Voice of the Teenage Girl

Indian teenage girls today are more educated, independent and aspirational than ever before. Seven in ten of them want to graduate, three in four have a specific career path in mind and do not want to marry before 21. However, with every fifth teenage girl not being exposed to education, every second teenage girl believes boys have better opportunities to pursue higher studies.

India has got its first official report card on the education, health and empowerment status of teenage girls, and for this 1,000 women officials went door-to-door from Kashmir to Kanyakumari. About 74,000 young girls from 600 districts across 30 states narrated their stories, to be finally published in the Teen Age Girls (TAG) Report. It is brought to you by Project Nanhi Kali and is compiled by Naandi Foundation with grant support from Mahindra and Mahindra.

The TAG survey findings have been used to prepare an Index that compares the lifestyle led by teenage girls of each state. According to the survey, Kerala and Mizoram are believed to be the best states, while Mumbai, Kolkata and Bengaluru have been ranked as the top three cities for teenage girls to live in.

Anand Mahindra, Chairman, Mahindra Group, said, “There was a pressing need to understand our teenage girls better. The extensive network of Project Nanhi Kali and the Naandi Foundation enabled the collection of critical and meaningful insights. I am confident that the TAG Report will serve as an important reference document for those in both, the public and private sectors, that are working towards upliftment of the girl child and women across the country.”

The TAG Report will serve as a roadmap to help policy makers, NGOs and CSR teams of companies to strategize and implement better initiatives. M&M’s Project Nanhi Kali will also leverage the findings to explore new opportunities that will enable more teenage girls in India to reach their true potential.

Mahindra Finance Doubles Profit in Q2, FY19

Signaling a resurgence in rural India, Mahindra Finance has registered a 132% growth in the second quarter of 2018. The Profit After Tax (PAT) stood at Rs.381 crore as against Rs.164 crore during the corresponding period last year. The total income also increased by 39% at Rs. 2,148 crore during the second quarter of FY19, as against Rs.1,540 crore last year.

With the merging of the aspirations between rural and urban India, and an increase in willingness to spend, India’s rural economy is set to lead the next phase of growth in the country.

Ramesh Iyer, Vice Chairman and MD, Mahindra Finance, said, “After two years of struggle, we’re seeing that Indian rural sentiment has definitely turned positive and farm cash-flow has held up. On-time, widespread and more-than-average rainfall predicted this year will lead to rural consumers pulling out money and spending it.”

With its presence in 330,000 villages across the country, Mahindra Finance has been a driver of growth in rural India. From providing personal loans, vehicle and SME financing to consumer broking, Mahindra Finance Ltd. has registered a growth of 78% over the same period previous year.

Testing 1 2 3

The pre-season testing event at Valencia, Spain, was an emotional roller-coaster ride for the Mahindra Racing team. The steady downpour on that day could not dampen the spirits of the two racing champions, Jérôme D’Ambrosio and Pascal Wehrlein who were zooming along the racing track in their all new M5Electro cars.

Topping the timesheets in 1-2 during the last practice session, the Mahindra Racing team completed 302 laps with Jérôme making it to the fourth position. Pascal was among the top ten. The team and the champions are now confident of carrying this winning momentum into Season 5 of ABB FIA Formula E Championship.

On December 15, 2018, the world’s first all-electric international single-seater city street racing series, will head to Ad Diriyah in Saudi Arabia. This Championship will witness 11 teams and 22 Generation 2 cars on the track for the very first time.

Dilbagh Gill, Team Principal and CEO, Mahindra Racing, said, “I believe that Season 5 of the Championship will be very exciting with an all-new driver lineup and potential talent racing on the tracks this year.”

We Drive Sustainable Change

Today, several multinational companies across the world are encouraging and supporting nations to adopt green practices. There is greater emphasis on growing businesses while making the Earth a greener, more hygienic and healthier place to live in.

Mahindra and Mahindra through its various sustainable practices is not only transforming its businesses globally, but also providing innovative solutions to tackle environmental damages. At a two-day seminar ‘Nexos +1’ in Peru, South America, Mahindra Group’s CSO Anirban Ghosh addressed entrepreneurs, experts and visionaries about sustainable practices which can provide solutions to environmental challenges in Peru and Latin America.

Talking about the several ‘green initiatives’ that M&M has taken up over the years, Anirban Ghosh explained the concept of the Company’s sustainability framework that has doubled the per capita income of 20,000 Indians. The Group has demonstrated that sustainability does not come at the cost of profit; revenue from Mahindra’s green businesses are valued at more than USD 400 million.

Anirban Ghosh, Chief Sustainability Officer, M&M, said, “The challenge for any corporation is two-fold. We have to keep reducing the carbon footprint while managing waste better and doing things responsibly within the organization. But by just doing that we will not be able to win the game. It is imperative that we enable the functioning of green businesses to continue generating greater revenues.”

 Tweet of the Week

We consider it a privilege to #RiseForGood by serving our nation. Watch @anandmahindra pledging our support to the newly launched #Self4Service platform, in his interaction with Hon’ble Prime Minister @narendramodi @PMOIndia

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