Care Ratings has appointed Rajesh Mokashi as its new Managing Director and Chief Executive Officer for a term of five years. He was the Deputy MD of the company before being promoted to this new position.

"Mokashi has worked in diverse areas in ratings such as rating operations, criteria development, business development, disinvestment advisory services, international ventures, regulatory compliance, human resources management, information technology, among others," the company statement said. 

With over 30 years of experience, Rajesh has been with the Credit rating agency since it started its operation in 1993. 

He had earlier worked with Otis Elevator Company India, DSP Financial Consultants and Kotak Mahindra Finance before joining Care. 

He was earlier elevated to the board of Care on August 22, 2009 as deputy managing director. Mokashi also serves on the board of Care's subsidiary companies -- Care Kalypto Risk Technologies and Advisory Services as well as Care Ratings (Africa).