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MOTORINDIA
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September 2012
51
Anand Mahindra appointed
Mahindra Group Chairman
Mr. Anand Mahindra was appointed Managing Director of Mahindra &
Mahindra Ltd. in 1991 and was given the additional responsibility of Vice
Chairman in 2003. Under his stewardship, the $15.4 billion group has
evolved into a socially and environmentally responsible global federation
of companies with a leading presence in each sector in which it is present.
Mahindra is present across the automotive spectrum, from two-wheel-
ers, three-wheelers, commercial vehicles, SUVs and MPVs to sedans,
tractors, and even powerboats and aircraft. In addition, the group’s diver-
sified nature of business spans many frontiers – automotive components,
finance, insurance, IT, retail, real estate, hospitality, logistics and after-
market, to name a few.
Fortune magazine has named Mr. Anand Mahindra one of the top 25
most powerful business people in Asia for 2011. During his tenure, the
Mahindra Group has also grown inorganically, seizing opportunities
across the globe. Recent acquisitions include Ssangyong Motors,
Reva Electric Car Company, Satyam Computer Services, Aerostaff
Australia and Gippsland Aeronautics, among others.
A thought leader in Indian business, Mr. Anand Mahindra
serves many industry confederations, national and international,
and was co-Chair of the WEF Davos in 2009. He represents In-
dian industry at several global meets. Appointed in November
2011 as Honorary Ambassador of Foreign Investment Promo-
tion for Korea for a period of two years, he also serves as a
member of the International Advisory Board of Singapore’s
Economic Development Board.
He also served on the Boards of the National Stock Ex-
change of India (NSE) and the National Council of Applied
Economic Research (NCAER), and was President of the
Confederation of Indian Industry (CII) in 2003-04 and also
President of the Automotive Research Association of India
(ARAI).
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vehicle zone
Mr. Anand Mahindra, Vice Chairman and Managing Director, Mahindra &
Mahindra Ltd., has been appointed Chairman of the Mahindra Group. He
takes over from Mr. Keshub Mahindra who has retired after 48 years at
the helm and will continue to guide the group as Chairman Emeritus on the
request of the Board.