Anand G. Mahindra?
Current Job: Managing Director of? Mahindra & Mahindra Limited
MBA Harvard Business School
BA? Harvard College, Cambridge U.S.A
Anand G. Mahindra is a Promoter and has been Managing Director of Mahindra & Mahindra Limited since April 1997. Mr. Mahindra joined Mahindra Ugine Steel Company Limited in 1981, where he served as President and Deputy Managing Director since 1989. He served as Deputy Managing Director of Mahindra & Mahindra Limited in April, 1991. During his tenure in Mahindra & Mahindra Limited, he has spearheaded a series of comprehensive change programs in Mahindra & Mahindra Ltd.,? designed at making Mahindra & Mahindra Ltd., an efficient and aggressive competitor in the new liberalized economic environment.
Mahindra was a co-promoter of Kotak Mahindra Finance Ltd., which in 2003 was converted into a bank. Kotak Mahindra Bank is one of the foremost private sector banks today. AlsoTech Mahindra, is also a IT part of the M&M group which is one of the fastest growing in the industry.It was under Anand Mahindra, the company launched India?s best loved SUV, the Scorpio, which today is being sold world-wide.
Mr. Mahindra graduated with a BA Degree Magna cum Laude from Harvard College, Cambridge U.S.A in 1977 and MBA from Harvard Business School in 1981. Anand Mahindra considered going into the movie industry after Harvard College. Instead, he opted for HBS and then a job in Mumbai with his father at Mahindra Ugine Steel (MUSCO). Soon after he joined,he was given the task to restructure and diversify MUSCO. That was the preparation he needed to join utility vehicle and tractor maker Mahindra & Mahindra in 1991. Anand Mahindra has been leading M&M?s charge into the ranks of the world?s global corporations ever since.
To transform an old-line Indian firm into a global powerhouse, Mahindra has also made the most of joint ventures, initially a 1993 deal that enabled Ford to manufacture and market the Escort in India. ?We were then making open-top Jeeps and didn?t have a clue how to make a mass-market car,? he says. ?Thanks to a decadelong alliance with Ford, we?ve learned how to do that.? In 2002, M&M launched its own sports utility vehicle, the Scorpio, which is now being exported to countries such as Italy, Russia, and South Africa. A hybrid version will hit U.S. showrooms within a few years, a prime example of Mahindra?s insistence on innovation.
A recent limited joint venture with Renault to manufacture the French carmaker?s low-cost sedan, the Logan, is now exploring ways to expand the boundaries of the alliance to include new products and markets. ?Going global is terribly complex and challenging,? Mahindra explains. ?Companies from emerging markets need to be eclectic in their alliances, so that they can learn as much as possible about things like technology, procurement, and marketing.?
He frequently contributes to some of India’s leading business magazines and periodicals on business and general economic subjects. Mr. Mahindra is the recipient of the following awards: ‘Knight of the Order of Merit’ by the President of the French Republic., Rajiv Gandhi Award 2004 for outstanding contribution in the business field, 2005 Leadership Award from the American India Foundation for his, and the Mahindra Group’s commitment to corporate social responsibility, Person of the Year 2005 from Auto Monitor, Chief Executive Officer of the Year from India Brand Summit 2006 and CNBC Asia Business Leader Award for the year 2006.
No related posts.