Mastek Makes a Strategic Move: Raghavendra Jha Steps In as CFO

Image Source: Moneycontrol

Mastek Ltd., a global leader in digital engineering and cloud solutions, has announced the appointment of Raghavendra Jha as its new Chief Financial Officer, effective May 19, 2025. This leadership transition comes as the company seeks to bolster its financial strategy and operational excellence in a rapidly evolving tech landscape.

Key Highlights:

Seasoned Finance Leader:
Raghavendra Jha brings over two decades of experience across IT, manufacturing, metals, and retail sectors. He is a chartered accountant and science graduate, well-known for his expertise in IPO planning, M&A, and financial transformation.

Diverse Industry Background:
Jha’s impressive track record includes CFO roles at Tessolve Semiconductors and Inspira Enterprise, as well as key leadership positions at Wipro, where he managed global finance operations and business units across multiple geographies and industries.

Leadership and Vision:
Recognized for his passion for coaching and team development, Jha is expected to drive Mastek’s financial strategy, enhance compliance, and support the company’s next phase of growth.

Strategic Timing:
Jha succeeds Arun Agarwal, who stepped down in December 2024. His appointment aligns with Mastek’s focus on expanding its global partnerships and delivering sustainable returns for stakeholders.

Market Impact:
The announcement comes amid a mixed earnings season for Mastek, with Q4 FY25 profits down 11.94% year-on-year despite a 16.12% rise in operational revenue, signaling the importance of robust financial leadership going forward.

With Raghavendra Jha at the financial helm, Mastek is poised to strengthen its market position and accelerate its digital transformation journey.

Source: Business Standard, ET CFO, Wealthy