![Anand Mahindra](/thumb/msid-79678101,height-184,width-182/magazines/panache/panache-people-101/anand-mahindra.jpg)
Anand Mahindra
Chairman, Mahindra GroupBirth DetailsMay 1, 1955 | Mumbai, Maharashtra, India
NationalityIndian
LeagueBusiness Leader
EducationMBA, Harvard Business School, Harvard University
Net Worth$1.2 billion (as of May 27, 2020)
Anand Mahindra's assets:
Anand Mahindra’s Journey so far...
Before you go...
- Stake in Mahindra & Mahindra
- Stake in Kotak Mahindra Bank
Anand Mahindra’s Journey so far...
- Anand Gopal Mahindra completed his MBA from Harvard Business School in 1981, and joined the erstwhile Mahindra Ugine Steel Co (MUSCO) as an Executive Assistant to the Finance Director
- He was appointed as the MD of Mahindra & Mahindra Limited (M&M) in 1997, in 2012, he took up the role of Chairman of the Mahindra Group replacing his uncle Keshub Mahindra, who retired after 48 years in service.
- Under his leadership, the Mahindra Group has grown to a $20.7-billion conglomerate and has a presence in various sectors including aerospace, powerboats, automotive, agriculture, hospitality, finance, software and real estate
- Mahindra played an active role in the acquisition of some marque brands across the globe namely Ssangyong Motors, Peugeot Motorcycles, Gippsland Aeronautics, Aerostaff Australia, BSA, Jawa and Pininfarina S.p.A.
- In one of his biggest domestic acquisitions, he helped Tech Mahindra acquire Satyam Computers in 2009 after it was hit by an accounting scandal featuring founder B Ramalinga Raju. Tech Mahindra outbid Larsen & Toubro and WL Ross to acquire Satyam for about Rs 2900 crore.
- With over seven decades in operation, the Mahindra Group now consists of over 150 companies, is present in more than a hundred countries, and employs over 2,50,000 people.
- One of Mahindra's biggest interests is education and he has taken various initiatives on this front. He is a trustee of the K.C. Mahindra Education Trust which provides scholarships, grants and loans to disadvantaged students. In 1996, he Mahindra founded Nanhi Kali, a branch of the trust that provides education to over 3 lakh underprivileged girls in India. He also serves on the board of the Mahindra United World College of India.
Before you go...
- Anand Mahindra was awarded the Padma Bhushan, India's third-highest civilian award, in 2020
- In 2016, he was conferred with one of France's highest awards, 'Knight in the National Order of the Legion of Honour'.
- Right from his early days, Mahindra had interests in visual arts and photography, and filmmaking was one of his majors in college.
- He loves listening to Blues and every year the Mahindra Group organises the Mahindra Blues Festival, which is the largest of its kind in Asia.
- With over 7.5 million followers, Anand Mahindra is one of India Inc's most influential leaders on the social media platform Twitter
Last Updated: 15/02/2021
Anand Mahindra News
Sensational Index 80K: With Budget on horizon, bulls hit new milestone in T20 styleEquity indices soar as Sensex hits 80,000 fueled by banking stocks. Market anticipates rate cut, global support, and foreign investment. Earnings rise expected with stock rotation amidst market surge.
The Critic: Watch trailer and check out release date, cast and creative teamThe Critic follows theater critic Jimmy Erskine, played by Ian McKellen, navigating deceit, treachery, and fascism in 1930s London. Co-starring Gemma Arterton and Mark Strong, the film builds to a dramatic conclusion. Directed by Anand Tucker, it premieres on September 13, 2024.
Meet 10-year-old Indian guitarist Maya Neelakantan who shines on America's Got Talent auditionMaya Neelakantan, the 10-year-old guitarist from Chennai, gains global fame with her unique blend of rock classics and Carnatic music. Her 'America's Got Talent' performance goes viral, leading to an invitation to the Mahindra Blues Festival. Maya's YouTube covers, including Tool's '7empest,' catch the attention of guitarist Adam Jones.
RIL, M&M contribute nearly 3,000 points to the 10K rally of SensexReliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time.
Mahindra & Mahindra selects ABB technology for new EV paint facilityM&M partners with ABB using PixelPaint tech to offer precise finish application without disrupting production line for personalization options on new EVs, marking a significant advancement in the automotive industry.
Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MDStar Health and Allied Insurance Company Ltd. has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years. The company, based in Chennai, has recorded a profit after tax of Rs 845 crore, a 37% increase from the previous financial year. The company has approved claims of about Rs 44,000 crore since its inception in 2006.
New credit card rules: HDFC Bank, Axis Bank, other banks customers cannot make credit card bill payments using CRED, PhonePe, PaytmCredit card bill payment rules: As of July 1, customers with credit cards from major banks like HDFC Bank and Axis Bank will no longer be able to settle their credit card bills using third-party applications such as CRED, PhonePe, Amazon Pay, and Paytm.
Industry needs to boost capital investments to capitalise on growth opportunities: Anand MahindraAnand Mahindra, Chairman of Mahindra Group, emphasized the need for Indian companies to increase capital investment to leverage growth opportunities domestically and globally. In the company's annual report for 2023-24, Mahindra highlighted India's strengthened position in global supply chains post-COVID, urging private industry to seize this momentum. He stressed that private investment is crucial for driving economic growth, creating jobs, and stimulating demand.
HDFC Bank leads financial sector rally, powering D-Street to all-time highsThe 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
Sensex's 80K milestone a journey, not destination: Nilesh Shah of Kotak Mahindra AMCInvestors are advised to maintain asset allocation discipline and a long-term investment strategy to navigate market volatility effectively.
M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathonAs a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
Gold’s 13% uptick beats Nifty's H1CY24 gains. Who could hold the edge in second half?HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
IT stocks rally up to 32% in 1 month. Will Q1 results mark end of sluggish revenue growth?IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.
Hedge fund’s secret Adani short revealed in blow-by-blow accountA short-seller's report targeting Adani Group led to a $153 bn market value drop. The investigation involved a hedge fund, regulator, and a big Indian bank. US regulators scrutinized hedge fund collaborations and short-selling's impact on market efficiency.
Reduce Tech Mahindra, target price Rs 1230: Prabhudas LilladherTech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 142899.77 Crore) operating in IT Software sector.
Hedge fund’s secret Adani short revealed in blow-by-blow accountThe short-selling scandal involving Hindenburg Research, Adani Group, and Sebi triggered regulatory scrutiny and a US Justice Department probe. The scandal emphasized the importance of market efficiency amidst fraud allegations and regulatory actions.
Stay invested, and buy more; there will be more legs to this rally: Varun SabooThere can be a little bit of time correction, and then earnings growth will catch up. Varun Saboo of Anand Rathi Share is still positive on a defence theme or railways theme, etc, which was going around all the time. He does not see any change in the narrative which was there.
Kotak Bank created fund used to bet against Adani: HindenburgKotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
Fresh twist: Hindenburg gets Sebi notice for ‘shorting Adani shares’Hindenburg termed the Sebi’s notice, dated June 26, as “nonsense, concocted to serve a pre-ordained purpose, an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India”. Apart from the research firm, its founder Nathan Anderson, Mark E Kingdon, Kingdon Capital Management, Kingdon Offshore Master Fund and K- India Opportunities Fund (KIOF) - Class F, too, were served the notice.
Nifty Bank sees profit taking at higher levels; support seen around 51,700-52,000: ExpertsThe index fell over 400 points to close at 52,168. The index continues to linger in a sell-on-rise mode with the next immediate support at the 52,000-51,800 zone. Failing to stay put within this support can increase Nifty Bank’s selling pressure towards the 51,400-51,300 level.
K-Drama on D-Street! Kotak Mahindra Bank on Hindenburg hitlist after AdaniUS-based activist investor Hindenburg Research has once again opened its mouth on the Adani controversy but the target this time is Kotak Mahindra Bank and markets regulator Sebi. As a result, shares of the private sector lender fell up to 4% while Adani stocks were unaffected by the revelations made by the short-seller.
Adani-Hindenburg Row: What are the allegations against US-based short-seller? What's the link with Kotak Mahindra?Hindenburg Research rebuts Sebi's allegations of collusion with Kingdon Capital Management in shorting Adani Group stocks. Sebi's 46-page notice claims Hindenburg's actions facilitated significant gains for Kingdon Capital, but Hindenburg dismisses these as baseless and accuses Sebi of neglecting investor protection. Kotak Mahindra Bank's alleged involvement adds to the controversy, with Sebi and Kotak yet to comment.
Idea of Kotak as a party to Hindenburg’s Adani shorting strange and almost unbelievable: Shriram SubramanianShriram Subramanian gives his opinion on the saga involving Kotak Mahindra Bank, Hindenburg Research, and Sebi deepens with the emergence of a show cause notice and the potential for parallel investigations. Details reveal suspected violations, offshore fund structures, and ongoing Adani investigations, raising questions about the alleged role e of Kotak in the controversy.
Hindenburg has never been a client of the firm, Kotak Mahindra International saysKotak Mahindra International Limited (KMIL) clarified on Tuesday that Hindenburg has never been a client or investor of the firm. The company made the statement to address any confusion regarding their relationship with Hindenburg.
Kotak Bank gets pulled into Hindenburg-Adani-SEBI wormhole; here what it saidKotak Hindenburg Adani SEBI: US-based short-seller Hindenburg Research disclosed that SEBI accused them of violating Indian regulations, calling the charges "nonsense" and alleging they aim to silence critics of powerful figures. For the first time, Hindenburg implicated Kotak Mahindra Bank in the Adani controversy, causing the stock to dip sharply.
DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
BACK TO TOP