Messages
Precious Memories
Management Board Speaks
60 Years of Sparkling Achievement
The M&M Story Etched in Steel
Spotlight
Memorable Moments
Mahindra Parivaar
The M&M Newsletter Through the Years
Editorial
 
 
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60 GLORIOUS YEARS! - ARUN NANDA

Sixty glorious years! 2nd October, 2005 is another landmark year for our company. Mahindra & Mahindra will complete sixty years as one of India's largest corporations. Sixty growth years in which the company accelerated from a nuts and bolts vehicle assembler to a large conglomerate. Being associated with the company for more than half of those years (I complete 32 years of service to the company this year) I have only one realisation - that it's more than the time I have spent with my family.

People have often asked me why I never looked for other opportunities, specially the younger generation of restless professionals. I was very clear what I wanted from my working life. To be respected as an individual and to take home a safe and clean conscience. Today, after 32 years in the company, I can boast to anyone willing to listen that I have never been asked to, or never had to do anything that would compromise these two values I consider sacrosanct. And I know today that this applies not only to me but to each and every one of my colleagues. This is the kind of respect and professionalism that makes you heave your chest and say, "I work for Mahindra & Mahindra."

Another aspect of this company culture is the fact that although I come from a Finance and Accounting background, I was given ample opportunity to be an entrepreneur. How many companies give you that kind of performance independence? To be an entrepreneur is an adrenalin-charged challenge but start-ups are riddled with risks and problems - much more than running businesses. For example, Mahindra World City had a very long gestation period. There was a lot of pressure and advice on what to do with the project, but both the Group Chairman and Vice Chairman believed in my vision, supported me and gave me a free hand.

Today Mahindra World City is being recognised the world over as the most appropriate and successful model for an integrated city. The same can be said of Mahindra Holidays. I don't know of many managements who would support professionals to such an extent.

A small incident, years ago, not only changed the course of my life but also demonstrated to me the company's attitude and values. I was two years old in the company, a green-behind-the-ears Chartered Accountant, and the budget was to be presented to Mr. I. Chatterji who was then the Chairman of MMC (a Mahindra group company in Calcutta) and the Executive Director of Mahindra & Mahindra.

The CFO suddenly took ill and although I was the youngest in the team, I was given the opportunity to make the presentation to Mr. Chatterji. Within two months I got my marching orders - as CFO of Mahindra Sintered Products Ltd., Pune, one of our most profitable subsidiaries. Age was no bar. At 26, I was promoted based on my abilities.

Congratulations from Chairman Keshub Mahindra on 25 years of service.

The opportunities and growth continued. I have had a very satisfying career with the company. I joined as a young accountant at Calcutta in 1973 and the thought of becoming a Director of the parent company in less than 20 years had not even remotely crossed my mind. Both Bharat and I, at 43 years of age, were on the board of the parent company, a much coveted position for that age group. I am sure that both of us had, in our own ways, contributed to the company but what is important is the fact that the company recognised talent and rewarded it purely on merit. I can assure you that I had no godfathers to whom my promotions can be credited. What

I'm trying to emphasise to my younger colleagues is the fact that M&M is one company where hard work, talent, and enterprise does not go unnoticed. If you work with sincerity and contribute to the growth of the company, you will be commended and rewarded.

Dr. J. Jayalalithaa, CM, Tamil Nadu, was present to lay the foundation stone of the Infosys campus at Mahindra World City.

The past thirty-two years are filled with memorable moments - the highs and lows, the landmarks and the celebrations. And a lot of learning! There is one message in particular which has stayed with me always. It was the first time I met the Group Chairman, Mr. Keshub Mahindra, before my promotion to the Senior Management level. He gave me just one piece of advice. He said, "Arun, in life always be fair and more importantly be perceived to be fair." This has been my guiding principle in my entire working life.

I would like to take this opportunity to thank all my colleagues for their support and wish them and their families all the very best. I hope all of you enjoy working with the Mahindra Group as much as I have.

 

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