New CFO Joins Mahindra USA Management Team

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.”