Shine Bright Like A Diamond!

This year’s festivities are extra special! Mahindra & Mahindra Ltd. - the flagship company of the Mahindra Group, is celebrating its Diamond Jubilee of 75 years. And we want to celebrate it with you!

Even before India gained its independence, two young men, Jagdish Chandra Mahindra and Kailash Chandra Mahindra dreamed of a modern nation that would take it’s rightful place in the world. On October 2nd 1945 the two enterprising young men, joined hands with a third, Ghulam Mohammed, to set up Mahindra & Mohammed, a steel trading company. In 1948, post-Partition, the nascent company changed its name to Mahindra & Mahindra.

Today, Mahindra is a respected global brand, with over 150 companies and over 250,000 employees, and a presence in over 100 countries across 11 different business sectors.

The Mahindra Group celebrates October 2nd every year as its Founders’ Day. As Anand Mahindra, Chairman, Mahindra Group, has said, “Sharing our birthday with that of the Father of the Nation is a never-ending source of inspiration for us.”

Don’t miss the special broadcast on October 2nd by the Mahindra Group’s top leadership team to listen to the turning points in Mahindra’s 75-year journey - growing bigger and better with every decade, and now setting our sights on the next phase of this incredible journey.

And that’s not all— along with a host of interactive activities to mark this special day, we have planned an entire year filled with contests and events to celebrate this huge landmark. Stay tuned for more announcements this Friday!

Put on your seatbelts! The ride has just begun.

Club Mahindra Highlights its Growth Strategy

Confident, positive, upbeat and optimistic are some of the words that could describe the fourth townhall address by Dr Anish Shah, Deputy Managing Director & Group CFO, Mahindra Group. With most Mahindra Group companies well on their way to attaining ‘normal or near normal’ levels, barring a second wave of the Covid-19 pandemic or other unforeseen event, they could recover lost ground soon, he said.

Here are the key takeaways from Dr Shah’s address.

  • The Tractor business, the poster child of the Group, continues its amazing performance of the past four months. The growth trajectory has been sustained: May saw a 2% increase year-on-year, June 12%, July 28% and in August it was a phenomenal 69%. The business has generated a lot of cash and put itself in a strong position. For now, the crisis seems to be history.
  • For the Auto Sector, the recovery trajectory has been slower. However, sales figures are improving. We expect things to get ‘closer to normal’ though a full recovery could require another 3-6 months.
  • Tech Mahindra had a ‘fantastic’ quarter which saw the technology major register its highest ever cash generation. Concerns about customers cancelling contracts proved to be unwarranted and the company is in an extremely comfortable position.
  • The uptick in rural markets has helped Mahindra Finance zoom ahead on the recovery path. The company had come out with a very successful Rights Issue.
  • Mahindra Lifespaces has kickstarted its recovery march. However, with the Indian real estate industry continuing to be beset with problems, the recovery efforts have been impacted.
  • Mahindra Logistics has also recovered lost ground. The business recently won a large contract which has placed it in a comfortable situation.

‘The focus is on the customer at Mahindra Holidays’

Kavinder Singh, MD and CEO, Mahindra Holidays and Resorts, recounted the businesses’ growth and its strategy to continue growing into the future.

In 2014, when Kavinder Singh assumed charge at Mahindra Holidays, there were serious worries about the company’s survival. The numbers were not that great; the company had about 12,000 customers and Rs. 15 crores in cash. However, things have changed for the better since then.

Under Mr. Singh’s watch the business has grown and today boasts of a customer base of 258,000+ members, 100 resorts and cash reserves of Rs. 800 crores. The company’s profits had grown at a CAGR of 25% over the last 5-6 years. The transition has come about as a result of a careful execution of a strategy and relentless effort to drive change.

Three key strategies have guided Mahindra Holidays’ transformation journey: first and fore most the conscious effort to make every moment magical for its customers. Second, bringing about behavioural change to include aspects such as going the extra mile for customers, driving positive change, respecting people and demonstrating ownership through speed and action.

However, a pivotal aspect of the transformation journey has been the obsession with the customer. A minimum of 1,000 conversations per day happen with customers and that has helped the Mahindra Holidays team gather valuable insights.

The focus on customer experience, digitization, creating a culture that values customers and their experience, and the focus on frontline conversations have been key to the transformation of the company.

Mahindra Group Honoured with COVID Crusaders Award

The Mahindra Group - which took the lead in organising corporate India’s battle against the Covid-19 pandemic has been awarded the first-ever COVID Crusaders Award, 2020. The award for ‘Exemplary work done by a Corporate in India’ category was shared by the Mahindra Group along with Godrej Industries.

The award has been instituted by the Indo-American Chamber of Commerce along with the US Consulate General, Mumbai. It celebrates the true spirit of humanity and recognises the efforts of individuals, MSMEs, start-ups, NGOs and corporates in India and USA towards Covid relief measures.

The Group was among the first corporates to deploy men and material in the fight against the pandemic. Mahindra leveraged its expertise and resources to manufacture ventilators, face shields, face masks and hand sanitizers. In addition, the Group also provided cooked meals and dry grain packets to the needy.

The award was given away at a virtual award ceremony held on September 25. Bhagat Singh Koshyari, Governor of Maharashtra, Asa Hutchison, Governor of Arkansas, David Ranz, US Consul General, and Naushad Panjwani, president IACC West India Council, were among those who attended the event.

About 76 corporates were nominated from which 41 were shortlisted for the final round. A jury comprising eminent personalities from India anonymously voted for the winners in various categories. Other winners of the award included Google, Akshaya Patra Foundation and Goonj. The award is a shining testament to the Mahindra Group’s credo of Rise for Good.

A New Reading Experience Awaits!

The Mahindra Group’s online Newsroom has just received an upgrade! The revamped Newsroom section now makes it easier for readers to get all the information in one place and allows them to easily access the sections.

Navigating the Newsroom

The new Newsroom is designed in Mahindra’s colours, making it easy to spot the different sections. You can search for the required information in various ways. For instance, if you are looking for information related to Group businesses, then browse by industry. You have a plethora of options – check out brief informational snippets, or news items. Read stories and opinions. Access the resources related to each industry.

Press Releases will give you the most detailed and credible news from across Group businesses, while the ‘In The News’ section features interesting stories about Group businesses published by various publications.

Want to check out CSR, Sustainability, Corporate, Brand or Mahindra Racing initiatives? Go straight to the Corporate Groups section. Or perhaps you just want to read impact stories to give you a fillip? The Knowledge Centre is the place for you. You can even read our leaders’ opinions and expert views here.

You can also explore our Media Resources – the Images section has images of our leadership team and spokespersons, news of our products, events, services, etc. Digital, corporate and product videos from our audio-visual collection also form part of Videos while our Media Library holds our most important documents and newsletters.

What are you waiting for? Sign up and subscribe! Customise alerts for press releases on Mahindra Businesses in general, or just the business you’re interested in. You can even set alerts for specific sections of the Newsroom.

You can contact us by email, mail or telephone. All contact information is at your fingertips. Check the all-new Newsroom out and let us know what you think!

  Tweet of the Week

Mahindra Thar

The one and only All-New Thar #1 is proud to go the extra mile and raise ₹ 2.22 cr. to support India’s battle against #COVID19.

Mahindra has matched the winning bid of ₹ 1.11cr and will donate the entire proceeds to the charitable organisation as chosen by the highest bidder.

Read the Tweet

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