Mahindra Group
 |
|
| Private | |
| Industry | Conglomerate |
| Founded | 1945 |
| Founder |
Jagdish Chandra Mahindra Kailash Chandra Mahindra Malik Ghulam Muhammad |
| Headquarters | Mumbai, Maharashtra, India |
|
Area served
|
Worldwide |
|
Key people
|
Anand Mahindra (Chairman & MD) Keshub Mahindra (Chairman emeritus) |
| Products | Aerospace Aftermarket Agribusiness Automotive Clean energy Construction equipment Consulting Defense Financial services Hospitality Industrial equipment Information technology Logistics Real estate Retail Steel |
| Revenue |
 US$17.8 billion (2016) |
| Profit |
US$373 million (2009) |
|
Number of employees
|
200,000 (2015) |
| Subsidiaries |
Mahindra & Mahindra, SsangYong Motors, Mahindra Aerospace, Mahindra Engineering Services (Merged with Tech Mahindra in 2014), Mahindra & Mahindra Financial Services Limited, Mahindra Gujarat Mahindra Systech, Tech Mahindra, Mahindra Lifespace Developers, Mahindra Ugine Steel Company Mahindra First Choice Services Mahindra Intertrade Limited BSA Company |
| Website | www |
The Mahindra Group is an Indian multinational conglomerate holding company headquartered at Mahindra Towers in Mumbai, India, with operations in over 100 countries around the globe. The group has a presence in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. It is considered to be one of the most reputable Indian industrial houses with market leadership in utility vehicles as well as tractors in India.
Mahindra & Muhammad was incorporated in 1945 by the brothers J.C. Mahindra and K.C. Mahindra and Malik Ghulam Muhammad in Ludhiana, Punjab to trade steel. Following the Partition of India in 1947, Malik Ghulam Muhammad left the company and emigrated to Pakistan where he became the first finance minister of the new state (and later the third Governor General in 1951). In 1948, K.C. Mahindra changed the company's name to Mahindra & Mahindra.
Building on their expertise in the steel industry, the Mahindra brothers began trading steel with UK suppliers. They also won a contract to manufacture Willys Jeeps in India and began producing them in 1947. By 1956, the company was listed on the , and by 1969 the company had entered the world market as an exporter of utility vehicles and spare parts. Like many Indian companies, Mahindra responded to the restrictions of the Licence Raj by expanding into other industries. Mahindra & Mahindra created a tractor division in 1982 and a tech division (now Tech Mahindra) in 1986. It has continued to diversify its operations ever since through both joint ventures and greenfield investments.
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