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Mahindra and Mahindra Ltd.

BSE: 500520 | NSE: M&M |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE101A01026 | SECTOR: Auto - Cars & Jeeps

BSE Live

Mar 30, 16:00
277.70 -17.95 (-6.07%)
Volume
AVERAGE VOLUME
5-Day
230,247
10-Day
230,884
30-Day
180,611
208,690
  • Prev. Close

    295.65

  • Open Price

    290.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Mar 30, 15:59
274.40 -20.10 (-6.83%)
Volume
AVERAGE VOLUME
5-Day
7,830,777
10-Day
7,273,942
30-Day
5,483,608
8,942,943
  • Prev. Close

    294.50

  • Open Price

    281.70

  • Bid Price (Qty.)

    274.40 (3748)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2013 2012 2006

Chairman's Speech

Dear Shareholder, Over the past decades, on many occasions I have written directly to you when the occasion so warranted. This is one such occasion, since by the time you receive this letter my decision to retire as the non-executive Chairman of your Company will be a matter of public knowledge, as required by law. It has been an incredible journey for me. As a Director of your Company for 64 years, of which 48 years were as your Chairman, I have had the honour and good fortune of witnessing your Company march in step with the Nation through the early years of Independence, the following socialist years and finally the rewarding decades of liberalisation and globalisation. Over the years, your Company has successfully embraced the economic and technological winds of change and brought about their fusion with the needs of Society. This has been done by harnessing the expanding horizons of human intelligence and creativity in the context of globalization, which has taught us to blend the culture of our country and its people with those prevailing in distant lands. This transformed your Company from being just a Corporate entity, to a societal institution with a soul and the vision to create a life with greater potential. The performance of the Company has been phenomenal over the last decade. I have no intention of burdening you with figures, you are familiar with them. On reflection, the one thing that is clear is that the wondrous rise and the outstanding achievements would not have been possible without your understanding, encouragement and continuing support. It has given your Company stability, sense of direction and a shared vision of the future. We believe in building relationships through trust and faith, in a manner which is totally transparent. Our ethics and codes of behaviour are not negotiable, we respect the rights and dignity of the human being and believe in every individual''s limitless ability to excel. These are values which have endured since the Company was founded. At the Board meeting your Directors accepted my wish to retire at the end of our next Annual General Meeting, which is scheduled to be held on 8th August, 2012. They have elected Anand Mahindra, presently your Vice-Chairman and Managing Director, to succeed me as Chairman. I urge you to support him as lavishly as you have supported me over the years. I am confident that he will lead from the front, bringing in fresh ideas and new horizons while cherishing and preserving the reputation, integrity and values on which your Company has been built. These values and traits are likely to prove invaluable in steering the Company through the challenging economic conditions that lie ahead. The global macro environment is currently rife with risks: the probability of a major crisis in the euro zone is high and rising, economic recovery in the US is faltering, China is slowing and, given geopolitical tensions surrounding Iran, oil markets remain in a state of flux. In India, meanwhile, weak domestic macros - high inflation, large fiscal and current account deficits - and partisan coalition politics continue to constrain policy actions critical to supporting growth in this challenged global economic environment. The Company''s management team, led by Anand, will need to continue to be vigilant to successfully weather the rough economic terrain that lies ahead. I have the fullest confidence in their ability to do so. I am deeply moved by the sentiments expressed by the Board and the Management in requesting me to accept the position of Chairman Emeritus, which I do with humility. It has been a privilege and an honour to work with you. It only remains for me to thank you for all the confidence, support and trust that I have received from you and to wish you and your families good health and happiness in the years to come. Kind regards, Yours sincerely, May 30,2012