Mahindra and Mahindra
Mahindra Rise
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| Public | |
| Traded as | : BSE SENSEX Constituent |
| Industry | Automotive |
| Founded | 1945 (Ludhiana) |
| Headquarters | Mumbai, Maharashtra, India |
|
Area served
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Worldwide |
|
Key people
|
Anand Mahindra (Executive Chairman) Pawan Goenka (MD) |
| Products | Automobiles, commercial vehicles, two-wheelers |
| Revenue |
 ₹72,474 crore (US$11 billion) (2015) |
|
₹8,793 crore (US$1.3 billion) (2015) |
|
|
₹2,592 crore (US$390 million) (2015) |
|
| Total assets |
₹61,239 crore (US$9.1 billion) (2015) |
|
Number of employees
|
34,612 (Mar-2013) |
| Parent | Mahindra Group |
| Subsidiaries |
Mahindra two Wheelers limited SsangYong Motor Company Peugeot Motorcycles (51%) |
| Website | www.mahindra.com |
Anand Mahindra (Executive Chairman)
Mahindra and Mahindra Limited (M&M) is an Indian multinational automobile manufacturing corporation headquartered in Mumbai, Maharashtra, India. It is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors in the world. It is a part of Mahindra Group, an Indian conglomerate.
It was ranked 21st on a list of top companies in India by Fortune India 500 in 2011.
Its major competitors in the Indian market include Maruti Suzuki, Tata Motors, Ashok Leyland and others.
Mahindra & Mahindra was set up as a steel trading company in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed. After India gained independence and Pakistan was formed, Mohammed emigrated to Pakistan. The company changed its name to Mahindra & Mahindra in 1948. It eventually saw a business opportunity in expanding into manufacturing and selling larger MUVs, starting with the assembly under licence of the Willys Jeep in India. Soon established as the Jeep manufacturers of India, the company later commenced manufacturing light commercial vehicles (LCVs) and agricultural tractors. Today, Mahindra & Mahindra is a key player in the utility vehicle manufacturing and branding sectors in the Indian automobile industry with its flagship Mahindra XUV500 and uses India's growing global market presence in both the automotive and farming industries to push its products in other countries.
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Wikipedia