Shah assumes the CFO position at Mahindra USA, the number one selling tractor brand in the world based on volume, transferring within the Mahindra Group from the South African operation where he held the same position. In his role as CFO for Mahindra South Africa, Shah was an integral part of the team responsible for leading the growth of Mahindra business from 2005-2013.
“Hetal’s financial and accounting experience in a growth environment is a great asset to Mahindra USA. During the past several years, we have experienced market growth beyond our expectations and projections indicate this pace will continue.” said Mani Iyer, President of Mahindra USA. “Mahindra Group’s philosophy of developing talent from within and providing global exposure for its employees provides for individual career development and positions the company to better compete in a global marketplace.”
While with Mahindra South Africa, Shah established all of the finance and accounting functions. He was responsible for streamlining the all of the company’s accounting, IT, regulatory compliance, and taxation processes. Shah exchanges positions with former Mahindra USA CFO Aviansh Bapat who takes on the CFO role in South Africa.
“Joining MUSA at this time of marked expansion is an important opportunity as well as a privilege,“ said Shah, CFO of Mahindra USA. “I look forward to being a part of this dynamic team guiding the vision for continued success as the fastest growing tractor manufacturer in North America.”
About Mahindra USA
Mahindra USA (MUSA) is part of the US $ 16.2 billion Mahindra Group’s Automotive and Farm Sector - the number one selling tractor company in the world, based on volumes and the only tractor manufacturer in the world to win the industry’s top two quality awards – the Deming Application Prize and the Japan Quality Medal, care of Union of Japanese Scientists and Engineers. Houston, Texas based Mahindra USA (MUSA) is a wholly owned subsidiary of Mahindra & Mahindra Ltd. and began selling tractors in the USA in 1994. MUSA has since grown rapidly due to high customer satisfaction levels and strong customer referrals. Mahindra USA has four distribution points in North America to help meet the needs of its customers and the growing demand for its products. Mahindra’s professional-grade tractors range from 22 HP – 100 HP and include the revolutionary new Max series tractors. The Mahindra Max 22 and Max 25 are the first real tractors in the sub-compact market and feature true tractor performance and capabilities. The Mahindra Max 22 and Max 25 are joined by the industry’s first mid-compact tractor, the Mahindra Max 28 XL, which has compact tractor performance and versatility in a near compact tractor size. All Mahindra Tractors are built with heavy-duty components that allow them to outperform other tractors in their class and are designed to provide consumers with the ability to push more, pull more and lift more, so they can do more, in less time. To learn more about Mahindra USA, please visit www.mahindrausa.com
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency. A USD 16.2 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defense, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries. In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category. Learn more at www.mahindra.com