Mumbai, Maharashtra, India, December 2024 – Rakesh Khaitan has been named the Chief Financial Officer of Mahindra Susten, bringing over 17 years of extensive experience in finance, strategic partnerships, and renewable energy. In his new role, Rakesh will be responsible for steering the company’s financial strategy, optimizing processes, and driving sustainable growth as Mahindra Susten continues to contribute to India’s renewable energy goals.
Rakesh has been an integral part of Mahindra Susten for over a decade. Most recently, he served as Senior General Manager – Head of Strategic Alliances & Partnerships, where he played a pivotal role in establishing India’s largest Renewable Energy Infrastructure Investment Trust (InvIT) and successfully divesting IPP projects worth over ₹8000 crore. Prior to this, he led as General Manager – Business Head, where he developed a 1.65 GW IPP portfolio and ensured liquidity during challenging times by securing successful divestments.
Rakesh’s journey at Mahindra Susten began as DGM – Project Finance & Commercial, where he arranged finance for renewable energy projects and advised on structuring strategic alliances. Before joining Mahindra Susten, he worked with Mahindra & Mahindra as Manager – Finance and Accounts, handling commercial functions, and with Reliance Retail as Commercial Manager, overseeing budgeting, financial modeling, and MIS reporting.
About Mahindra Susten
Mahindra Susten, established in 2010 as the clean-tech arm of the Mahindra Group, is a pioneer in India’s renewable energy sector. With over 1.5 GWp+ of IPP renewable assets and an additional 1.9 GWp+ under development, the company is a key contributor to India’s renewable energy targets. Mahindra Susten has executed 4.2 GWp+ of renewable projects globally and remains committed to decarbonization, leveraging its expertise in engineering, procurement, and construction to ensure excellence in clean energy solutions.
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