Kulkarni, whose appointment is effective April 2, 2021, will take over from the current CFO Manoj Bhat
Tech Mahindra will pay USD 89.5 million upfront for around 84.7 percent of CJS' stake. It will require the remainder of the stake over the next three years.
The Mahindra group had taken over Satyam Computer Services in 2009 after a multi-billion dollar accounting scam by its founder Ramalinga Raju. Tech Mahindra & Satyam announced on June 25 that the merger of the two firms had been completed.
Kulkarni has been serving the company as its senior vice president for finance till now and will take charge as the new CFO with immediate effect, the firm said in a filing to the BSE.