Introduction To Mahindra Group:
Mahindra Group is an Indian multinational conglomerate, headquartered in Mumbai. The company has a presence in more than 100+ countries, the company has a presence in agribusiness, automotive components, finance and insurance, industrial equipment, IT, retail and education, defense energy, logistics, consulting, leisure and hospitality, and vehicles.
Mahindra and Mahindra Limited was established in 1945, M&M is one of the largest vehicle manufacturers by production in India.
Founder:
Kailash Chandra Mahindra, Jagdish Chandra Mahindra, and Malik Ghulam Muhammad founded M&M on the 2nd of October,1945 in Punjab, Ludhiana, India they started as a steel trading company.
In 1948, Malik Ghulam Muhammad moved to Pakistan, and the Mahindra brothers were left with stationary and a company stamp that said M&M since there were 2 Mahindra brothers left in the business they decided to change the name of the company to Mahindra and Mahindra Limited.
Products and Finance:
Mahindra started its production and selling MUVS and SUVS, and entered the market of vehicles, soon they started their production with jeep manufacturing in India and then with tractors.
Mahindra has a wide range of products in farming tools like tractors and has won many awards for its built quality.
Mahindra and Mahindra Limited have a revenue of 1.22 Lakh crore INR as of 2023, the company has 2,60,000 employees as of 2023, net income of the company is INR 11,187 crore (2023). The current stock price of Mahindra and Mahindra Limited is 2,080.90 INR as of 08 April 2024.
Acquisition:
In 1999, Mahindra purchased 100% of Gujarat Tractors from the Gujarat government, and in 2017 it was renamed as Gromax Agri Equipment Limited.
In 2007, M&M acquired (Punjab Tractor Limited) PTL and transformed it into the Swaraj division.
In 2008 they entered into the two-wheeler industry by taking over Kinetic Motor in India.
In 2010, M&M took a 55% stake in REVA Electric Car Company, and in 2016, they completely acquired it and renamed it Mahindra Electric Mobility Ltd.
In December 2023, Mahindra & Mahindra acquired a 60.01% stake in Emergent Solren Private Limited
Achievements of Mahindra & Mahindra:
- Bombay Chamber Good Corporate Citizen Award 2006-07.
- Businessworld FICCI-SEDF Corporate Social Responsibility Award 2007.
- The Brand Trust Report ranked M&M as India’s 10 Most Trusted Brand.
- Deming Prize for farm equipment in 2003.
- Japan Quality Medal in 2007.
- The US reputation ranked as top 10 among Indian companies in its ‘Global 200’.
- Mahindra won the top corporate Governance and CSR awards at the Asimoney Awards 2016.
- Mahindra was named ‘Manufacturing Innovator of the Year’ by Time India Awards in 2017.
Key persons of Mahindra and Mahindra Limited:
Keshub Mahindra:
Keshub Mahindra was an Indian businessman and the chairman emeritus of the Mahindra Group. He was the son of K C Mahindra, the co-founder of the Mahindra group.
Anand Mahindra:
Anand Mahindra is an Indian billionaire and Chairman of the Mahindra Group. Mahindra is the grandson of Jagdish Chandra Mahindra, co-founder of Mahindra & Mahindra. The worth of Anand Mahindra is $300 crores and ranked 78 on India Rich List Rank 2013 by Forbes.
Dr Anish Shah:
Dr. Anish Shah is the Group CEO of the Mahindra Group and the Managing Director of Mahindra & Mahindra Ltd, the parent company of the Mahindra Group. Dr Anish Shah has a total yearly compensation of ₹164.40 million.
Rajesh Jejurikar:
Rajesh Jejurikar has been Executive Director and CEO (Auto and Farm Sector) at Mahindra & Mahindra Ltd., since 2020.
Disclaimer: The Above Information has been taken from wikipedia.
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