As we embark on a New Year, Mahindra Group Chairman gave an inspiring message about the Group’s tryst with destiny.
Anand Mahindra, Chairman, Mahindra Group, said -
“Jawaharlal Nehru famously spoke about India and her Tryst with Destiny as he called it. In the Mahindra Group, we have had our own tryst with destiny, and that is what I would like to talk about as I greet you at the dawning of a New Year.
Let me take you back to 2002. All the indicators of corporate health was at their lowest, and people were predicting that we would fail, as other Indian auto companies were failing.
That December, we held the first Blue Chip conference. There we sat down and made a promise to ourselves. We pledged that we would restore ourselves to health, that we would become a Blue-Chip company again. And that we would never, ever give up that position in the future.
If I may take the liberty of paraphrasing Pandit Nehru, 17 long years ago, we made a tryst with destiny and time has shown that we have redeemed our pledge. Look where we are today. Between 2002 and 2018, the Mahindra Group has been the best performing stock of all the Nifty Index companies with a CAGR of 31%! This is how our profits have grown. This year, we have declared our highest profit ever. And our share price reflects how the world perceives us. 2002 was truly the year we took our destiny into our own hands.