Founder of Reva, Chetan Maini Quits as CEO

In an interesting turn of events, Chetan Maini, founder of Reva, has resigned as CEO of the electric car company that is owned by Mahindra. Chetan Maini founded Reva twenty year ago and now he will be replaced by former Managing Director of Ford India, Mr Arvind Mathew.

Published On Feb 04, 2015 12:38 IST

Published OnFeb 04, 2015 12:34 IST

Last Updated OnFeb 04, 2015 12:38 IST

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Chetan Maini

In an interview Maini said, "I may take up a position within the Mahindra Group or may even look outside. To be honest, I have still not decided. I will continue to be a shareholder, while Arvind will look after the day-to-day operations at the company. I ran the company for 20 years. I will figure out what I want to do next."

Arvind Mathew will join the office as CEO from May 1st and it seems like Mahindra has some big plans for Reva as recently the company appointed Mahesh Babu as the COO of Mahindra Reva. Prior to this reshuffling, Mahesh Babu was VP of product development of MRV and is considered as one of the key architects of company’s XUV 500 SUV.

Though Maini is stepping down from the CEO of Mahindra Reva, he will continue to hold his stake position in the company. At the time of Reva’s takeover by Mahindra, Maini had a stake of 5.5 per cent which came down to 3.57 percent by the end of FY14.

Source: ET Auto

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<p><span>Starting from a Stock Broker to an Investment Adviser to a News Reporter at CarDekho, Sourabh describes his journey so far to be full of twists and turns. His fascination towards cars actually led him to the automotive arena. In a car, besides the powertrain, he loves to explore the luxurious features integrated with some sophisticated electronic components. He holds a bachelor's degree in Electronics & Communication Engineering, which further helps him explain the complex technical terminologies in a simple language to the users. He tends to explore the technological advancements found in the latest vehicles. He heads the comment moderation team at CarDekho Forum along with his contribution in News, Features and RoadTest. </span></p>Read more