Vodafone Idea has appointed Tejas Mehta as its new Chief Financial Officer (CFO), effective October 6, 2025. Mehta succeeds Murthy Gvas, whose tenure concluded on October 5. This leadership change comes as the telecom company grapples with financial difficulties and seeks to strengthen its financial strategy.
Tejas Mehta, a Chartered Accountant, brings over 25 years of experience across India and international markets. He began his career at Marico Industries and later joined Mondelez India in 2002 as a Treasury Manager.
Over the years, he held several senior leadership roles, including Group Finance Controller in London, CFO for Thailand and Turkey, and Supply Chain Management head for Asia Pacific, Middle East, and Africa. In 2022, he returned to India to take on the CFO role at Mondelez India.
Vodafone Idea, India’s third-largest telecom operator, is backed by Aditya Birla Group and Vodafone Group. The company holds 5G spectrum in 17 circles and mmWave spectrum in 16 circles, offering services across 2G, 4G, and expanding 5G networks.
Despite these assets, the company faces significant financial challenges, including a net loss of ₹6,608.1 crore in Q1 FY26, up from ₹6,432.1 crore in Q1 FY25. Revenue from operations rose 4.9% year-on-year to ₹11,022.5 crore from ₹10,508.3 crore in Q1 FY25.
The appointment of Mehta is part of Vodafone Idea’s broader strategy to stabilize its financial position and expand its network services.
The company is working to secure additional debt funding to continue its 4G and 5G network expansion despite ongoing losses. This leadership change follows a recent transition within the company when Abhijit Kishore replaced Akshaya Moondra as CEO in August upon the conclusion of Moondra’s term.
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