The Indian industrial and automobile sector is one of the most influential contributors to the financial growth of the country. Now, amongst all the big names in the Indian automobile sector, the mane of Anand Mahindra is one to reckon with. He is the chairman and Managing Director of Mahindra and Mahindra, the largest Indian automobile company. As the country grows in the startup sector, Anand is one of the names who have helped the country grow in this sector.
So, Anand Mahindra: The face of the Automobile Industry, How? Let's take a look at the success story of Anand Mahindra that how he becomes such a great leader and the face of the automobile industry.
|Born||1 May 1955, Mumbai|
|Education||Lawrence School, Harvard University, Harvard Business School|
|Title||Chairman and M.D of Mahindra & Mahindra|
|Net Worth||$1.6 billion|
Anand's Net Worth
In India, Mahindra has elevated the Mahindra Group from a jeep and truck producing firm to a multi-national company. The company produces Utility Vehicles, Multi Utility Vehicles, and Sports Utility Vehicles.
Apart from the Mahindra Group, Anand is also a co-promoter of Kotak Mahindra Finance Ltd. This company became one of the leading private sector banks in 2003. Well, talking about Anand's net worth, Anand’s flagship company Mahindra and Mahindra is about USD 1.1 billion.
Anand was born in 1955. His family was already into a well-known business and Anand had shown keen interest in his grandfather K>C> Mahindra’s business and subsequently, he joined the company. Anand's education include graduation from Harvard College, Massachusetts, and in addition to it he has pursued his MBA from the prestigious Harvard Business School, Boston. Also, he was a very active member of the Phoenix S.K Club. Anand In 1981, he returned to India to join Mahindra Ugine Steel Company. He was appointed the post of Executive Assistant of the company.
He took giant strides in Mahindra. In 1989, he paved his way to the post of the President and Deputy Managing Director. Under his leadership, the company became one of the biggest names in the business sector. He diversified the company into a new business area. These areas were about real estate too!
His efforts to make the company successful in multiple fields were successful as he was appointed the Deputy Managing Director in 1991 and Managing Director in 1997. In the year 2003, Anand was appointed as the Vice-Chairman of the company.
Anand’s Performance as a Leader
Under Anand’s guidance and leadership, the company was successful in setting an international benchmark for other brands to follow. Anand is responsible for making the Mahindra group an efficient and aggressive competitor in the liberalized economy. A rapid growth in terms of acquisitions, as well as Greenfield business development, was experienced in the country.
One of the major instances which fueled the growth of the company was the launch of Scorpio. The SUV came into the market in 2002. Anand, with his sheer belief, Anand played the game of risk and as a result, was the winner! Scorpio, the mighty SUV made positive impressions on the company’s growth and came out as the winner.
Mahindra and Mahindra’s automobile sector now makes a wide range of products. Under Anand, the company had a successful stint with LCVs and three-wheelers. Presently, Mahindra and Mahindra is a market leader in the UV segment and its empire is growing day by day.
Now, the company has shifted its focus on developing components and offering engineering services. With a plethora of strategic acquisitions of plants in China and the United Kingdom, the company has been growing day by day. Mahindra and Mahindra have international [partnerships with mega-brands like Renault SA, France, Nissan, and International Truck and Engine Corporation, USA.
Mahindra and Mahindra as a Brand
In the circuit, Mahindra and Mahindra have evolved as a giant. It is a conglomeration of many companies that have united with a common purpose. Presently, Mahindra and Mahindra enjoys a superior position in various industries like utility vehicles, information technology, tractors, and many vacation ownerships. Anyone can estimate its growth by analyzing the developments in retails, defense, financial services, and logistics.
Anand's Awards and Recognition
Mahindra has many awards under his belt. He was honored with the prestigious Rajiv Gandhi Award for his outstanding contribution to the business sector. He was also honored by the Economic Times, they had honored him by the Business Leader Award in 2008-2009.
Apart from that, he won the award for the most inspiring leader in 2007 by NDTV. He has won several international awards too, the President of the French Republic conferred him with the knight of the Order of Merit. He was adjudged as the Person of the Year from Auto Monitor in 2006. In the entrepreneurship field, he had won the Asia Business Leader Award in 2006. Recently, he was ranked amongst the most influential men and women in Mumbai by Daily News and Analysis.
Anand's Charitable Works
Anand has donated USD 10 million to Harvard’s humanities center. Well, you might be surprised to know that this was the largest donation received by Harvard! Anand also keeps a keen interest in education. Apart from being a trustee of KC. Mahindra Education Trust, he is also on the Board of Governors of the Mahindra United World College of India.
Anand was instrumental in initiating the Nanhi Kali program in 1996. This foundation aimed to provide free education to the economically underprivileged female children of the country. He is also a Trustee on the Board of The Naandi Foundation. This foundation aims to provide academic support and daily meals to 1.3 million children in government schools.
Under Anand’s stewardship, Mahindra and Mahindra have grown into one of the biggest companies in the country. He has employed more than 117,000 people. Mahindra and Mahindra are present in over 100 countries. Therefore, is instrumental in the development of the automobile sector worldwide.
Anand as an Inspiration
Anand has been one of the greatest entrepreneurs in the country. By his charitable works, he has helped millions of people to achieve their dream and hence, will remain as the biggest name in the startup sector. His work ethic and willingness to serve the public has made him the biggest personality of the automobile sector. Now, as our country is developing, Anand is more of the representative of our development on the international stage.