Anand Mahindra was born in Mumbai in 1955, the third generation of an industrialist family. Harish and Indira Mahindra gave birth to him. Jagdish Mahindra, the co-founder of the Mahindra and Mahindra enterprise, was his grandfather (M&M).
Lawrence School in Lovedale was where he finished his education. He went on to study filmmaking and architecture after that. However, it appears that the fields are not his cup of tea. As a result, he graduated from Harvard Business School with an MBA in 1981.
Soon after earning his MBA, he began working for Mahindra Ugine Steel Company Ltd (MUSCO) as an Executive Assistant (Finance). He was appointed President and Deputy Managing Director after eight years on the job. He paved the way for expansion into previously unexplored territory, such as real estate development and hospitality management.
The Beginnings of M&M
Muhammad and Mahindra was the company’s original name. In 1945, steel trading was the company’s major operation. Their partner Muhammad fled to Pakistan after India’s independence (and became the country’s first Finance Minister!).
Harikrishna and Jayakrishan Mahindra renamed the company Mahindra & Mahindra after that. They were fast to seize the chance to manufacture Jeeps during World War II. It aided them in establishing M&M as India’s Jeep maker.
On April 4, 1991, Anand Mahindra was named Deputy Managing Director of M&M Ltd, marking a fresh beginning for the company.
Mahindra and Mahindra had become well-known in Indian households by 2009. It’s also a multibillion-dollar enterprise. They demonstrated that Indians are unrivaled. However, the corporation believed it needed to rebrand. As a result, the slogan “Rise” was appended to the name. ‘Mahindra Rise’ was born as a result of this.
Acquisitions in Order of Time
M&M has made numerous purchases. Its initial purchase was a 100 percent investment in Gujarat Tractors Ltd, which is wholly controlled by the Gujarat government. In 1999, it was completed. M&M purchased Punjab Tractor Ltd after eight years, making it the world’s largest tractor producer.
The corporation had a golden decade in the last decade, with numerous acquisitions. To diversify their interests, they bought REVA Electric Car Company in 2010, SsangYong Motor Company in 2011, and a one-third share in Mitsubishi Agricultural Machinery in 2015. Expansion is, after all, an important business goal.
It didn’t cease in 2015, though. In the following years, the corporation made more acquisitions. They appear to want to invest in every automobile-related business on the planet.
M&M has risen to the top of the tractor and light commercial vehicle market thanks to Anand Mahindra’s outstanding efforts. It is a market leader in IT, financial services, and vacation ownership, in addition to autos. It has a global footprint, with operations in 72 countries and a business presence in over 100.
Anuradha Mahindra, a journalist, married Anand Mahindra. She was the editor of the journal Verve.’ Divya and Aalika Mahindra are their two daughters. Films and photography are two of his passions. He also supports the arts and culture by establishing award platforms and craft shows. He is also a supporter of the humanities and philanthropy. He started Project Nanhi Kali to help disadvantaged girls get a basic education.