Varroc Engineering Ltd. (Varroc), a global tier-I auto component group, announced the joining of K Mahendra Kumar as the Group’s Chief Financial Officer. He joins Varroc Group from Tube Investments of India Ltd where he was an Executive Vice President and Chief Financial Officer for over five years.
K Mahendra Kumar is a qualified Chartered Accountant from the Institute of Chartered Accountants of India, Cost Accountant from The Institute of Cost Accountants of India and a Management Accountant from the Certified Institute of Management Accountants (CIMA), UK. He started his career with Southern Petrochemical Industries Corporation Ltd and subsequently, worked with Ford India Private Ltd and Vestas India Ltd and worked as Finance Director (India) at Kone Elevator India Private Ltd., Chennai. His last assignment was as an Executive Vice President and Chief Financial Officer of Tube Investments of India Ltd.
Speaking about the appointment, Tarang Jain, Managing Director and Chairman, Varroc Engineering Ltd, said, “We are pleased to welcome Mahendra to Varroc family. His proven expertise in Leadership, Risk Management, Digital Transformation, Cost Reduction, Long Term Strategies, Debt Reduction, Stakeholder Wealth Creation, Profitability Improvement and M&A amongst others will further enhance the resilience of the continued operations of Varroc. We are very excited about the prospects and skillset that he brings to the table. His extensive experience and knowledge of various industries will certainly be beneficial for Varroc. “I am extremely delighted to be a part of the Varroc. The opportunity before the Company is exciting and I’m looking forward to collaborating with the team and contributing towards making the organization more sustainable and enhancing the wealth of stakeholders,” said K Mahendra Kumar, Global Chief Financial Officer, Varroc Engineering Ltd.