People: Mahindra and Mahindra Ltd (MAHM.NS)
Mr. S. Durgashankar serves as President - Group Controller of Finance & Accounts of the Company. He is also in charge of the operations of Mahindra Integrated Business Solutions Pvt Ltd – the Service Centre arm of M&M. During his overall experience spanning three decades, he has handled a wide spectrum of Corporate Finance assignments at senior levels. At M&M, he was instrumental in setting up the M&A division and has a rich M&A experience, having facilitated many domestic and international M&A transactions for the group. He was earlier the Corporate Treasurer and Head of Treasury & Investor Relations at M&M. Prior to his current assignment, Durga was CFO of Mahindra Satyam and was responsible for the company becoming current with respect to its Indian GAAP reporting requirements. Before joining Mahindra, he was the Group CFO of a group of businesses, with interest in the power sector, listed in AIM & NSE exchanges. He played a key role in the parent company of that group getting listed at the NSE. Before joining M&M, Durga headed one of the Strategic Business Units of a bank and acquired rich experience in project evaluation, lending and corporate restructuring. He has served and currently serves as Nominee Director on the board of various companies. He is an Alumni of Harvard Business School where he had attended the Advanced Management Program. He is also a speaker at many forums on varied topics in M&A and Finance. Durga is recipient of CFO 100 Awards in 2010, 2013 and 2014 for his contribution to Corporate Finance in the area of M&A. He was also the recipient of CFO India League of Excellence Award in March 2015.
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