Business Insider Edition

Mahindra SA appoints Rajesh Gupta as new CEO. But not that Rajesh Gupta

James de Villiers , Business Insider SA
 Apr 13, 2018, 04:45 PM
Mahindra South Africa CEO Rajesh Gupta (supplied)
  • Mahindra South Africa appointed Rajesh Gupta as its new CEO on Thursday. 
  • He shares a name with an infamous figure, but according to a Mahindra exec this has not caused any problems  

Mahindra South Africa's newly appointed CEO Rajesh Gupta has no connection with his more notorious namesake, the company emphasised on Friday.

"It is purely coincidental that Rajesh shares a name and surname with one of the infamous Gupta brothers… [but] no one has ever treated him differently for it," Mahindra South Africa's CFO Avinash Bapat told Business Insider South Africa.

"Our partners have joked about it in a jovial manner as a conversation starter, but never negatively."

Rajesh was announced as Mahindra South Africa's new CEO on Thursday. He replaces another Gupta, Sanjoy, who returned to Mahindra & Mahindra India as vice president of the company.

The three Gupta brothers are accused of widespread corruption in South Africa. Rajesh, the youngest Gupta brother, has been accused of trying to bribe former deputy finance minister Mcebisi Jonas.

In a statement, Mahindra South Africa said Rajesh Gupta brings 19 years worth of cross-functional experience to the company. 

"Rajesh is a visionary, with expertise in driving business, deploying innovative and trendsetting strategies," the statement read. 

"Mahindra did not take the decision lightly to transfer him from India to South Africa - it was because he was best for the job," Bapat explained. Rajesh Gupta was previously senior general manager of commercial vehicle sales, rural sales and brand activation.

Receive a single WhatsApp message every morning with all our latest news: Sign up here.

See also:

  • Indicators
  • JSE Indexes

Get the best of our site delivered to your inbox every day.

Sign Up