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Anand Mahindra To Head Mahindra Group
Mr Keshub Mahindra is said to have expressed his desire to retire after the annual general body meeting of the company to be held in August. He will continue to be the Mahindra Groups Chairman emiratus while Mr Anand Mahindra will be made Chairman & Managing Director.
Mr Keshub Mahindra has been the chairman of the Mahindra Group since 1963 and he has been pivotal in the growth of the company. Heaping praise on his uncle Mr Anand Mahindra has said: “Mr. Keshub Mahindra has been a role model for business leaders and a true Statesman. He has built an organization that cares and is known for its ethics and social responsibility, and has shown by example how one remains steadfast in turbulence and navigates in crisis without sacrificing ethics and values.”
“I have had the privilege to work with Mr. Keshub Mahindra for the last twenty one years and will do my best to uphold the highest standards he had set for himself as Chairman. I am glad he has agreed to accept the position of Chairman Emeritus and I look forward to the benefit of his advice and guidance as we move ahead.”
The Mahindra Group now has a presence in several sectors including automobiles, tractors, auto components, I.T., real estate, financial services and hospitality. Mahindra is India's leading utility vhicle manufacturer. Mahindra and Mahindra currently sells the Bolero, scorpio, Xylo, XUV 500 SUVs and the Verito sedan in the passenger vehicle segment. It also builds tractors for agricultural purpose, buses, trucks and light commercial vehicles.
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