Mahindra Group is One of the Largest Corporate Groups of India

8/8/2019 Mahindra Group is One of the Largest Corporate Groups of India

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mahindra Group is one of the largest corporate groups of India. It is a US $4.5 billion conglomerate with

employee strength of over 40,000. The group has diverse business interests such as automotive, farm

equipments, infrastructure, information technology, hospitality, and financial services. Mahindra Group has global

presence and it is ranked amongst Forbes Top 200 list of the World's Most Reputable Companies and in the Top

10 list of Most Reputable Indian companies.

The origins of Mahindra Group can be traced back to October 2, 1945 when Mahindra brothers J.C. Mahindra &

K.C. Mahindra joined hands with Ghulam Mohammad, and Mahindra & Mohammad was set up as a franchise forassembling jeeps from Willys, USA. After India's independence in 1947, Mahindra & Mohammad changed its

name to Mahindra & Mahindra. Ghulam Mohammad migrated to Pakistan post-partition and became the first

Finance Minister of Pakistan. Since then, Mahindra Group has gone from strength to strength and today it has

evolved into a giant group.

Business Interests of Mahindra Group

Automotive Sector: Mahindra Group is the market leader in utility vehicles in India since inception. Mahindra

also manufactures and markets utility vehicles and light commercial vehicles, including three-wheelers. Some of

the famous automobile brands of Mahindra are: Scorpio and Bolero. Recently, Mahindra joined hands with

French automobile major Renault to enter passenger car segment. It has launched a car called Mahindra Renault

Logan.

Farm Equipment Sector: Mahindra is the largest producer of tractors in India and is among the top five tractorbrands in the world. It has its own state-of-the-art plants in India, USA, China and Australia, and a capacity to

produce 1,50,000 tractors a year.

Trade & Financial Services: Mahindra Intertrade Limited and its subsidiaries have specialized domain

knowledge in imports and exports of commodities, domestic trading, marketing and distribution services.

Mahindra Finance is one of the largest Non Banking Finance Companies in India with an asset base of about Rs.

5000 crores. Mahindra Insurance Brokers offer Life and Non-life Insurance plans to retail and corporate

customers. Mahindra Steel Service Centre is the first steel service centre in the organised sector in India.

Infrastructure Development: Mahindra Group has interests in real estate, special economic zones, hospitality

industry, infrastructure development, project engineering consultancy and design. Mahindra Holidays & Resorts

is the leader in the lifetime holiday market in India. Mahindra Gesco is fastest growing Construction Company in

India. Mahindra World City is developing and promoting India's first Integrated Business City. Mahindra AcresConsulting Engineers is a multidisciplinary engineering consultancy organization.

Information Technology: Mahindra Group entered into IT sector in 1986 when it formed a joint venture with

British Telecommunications plc. The company was called Mahindra-British Telecom. The Company has recently

changed its name to Tech Mahindra. Tech Mahindra is a leading provider of telecommunication solution and

service industry world-wide. It is India's 8th largest software exporter.

Speciality Businesses: Mahindra Group companies such as Mahindra AshTech, Mahindra Defence, Spares

Business Unit and Mahindra Logistics are into Speciality Businesses. Mahindra AshTech undertakes turnkey

contract execution for Ash Slurry System and Travelling Water Screens. Mahindra Defence Systems looks after

the requirements of India's defence and security forces. Mahindra Logistics provide complete logistics solutions

to complex transportation needs of clients across the world.

Major Achievements of Mahindra Group

y Mahindra & Mahindra made the first indigenous Jeep in the country in 1949.

y Fourth largest tractor company in the world.

y Largest manufacturer of tractors in India.

y Largest manufacturer of MUVs, offering over 20 models

BRIEF CAREER HISTORY OF MR. ANAND G. MAHINDRA


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Mr.Anand G. Mahindra, Vice Chairman and Managing Director of Mahindra & Mahindra Ltd. the flagship company of the US $6.3 billion Mahindra Group, which is among the top 10industrial houses in India - graduated from Harvard College, Cambridge, Massachusetts,Magna cum Laude. In 1981 he secured an MBA degree from the Harvard Business School,Boston, Massachusetts. He returned to India that year and joined Mahindra Ugine SteelCompany Ltd (MUSCO), the countrys foremost producer of speciality steels, as Executive

Assistant to the Finance Director. In 1989 he was appointed President and DeputyManaging Director of the company.

During his stint at MUSCO, he initiated the Mahindra Groups diversification into the newbusiness areas of real estate development and hospitality management.

In the summer of 1991, he was appointed Deputy Managing Director of Mahindra &Mahindra Ltd., the countrys dominant producer of off-road vehicles and agricultural tractors.He has since been engaged in a comprehensive change programme in Mahindra &Mahindra Ltd. to make the company an efficient and aggressive competitor in the newliberalised economic environment in India.

Iin April 1997, he was appointed Managing Director of Mahindra & Mahindra Ltd and inJanuary 2003 given the additional responsibility of Vice Chairman.

Mr. Mahindra was a co-promoter of Kotak Mahindra Finance Ltd., which in 2003 wasconverted into a bank. Kotak Mahindra Bank is one of the foremost private sector bankstoday.

Mr. Mahindra frequently shares his views and ideas on Indian economy and businessthrough his writings in some of Indias leading business magazines.

Mr. Mahindra is the recipient of the following awards:

Knight of the Order of Merit by the President of the French Republic.

Rajiv Gandhi Award 2004 for outstanding contribution in the business field 2005 Leadership Award from the American India Foundation for his, and the Mahindra

Groups commitment to corporate social responsibility.

Person of the Year 2005 from Auto Monitor.

CNBC Asia Business Leader Award for the year 2006.

The Most Inspiring Corporate Leader of the Year 2007 from NDTV Profit.

Business Man of the Year 2007 from Business India.

Harvard Business School Alumni Achievement Award 2008.

National Statesman for Excellence in Business Practices Qimpro Platinum Standard2008 Award by Qimpro Foundation.

CNBC TV18 Outstanding Business Leader of the Year 2009

Business Leader of the Year 2009 by Economic Times

OTHER ACTIVITIES

Mr. Mahindra is the co-founder of the Harvard Business School Association of India, anassociation dedicated to the promotion of professional management in India. Theassociation has grown substantially over the years.

He is Past President 2003-04 of the Confederation of Indian Industry and has also beenPresident of the Automotive Research Association of India (ARAI).


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Mr. Mahindra is a Director of The National Stock Exchange of India Limited appointed underthe Public Representatives category.

He takes a keen interest in matters related to education and apart from being a Trustee ofthe K.C. Mahindra Education Trust, which provides scholarships to students, he is also onthe Board of Governors of the Mahindra United World College of India.

Mr. Mahindra is the Founder Chairman of the Mumbai Festival, which was launched inJanuary 2005. The event was the first comprehensive festival to celebrate the rich culturaldiversity of the city.

He is the Co-Chairman of the International Council of the Asia Society, New York.

Mr. Mahindra also serves on the following Boards and committees:

1. Harvard Business School - AsiaPacific Advisory Board

2. Harvard Business School - Member of the Board of Deans Advisors

3. Harvard University Asia Centre - Advisory Committee

4. Asia Business Council5. National Sports Development Fund (NSDF), Government of India Council andExecutive Committee

6. The Nehru Centre, Mumbai - Executive Committee

7. National Council of Applied Economic Research

8. India Council for Sustainable Development Member

Few groups can identify as closely with India's destiny andindustrial progress as the Mahindra Group. In fact, Mahindra is likea microcosm of India. Both were born around the same time, hadthe same aspirations and both experienced the inevitable troughs

and crests in the journey towards their goals. And both continue to march on the path toprogress and global recognition.

The birth of Mahindra & Mahindra began when K.C. Mahindravisited the United States of America as Chairman of the IndiaSupply Mission. He met Barney Roos, inventor of the rugged'general purpose vehicle' or Jeep and had a flash of inspiration:wouldn't a

vehicle that had proved its invincibility on the battlefields of World War II be ideal for India'srugged terrain and its kutcharural roads?

Swift action followed this thought. The Mahindra brothers joined hands with a distinguished


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gentleman called Ghulam Mohammed & on October 2nd, 1945, Mahindra & Mohammed wasset up as a franchise for assembling Jeeps from Willys, USA.

Two years later, India became an independent nation and Mahindra & Mohammed changedits name to Mahindra & Mahindra. Ghulam Mohammed migrated to Pakistan post-partitionand became the first Finance Minister of Pakistan.

Since then, Mahindra & Mahindra has grown steadily in size and stature and evolved into aGroup that occupies a premier position in almost all key sectors of the economy. TheGroup's history is studded with milestones. Each one taking the Group forward. In fact,today, its total turnover is about 6.3 billion dollars.

Mahindra is a group in a hurry, engaged in an ambitious, sustained and prolongedpenetration into the global arena. Its spirit can be encapsulated in the words of the poetRobert Frost, a favourite of India's first Prime Minister, Pandit Jawaharlal Nehru:

"The woods are lovely, dark and deep,But I have promises to keep,And miles to go before I sleep,And miles to go before I sleep."

For Mahindra & Mahindra, this translates into many more milestones to be set up before itrests. If ever.

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Mahindra Group is One of the Largest Corporate Groups of India