MUMBAI: After a protracted innings of 50 years, Arun Nanda has introduced his retirement as chairman of Mahindra Holidays & Resorts, an organization he’s credited to have constructed globally.
The 74-year-old Nanda has knowledgeable the board that he’s going to no longer search reappointment, in line with the age prohibit for non-executive roles and can retire at the once a year basic assembly on July 25.
In 2022, Nanda steps down as chairman of Mahindra Lifespaces, two years forward of retirement age. Although Nanda will proceed as director of Mahindra Holdings, his retirement from key firms marks the end result of an illustrious profession with Mahindra Group.
Mahindra Group chairman Anand Mahindra stated, “Arun has been a stellar ‘intrapreneur’ of Mahindra Group for several decades. Among his many initiatives, his contribution to the group’s diversification into the leisure and hospitality sector stands out. When Arun established Mahindra Holidays, vacation rental and holiday companies were relatively unknown concepts in India. Today, Club Mahindra is the largest vacation ownership brand outside the US. ,
Nanda said he is delighted that Mahindra Holidays is doing well when he is stepping down. “It’s been a long journey for a young accountant to be able to set up and manage new and diverse businesses for the group. The two things I cherish the most are the value systems of the group and the empowerment, support and trust I received from Mr Kes-hub Mahindra and Mr Anand Mahindra,” he stated.
Nanda has set out on his new adventure. His Adhata Trust, which operates about 25 neighborhood facilities for senior voters in and round Mumbai, is skilling youngsters in tribal belts. Adhata Trust recently-ly constructed a charitable house for senior voters in Panvel and in addition arrange a geriatric care heart in Palghar, Maharashtra.
“Working on improving the quality of life for senior citizens and providing livelihoods for underprivileged girls gives me joy. For someone who came from a very humble background — my parents migrated to India during Partition — to reach this stage, I feel blessed to have this strong desire to give back to society,” stated Nanda.
When requested if he has any regrets, Nanda stated he likes to peer the glass part complete somewhat than part empty. “God has been kind to me and the biggest gift he has given me is contentment,” he stated.
The 74-year-old Nanda has knowledgeable the board that he’s going to no longer search reappointment, in line with the age prohibit for non-executive roles and can retire at the once a year basic assembly on July 25.
In 2022, Nanda steps down as chairman of Mahindra Lifespaces, two years forward of retirement age. Although Nanda will proceed as director of Mahindra Holdings, his retirement from key firms marks the end result of an illustrious profession with Mahindra Group.
Mahindra Group chairman Anand Mahindra stated, “Arun has been a stellar ‘intrapreneur’ of Mahindra Group for several decades. Among his many initiatives, his contribution to the group’s diversification into the leisure and hospitality sector stands out. When Arun established Mahindra Holidays, vacation rental and holiday companies were relatively unknown concepts in India. Today, Club Mahindra is the largest vacation ownership brand outside the US. ,
Nanda said he is delighted that Mahindra Holidays is doing well when he is stepping down. “It’s been a long journey for a young accountant to be able to set up and manage new and diverse businesses for the group. The two things I cherish the most are the value systems of the group and the empowerment, support and trust I received from Mr Kes-hub Mahindra and Mr Anand Mahindra,” he stated.
Nanda has set out on his new adventure. His Adhata Trust, which operates about 25 neighborhood facilities for senior voters in and round Mumbai, is skilling youngsters in tribal belts. Adhata Trust recently-ly constructed a charitable house for senior voters in Panvel and in addition arrange a geriatric care heart in Palghar, Maharashtra.
“Working on improving the quality of life for senior citizens and providing livelihoods for underprivileged girls gives me joy. For someone who came from a very humble background — my parents migrated to India during Partition — to reach this stage, I feel blessed to have this strong desire to give back to society,” stated Nanda.
When requested if he has any regrets, Nanda stated he likes to peer the glass part complete somewhat than part empty. “God has been kind to me and the biggest gift he has given me is contentment,” he stated.
