Kotak Mahindra arm’s CFO exits, successor named

Kotak Mahindra Investments Limited revealed on Thursday that its Chief Financial Officer, Siddarth Gandotra, has resigned effective from the close of business on August 31, 2026. The Board of Directors promptly approved the appointment of Hiren Vora as the new CFO, with his tenure starting on September 1, 2026. Vora is a qualified Chartered Accountant and currently serves as the Head of Treasury for the non-banking financial company (NBFC) subsidiary of Kotak Mahindra Bank.

He has been with the Kotak group for approximately 18 years. Gandotra tendered his resignation to the Board on Thursday, expressing his gratitude for the enriching and rewarding experience he gained during his two-year tenure as CFO. He stated that he is moving within the Group to explore new opportunities. The Indian government is preparing to establish a high-powered committee to examine the role of banking in achieving the country's development goals under the Viksit Bharat 2047 vision.

Finance Minister Nirmala Sitharaman addressed banking leaders earlier this month to solicit recommendations on necessary reforms to align the sector with India's development ambitions.