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<ul><li><keyword id="1118568" type="PERSON" weightage="20" keywordseo="Milind-Kulkarni">Milind Kulkarni</keyword> is returning as the CFO of the $5.2 billion Indian IT services company <keyword id="43217" type="CITY" weightage="20" keywordseo="Tech-Mahindra">Tech Mahindra</keyword> starting April 2.</li><li>The man who began his professional journey at Cadbury after becoming a qualified chartered accountant has been with Tech Mahindra for 18 and a half years now.</li><li>His last stint as CFO of Tech Mahindra was between 2013 and 2018 before he retired to become a Senior Advisor.</li></ul>He’s been here before and he’s set to make a comeback — the qualified chartered accountant, Milind Kulkarni, will be returning as Tech Mahindra’s Chief Financial Officer (CFO) in the next financial year. During his last stint as CFO, Kulkarni was at helm from 2013 to 2018. After his five year tenure was over, rather than leave the company, Kulkarni stuck around and served as a Senior Advisor for the IT services giant. In fact, Kulkarni’s been with Tech Mahindra for 18 and a half years now. When he first took up the post of CFO, the company was at the cusp of merging with its subsidiary Mahindra Satyam. This time around, Tech Mahindra is waiting on the boom from 5G to spur revenue growth and expand margins. Management expects that the gains from 5G will start flowing in during the second half of 2021. Kucch meetha ho jaye (let’s get something sweet) Before going on to become a chartered accountant in 1981, Kulkarni completed his Bachelor’s in Commerce from the ML Dahanukar College of Commerce in Mumbai. His first job was in the offices of Cadbury as a Manager of Accounts. After a brief stint at Standard Batteries after Cadbury, he moved onto become the General Manager of Finance at Mastek Limited, a software company that has a presence in the US and UK in addition to India. In another big career jump, Kulkarni went onto become the Group CFO of Venkateshwara Hatcheries — also known as the massive poultry brand Venky’s — in 1997. It was only in 2002 that he finally found his way to Tech Mahindra. Starting out as the Vice President of Finance, Kulkarni rose in the ranks to become the CFO in 2013. And in 2021, he’s making his comeback. SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/news/two-things-on-tech-mahindra-cfos-wishlist-for-the-budget-2021-22-that-were-left-unaddressed/articleshow/80705389.cms" id="docs-internal-guid-17e9dda7-7fff-2a58-c6dc-6cfb6a7687db">INTERVIEW: Two things on Tech Mahindra CFO’s wishlist for the Budget 2021-22 that were left unaddressed</a>

Meet the 63-year old making a comeback as Tech Mahindra's CFO

IT major <keyword id="43217" type="DOMAIN" weightage="20" keywordseo="Tech-Mahindra">Tech Mahindra</keyword> on Monday posted a 34.6 per cent rise in consolidated net profit to ₹1,081.4 crore for the March 2020 <keyword id="6545597" type="UNKNOWN" weightage="20" keywordseo="quarter">quarter</keyword>. Its net profit stood at ₹803.9 crore in the corresponding period a year ago, Tech Mahindra said in a regulatory filing. The Mumbai-based company saw its <keyword id="1153513" type="PERSON" weightage="20" keywordseo="consolidated-revenue">consolidated revenue</keyword> from operations increasing 2.5 per cent to ₹9,729.9 crore as against ₹9,490.2 crore in the year-ago quarter, it added. For the full financial year, the net profit was up 9.8 per cent to ₹4,428 crore, while revenue from operations was higher by 2.7 per cent to ₹37,855.1 crore as compared to 2019-20. Tech Mahindra Managing Director and Chief Executive Officer C P Gurnani said, "Our continued focus on cutting-edge technologies has expanded client engagement with large deal wins this quarter. We are witnessing a strong demand acceleration." He added that the health and wellness of Tech Mahindra associates and community at large. <keyword id="1118568" type="PERSON" weightage="20" keywordseo="Milind-Kulkarni">Milind Kulkarni</keyword>, chief financial officer at Tech Mahindra, said the company has witnessed substantial margin improvement and cash flow generation during the year. "Our focus on delivery transformation will continue, as we increasingly witness a structural shift towards digital to adapt to the new normal. We are positioned uniquely to gain from this shift, while improving our financial and operating metrics going forward," he added. The board of directors have recommended a final dividend of ₹30 per share (including <keyword id="1729046" type="PERSON" weightage="20" keywordseo="special-dividend">special dividend</keyword> of ₹15 per share) for the financial year ended March 31, 2021, subject to shareholder approval. The special and final dividend, if approved, will be paid by August 11, 2021. This dividend is in addition to the special dividend of ₹15 per share paid as interim dividend. The total dividend for 2020-21 will be ₹45, the filing said. Tech Mahindra has also announced the acquisition of Eventus Solutions Group, a US-based consulting and technology service company. The acquisition will help Tech Mahindra bolster its consulting capabilities in customer experience (CX) and customer management space and move up the value chain in the BPS business. Tech Mahindra's total headcount stood at 1,21,054 at the end of March 2021 quarter, down 847 from the preceding quarter. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/sundar-pichai-and-satya-nadella-will-use-google-and-microsoft-resources-and-technology-to-support-india-during-the-covid19-crisis/articleshow/82253126.cms">From Sundar Pichai to Satya Nadella – Indian-Americans wake up to the COVID-19 crisis at home</a> <a href="https://www.businessinsider.in/science/health/news/covid-19-what-is-proning-and-how-can-it-help-you-increase-oxygen-levels-at-home/articleshow/82251671.cms">COVID-19 – What is proning and how can it help you increase oxygen levels at home</a> <a href="https://www.businessinsider.in/business/startups/news/upgrad-gets-its-first-external-funding-from-singapore-based-temasek/articleshow/82253861.cms">Edtech startup upGrad gets its first external funding – a $120 million cheque from Temasek</a> <a href="https://www.businessinsider.in/science/health/news/maharashtra-kerala-and-chhattisgarh-states-are-on-top-covid-19-positivity-rate-in-india/articleshow/82254421.cms">COVID-19: These are the five states in India with the highest positivity rates</a>

Tech Mahindra Q4 net profit jumps 34.6% to ₹1,081.4 crore

Mumbai, Jan 23 () Chinese turbine manufacturer Envision Energy on Thursday said it has commissioned two wind projects with a total capacity of 232.5 MW in Gujarat.
 The contracts involved a 197.5 MW wind power project for Actis-backed Sprng Energy and a 35 MW project for ReNew Power which were awarded under tranche 1 of Gujarat Urja Vikas Nigam's wind auctions.
 The projects were built on turnkey basis using state-of-the-art 2.5-MW turbines with 131 m rotor diameter and 120 m hub height, the company said in a statement.
 "It is the first time that a Chinese wind turbine company has built a large scale wind power project in India," Envision Energy India deputy MD Milind Kulkarni said.
 He further said the nacelles and hubs for the turbines were assembled at its facility in Pune, where it has already invested USD 25 million (about Rs 175 crore). 
 "Soon we will commence manufacturing of steel tubular towers and rotor blades in the country, achieving complete indigenisation of major components," Kulkarni said. 
 The company also plans to soon introduce 3 MW class turbines with rotor diameters larger than 140 m and hub heights up to 140 m, suiting Indian wind and site conditions, the release said. PSK
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Envision Energy commissions 2 wind projects in Gujarat

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For the umpteenth time, when asked about <keyword id="6354884" type="ORGANIZATION" weightage="40" keywordseo="Delhi-Daredevils">Delhi Daredevils</keyword>' wretched season, Kevin Pietersen replied with his most sobering assessment of the worst team in the league. "We've tried a lot of things, nothing has gone according to plan. It's about executing your skills, which we haven't done well enough. No one's here to blame anyone. If you're good enough, you'll turn it around." 

	Had he replied in Gaelic, or spoken about the merits of the Bernoulli Equation, it would have had a similarly hollow tone. Those were the words of a beaten man, left to crinkle his nose at the stench of a rotting corpse of a side.
 

	Everything about Daredevils is in shambles. Their campaign began with Pietersen - acquired for Rs 9 crore - miss the initial few games due to injury. The player to get a look-in, Ross Taylor, struggled to dominate with the bat. In the midst of a poor start, Daredevils lost fast bowler Nathan Coulter-Nile to injury early in the season. Then went Saurabh Tiwary with a shoulder injury. Around this time, Daredevils released three uncapped players, one of which was batsman Milind Kumar, the distant but only local connect the franchise had. Whatever changes were made, results were not forthcoming. They have been poor with the bat, ball, in the field and in their thinking.
 Much has been written about the management holding back <keyword id="69475" type="ORGANIZATION" weightage="40" keywordseo="JP-Duminy">JP Duminy</keyword> and Kedar Jadhav, the two batsmen with the highest averages and strike-rates this season, and how denying them more deliveries to face has resulted in sub-standard totals. Daredevils' problems are deeper than that. They just aren't ticking. Thursday's match in Ahmedabad against Rajasthan Royals cannot be termed a contest. It was an embarrassment. Pietersen's decision to field came a cropper as RR piled up their highest total this season, 201 for 6, to which Daredevils replied with 139 for 9, losing half their wickets inside ten overs. With qualification for the <keyword id="6354312" type="CITY" weightage="40" keywordseo="IPL">IPL</keyword> 7 play-offs out of the question, you could have expected DD to make a statement, play with some freedom and express themselves. It didn't happen. What panned out was a yawn-inducing mismatch. <keyword id="172496" type="PERSON" weightage="40" keywordseo="Rahul-Shukla">Rahul Shukla</keyword>, after going for 41 in the previous match, conceded 44 from his four. Siddarth Kaul went for 34 in three. Manoj Tiwary, who rarely bowls, conceded 28 in his two overs, one of which was the 19th of RR's innings that cost 17. On the same track on which Ajinkya Rahane cruised, Kevon Cooper teased, Sanju Samson belted 40 off 25 and James Faulkner finished with 23 off eight balls, Daredevils made 139 for 9. Only one batsman crossed 17; six made single-digit scores. Daredevils' entire season has been a colossal waste of batting talent, with <keyword id="6355316" type="PERSON" weightage="40" keywordseo="Dinesh-Karthik">Dinesh Karthik</keyword> (the second most expensive purchase of the IPL auction at Rs 12.5 crores) repeatedly falling to leg-side heaves regardless of the match situation, an IPL pro in <keyword id="57265" type="PERSON" weightage="40" keywordseo="Murali-Vijay">Murali Vijay</keyword> failing to make an impact, Pietersen not playing a single convincing innings and the domestic pool not stepping up, barring Jadhav. 

	Compare this to RR's success. Rahane has 316 runs this season, which is more than Pietersen, Taylor and Mayank Agarwal have managed. When you consider that Karun Nair, a rookie domestic batsman playing his first IPL, has scored significantly more than Pietersen, you get a sense of why Daredevils are languishing at the bottom of the table.
 

	This is not to take away from how well Royals bowled. Dhawal Kulkarni was accurate and probing, Faulkner struck in the only over he bowled early on, Pravin Tambe dismissed the dangerous Duminy and Rajat Bhatia prised out two important wickets with his canny dibbly-dobblers. The sucker ball to get Taylor caught and bowled was a wicket Bhatia will cherish.
 With seven wins from 11 matches, Rajasthan remain at third on the points table and look poised to make it to the play-offs, which leaves <keyword id="6354467" type="PERSON" weightage="40" keywordseo="Kolkata-Knight-Riders">Kolkata Knight Riders</keyword>, Sunrisers Hyderabad and <keyword id="6354506" type="CITY" weightage="40" keywordseo="Royal-Challengers-Bangalore">Royal Challengers Bangalore</keyword> in a three-way fight to take the last spot in the top four. Daredevils, like Mumbai Indians, have only pride to play for. But if they keep playing like they did against Royals, even that might be too much to expect.

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Meet the 63-year old making a comeback as Tech Mahindra's CFO

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