Giving and Receiving

The President of India, Shri Ram Nath Kovind, presented the first-ever National Corporate Social Responsibility (CSR) Award to select companies in New Delhi on October 29. The Mahindra Group was the only corporate to be honored with awards across all three categories for its outstanding contributions in the field of Corporate Social Responsibility.

The 3 awards were in the following categories:
1. Excellence in CSR
2. National Priority Area Education for Project Nanhi Kali
3. National Priority Area Agriculture & Rural Development for the Integrated Watershed Management Programme in the state of Madhya Pradesh

While the National CSR Award for Excellence in CSR will be handed over to Anand Mahindra, Chairman, Mahindra Group or Pawan Goenka, MD, M&M Ltd, at a later date, the other two awards were received by Manoj Chugh, President-Group Public Affairs, M&M, in the hands of Nirmala Sitharaman, Hon. Union Minister for Finance and Corporate Affairs, and Anurag Thakur, Minister of State for Finance and Corporate Affairs.

The National CSR Awards (NCSRA) have been instituted by the Ministry of Corporate Affairs to recognize corporate initiatives in the area of CSR to achieve inclusive growth and sustainable development. These awards are the highest recognition in the domain of CSR by the Government of India and seek to recognize the companies that have made a transformative impact on society.

This year, 528 entries were received for the NCSRA. After shortlisting as per the prescribed criteria of the jury, 131 companies were invited for detailed submissions which were then followed by field verification of the claims made by the companies. Based on the submissions by the companies and reports of the independent assessment by CSR experts, the jury recommended 19 winners and 19 honourable mentions across the three award categories.

The ceremony was graced by Ms Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Anurag Singh Thakur, Minister of State for Finance and Corporate Affairs, Injeti Srinivas, Secretary, Ministry of Corporate Affairs, industry leaders, senior government functionaries, CSR professionals, and other esteemed dignitaries.

Innovate, Don’t Inno-wait

With 23 teams displaying their innovative projects to vie for a coveted win at the Mahindra Rise Awards 2019, the recently concluded Mahindra Innovation Mela at Mahindra Towers, Worli, Mumbai, became the perfect platform for Mahindra-ites to showcase their innovative thinking to #FUTURise businesses.

Initiated in 2013, the Mahindra Innovation Mela is the Group’s flagship platform that recognizes innovative work done by employees. Over the years, it has become an ideation cocoon for businesses to discover, synergise, and create game-changing outliers.

Participation was open across five categories – Process, Offering, New Business Idea, Business Model, and Dare to Dream. Depending on the category, the evaluation was carried out based on uniqueness, impact/benefit challenges faced, business potential, go-to-market strategy and learnings.

Anish Shah, Group President, Strategy; Member of the Group Executive Board, said, “Innovation is really the lifeline of the organization. It is required for organizations to succeed. To stay ahead of the game we have to innovate. We’ve got to find a new way of doing things and finding solutions to customers’ problems.”

The jury panel included Ranjan Pant, Member, Mahindra Partners Investment Committee; Nikhil Malhotra, Senior Technical/ Device Development Architect, Tech Mahindra; Pravin Shah- Senior Advisor, M&M Ltd.; Dhaval Buch, CEO, Bristlecone; Amit Gandhi, Managing Director & Partner, BCG; Sunil Kulkarni- VP Manufacturing Operations, Automotive Division, M&M Ltd. and Pirojshaw Sarkari, CEO, Mahindra Health Care Business.

The winners of the Mahindra Innovation Awards 2019 will be felicitated at the Rise Awards 2019 ceremony on November 13 at the Nehru Centre Auditorium in Mumbai.

The employees tapped their creative potential and inspired colleagues to become more innovative. From Mahindra’s smart mobility platform Glyd, design of the world’s first single-cylinder diesel engine with unique engine architecture for meeting BS6 emission norms, to a Sensex of employee emotions; with elaborate models and neatly adorned kiosks, each stall was a window to the excitement with which the participants prepared for the event.

The Anti-Gravity photo booth and Racing Tug of War activities organized on venue were crowd magnets. In keeping with the theme, an audience poll was also conducted with a slingshot that beamed the voter’s selfie on screen.

Futuristic Thinking

The third edition of the Future Investment Initiative (FII) organized by the Public Investment Fund in Riyadh, Saudi Arabia, focused on utilizing investments to drive growth opportunities, enable innovation and disruptive technologies, and address challenges that are shaping the global investment landscape.

Organized around the overall theme of ‘What is Next for Global Businesses?’, the event focused on three key pillars – Sustainable Future, Technology for Good and Advanced Societies. The event was attended by over 6,000 people from government leaders to heads of business conglomerates. They discussed new economic models and frontier technologies through keynotes, open conversations and plenary summits.

Delivering the keynote address for the plenary session on the ‘Rise of an Interconnected Economy’, Anand Mahindra, Chairman, Mahindra Group said that the current global trade tensions have given India an opportunity to use its clout and negotiate bilateral trade deals.

Mr Anand Mahindra, said, “India is a beneficiary of trade friction and geopolitical tensions. Bilateralism works in favor of economies like India which are large, and people will want to negotiate with and get access to. India will benefit from this bilateral negotiation regime, and when multinationalism returns, India will be in a much more strategically placed position to take advantage of that.”

Anand Mahindra also discussed the state of India’s economy and the nation’s auto industry. Click here to watch the interview with Bloomberg on the sidelines of the FII in Riyadh.

Growth Path

Led by higher revenue and operating profit, Mahindra Holidays & Resorts India Ltd. reported strong growth during Q2 FY-20 across all key metrics. The company registered a consolidated net profit of Rs. 24.4 crore as compared to a loss of Rs. 3.3 crore for the same period last year. Total income during the second quarter also rose to Rs 573.83 crore, as compared to Rs 532.88 crore in the year-ago period.

Kavinder Singh, Managing Director & Chief Executive Officer, Mahindra Holidays & Resorts India Limited, said, “Our robust business model has helped us deliver improvement in Key Performance metrics: Income growth, Profit margin expansion and PAT growth this quarter. Our

cash position has improved to Rs. 675 crore. This is despite a slowdown in discretionary spends in the Indian economy and relatively lower resort occupancies due to heavy rains/floods in Kerala, Karnataka, Himachal Pradesh and Uttarakhand.”

Reflecting their optimism about the growth in the vacation-ownership business model, Mahindra Holidays is investing Rs. 1,000 crores to develop new resorts and adding 1,500 rooms in the next three to four years. They are also expanding their international resort base by adding over 42 resorts spanning South East Asia, the Scandinavian countries and the USA.

Rugged Roxor

ROXOR, the ultimate off-road vehicle conceived, designed and engineered by Mahindra Automotive North America is leaving its mark on muddy trails, dusty worksites and hidden hunting spots across the world. After conquering the grueling NORRA Mexican 1000, a 1,250-mile off-road contest in the vast expanses of Baja, Mexico, the rugged, no-nonsense side-by-side is being proudly showcased at the premier automotive specialty products trade event, SEMA 2019 in Las Vegas, USA from November 5 to November 8, 2019.

With 70 years of heritage behind it and a world of adventure ahead, ROXOR is a tribute to Mahindra’s long history of assembling iconic military-grade vehicles beginning in 1947; it features a steel body on a boxed-steel frame, a heavy-duty Mahindra turbo-diesel 4-cylinder engine, and a truck-style transmission.

Two displays - one inside and one outside are showcasing the Marshal and the Coastal Cruiser dream concepts. The Marshal is a four-wheel-drive ROXOR with a twist on the yesteryear street rod taken to a variety of off-road terrains, while the Coastal Cruiser ROXOR incorporates the finest woodworking with Detroit steel.

Answering the strong commercial demand for ROXOR, also joining the dream concepts is a production ROXOR, finished with the exclusive ROXliner material that provides the most durable finish for the harshest trails.

NORRA Mexican 1000 racer Ned Bacon and the race-prepped, and race-conquered ‘Baja Bacon ROXOR’ at the outdoor display in SEMA 2019 are demonstrating what the ROXOR can takein its stride in harsh terrains.

Rich Ansell, Vice President of Marketing for Mahindra Automotive North America, said, “As ROXOR readies for the new model year 2020, the company is launching new model changes to the ROXOR that will appeal to the diverse customer base. SEMA is the perfect venue to show the endless possibilities the ROXOR offers to both the off-road enthusiasts and the job-site focused workforce. We are charging into 2020 with momentum and more fresh ideas.”

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Mahindra Electric

We are proud to share that Mahindra Electric is the 1st company in India & 2nd worldwide, in our sector, to get approval by @ScienceTargets for the reduction in GHG emission targets.

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