Anand Mahindra is the great-grandson of JC Mahindra. He is the third-generation scion of the Mahindra clan and chairs the very renowned multinational vehicle manufacturing corporation, Mahindra and Mahindra Conglomerate. From being an extraordinary person who received Padma Bhushan in 2020 to contributing a lot to the Indian economy, this unsung hero is known by all.
Credits- New Indian Express
Mahindra group has built itself on the shoulders of thousands of employees but the man behind Mahindra’s growth and diversification is none other than Anand Mahindra. This man was concerned with India going through great turmoil and change during the 1990s as it was liberalizing from two decades of a tightly controlled and monopolistic economy. The Mahindra group that learned how to flourish in a regulated economy was suddenly at a great disadvantage. However, it was transformed completely to survive in a liberalized economy. The credit for this challenging but smooth transition goes to Anand Mahindra.
So, let’s take a look at the success story of Anand Mahindra to find out how has he been able to take Mahindra to infinite heights.
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CHILDHOOD OF ANAND MAHINDRA
Anand Mahindra was born on 1st May 1955 in Mumbai, Maharashtra to a famous business family. He is the son of the late Harish Chandra and Indira Chandra.
Credits- The College Post
In the year 1977, he completed his graduation from Harvard College, Cambridge Massachusetts. In 1981 he finished his master’s in Business Administration from Harvard Business School, Boston, Massachusetts. He got married to Anuradha Mahindra who is the Founder of Verve magazine.
After completing education, Anand Mahindra was keen on starting his career so he, after coming back to India, joined Mahindra Ugine Steel Company Limited as an Executive Assistant to the Finance Director. As he possessed all the capabilities of running a business and taking it to new heights, he was soon appointed as the President of MUSCO in 1989. Ultimately, he became Deputy Managing Director of Mahindra & Mahindra group in 1991.
He was also the co-promoter of Kotak Mahindra Finance Limited. Later, in 2003 it got transformed into a bank and today it stands as one of the leading private sector banks in India. Mahindra group operates in automotive, aerospace, information technology, logistics, real estate, agriculture, industrial equipment, defense, energy, leisure, insurance, hospitality, retail, and construction equipment. All this is handled by one of the richest billionaires of India, Anand Mahindra through his intelligence, perseverance, and hard work.
ANAND’S PRESENCE ON TWITTER
All those who are followers of Anand Mahindra know that this billionaire is very active on microblogging and social networking service, Twitter. This business tycoon shares inspiring videos, pictures, and messages to encourage 9+ million followers on Twitter. He tweets regularly voicing his opinions on several topics ranging from cricket to the economy. Anand welcomes all the complaints and criticisms about Mahindra Group as feedback from his followers.
In an interview, he stated that “I am not on Twitter because I am lonely. I am on Twitter because this is a business tool. Any CEO who is not on it is probably ignorant.”
A recent event happened in September of the year 2020 where Anand Mahindra took to Twitter and shared an image of Laungi Bhuyian standing in front of a tractor that the business tycoon gifted him.
Laungi Bhuyian is a common man from Bihar who carved out a journey of a 3-km long canal to take rainwater coming down from nearby hills to irrigate the field of his village, Kothilawa in the Lahthua area of Gaya. It almost took 30 years of his hard work to dig this canal. Anand’s gesture to Laungi’s hard work re-establishes our faith in humanity. This noble thought and commitment make him a man of his word.
ANAND LEARNS FROM FAILURES
In 2008, the Mahindra group entered the commuter bike segment after buying Kinetic Motors and relaunched the ‘Freedom bikes’ under the label of ‘Mojo’. However, it failed to achieve a significant move in the two-wheeler space even after a decade. Anand being an optimistic man says that this failure led him to enter into the premium two-wheeler segment which turned out to be a success. Anand Mahindra knows that every failure is a lesson.
He says “Failure is hard to swallow. You have to go inside and begin investing again. Beyond the fear lies victory.”
DOWNFALLS OF MAHINDRA GROUP
A downfall must raise a person to infinite heights. The same happened with the Mahindra group. The company incurred a loss of Rs. 3255 crores in March 2020 and witnessed a 97% fall in profit in June 2020. The revenue fell from 56% to Rs. 5589 crores but Anand Mahindra has a positive perspective towards every failure in life.
He stresses that the Covid-19 pandemic has turned lives upside down but we can turn this into an opportunity to reboot thinking, reinvent approach, and recommit to financial goals. Growth is the ultimate goal and the Mahindra group has already started identifying and taking appropriate action on businesses that are struggling with their business plans. This proves that Anand is a serial entrepreneur and knows how to plan things out to take his company to heights. He knows his goal and thrives for it.
AWARDS AND RECOGNITIONS
ANAND MAHINDRA is an inspiration for all the people out there, especially those who want to visualize themselves in the topmost future industrialists’ list. He has been honoured with many awards.
- Rajiv Gandhi Award for outstanding contribution to the business field.
- Person of the year award for the Auto monitor in 2005
- CNBC Asia Business Leader Award in 2006
- Leadership Award from the American India Foundation in 2005
- ‘Most inspiring corporate leader of the year’ from NDTV Profit in 2007
- Business Leader of the year award (2008-2009)
- ‘Entrepreneur of the Year’ title by Forbes in 2013)
DONATION BY ANAND MAHINDRA
Anand Mahindra is a humble and dignified man. Any praise of him is less than what he does for nation-building and statehood. His humanitarian values make him stand out from the crowd. He donated $10 million to the Harvard Humanities Center. After the donation, the centre was renamed Mahindra Humanities Center. This is the biggest ever donation done by anyone to an establishment situated overseas. Anand is also appreciated for co-founding the Harvard Business School Association in India which is committed to promoting the domain of management in India.
ABOUT THE COMPANY: MAHINDRA AND MAHINDRA GROUP
Mahindra group began its journey in 1945 as a steel-trading venture and now it has turned itself into a global brand, spanning nations and industries. It was established seven decades ago and since then this global powerhouse is aiming to achieve more and more.
Mahindra & Mohammed was founded by two brothers, JC & KC Mahindra along with Ghulam Mohammed on 2nd October 1945. What becomes inspiring is the fact that the two brothers sold their house to set up this company. In 1948, Ghulam Mohammad went to Pakistan to become the country’s first finance minister. That was the time when Mahindra and Mohammad became Mahindra & Mahindra, one of the most well-off and prosperous companies we know today.
MANTRA OF MAHINDRA: CROSSING BOUNDARIES
From the day the company came into being, it is racing to new heights every day by following a mantra that is epitomizing the company’s philosophy. The company’s mantra – We think GLOBAL, drive INNOVATION and we CARE is creating a positive effect on the company. Today, Mahindra & Mahindra has become one of the world’s largest conglomerates operating in over 100 countries with over 2,400,000 employees.
WE THINK GLOBAL
With more than 75 models and more than 2.25 million units sold worldwide, Mahindra tractors are found in more than 45 countries across 6 continents. In another achievement, Mahindra has sold more than 150, 000 tractors in North America and has also expanded in the UTV market.
The company is successfully growing its presence in multiple geographies as it is dominating tractor markets in prominent countries like Nepal, Sri Lanka, Bangladesh, Algeria, Egypt, Nigeria, South Africa, Brazil, Argentina, Ecuador, etc. Mahindra also has footprints in Turkey, Serbia, and Macedonia, expanding rapidly across nations.
WE DRIVE INNOVATION
As a commitment to technology-driven innovation, the Mahindra group established Mahindra Research Valley. The motive behind the creation of the valley is to promote innovation. It is a place where engineers and tech buffs from different specializations can interact with each other.
Credits- Mahindra Tractors
Surprising to note, MRV is the only facility in the world to have both automotive and tractor development under one roof. It was inaugurated by the former President of India and renowned Scientist, Dr APJ Abdul Kalam. As the world was constantly changing, it wanted to make mobility more convenient, so Mahindra successfully entered into two-wheeler space in 2008. For a while, Mahindra leapt over time and unveiled the first-ever range of high-performance trucks. After that, Mahindra opened another eco-friendly manufacturing facility in Chakan near Pune. Chakan Manufacturing Plant is known for its operational excellence and green practices in the industrial market.
Mahindra proudly says that it rises for GOOD. The sole motive of the company has always been to take care of the dreams and passions of its people and to help build the community we all are a part of. 16.28 million trees have been planted across India since 2007 by the group. Mahindra & Mahindra has regularly partnered with Impact India Foundation to sponsor the Lifeline Express which provides communities in rural areas access to healthcare and free surgeries for deafness correction and dental treatment.
Furthermore, as the Mahindra group believes in educating every girl child, it collaborated with Nanhi Kali to educate girls. It took a fresh view of the phrase with the campaign #LadkiHathSeNikalJayegi. More than 3,70,000 girls in India have received education through this project.
Legends like Anand Mahindra are born once in a century and everyone would agree with that. The current net worth of Anand Mahindra stands at $1.8 Billion (as of May 2022). Mahindra group today possesses the fighter’s spirit because of a visionary man, Anand Mahindra. Success is the result of sheer preparation, hard work, and dedication. Bearing testimony to this is the success story of Anand Mahindra.
Mahindra & Mahindra is set to achieve more and more over time because all the responsibilities lie on the shoulders of one man who is never going to stop himself from attaining anything.