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Anand Mahindra
Chairman, Mahindra GroupBirth DetailsMay 1, 1955 | Mumbai, Maharashtra, India
NationalityIndian
LeagueBusiness Leader
EducationMBA, Harvard Business School, Harvard University
Net Worth$1.2 billion (as of May 27, 2020)
Anand Mahindra's assets:
Anand Mahindra’s Journey so far...
Before you go...
- Stake in Mahindra & Mahindra
- Stake in Kotak Mahindra Bank
Anand Mahindra’s Journey so far...
- Anand Gopal Mahindra completed his MBA from Harvard Business School in 1981, and joined the erstwhile Mahindra Ugine Steel Co (MUSCO) as an Executive Assistant to the Finance Director
- He was appointed as the MD of Mahindra & Mahindra Limited (M&M) in 1997, in 2012, he took up the role of Chairman of the Mahindra Group replacing his uncle Keshub Mahindra, who retired after 48 years in service.
- Under his leadership, the Mahindra Group has grown to a $20.7-billion conglomerate and has a presence in various sectors including aerospace, powerboats, automotive, agriculture, hospitality, finance, software and real estate
- Mahindra played an active role in the acquisition of some marque brands across the globe namely Ssangyong Motors, Peugeot Motorcycles, Gippsland Aeronautics, Aerostaff Australia, BSA, Jawa and Pininfarina S.p.A.
- In one of his biggest domestic acquisitions, he helped Tech Mahindra acquire Satyam Computers in 2009 after it was hit by an accounting scandal featuring founder B Ramalinga Raju. Tech Mahindra outbid Larsen & Toubro and WL Ross to acquire Satyam for about Rs 2900 crore.
- With over seven decades in operation, the Mahindra Group now consists of over 150 companies, is present in more than a hundred countries, and employs over 2,50,000 people.
- One of Mahindra's biggest interests is education and he has taken various initiatives on this front. He is a trustee of the K.C. Mahindra Education Trust which provides scholarships, grants and loans to disadvantaged students. In 1996, he Mahindra founded Nanhi Kali, a branch of the trust that provides education to over 3 lakh underprivileged girls in India. He also serves on the board of the Mahindra United World College of India.
Before you go...
- Anand Mahindra was awarded the Padma Bhushan, India's third-highest civilian award, in 2020
- In 2016, he was conferred with one of France's highest awards, 'Knight in the National Order of the Legion of Honour'.
- Right from his early days, Mahindra had interests in visual arts and photography, and filmmaking was one of his majors in college.
- He loves listening to Blues and every year the Mahindra Group organises the Mahindra Blues Festival, which is the largest of its kind in Asia.
- With over 7.5 million followers, Anand Mahindra is one of India Inc's most influential leaders on the social media platform Twitter
Last Updated: 15/02/2021
Anand Mahindra News
Mid and small IT companies showed sustained improvement in revenue, profit share in March ’24 quarterSmall and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM FinancialStating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
Banking stocks lift Sensex, Nifty to new heights in July openingD-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the banking gauge up by 0.44%. Tech Mahindra, Wipro, Bajaj Finance, Grasim Industries, and UltraTech Cement were among the top gainers, while NTPC, Eicher Motors, Apollo Hospitals Enterprise, SBI, and Dr. Reddy's Laboratories experienced declines. Market capitalisation of all the BSE listed companies increased by Rs 344,798 crore.
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Indian carmakers post SUV-led June sales growth amid heat wavesCarmakers Mahindra & Mahindra, Toyota Motor Corp's Indian unit, and Kia Motor reported increased car sales in June. This rise was driven by demand for sports utility vehicles (SUVs), despite heat waves affecting purchase decisions.
Mahindra sales rise 11 pc to 69,397 units in JuneMahindra & Mahindra reported an 11 percent increase in wholesales year on year for June, totaling 69,397 units. The company's total dispatches to dealers reached 62,429 units in June 2023.
Warehouse operators take shine to solar power, rework logisticsThe move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
Anant Ambani pre-wedding dinner: Billionaire Anand Piramal opts to arrive in Toyota Camry; wins netizens' heartsBillionaire Anand Piramal garnered praise on social media for arriving at his brother-in-law’s pre-wedding dinner at Antilia in a Toyota Camry. Despite the presence of luxury cars like Maybachs and Rolls Royces, Piramal’s choice of the Camry, priced at less than Rs 60 lakh, highlighted his simplicity. Anand Piramal, married to Isha Ambani, daughter of Mukesh Ambani, is the heir to the Piramal Group. Social media users admired his down-to-earth nature, with comments emphasizing his modesty.
187 BSE500 stocks offer double digit returns as markets scaled new heights in JuneThe India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
Personal loans dearer post RBI risk nudgeBanks adapt to RBI's risk weight changes by adjusting rates and enhancing capital adequacy. The pricing of new loans reflects increased risk, ensuring stability in unsecured lending. Tightened underwriting standards support sustained growth and portfolio quality, aligning with regulatory directives to manage loan risks effectively.
Nifty Bank sees profit-booking; 52,000 likely to act as support: ExpertsNifty Bank slides to 52,342, experts predict 52,000 support level amid consolidation. PSU banks gain, while private banks face selling pressure. Nifty50 holds 24K mark despite 33 point dip.
Tech Mahindra CEO Mohit Joshi says FY25 will be turnaround yearAs per Tech Mahindra chairman Anand Mahindra, as organisations strive to stay ahead in the digital race, IT services will play a key role in enhancing technology by integrating AI seamlessly into the core business functions. “The race does not necessarily belong to the large or the most specialised. The winners will be companies that are agile, well-prepared and can scale at speed,” he said.
Technology a golden thread that binds enterprise' work to future world; AI strengthens it: Anand MahindraAnand Mahindra said the future belongs to those who can creatively weave this golden thread into a value-enhancing business tapestry. Penning down his thoughts in the annual report 2023-24 of Tech Mahindra, the billionaire businessman said it is impossible to talk about any business without technology.
Only 3% of India’s 62 million business owners have SME insurance: ICICI Lombard’s Anand SinghiOur focus on end-to-end risk management for MSMEs through various tailored digital solutions makes us different, says Anand Singhi, Chief of Retail and Government Business at ICICI Lombard.
F&O stocks to buy today: IGL, Tech Mahindra among top 8 trading ideas for 28 June 2024The Nifty future closed positive with gains of 0.75% at 24047 levels on Thursday. India VIX was up by 0.78% from 14.04 to 14.15 levels.
Nifty Bank climbs Mt 53K; here are important levels to track on FridayThe index hit a record high of 53,180, but pared most of the intraday gains and ended with a loss of 59 points at 52,811. IndusInd Bank, Axis Bank and Kotak Mahindra Bank were among top gainers while selling was seen in IDFC First Bank, Bandhan Bank, AU Small Finance Bank and PNB.
Sunil Subramaniam of Sundaram Mutual Fund retires, Anand Radhakrishnan takes over as MDThe notice-cum-addendum is a crucial update for Sundaram Mutual Fund schemes, reflecting the recent managerial changes and my appointment as the new Managing Director.
Global Chess League to generate business value of $40 m in 5 years: Tech Mahindra CEO Mohit JoshiThe Global Chess League (GCL), initiated by Mahindra Group chairman Anand Mahindra, is projected to generate over $40 million in business value over five years, according to Tech Mahindra's CEO Mohit Joshi. The league, a joint venture with the International Chess Federation (FIDE), is the world's first franchise-based chess league and targets expansion into the US and Europe alongside India. With six current teams and plans to expand to eight teams from the third season, GCL aims to boost engagement across social media and TV platforms.
- Gandoh Encounter: '3 terrorists neutralized, arms recovered', says Jammu’s ADGP Anand JainDoda (J&K): Security forces’ encounter with terrorists took place in Doda’s Gandoh on June 26. Additional Director General of Police of Jammu Anand Jain said that three terrorists have been neutralised in this encounter. He further told ANI that two M-4s and one AK-47 rifle have been recovered. He said, "Three terrorists have been neutralised in this encounter and arms and ammunition have been recovered from them. A search operation is going on in the area. We launched a search operation as soon as we received information of the presence of terrorists. Two M-4s and one AK-47 rifle have been recovered."Gandoh Encounter: '3 terrorists neutralized, arms recovered', says Jammu’s ADGP Anand Jain
F&O stocks to buy today: ICICI Bank, Biocon among top 6 trading ideas for 27 June 2024Experts suggest buying opportunities in stocks like Indus Tower, ICICI Bank, Grasim Industries, and Kotak Mahindra Bank for short-term traders, as per recommendations on ETNow.
Accumulate NLC India, target price Rs 300: Anand RathiNLC India Ltd., incorporated in the year 1956, is a Mid Cap company (having a market cap of Rs 33528.87 Crore) operating in Power sector.
BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HCTata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’s ETtech Morning Dispatch.
IT firms chasing acquisitions to enhance their topline and skillsIndian information technology (IT) services are banking on acquisitions to fuel growth amid a dire need for investments in new capabilities, especially GenAI, as a slowdown in global demand keeps away opportunities for organic expansion.
Fairfax Group likely to sell 9.72% in CSB BankAccording to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity belonging to Fairfax Group is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of ₹352.4 per share. The floor price represents a 1% discount to Wednesday's closing price of ₹355.95.
Credit Card issuance soars despite worries over unsecured loansCredit card base in India grew 18% YoY to reach 103 million, with HDFC bank adding the most new cards. However, Kotak Mahindra bank saw a sharp drop amid RBI restrictions. Card spending also grew 17% YoY to reach Rs 1.65 trillion. The credit card industry has seen a continuous decline due to caution about large unsecured loans and asset quality issues.
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