Section 34
Anand Mahindra
Grew Mahindra & Mahindra from a $177 million company in 1991 into a broad global group. (Mahindra Group)
- life
- Born 1955
- era
- 1991 to 2010
- $177 million
- Mahindra & Mahindra turnover when he became deputy MD · 1991
The story
Anand Mahindra graduated from Harvard College in 1977 and took an MBA from Harvard Business School in 1981. He then joined Mahindra Ugine Steel Company (MUSCO) as assistant to its finance director, not at the top.
In 1989 he became president and deputy managing director of MUSCO and started the group's move into real estate and hospitality.
In 1991, the year India opened its economy, he became deputy managing director of Mahindra & Mahindra, then a company with a turnover of US$177 million. He became managing director in 1997, vice chairman in 2001 and chairman and managing director in August 2012.
Timeline
- 1981Joins MUSCO as assistant to the finance director.
- 1989Becomes president and deputy MD of MUSCO.
- 1991Becomes deputy MD of Mahindra & Mahindra.
- 1997Appointed managing director in April.
- 2001Also becomes vice chairman in January.
- 2012Becomes chairman and managing director in August.
- 2016Re-designated executive chairman in November.