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Mahindra Holidays & Resorts CTO Satendra Kumar Dwivedi Resigns
K N Mishra
03/Apr/2025
What’s Covered Under the Article:
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Mahindra Holidays & Resorts India Limited announces the resignation of its CTO, Satendra Kumar Dwivedi, effective April 2, 2025.
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The resignation is due to Mr. Dwivedi’s decision to take a sabbatical to pursue long-held aspirations and personal well-being.
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The company has disclosed the resignation under SEBI regulations and updated its website with the official announcement.
Mahindra Holidays & Resorts India Limited (MHRIL), a part of the Mahindra Group and a leader in the vacation ownership business, has officially announced the resignation of its Chief Technology Officer (CTO), Satendra Kumar Dwivedi. The company disclosed this significant management change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a formal communication to the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).
Reason for Resignation
In his resignation letter dated February 28, 2025, Mr. Dwivedi stated that he has decided to take a sabbatical to pursue long-held aspirations and focus on personal well-being. He expressed gratitude towards the Board of Directors and Senior Management for their support during his tenure at Mahindra Holidays. His official last working day was April 2, 2025.
Company’s Official Statement
The company has formally acknowledged his resignation and filed an official disclosure with the stock exchanges. As per the letter submitted by Dhanraj Mulki, General Counsel & Company Secretary, MHRIL, the company has taken note of the resignation and updated its official website with the announcement.
The company’s notification reads:
"We wish to inform you that Mr. Satendra Kumar Dwivedi has tendered his resignation from the position of Chief Technology Officer of the Company and accordingly, he has ceased to be a Senior Management Personnel with effect from the close of business hours on April 2, 2025."
This disclosure is made in compliance with the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Key Details from the Official Filing:
| Details | Information |
|---|---|
| Name | Satendra Kumar Dwivedi |
| Position | Chief Technology Officer (CTO) |
| Reason for Resignation | Taking a sabbatical for personal aspirations |
| Effective Date | April 2, 2025 |
| SEBI Disclosure Requirement | Filed under Regulation 30 (Part A, Schedule III) |
Impact on Mahindra Holidays & Resorts India Limited (MHRIL)
The resignation of Satendra Kumar Dwivedi marks an important leadership change within Mahindra Holidays. As the CTO, Mr. Dwivedi played a key role in driving the company's technology strategy, digital transformation, and IT infrastructure development.
The company has not yet announced his successor but is expected to make an appointment in the coming weeks.
Industry Trends and Leadership Changes
The resignation comes at a time when the travel and hospitality sector is witnessing a major technological transformation, with digital innovations such as AI-driven customer service, automation, and data-driven analytics playing a crucial role.
Mahindra Holidays, a leader in the Indian vacation ownership segment, has been actively investing in digital platforms to enhance customer experiences and operational efficiency. Given this focus, the company may look for a CTO with expertise in digital innovation, AI integration, and IT infrastructure expansion.
What’s Next for Mahindra Holidays?
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New CTO Appointment: The company is likely to announce a new CTO soon, ensuring a smooth transition in leadership.
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Continued Focus on Digital Expansion: Mahindra Holidays will maintain its focus on digital transformation and customer-centric innovations in the hospitality sector.
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SEBI Compliance and Corporate Governance: The company has followed regulatory requirements by making the necessary disclosures to BSE and NSE, maintaining transparency with investors and stakeholders.
Conclusion
The resignation of Satendra Kumar Dwivedi as CTO of Mahindra Holidays & Resorts India Limited marks a significant change in the company’s leadership structure. As the company continues to expand its digital and technological initiatives, the appointment of a new CTO will be a crucial decision for its future growth strategy.
The hospitality sector, particularly in vacation ownership and resort management, is evolving rapidly, and Mahindra Holidays remains committed to leveraging technology-driven solutions to enhance its customer offerings. Investors and stakeholders will be keenly watching the company’s next move in appointing a new technology leader.