He succeeds Murthy GVAS, whose tenure as CFO ended at the close of business hours on 5 October 2025.
The decision was approved by the company's board of directors based on the recommendations of the audit committee and the nomination and remuneration committee.
Tejas Mehta, aged 49, joins Vodafone Idea from Mondelēz India, where he served as the chief financial officer. A Chartered Accountant (Class of 1997), Mehta brings with him over 25 years of extensive experience across India and international markets, having led large P&Ls through phases of growth, transformation, and integration.
He began his career at Marico Industries before joining Mondelēz India in 2002 as a Treasury Manager. Over the next two decades, he held several senior leadership roles across geographies, including Group Finance Controller in London, CFO for Thailand and Turkey, and Supply Chain Finance Lead for Asia Pacific, Middle East, and Africa. In 2022, he returned to India to take on the CFO role at Mondelēz India.
Throughout his career, Mehta has played a pivotal role in driving business growth amid challenging macroeconomic conditions marked by sectoral volatility and inflationary pressures. He has also led the development of regional Centres of Excellence, strengthened business processes, and championed global initiatives in functional excellence and talent development.
India's third-largest telecom operator, Vodafone Idea 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.
On a consolidated basis, Vodafone Idea's net loss stood at Rs 6,608.1 crore in Q1 FY26 higher than Rs 6,432.1 crore in Q1 FY25. Revenue from operations rose 4.9% YoY to Rs 11,022.5 crore from Rs 10,508.3 crore in Q1 FY25.
Shares of Vodafone Idea shed 0.34% to Rs 8.80 on the BSE.
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