You are reading a success story of Anand Mahindra, Chairman and Managing Director of Mahindra & Mahindra who have carved niche in his own way. Sugermint wishes to emulate him on the path of success.
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Anand Mahindra was born in Mumbai on 1 May 1955 and belongs to a famous business family. His father’s name is Harish Mahindra, industrialist and mother’s name is Indira Mahindra. Anand completed his early schooling from Lawrence School, Lovedale.
He has two sisters; Radhika Nath and Anuja Sharma. Anand went on to study architecture and film making from Harvard University in 1977. He completed his Master of Business Administration – MBA from the Harvard Business School in Boston, Massachusetts in 1981.
Anand Mahindra is married to Anuradha Mahindra, His wife Anuradha is the Editor-in-Chief of Rolling Stone India. She is the famous editor of the magazines ‘Man’s World’ and ‘Verve’. The couple together has two daughters.
Anand is the grandson of the co-founder of Mahindra & Mahindra, Jagdish Chandra Mahindra. Anand established a non-government organization, Nanhi Kali that supports education for underprivileged girls in India in 1996.
Anand joined the Mahindra Ugine Steel Company (MUSCO) in 1981. He was as an Executive Assistant to the Finance Director Mahindra Ugine Steel Company. In 1989, Anand became the President of MUSCO.
He expanded Mahindra Ugine Steel Company into the sectors of real estate development and hospitality. Anand was assigned the duty of Deputy Managing Director of India’s largest automobile company, Mahindra & Mahindra Group in 1991 which is amongst the top ten industrial houses in India. Anand became the Vice Chairman of Mahindra Group in 2003.
Anand Mahindra was a Co-Promoter of Kotak Mahindra Finance Ltd. In 2003, Kotak Mahindra Finance Ltd transformed it into a bank. Now, Kotak Mahindra Bank is one of the leading private sector banks in India.
The Mahindra & Mahindra Group introduced the Scorpio and an indigenously developed SUV in 2002 which helped give it a global identity and built positive impressions for the Mahindra Group. Thus, the company has developed through both Greenfield business development and acquisitions.
The company’s possession activities include the possession of Reva Electric Vehicles and Satyam Computer Services in 2009.
Anand Mahindra is an Indian billionaire businessman, and the chairman of a Mumbai-based business conglomerate, Mahindra Group. The group operates in the aftermarket, automotive, aerospace, finance, insurance, agribusiness, components, defense, energy, construction equipment, farm equipment, leisure, hospitality, industrial equipment, information technology, logistics, real estate, and retail.
Anand is an alumnus of Harvard Business School and Harvard University. As of January 2020, his net worth is about $1.6 billion. He is included among the ‘World’s 50 Greatest Leaders’ by Fortune Magazine.
Anand was noted as ‘Entrepreneur of the Year’ by Forbes (India) for 2013. Anand was given the third-highest civilian award in India, the Padma Bhushan Award in January 2020.
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Anand is also the Co-Chairperson of the World Economic Forum. For his outstanding contributions to the business field, he also received the Rajiv Gandhi Award. He received the Leadership Award from the American India Foundation. Anand was awarded the person of the year award from Auto Monitor.