Mahindra Group is an Indian multinational

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

, headquartered in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...

. The group has operations in over 100 countries, with a presence in

aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit w ...

, aftermarket automotive components, construction equipment,

defence Defense or defence may refer to: Tactical, martial, and political acts or groups * Defense (military), forces primarily intended for warfare * Civil defense, the organizing of civilians to deal with emergencies or enemy attacks * Defense indust ...

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of hea ...

, farm equipment, finance and insurance, industrial equipment,

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system ...

leisure Leisure has often been defined as a quality of experience or as free time. Free time is time spent away from business, work, job hunting, domestic chores, and education, as well as necessary activities such as eating and sleeping. Leis ...

and

hospitality Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis de Jaucourt, Louis, chevalier de J ...

logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

and

education Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty. ...

. The group's flagship company

Mahindra & Mahindra Mahindra & Mahindra Limited (M&M) is an Indian Multinational corporation, multinational Automotive industry, automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed as Ma ...

has market leadership in utility vehicles as well as tractors in India.

History

Mahindra & Mahindra was incorporated as Mahindra & Mohammed in 1945 by the brothers

J. C. Mahindra Jagdish Chandra Mahindra commonly referred as J. C. Mahindra (c 1892–1951) was an Indian industrialist and co-founder of Mahindra & Mahindra in 1945, with Kailash Chandra Mahindra and Malik Ghulam Mohammed. Herdeck, p. 209 He is the ...

and K. C. Mahindra, and

Malik Ghulam Muhammad Sir Malik Ghulam Muhammad ( ur, ; 20 April 1895 – 29 August 1956), was a Pakistani politician and financier who served as the third governor-general of Pakistan, appointed in this capacity in 1951 until being dismissed in 1955 due to heal ...

Ludhiana Ludhiana ( ) is the most populous and the largest city in the Indian state of Punjab. The city has an estimated population of 1,618,879 2011 census and distributed over , making Ludhiana the most densely populated urban centre in the state. ...

Punjab Punjab (; Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the Indian subcontinent, comprising ...

to trade steel. Following the

Partition of India The Partition of British India in 1947 was the Partition (politics), change of political borders and the division of other assets that accompanied the dissolution of the British Raj in South Asia and the creation of two independent dominions: ...

in 1947, Malik Ghulam Muhammad left the company and emigrated to

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

, where he became the first finance minister of the new state (and later the third Governor General in 1951). In 1948, K. C. Mahindra changed the company's name to

. Building on their expertise in the steel industry, the Mahindra brothers began trading steel with UK suppliers. They 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 BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...

, and by 1969 the company became an exporter of

utility vehicle A utility vehicle is a vehicle, generally motorized, that is designed to carry out a specific task with more efficacy than a passenger vehicle. It sometimes refers to a small truck with low sides. Types of utility vehicles Military light ...

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 A tractor is an engineering vehicle specifically designed to deliver a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery such as that used in agriculture, mining or construction. Most comm ...

division in 1982 and a tech division (now Tech Mahindra) in 1986. It has continued to diversify its operations 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 Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exch ...

and

Financial services Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companie ...

;

Information Technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system ...

; and Automotive Components (known internally as Systech). The new

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

Anand Mahindra Anand Gopal Mahindra (born 1 May 1955) is an Indian billionaire businessman, and the chairman of Mahindra Group, a Mumbai-based business conglomerate. The group operates in aerospace, agribusiness, aftermarket, automotive, components, constru ...

, followed this reorganization with a new logo in 2000 and the successful launch of the Mahindra Scorpio (a wholly indigenously designed vehicle) in 2002. Along 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.' In April 2012, the Mahindra Group expressed interest in purchasing the bankrupt automobile company Saab, and placed several bids for Saab, though was outbid by Saab's new owner National Electric Vehicle Sweden.

Affiliated Companies

* Aerospace :* Mahindra Aerospace * Aftermarket :* Mahindra FirstChoice Services :* Mahindra First Choice Wheels * Agribusiness :* Mahindra Agribusiness Division :* EPC Mahindra * Automotive :*

:* Mahindra Truck & Bus :* Mahindra Electric :* Mahindra Two Wheelers :* GenZe :* Jawa Moto :*

Pininfarina Pininfarina S.p.A. (short for Carrozzeria Pininfarina) is an Italian car design firm and coachbuilder, with headquarters in Cambiano, Turin, Italy. The company was founded by Battista "Pinin" Farina in 1930. On 14 December 2015, the Indian ...

Automobili Pininfarina Automobili Pininfarina GmbH is a luxury electric vehicle (EV) manufacturer headquartered in Munich, Germany, with roots in the Italian car design firm and coachbuilder Pininfarina SpA. The company also has a design facility and office locations ...

Peugeot Motocycles Peugeot is a French manufacturer of scooters and small motorcycles. History Peugeot built their first motorcycle in 1898 with a De Dion-Bouton engine mounted on the rear wheel. This model was shown at the 1898 Paris Exhibition but was not put ...

* Components :* Engines Engineering :* Mahindra Castings :* Mahindra Composites :* Mahindra Engineering :* Mahindra Gears and Transmissions :* Mahindra Forgings :* Mahindra Hinoday Ltd :* Mahindra Intertrade :* Mahindra Sona Ltd. :* Mahindra Steel Service Centre :* Mahindra Systech :* Mahindra Ugine Steel :* Metalcastello S.p.A. * Consulting :* Mahindra Integrated Business Solutions :* Mahindra Consulting Engineers :* Mahindra Logisoft :* Mahindra Special Services Group * Defence :* Mahindra & Mahindra – Military Defence Division :* Defence Land Systems * Education :* Mahindra United World College of India :* Mahindra École Centrale * Energy :* Mahindra & Mahindra – Energy Division :* Mahindra Solar One :*

Mahindra Susten Mahindra Susten Pvt. Ltd., formerly Mahindra EPC Services Pvt. Ltd. , is part of the USD 19 billion Mahindra Group. They are a portfolio company under the Cleantech arm of Mahindra Partners. In April 2013, Mahindra EPC had its 20 MW solar po ...

* Farm equipment :* Mahindra & Mahindra – Farm Equipment Division :* Mahindra USA Inc :* Mahindra Yueda (Yancheng) Tractor Co :* Mahindra Tractors :* Erkunt Tractor :*Gromax Agri Equipment :* Mahindra Swaraj :*

Jiangling Tractors Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi. JMCG has various production facilities and, ...

* Financial services :*

Mahindra & Mahindra Financial Services Limited Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country. Mahindra Finance started ...

:* Mahindra Insurance Brokers :* Mahindra Rural Housing Finance :* Mahindra Mutual Fund * Hospitality :* Mahindra Holidays and Resorts * Industrial equipment :* Mahindra Conveyor Systems * Information technology :* Tech Mahindra :*

Mahindra Comviva Comviva (formerly known as Mahindra Comviva) is a telecommunications company headquartered in Gurgaon, Haryana, with additional offices in Bangalore and Mumbai. It also has offices in Johannesburg, Kenya, Abidjan, Nigeria, Dubai, Sri Lanka, Bang ...

Bristlecone The term bristlecone pine covers three species of pine tree (family Pinaceae, genus '' Pinus'', subsection ''Balfourianae''). All three species are long-lived and highly resilient to harsh weather and bad soils. One of the three species, ''P ...

:* CanvasM * Logistics :* Mahindra Logistics :* Smart Shift * Luxury boats :* Mahindra Marine Private Limited * Ecommerce :* M2ALL * Real estate :*

Mahindra Lifespaces Mahindra Lifespace Developers Ltd. is an Indian real estate and infrastructure development company headquartered in Mumbai, India. The company was founded in 1994 and is part of the Mahindra Group. The company is engaged in residential develop ...

:* Mahindra World City * Retail :* Mahindra Retail * Sports :* Mahindra United FC :* Mahindra Racing *Media :*

Hungama Digital Media Entertainment Hungama Digital Media is an Indian digital entertainment company, headquartered in Mumbai, India. The company was first launched in 1999 by Ashish Kacholia, Hiren Ved, Lashit Sanghvi, Rakesh Jhunjhunwala, and Neeraj Roy as an online promotions ...

Pinkvilla Pinkvilla is an Indian entertainment and lifestyle platform. As of June 2022, Pinkvilla has over 5,00,00,000 visitors on its website and app. Overview Pinkvilla covers entertainment and lifestyle stories. Its coverage extends to Bollywood, Ho ...

:* Elle India :*

Elle Decor ''Elle'' (stylized ''ELLE'') is a worldwide women's magazine of French origin that offers a mix of fashion and beauty content, together with culture, society and lifestyle. The title means "she" or "her" in French. ''Elle'' is considered the ...

* Defunct :*

Mahindra Satyam Mahindra Satyam (formerly Satyam Computer Services Limited) was an Indian information technology (IT) services company based in Hyderabad, India, offering software development, system maintenance, packaged software integration and engineerin ...

:* Mahindra Renault

Community initiatives

The Mahindra Group is extensively involved in

philanthropy Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

and volunteering. It is considered an active participant in the Indian

Corporate Social Responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...

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

). Founded in 1953 by K.C Mahindra, the trust focuses primarily on fostering

literacy in India Literacy in India is a key for social-economic progress. The 2011 census, indicated a 2001–2011 literacy growth of 97.2%, which is slower than the growth seen during the previous decade. An old analytical 1990 study estimated that it would tak ...

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 is an Indian non-governmental organisation that supports education for underprivileged girls in India. History Founded by Anand Mahindra in 1996, it is jointly managed by the Naandi Foundation and the KC Mahindra Education ...

, which targets the education of young

India India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...

n girls. The foundation currently supports the education of approximately 153,190 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 Pune (; ; also known as Poona, ( the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million As of 2021, Pune Metropolitan Region is the largest i ...

. Mahindra 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 including Buddy Guy, Johnny Lang, and Shemekia Copeland at the Mehboob Studios in Mumbai. Mahindra partners with the NBA and Celtic Football Club to bring grassroots basketball and football to India.

Leadership

Keshub Mahindra, the Chairman Emeritus of Mahindra & Mahindra, is a graduate of

Wharton Business School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in ...

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...

, USA. He joined the company in 1947 and became the chairman in 1963. During his career he has also been 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 (IIM Ahmedabad) is the world's number 1 business school, located in Ahmedabad, Gujarat, India. The school has been accorded the status of an Institute of National Importance by Ministry of Human Resour ...

(1975–85); Member of the Foundation Board – International Institute for Management Development (1984–89) His awards include: 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), ICFAI Business School (IBS) Kolkata Lifetime Achievement Award presented by the Institute of Chartered Financial Analysts of India (ICFAI)(2007) At the time of the

Bhopal Disaster The Bhopal disaster, also referred to as the Bhopal gas tragedy, was a chemical accident on the night of 2–3 December 1984 at the Union Carbide India Limited (UCIL) pesticide plant in Bhopal, Madhya Pradesh, India. Considered the world's ...

he was managing director of Union Carbide India Ltd.(In 2010 he was charged and indicted 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.

is chairman and managing director of Mahindra & Mahindra. He graduated from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

and earned his MBA from

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...

in 1981. He joined the Mahindra Group in 1981 as an Executive Assistant to the Finance Director of the Mahindra Ugine Steel Company.

References

External links