Keshub Mahindra died days after he re-entered the Forbes list of India’s Richest Billionaires for 2023, with a net worth of $1.2 billion.
Keshub Mahindra died days after he re-entered the Forbes list of India’s Richest Billionaires for 2023, with a net worth of $1.2 billion.
A proponent of changes to labour laws and the Companies Act, and for financial reforms, Keshub Mahindra also had a keen sense of humour.
Ratan Tata on being requested to continue for another term as the chairman of Tata Group had said, 'I am not Mr Mahindra. Please let me enjoy my life as I want to.'
Keshub Mahindra led the Mahindra & Mahindra Group for 48 years as its chairman and retired in 2012.
Keshub Mahindra passed away at the age of 99. He was chairman of Mahindra & Mahindra from 1963 to 2012
Keshub Mahindra stepped down as the chairman of Mahindra Group in 2012 after crowning billionaire nephew Anand Mahindra as his successor.
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For the tremendous growth seen by the Mahindra group, from a turnover of around USD 1.35 billion a decade ago, to USD 16.2 billion today. The group is now a federated structure, and not a centralised conglomerate.
Mahindra Chairman Emeritus Keshub Mahindra may have retired, but his legacy continues to steer the company.
CNBC-TV18's Sunanda Jayaseelan repors that Anand Mahindra has officially taken over from uncle Keshub Mahindra at the company's 66th annual general meeting.
The outgoing Chairman of Mahindra & Mahindra group Keshub Mahindra today said uncertainties over policies and 'vacillation on major reforms' are adding to the woes of the industry and the government need to clarify those to restore the growth path of the economy.
Talking about India Inc's second letter to the governement, former RBI Governor, Bimal Jalan says India’s future is extremely bright but cautions that the sense of non-governance and rampant corruption will have people loosing confidence.
A public letter written by Azim Premji, Keshub Mahindra, Bimal Jalan and others, expressing alarm at a widespread governance deficit that effects all spheres of national activity as well as the corrosion of corruption has attracted considerable attention.
It seems to be the era of open letters, and India Inc is using the platform to make its gripes and concerns known to the political leadership of the country.