Days after re-entering the Forbes billionaire record of 2023, Keshub Mahindra passed on to the great beyond on the age of 99 on Wednesday. The chairman emeritus of Mahindra & Mahindra held the name of India’s oldest billionaire with a web price of $1.2 billion. After serving because the Mahindra team chairman for 48 years, he retired in 2012 and handed at the baton to nephew Anand Mahindra.
Former managing director of M&M, Pawan Okay Goenka took to Twitter and wrote, “The industrial world has lost one of the tallest personalities today. Shri Keshub Mahindra had no match; the nicest person I’ve had the privilege of knowing. I always looked forward to meetings with him and was inspired by how he connected business, economics and social matters. Om shanti.”
5 issues to find out about Keshub:
- An alumnus of Wharton, University of Pennsylvania, Keshub joined his father’s corporate in 1947. He helped steer the conglomerate from being an insignificant application car producer to make bigger into tool services and products, hospitality, and actual property sectors. The initially car centered Mahindra team is referred to now for its numerous trade portfolio.
- Under his management, M&M got Punjab Tractors and Gujarat Tractors, South Korean corporate SsangYong Motor, entered the two-wheeler marketplace and in addition marked a foray into the electrical car (EV) marketplace via purchasing REVA. He used to be additionally instrumental in sewing trade partnerships with Willys Corporation, Mitsubishi, International Harvester, United Technologies, British Telecom amongst others.
- Keshub, additionally recognized for his philanthropic interests, labored carefully with the KC Mahindra Education Trust, which grants scholarships throughout classes. He additionally based the Housing and Urban Development Corporation (HUDCO).
- The Mahindra patriarch has served at the forums of a number of corporations together with SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC, and ICICI. He used to be additionally a part of the Sachar Commission on Company Law & MRTP and the Central Advisory Council of Industries and a member of the Prime Minister’s Council on Trade & Industry in New Delhi from 2004 to 2010.
- He won the Chevalier de l’Ordre National de los angeles Legion d’honneur from the French govt for his efforts in remodeling India’s indigenous auto trade.