Mahindra will play significant role in driving India’s manufacturing growth: Anish Shah

Anish Shah, the managing director and CEO of the Mahindra Group

Mahindra Group is actively exploring opportunities in emerging sectors such as semiconductors, drones, healthcare, and consumer goods, although no specific ventures have been finalized yet. In an interview with Moneycontrol Anish Shah, managing director and CEO said that the group has evaluated several opportunities in the past one year or so though a final decision in this regard is yet to be taken.

“We already operate in about 70% of India’s growth sectors for the next decade. Our focus remains on opportunities that align with our strengths, such as leveraging the Mahindra brand and existing synergies across businesses,” Shah said.

Shah emphasized the company’s commitment to careful evaluation before pursuing any new sector. He continued: “We want to ensure that any new business not only fits our strengths but also delivers strong returns for our investors. It's not just about entering new sectors, but about doing so in a way that adds value across our portfolio.”

Mahindra group is evaluating new opportunities in emerging sectors: Anish Shah

While Mahindra has a strong presence in industries like automobiles, agribusiness, aerospace, and IT, it is considering new sectors that could complement and further diversify its operations. “We believe India has the potential to become a global manufacturing hub, but for that to happen, we need cost competitiveness, ease of doing business, and high-quality output. Groups like Mahindra will play a significant role in driving India’s manufacturing growth,” he said.

Mahindra’s approach to new ventures is markedly different from that of some large conglomerates like Tata group which have begun or are tapping contract manufacturing of electronic products and components for global brands like Apple among others. Unlike Tata’s strategy of large-scale industrial partnerships, Mahindra focuses on sectors where it can build synergies with its existing businesses and leverage its brand strength.

“However, our focus is on manufacturing for ourselves rather than others, which aligns with our vision of building sustainable businesses. We already play a significant role in India’s national priorities, including EVs, agriculture, tourism, logistics, and renewables. Any new ventures must align with our strengths to deliver strong returns for investors. This focus ensures that we can leverage synergies and provide outsized returns,” Shah said.