Mahindra Group
Encyclopedia
The Mahindra Group is an Indian multinational conglomerate
company headquartered at Mahindra Towers in Mumbai, India, with operations in over 100 countries across the globe. The group has a presence in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. It is considered to be one of the most reputable Indian industrial houses with market leadership in utility vehicles as well as tractors in India
. The Mahindra Group has a global presence with operations on every continent except Antarctica.
to trade steel. Following the Partition of India
in 1947, Malik Ghulam Muhammad left the company and emigrated to Pakistan
where he became the first finance minister of the new state. In 1948, KC Mahindra changed the company's name to Mahindra & Mahindra.
Building on their expertise in the steel industry, the Mahindra brothers began trading steel with UK suppliers. They also won a contract to manufacture Willys Jeeps in India and began producing them in 1947. By 1956, the company was listed on the Bombay Stock Exchange
, and by 1969 the company had entered the world market as an exporter of utility vehicle
s and spare parts. Like many Indian companies, Mahindra responded to the restrictions of the Licence Raj
by expanding into other industries. Mahindra & Mahindra created a tractor
division in 1982 and a tech division (now Tech Mahindra
) in 1986. It has continued to diversify its operations ever since through both joint ventures and greenfield investments.
By 1994, the Group had become so diverse that it undertook a fundamental reorganization, dividing into six Strategic Business Units: Automotive, Farm Equipment
, Infrastructure
, Trade
and Financial Services
, Information Technology
, and Automotive Components (known internally as Systech). The new Managing Director, Anand Mahindra
, followed this reorganization with a new logo in 2000 and the successful launch of the Mahindra Scorpio
(a wholly indigenously designed vehicle) in 2002. Together with an overhaul in production and manufacturing methods, these changes helped make the company more competitive, and since then the Group's reputation and revenues have risen noticeably. Currently, Mahindra & Mahindra is one of the 20 largest companies in India In 2009, Forbes ranked Mahindra among the top 200 most reputable companies in the world.
In January 2011, the Mahindra Group launched a new corporate brand, Mahindra Rise, to unify Mahindra's image across industries and geographies. The brand positions Mahindra products and services as aspirational, supporting customers' ambitions to 'Rise.'
and volunteering. It is considered an active participant in the Indian Corporate Social Responsibility
field and received the Pegasus Award for CSR in 2007. Mahindra engages in philanthropy primarily through the KC Mahindra Trust, which serves as the CSR arm of the group (although many subsidiaries have their own CSR initiatives, notably Tech Mahindra
and Mahindra Satyam). Founded in 1953 by K.C Mahindra, the trust focuses primarily on fostering literacy in India
and promoting higher learning through grants and scholarships. Mahindra operates several vocational schools as well as the Mahindra United World College. The KC Mahindra Trust’s primary project however is Project Nanhi Kali
, which targets the education of young India
n girls. The foundation currently supports the education of approximately 51000 underprivileged girls. Other initiatives include Mahindra Hariyali (a 1 million tree planting campaign) as well as sponsorship of the Lifeline Express
, a mobile hospital train. Mahindra employees also plan and lead their own service projects through Mahindra’s Employee Social Options Plans. In 2009, more than 35,000 employees participated.
The Mahindra Group was responsible for the creation of Mahindra United World College, a UWC
campus located in Pune
.
Mahindra also supports the Mahindra Excellence in Theatre Awards to recognize Indian theater talent, the Mahindra Indo-American Film Festival, and the Mahindra Lucknow Festival. In 2011, it held the first annual Mahindra Blues Festival with guests like Buddy Guy, Johnny Lang, and Shemekia Copeland. Mahindra also partners with the NBA and Celtic Football Club to bring grassroots basketball and soccer to India.
During his long career he has held many key positions, served on the Board of Directors of several organizations, and been a member of many organizations and committees. He has also held many other important positions, such as Chairman of Bombay Chamber of Commerce and Industry (1966–67), President of ASSOCHAM (1969–70), Chairman of the Indian Institute of Management, Ahmedabad
(1975–85); Member of the Foundation Board - International Management Institute, Geneva
(1984–89); Chairman, India Nominating Committee 'Single Nation Programme', Eisenhower Exchange Fellowships, USA (1998–2005).
Over the years, he has also received numerous awards, including:
NIF-Mody Enterprises Man of the Year Award (1980),
Giants International Business Leadership Award (1972–82),
Madras Management Association Business Leadership Award (1983),
Companion - British Institute of Management(1985),
Chevalier de la Légion d'honneur (1987),
Business India - Businessman of the Year(1989),
Honorary Fellowship of All India Management Association (1990),
Institute of Company Secretaries of India (ICSI) Lifetime Achievement Award for Excellence in Corporate Governance (2004),
Lakshya Business Visionary Award - NITIE (2006),
Indian Business School (IBS) Kolkata Lifetime Achievement Award presented by the Institute of Chartered Financial Analysts of India (ICFAI)(2007)
Mr. Keshub is a "philanthropist who redefined corporate governance by effectively channelising funds into the social sector," notes the group's website.
A blip to the prestigious life and career is the chapter of Union Carbide India Ltd. (of which he was then the chairman) and the Bhopal Gas Tragedy
. After the Bhopal Gas Tragedy he was charged and indicted (2010) for causing death due to negligence and sentenced to 2 years' imprisonment and Rs 1 Lakh fine. He was granted bail shortly after being sentenced.
Anand Mahindra is Vice Chairman and Managing Director of Mahindra & Mahindra. He graduated magna cum laude from Harvard University and earned his MBA from Harvard Business School in 1981. He joined the Mahindra Group in 1981 as an Executive Assistant to the Finance Director of the Mahindra Ugine Steel Company. His leadership has helped make Mahindra a global company and strong competitor since India's economic liberalization in 1991. Anand is a notable public figure with a considerable following on Twitter and serves on many boards and committees.
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
company headquartered at Mahindra Towers in Mumbai, India, with operations in over 100 countries across the globe. The group has a presence in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. It is considered to be one of the most reputable Indian industrial houses with market leadership in utility vehicles as well as tractors in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. The Mahindra Group has a global presence with operations on every continent except Antarctica.
History
Mahindra & Mohammed was originally incorporated in 1945 by the brothers JC and KC Mahindra and Ghulam Mohammad in Ludhiana, PunjabPunjab (India)
Punjab ) is a state in the northwest of the Republic of India, forming part of the larger Punjab region. The state is bordered by the Indian states of Himachal Pradesh to the east, Haryana to the south and southeast and Rajasthan to the southwest as well as the Pakistani province of Punjab to the...
to trade steel. Following the Partition of India
Partition of India
The Partition of India was the partition of British India on the basis of religious demographics that led to the creation of the sovereign states of the Dominion of Pakistan and the Union of India on 14 and 15...
in 1947, Malik Ghulam Muhammad left the company and emigrated to Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
where he became the first finance minister of the new state. In 1948, KC Mahindra changed the company's name to Mahindra & Mahindra.
Building on their expertise in the steel industry, the Mahindra brothers began trading steel with UK suppliers. They also won a contract to manufacture Willys Jeeps in India and began producing them in 1947. By 1956, the company was listed on the Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
, and by 1969 the company had entered the world market as an exporter of utility vehicle
Utility vehicle
Utility vehicle is used to describe a vehicle, generally motorized, that is designed for a specific task.-Sport utility vehicle:Vehicles similar to a station wagon but built on a light-truck chassis, usually with off-road capability....
s and spare parts. Like many Indian companies, Mahindra responded to the restrictions of the Licence Raj
Licence Raj
Licence Raj, the Permit Raj, refers to the elaborate licenses, regulations and accompanying red tape that were required to set up and run businesses in India between 1947 and 1990....
by expanding into other industries. Mahindra & Mahindra created a tractor
Tractor
A tractor is a vehicle specifically designed to deliver a high tractive effort at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction...
division in 1982 and a tech division (now Tech Mahindra
Tech Mahindra
Tech Mahindra Limited is a provider of information technology , networking technology solutions and business process outsourcing services to the global telecommunications industry. Headquartered at Pune, India...
) in 1986. It has continued to diversify its operations ever since through both joint ventures and greenfield investments.
By 1994, the Group had become so diverse that it undertook a fundamental reorganization, dividing into six Strategic Business Units: Automotive, Farm Equipment
Farm equipment
Agricultural machinery is any kind of machinery used on a farm to help with farming. The best-known example of this kind is the tractor.-Soil cultivation:*Cultivator*Cultipacker*Chisel plow*Mulch tiller*Harrow**Spike harrow**Drag harrow...
, Infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
, Trade
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
and Financial Services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, Information Technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
, and Automotive Components (known internally as Systech). The new Managing Director, Anand Mahindra
Anand Mahindra
Anand Mahindra is the Vice Chairman and Managing Director of one of India’s largest enterprise, Mahindra & Mahindra. His grandfather KC Mahindra co-founded the company from his hometown Ludhiana, Punjab...
, followed this reorganization with a new logo in 2000 and the successful launch of the Mahindra Scorpio
Mahindra Scorpio
The Mahindra Scorpio is a SUV manufactured by Mahindra & Mahindra Limited, the flagship company of the Mahindra Group. It was the first SUV from the company built for the global market...
(a wholly indigenously designed vehicle) in 2002. Together with an overhaul in production and manufacturing methods, these changes helped make the company more competitive, and since then the Group's reputation and revenues have risen noticeably. Currently, Mahindra & Mahindra is one of the 20 largest companies in India In 2009, Forbes ranked Mahindra among the top 200 most reputable companies in the world.
In January 2011, the Mahindra Group launched a new corporate brand, Mahindra Rise, to unify Mahindra's image across industries and geographies. The brand positions Mahindra products and services as aspirational, supporting customers' ambitions to 'Rise.'
Core Business Activities
- Automotive
- Mahindra & Mahindra
- Mahindra NavistarMahindra NavistarMahindra Navistar Automotives Ltd, formerly called Mahindra International, is an Indian commercial vehicle manufacturer formed in 2005 from a joint-venture between Navistar International of the United States and Mahindra & Mahindra ....
- Mahindra Reva
- SsangYong MotorsSsangYong Motor CompanySsangYong Motor Company is the fourth largest South Korean automobile manufacturer. The name SsangYong means double dragons.SsangYong was acquired by India's Mahindra & Mahindra Limited in February 2011, after being named the preferred bidder in 2010 to acquire the bankruptcy-protected company...
- Mahindra 2 Wheelers
- Aerospace
- Mahindra AerospaceMahindra AerospaceMahindra Aerospace is aerospace division of the Indian multinational conglomerate company Mahindra Group. It is the first Indian private firm to make smaller civil aircraft for the Indian general aviation market. It is an AS9100 Rev.B certified design organization. -External Links:*...
- Gippsland AeronauticsGippsland AeronauticsGippsland Aeronautics are an Australian aircraft manufacturer based at Latrobe Valley Airport in Morwell, Victoria. The company builds single-engined utility aircraft. These include the GA8 Airvan and the GA200 Fatman. The company is owned by Indian conglomerate Mahindra Group...
- Aerostaff Australia
- Marine Vehicles
- Mahindra Ocean Blue
- Farm Equipments
- Mahindra & Mahindra - Farm Equipment Division
- Mahindra (China) Tractor Co
- Mahindra USA Inc
- Mahindra Yueda (Yancheng) Tractor Co
- Mahindra TractorsMahindra TractorsMahindra Tractors, the farm equipment division of Mahindra & Mahindra, builds and sources tractors that are sold worldwide across six continents. Mahindra is also among the top three tractor manufacturers in the world. Mahindra has a huge consumer base in India, China and America and a growing base...
- Mahindra GujaratMahindra GujaratMahindra Gujarat Tractor Limited, acquired by Mahindra & Mahindra from the Government of Gujarat in 1999, is the oldest running tractor unit in IndiaThe Mahindra Group has a 60% stake, the remaining 40% being held by the Government of Gujarat....
- Jiangling TractorsJiangling TractorsJiangling Tractor Company, a division of Jiangling Motor Company, produces the Lenar tractors for export to the US and Europe. The parent company has been an automotive manufacturer for over thirty years and counts Ford Motor Company and Isuzu Motors as stockholders. In 2004, 80% of the tractor...
- Automotive Components
- Mahindra Systech
- Engines Engineering
- Mahindra Castings
- Mahindra Composites
- Mahindra Engineering
- Mahindra Forgings
- Mahindra Sona Ltd.
- Mahindra Intertrade
- Mahindra Steel Service Centre
- Mahindra Gears and Transmissions
- Metalcastello S.p.A
- Mahindra Hinoday Ltd
- Financial Services
- Mahindra & Mahindra Financial Services LimitedMahindra & Mahindra Financial Services LimitedMahindra & Mahindra Financial Services Limited is one of the leading non-banking finance companies in India. It is among the top 500 Indian companies by market capitalization....
- Mahindra Insurance Brokers
- Mahindra Rural Housing Finance
- Information Technology
- Tech MahindraTech MahindraTech Mahindra Limited is a provider of information technology , networking technology solutions and business process outsourcing services to the global telecommunications industry. Headquartered at Pune, India...
- Mahindra Satyam
- Bristlecone
- CanvasM
- Consulting
- Mahindra Logisoft
- Mahindra Special Services Group
- Mahindra Consulting Engineers
- Retail
- Mahindra Retail
- Mahindra First Choice
- Defence
- Mahindra & Mahindra - Defense Division
- Defence Land Systems
- Energy
- Mahindra & Mahindra - Energy Division
- Mahindra Solar One
- Industrial Equipments
- Mahindra Conveyor Systems
- Logistics
- Mahindra Logistics
- Agribusiness
- Mahindra Shubhlabh
- Metals
- * Mahindra Ugine SteelMahindra Ugine SteelMahindra Ugine Steel is a manufacturer of specialty steel, stampings, and rings headquartered in Mumbai, India. It is a subsidiary of the Mahindra Group, one of India's largest industrial houses....
- Sports
- Mahindra RacingMahindra RacingMahindra Racing Team is an Indian MotoGP factory team which entered into motorcycle racing as a participant in the 125cc class of the championship. From 2012 onwards the team will be participating in the newly formed Moto3 championship...
- Hospitality
- Mahindra Holidays and Resorts
- Club Mahindra
- Real Estate
- Mahindra Lifespace
- Mahindra World CityMahindra World CityMahindra World City may refer to:* Mahindra World City, New Chennai,a premier Special Economic zone in the South of IT Corridor.* Mahindra World City, Jaipur, an integrated business complex in Jaipur...
- Media
- Mumbai Mantra
- Education
- Mahindra United World College of IndiaMahindra United World College of IndiaThe Mahindra United World College of India is one of 13 United World Colleges, located 40 km west of Pune in Maharashtra, India. Established in 1997, the college has a population of about 200 students from all around the world who live together on campus for two years...
- Defunct
- Mahindra RenaultMahindra Renault LimitedMahindra Renault Limited was a JV between India's largest Utility vehicle manufacturer Mahindra & Mahindra Limited & Renault S.A. of France . The joint venture was formed in 2007. The JV has set up a state-of-the-art manufacturing plant in Nashik, Maharashtra. On April 15...
- Mahindra United FC
Community Initiatives
The Mahindra Group is extensively involved in philanthropyPhilanthropy
Philanthropy etymologically means "the love of humanity"—love in the sense of caring for, nourishing, developing, or enhancing; humanity in the sense of "what it is to be human," or "human potential." In modern practical terms, it is "private initiatives for public good, focusing on quality of...
and volunteering. It is considered an active participant in the Indian Corporate Social Responsibility
Corporate social responsibility
Corporate social responsibility is a form of corporate self-regulation integrated into a business model...
field and received the Pegasus Award for CSR in 2007. Mahindra engages in philanthropy primarily through the KC Mahindra Trust, which serves as the CSR arm of the group (although many subsidiaries have their own CSR initiatives, notably Tech Mahindra
Tech Mahindra
Tech Mahindra Limited is a provider of information technology , networking technology solutions and business process outsourcing services to the global telecommunications industry. Headquartered at Pune, India...
and Mahindra Satyam). Founded in 1953 by K.C Mahindra, the trust focuses primarily on fostering literacy in India
Literacy in India
Literacy in India is key for socio-economic progress, and the Indian literacy rate grew to 74.04% in 2011 from 12% at the end of British rule in 1947. Although this was a greater than sixfold improvement, the level is well below the world average literacy rate of 84%, and India currently has the...
and promoting higher learning through grants and scholarships. Mahindra operates several vocational schools as well as the Mahindra United World College. The KC Mahindra Trust’s primary project however is Project Nanhi Kali
Project Nanhi Kali
Project Nanhi Kali is an Indian non-governmental organisation that supports education for underprivileged girls in India. Founded by Anand Mahindra in 1996, it is jointly managed by the Naandi Foundation and the KC Mahindra Education Trust, which is part of the corporate social responsibility...
, which targets the education of young India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n girls. The foundation currently supports the education of approximately 51000 underprivileged girls. Other initiatives include Mahindra Hariyali (a 1 million tree planting campaign) as well as sponsorship of the Lifeline Express
Lifeline Express
The Lifeline Express or Jeevan Rekha Express is a mobile hospital train run by the Impact India Foundation. It was developed in collaboration with the Indian Railways and Health Ministry and has been funded by Impact UK, international charitable sources, Indian corporate houses and individuals...
, a mobile hospital train. Mahindra employees also plan and lead their own service projects through Mahindra’s Employee Social Options Plans. In 2009, more than 35,000 employees participated.
The Mahindra Group was responsible for the creation of Mahindra United World College, a UWC
UWC
UWC may refer to:*United World Colleges, an international group of schools*Ulster Workers' Council, a grouping of loyalist and unionist workers in Northern Ireland responsible for the 1974 Ulster Workers' Strike...
campus located in Pune
Pune
Pune , is the eighth largest metropolis in India, the second largest in the state of Maharashtra after Mumbai, and the largest city in the Western Ghats. Once the centre of power of the Maratha Empire, it is situated 560 metres above sea level on the Deccan plateau at the confluence of the Mula ...
.
Mahindra also supports the Mahindra Excellence in Theatre Awards to recognize Indian theater talent, the Mahindra Indo-American Film Festival, and the Mahindra Lucknow Festival. In 2011, it held the first annual Mahindra Blues Festival with guests like Buddy Guy, Johnny Lang, and Shemekia Copeland. Mahindra also partners with the NBA and Celtic Football Club to bring grassroots basketball and soccer to India.
Leadership
Keshub Mahindra, the Chairman of Mahindra & Mahindra, is a graduate from Wharton, University of Pennsylvania, USA. He joined the company in 1947 and became the chairman in 1963.During his long career he has held many key positions, served on the Board of Directors of several organizations, and been a member of many organizations and committees. He has also held many other important positions, such as Chairman of Bombay Chamber of Commerce and Industry (1966–67), President of ASSOCHAM (1969–70), Chairman of the Indian Institute of Management, Ahmedabad
Indian Institute of Management Ahmedabad
The Indian Institute of Management Ahmedabad , better known as IIM Ahmedabad or simply IIM-A, is a business school located in Ahmedabad, Gujarat, India. It is the second Indian Institute of Management to be established, in 1961.-History:...
(1975–85); Member of the Foundation Board - International Management Institute, Geneva
International Institute for Management Development
IMD - International Institute for Management Development is a non profit business school located in Lausanne, Switzerland.- History & Mission :...
(1984–89); Chairman, India Nominating Committee 'Single Nation Programme', Eisenhower Exchange Fellowships, USA (1998–2005).
Over the years, he has also received numerous awards, including:
NIF-Mody Enterprises Man of the Year Award (1980),
Giants International Business Leadership Award (1972–82),
Madras Management Association Business Leadership Award (1983),
Companion - British Institute of Management(1985),
Chevalier de la Légion d'honneur (1987),
Business India - Businessman of the Year(1989),
Honorary Fellowship of All India Management Association (1990),
Institute of Company Secretaries of India (ICSI) Lifetime Achievement Award for Excellence in Corporate Governance (2004),
Lakshya Business Visionary Award - NITIE (2006),
Indian Business School (IBS) Kolkata Lifetime Achievement Award presented by the Institute of Chartered Financial Analysts of India (ICFAI)(2007)
Mr. Keshub is a "philanthropist who redefined corporate governance by effectively channelising funds into the social sector," notes the group's website.
A blip to the prestigious life and career is the chapter of Union Carbide India Ltd. (of which he was then the chairman) and the Bhopal Gas Tragedy
Bhopal disaster
The Bhopal disaster also known as Bhopal Gas Tragedy was a gas leak incident in India, considered one of the world's worst industrial catastrophes. It occurred on the night of December 2–3, 1984 at the Union Carbide India Limited pesticide plant in Bhopal, Madhya Pradesh, India...
. After the Bhopal Gas Tragedy he was charged and indicted (2010) for causing death due to negligence and sentenced to 2 years' imprisonment and Rs 1 Lakh fine. He was granted bail shortly after being sentenced.
Anand Mahindra is Vice Chairman and Managing Director of Mahindra & Mahindra. He graduated magna cum laude from Harvard University and earned his MBA from Harvard Business School in 1981. He joined the Mahindra Group in 1981 as an Executive Assistant to the Finance Director of the Mahindra Ugine Steel Company. His leadership has helped make Mahindra a global company and strong competitor since India's economic liberalization in 1991. Anand is a notable public figure with a considerable following on Twitter and serves on many boards and committees.