India’s oldest billionaire, philanthropist and doyen of India Inc, Keshub Mahindra, passed on to the great beyond on Wednesday. He used to be 99.
Born on October 9, 1923, in Shimla, the chairman emeritus of Mahindra The team witnessed up shut and private the transformation of the Indian financial system. His just about five-decade-long tenure on the helm of Mahindra & Mahindra noticed the corporate negotiate the entirety from license allow raj to liberalisation. Under his stewardship, M&M reworked from its beginnings as a metal buying and selling corporate to a application automobile and metal maker to additional diversify into telecom, tractors and different companies.
“Keshub Mahindra was and will always remain a source of inspiration for me and the entire Mahindra Group,” stated his nephew Anand Mahindra, chairman of Mahindra Group. “He used to be a person of rules and led from the entrance to maintain the legacy of our founders which has ensured that the group has remained rooted in ethics, values and excellent company governance. Keshub Mahindra used to be recognized for his astute industry acumen that helped in remodeling Mahindra right into a various federation of businesses. His compassion and people-centric means made him an international industry icon, who used to be a lot beloved and revered.”
Keshub Mahindra became acquainted with change right from the year he joined the company – 1947. Independence and Partition was a crucial time for the company, forcing the founders JC and KC Mahindra to rechristen what started out as Mahindra and Mohammed into Mahindra & Mahindra after the The third founding partner, Ghulam Mohammed, left India to become Pakistan’s first finance minister. Sixteen years later, when Keshub Mahindra took over as the chairman of the company in 1963, M&M changed course again—first to forge its steel alliance with Ugine Kuhlmann and then to get into tractors in partnership with International Harvester.
Mahindra old-timers say he had a distinctive leadership style that combined future-ready vision with a people-first approach. He was instrumental in the group getting into partnerships with Willys Corporation for utility vehicles, International Harvester for tractors, and British Telecom for software services among others. He also expanded into sectors like hospitality and real estate. In a sense, he transitioned the company onto its first growth spurt before liberalisation, after which his nephew and successor Anand took up the mantle to rapidly transform the group.
“I joined the company in the 70s and found him to be very accessible – he was unfailingly kind, had an infectious charm and always remembered names and faces,” says Avinash Datta who retired as president & MD of Mahindra China Tractor company in 2006 but continued as advisor on international business development for another eight years, forging a more than 50-year long association with M&M. “That compassion continued long after people retired from the company, fostering a culture of ‘once a Mahindra man, always a Mahindra man’. When my wife passed away long after I retired, I got a beautiful condolence letter from her. That kind of personal touch was his leadership style.”
That personalized touch may be one thing that former M&M MD Pawan Goenka discussed in his tribute. Keshub Mahindra, he tweeted, used to be “the nicest person I had the privilege of knowing and I always looked forward to meetings with him and (was) inspired by how he connected business, economics and social matters.” For the automotive businessKeshub Mahindra used to be an early chief whose stewardship “ended in India being identified as crucial participant globally and likewise helped in India turning into a producing hub for the auto sector”, says Vinod Aggarwalpresident, SIAM and MD & CEO, VECV.
Keshub Mahindra served on a number of forums and councils within the non-public and public sector, together with SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC and ICICI. He used to be additionally the founder chairman of HUDCO (Housing and Urban Development Corporation Limited); vice-chairman of Housing Development Finance Corporation Ltd; Chairman of Mahindra Ugine Steel Co. Ltd. director of Bombay Dyeing & Manufacturing and Bombay Burmah Trading Corporation Limited.
watch Keshub Mahindra will get lifetime fulfillment
Born on October 9, 1923, in Shimla, the chairman emeritus of Mahindra The team witnessed up shut and private the transformation of the Indian financial system. His just about five-decade-long tenure on the helm of Mahindra & Mahindra noticed the corporate negotiate the entirety from license allow raj to liberalisation. Under his stewardship, M&M reworked from its beginnings as a metal buying and selling corporate to a application automobile and metal maker to additional diversify into telecom, tractors and different companies.
“Keshub Mahindra was and will always remain a source of inspiration for me and the entire Mahindra Group,” stated his nephew Anand Mahindra, chairman of Mahindra Group. “He used to be a person of rules and led from the entrance to maintain the legacy of our founders which has ensured that the group has remained rooted in ethics, values and excellent company governance. Keshub Mahindra used to be recognized for his astute industry acumen that helped in remodeling Mahindra right into a various federation of businesses. His compassion and people-centric means made him an international industry icon, who used to be a lot beloved and revered.”
Keshub Mahindra became acquainted with change right from the year he joined the company – 1947. Independence and Partition was a crucial time for the company, forcing the founders JC and KC Mahindra to rechristen what started out as Mahindra and Mohammed into Mahindra & Mahindra after the The third founding partner, Ghulam Mohammed, left India to become Pakistan’s first finance minister. Sixteen years later, when Keshub Mahindra took over as the chairman of the company in 1963, M&M changed course again—first to forge its steel alliance with Ugine Kuhlmann and then to get into tractors in partnership with International Harvester.
Mahindra old-timers say he had a distinctive leadership style that combined future-ready vision with a people-first approach. He was instrumental in the group getting into partnerships with Willys Corporation for utility vehicles, International Harvester for tractors, and British Telecom for software services among others. He also expanded into sectors like hospitality and real estate. In a sense, he transitioned the company onto its first growth spurt before liberalisation, after which his nephew and successor Anand took up the mantle to rapidly transform the group.
“I joined the company in the 70s and found him to be very accessible – he was unfailingly kind, had an infectious charm and always remembered names and faces,” says Avinash Datta who retired as president & MD of Mahindra China Tractor company in 2006 but continued as advisor on international business development for another eight years, forging a more than 50-year long association with M&M. “That compassion continued long after people retired from the company, fostering a culture of ‘once a Mahindra man, always a Mahindra man’. When my wife passed away long after I retired, I got a beautiful condolence letter from her. That kind of personal touch was his leadership style.”
That personalized touch may be one thing that former M&M MD Pawan Goenka discussed in his tribute. Keshub Mahindra, he tweeted, used to be “the nicest person I had the privilege of knowing and I always looked forward to meetings with him and (was) inspired by how he connected business, economics and social matters.” For the automotive businessKeshub Mahindra used to be an early chief whose stewardship “ended in India being identified as crucial participant globally and likewise helped in India turning into a producing hub for the auto sector”, says Vinod Aggarwalpresident, SIAM and MD & CEO, VECV.
Keshub Mahindra served on a number of forums and councils within the non-public and public sector, together with SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC and ICICI. He used to be additionally the founder chairman of HUDCO (Housing and Urban Development Corporation Limited); vice-chairman of Housing Development Finance Corporation Ltd; Chairman of Mahindra Ugine Steel Co. Ltd. director of Bombay Dyeing & Manufacturing and Bombay Burmah Trading Corporation Limited.
watch Keshub Mahindra will get lifetime fulfillment