Mumbai, Maharashtra, India, February 2026 — Komal Chugh has started a new position as State Head HR at Mahindra Finance, strengthening the organization’s people leadership at the state level as the company continues to expand its footprint across India’s rural and semi-urban markets. In this role, she will drive state HR strategy and execution, supporting workforce capability, engagement, performance, and organizational effectiveness across the region.
In February 2026, Komal Chugh stepped into her new role as State Head HR at Mahindra Finance. Alongside this appointment, she has also taken responsibility as State HR, reinforcing her mandate in managing and strengthening end-to-end human resources strategy at the state level.
Prior to this elevation, Komal has been serving as Regional HR at Mahindra Home Finance since June 2024, where she has been contributing to regional people operations, workforce support, and HR execution aligned with business growth needs.
Before joining the Mahindra Group, she built strong HR and resource management experience over nearly four years at IndusInd Bank, serving as Regional Resource Manager. In this role, she worked across talent acquisition and workforce planning priorities, while supporting employee wellness and multiple HR execution levers critical to business continuity and performance.
Earlier, Komal spent close to five years at HDFC Bank as a Human Resources Manager, based in Mumbai, where she handled key HR responsibilities supporting the employee lifecycle, HR operations, and people management requirements in a high-scale, fast-paced banking environment.
About Mahindra Finance
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies (NBFCs), with a strong focus on the rural and semi-urban sector. The company serves over 10 million customers and has an AUM of over USD 11 billion.
Mahindra Finance is a leading vehicle and tractor financier and also offers fixed deposits and SME loans. The company operates through more than 1,369 offices, reaching customers across 4,80,000 villages and 7,500 towns in India.
Notably, Mahindra Finance is the only NBFC from India to be listed on the Dow Jones Sustainability Index in the Emerging Market Category (2019). The Mahindra Finance ecosystem also includes subsidiaries and joint ventures such as Mahindra Insurance Brokers Limited (MIBL), Mahindra Rural Housing Finance Limited (MRHFL), Mahindra Manulife Investment Management Private Limited (MMIMPL), and Mahindra Finance USA LLC (in partnership with De Lage Landen, a subsidiary of Rabo Bank).
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