In the News
Mahindra Finance, set up to provide vehicle loans to rural customers, has enhanced the lives of over four million people. It has now diversified into insurance and housing finance
Rare cases occur when a business--typically helmed by an exceptional individual--demonstrates an earnest commitment to social justice or the promotion of free thought. Anand Mahindra, and his 18B dollar multinational group Mahindra & Mahindra do both.
THE NEW YORK TIMES
Just as urbanites may find it impractical to own a car but still need a ride once in a while, so, too, in the Indian countryside: To get the most from their land, small-scale farmers may need tractors and other machines from time to time, but they may not be able to afford their own.
The Mahindra Group is seeing a new, big and emerging opportunity in the growing population of old vehicles. Almost in tandem with the government’s plans to lay out end-of-life norms for vehicles, Mahindra Group company Mahindra Intertrade is scouting for a place in Maharashtra or Gujarat to set up the first vehicle scrapping plant, through its 50:50 joint venture with MSTC Ltd (a government of India enterprise).
Mahindra Finance has increased its reach. Penetration now stands at 44% from 37% in FY15. It is present in about 2,86,000 villages with plans to add one lakh more villages in the next 18 months.
Mahindra ranked 3rd in the latest edition of Transparency in Corporate Reporting: Assessing Emerging Market Multinationals. The report ranks 100 of the fastest-growing companies from 15 emerging market countries on various parameters of transparency and governance.
Mahindra Auto & Farm sectors, Mahindra Finance, Mahindra Insurance Brokers, and Mahindra Intertrade ranked amongst 'India's Best Companies to Work for, 2016' by The Economic Times.
Mahindra, which has 104 businesses operating in 100 countries and $17.8 billion in revenue, first came to Houston in 1991. In 2011, the company expanded its tractor and all-terrain vehicle business, building a 135,000 square-foot headquarters building in northwest Houston.
Johng-Sik Choi, President and CEO, SsangYong Motor Company, outlines plan for profitability with a focus on 'robust, specialist, premium' SUVs, and an eye on Range Rover, the famous British brand.
Mahindra Group is sharpening its focus on digital technologies such as Blockchain, Big Data analytics, the Internet of Things (IoT), and even augmented reality (AR) and virtual reality (VR), to boost growth.
Anand Mahindra, chairman of India's Mahindra group, is optimistic that the nation's economy is poised to "surprise on the upside" thanks to the business-friendly policies of Prime Minister Narendra Modi.
The March quarter was the best in FY16 for Mahindra & Mahindra Financial Services. Ramesh Iyer, vice-chairman & managing director, Mahindra & Mahindra Financial Services talks about what lies ahead.
Chairman, Anand Mahindra speaks at the opening of the high level signature ceremony for the Paris Climate Agreement at the United Nations.