Mahindra Holidays & Resorts India Limited Announces Board Changes
January 25, 2021 at 06:00 pm IST
Share
Mahindra Holidays & Resorts India Limited announced the resignation of Mr. V. S. Parthasarathy as a Non-Executive Non- Independent Director of the Company with effect from January 25, 2021. Consequent to his transition to a new role in Mahindra & Mahindra Limited, the holding company of the Company, Mr. V. S. Parthasarathy has tendered his resignation as a Non-Executive Non-Independent Director of the Company with effect from the conclusion of the Board Meeting of the Company held on January 25, 2021 and the same has been accepted and noted by the Board of Directors of the Company at its Meeting held on January 25, 2021. The company also announced the appointment of Mr. Ruzbeh Irani as an Additional Director in the category of Non-Executive Non-Independent Director of the Company with effect from January 26, 2021. On the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at its Meeting held on January 25, 2021, has approved the appointment of Mr. Ruzbeh Irani, President -- Group Human Resources and Communications, Mahindra & Mahindra Limited, the holding company of the Company, as an Additional Director in the category of Non-Executive Non-Independent Director of the Company, with effect from January 26, 2021, to hold office up to the date of the next Annual General Meeting of the Company. Mr. Ruzbeh Irani joined the Mahindra Group in 2007, as Executive Vice President -- Corporate Strategy, heading the Group's Strategy function. He became the Chief Brand Officer of the Group; during that time, he spearheaded Mahindra's entry into racing, and led the development of the Group's brand position and core purpose, 'Rise'. He then moved to head International Operations for the Automotive and Farm Equipment Sectors of Mahindra & Mahindra Limited (M&M). Subsequentially he led Group Corporate Brand, PR and Communications, Ethics as well as Mahindra's Racing team. In April 2020, Mr. Ruzbeh Irani has taken over as President -- Group Human Resources & Communications. He is now also responsible for Corporate Social Responsibility and Corporate Services. He is a member of Mahindra's Group Executive Board.
Mahindra Holidays & Resorts India Limited operates in the leisure hospitality industry. The Company is engaged in the business of the sale of vacation ownership and other related services in India. It also provides holiday facilities. Club Mahindra is the Company's product in the vacation ownership business, which entitles its members to a week's holiday every year. It operates various resorts in India, and Abroad. The Company offers Club Mahindra members access to over 152 resorts in India, Asia, Europe, and the United States. Its resorts in India, such as Goa, Gujarat, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Puducherry, Rajasthan, Sikkim, and others. The Companyâs subsidiaries include Holiday Club Resorts Oy, Holiday Club Sweden Ab Are, Ownership Services Sweden Ab, Holiday Club Sport and Spa Hotels AB and others. Holiday Club Resorts Oy is a vacation ownership company in Europe and operator of leisure hotels in Finland.