Mr. Anand Mahindra, Vice Chairman and Managing Director, Mahindra & Mahindra Ltd., has been appointed Chairman of the Mahindra Group. He takes over from Mr. Keshub Mahindra who has retired after 48 years at the helm and will continue to guide the group as Chairman Emeritus on the request of the Board.
Mr. Anand Mahindra was appointed Managing Director of Mahindra & Mahindra Ltd. in 1991 and was given the additional responsibility of Vice Chairman in 2003. Under his stewardship, the $15.4 billion group has evolved into a socially and environmentally responsible global federation of companies with a leading presence in each sector in which it is present.
Mahindra is present across the automotive spectrum, from two-wheelers, three-wheelers, commercial vehicles, SUVs and MPVs to sedans, tractors, and even powerboats and aircraft. In addition, the group’s diversified nature of business spans many frontiers – automotive components, finance, insurance, IT, retail, real estate, hospitality, logistics and after-market, to name a few.
Fortune magazine has named Mr. Anand Mahindra one of the top 25 most powerful business people in Asia for 2011. During his tenure, the Mahindra Group has also grown inorganically, seizing opportunities across the globe. Recent acquisitions include Ssangyong Motors, Reva Electric Car Company, Satyam Computer Services, Aerostaff Australia and Gippsland Aeronautics, among others.
A thought leader in Indian business, Mr. Anand Mahindra serves many industry confederations, national and international, and was co-Chair of the WEF Davos in 2009. He represents Indian industry at several global meets. Appointed in November 2011 as Honorary Ambassador of Foreign Investment Promotion for Korea for a period of two years, he also serves as a member of the International Advisory Board of Singapore’s Economic Development Board.
He also served on the Boards of the National Stock Exchange of India (NSE) and the National Council of Applied Economic Research (NCAER), and was President of the Confederation of Indian Industry (CII) in 2003-04 and also President of the Automotive Research Association of India (ARAI).