Anand Mahindra
| Anand Mahindra | |
|---|---|
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|
| Born |
1 May 1955 Mumbai, Maharashtra, India |
| Residence | Mumbai, Maharashtra, India |
| Nationality | Indian |
| Alma mater |
Lawrence School, Lovedale Harvard University Harvard Business School |
| Occupation | Chairman and Managing Director of Mahindra Group |
| Net worth |
 $1.2 billion (2015) |
| Spouse(s) | Anuradha Mahindra. |
| Parent(s) | Harish Mahindra (father) Indira Mahindra (mother) |
| Website | www |
Anand Mahindra (born 1 May 1955) is the chairman and managing director of Mahindra Group. His grandfather JC Mahindra co-founded the company in Mumbai, India. Founded as a steel trading company, the Group today has a presence in multiple sectors from agribusiness to aerospace. It is considered to be one of the most reputed Indian industrial houses with market leadership in many business verticals including utility vehicles, tractors (world's largest tractor company by volume), after market (India's largest multi-brand pre-owned car company), finance (largest rural NBFC in India), Holidays (India's largest vacation ownership company) and IT (top 5 IT service provider).
Hailed as 'The Federator' by Forbes (India) Magazine, Anand Mahindra started his career at Mahindra Group with Mahindra Ugine Steel Company Ltd. as Executive Assistant to the Finance Director and in 1989, was appointed President and Deputy managing director of that company. During his stint at MUSCO, he initiated the Mahindra Group's diversification into the new business areas of real estate development and hospitality management and in August 2012, took over as chairman and managing director of the Mahindra Group from his uncle Keshub Mahindra
He is included by Fortune Magazine among the 'World's 50 Greatest Leaders' and featured in the magazine's 2011 listing of Asia's 25 most powerful business people. Anand has also been noted by Forbes (India) as their 'Entrepreneur of the Year' for 2013.
After graduating from Harvard Business School, Anand Mahindra joined Mahindra Ugine Steel Company Ltd (MUSCO), as Executive Assistant to the Finance Director. In 1989 he was appointed President and Deputy managing director of the company. In the summer of 1991, he was appointed Deputy managing director of Mahindra & Mahindra Ltd., a producer of off-road vehicles and agricultural tractors in India.
During his time at M&M Ltd., Anand initiated a comprehensive change program to make the company an efficient and aggressive competitor in the newly liberalised economic environment in India. In April 1997, he was appointed managing director of Mahindra & Mahindra Ltd, and in January 2003 given the additional responsibility of vice-chairman. On 9 August 2012, he was appointed chairman and managing director. Anand is also a co-promoter of Kotak Mahindra Finance Ltd, which was converted into a bank in 2003.
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