The Mahindra Group began its journey in 1945 as a steel trading firm. J.C. Mahindra, K.C. Mahindra, and Malik Ghulam Muhammad founded it. It has come a long way and is diversified across various industries, becoming a prominent business conglomerate. The group's early advocacy of globalisation led to partnerships in shipping, telecoms, tractors, and more.
Anand Mahindra is the chairman of Mahindra & Mahindra, and they have played a significant role in expanding the company globally, venturing into sectors like vehicles, agribusiness, IT, and aviation. Anand Mahindra's leadership earned him recognition on Barron's Top 30 CEOs Worldwide List (2016) and Fortune Magazine's World's 50 Greatest Leaders (2014).
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He was also honoured as a Knight in the National Order of the Legion of Honour by the President of the French Republic in 2016.
In this blog, let's delve into the history of the Mahindra Group and its notable companies:
History of Mahindra group
Here is the overview of the Mahindra group’s journey from 1945:
- In 1945, 'Mahindra and Mohammed' was founded as a steel trading company.
- In 1947, Mahindra introduced the Jeep to India through a partnership with Willys Overland Export Corporation, USA.
- In 1950, M&M collaborated with Mitsubishi to produce 5000 tonnes of steel for wagon building.
- In 1955, the company went public and was listed on the Bombay Stock Exchange in 1956.
- In 1963, Keshub Mahindra assumed the role of Chairman.
- In 1983, Mahindra became India's largest-selling tractor brand, maintaining this position for three decades.
- In 1986, Mahindra entered the telecom IT services sector through a joint venture with British Telecom, UK, which later became 'Tech Mahindra.'
- In 1991, Maxi Motors Financial Services Limited was established, later renamed 'Mahindra & Mahindra Financial Services Limited.'
- In 1999, Mahindra & Mahindra Financial Services Ltd., which commenced operations in 1995, became a subsidiary of M&M.
- In 2004, the Mahindra Systems & Automotive Technologies (MSAT) Sector was established.
- In 2008, Mahindra ventured into the two-wheeler segment, launching its automotive facility in Pune.
- In 2009, the company entered the Aerospace segment for diversification.
- In 2013, Tech Mahindra and Mahindra Satyam merged.
From its modest beginnings as a steel trading firm in 1945, the Mahindra Group rapidly evolved into a multi-billion-rupee conglomerate. Strategic acquisitions, totalling around 60 in the past seven years, spanned various industries, from engineering and IT to aerospace and two-wheelers, forming the cornerstone of the group's growth strategy. The group aims to explore further opportunities in sectors such as rural transformation, urbanisation, transport, tourism, digital transformation, and security.
Mahindra group of companies
The group's significant company segments include:
Mahindra and Mahindra Limited
The flagship company of the Mahindra Group offers a range of mobility and agricultural solutions, including SUVs, hybrid cars, trucks, commercial vehicles, tractors, two-wheelers, and construction equipment.
Tech Mahindra Limited
A global information technology company focusing on customer-centred experiences, serving 941 global clients with over 125,700 professionals in 90 countries.
Mahindra & Mahindra Financial Services Limited
Providing financial solutions, including vehicle financing, SME financing, mutual funds, fixed deposits, and personal loans, focusing on passenger vehicles, utility vehicles, tractors, industrial vehicles, and construction equipment.
Mahindra Holidays and Resorts India Limited
Part of the leisure and hospitality sector, it offers quality family holidays primarily through vacation ownership and boasts a fast-growing customer base and multiple resorts in India and abroad.
Mahindra Logistics Limited
A leading 3PL solutions provider with a strong presence in supply chain management and enterprise mobility solutions, serving various vertical markets.
Mahindra Aerospace Private Limited
Focused on utility aircraft and aerostructures, with aerostructures production in India and utility aircraft manufacturing in Australia.
Conclusion
The Mahindra Group's commitment to long-term support, innovation, and societal development has made it a trusted and esteemed organisation in India. The company's vision spans various segments, emphasising growth and social responsibility.
The Mahindra Group's journey, from its inception in 1945 to its present prominence, reflects its dedication to innovation and excellence. It is one of India's leading companies, known for its reliability and commitment to progress.
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