Who don’t want to own a four wheeler once in their life? Perhaps everyone. But what if you make a four wheeler company which later become a whole automobile empire. There has always been someone in a century who is there to built such an empire. And when time comes they leave us with this beautiful empire and dreams of million.
About India’s oldest billionaire
Mr. Keshub Mahindra
Credit: Google
an esteemed Indian businessman and the esteemed chairman emeritus of the Mahindra Group, is recognized for his outstanding contributions to the company’s success. As the co-founder’s son, Mr. Mahindra has been intimately involved with the Mahindra Group since its inception. He was conferred with the Wharton, University of Pennsylvania’s distinguished degree, and commenced his career with Mahindra & Mahindra in 1947. After leading the conglomerate for almost five decades in the position of Chairman, he retired in August 2012 and passed the baton to his nephew, Mr. Anand Mahindra. In addition to his business acumen, Mr. Mahindra was renowned for his philanthropic work, which made a significant impact on society. His passing, on April 12th, 2023, was felt by many people worldwide.
As per government appointment, Mahindra was tasked to participate in several committees including the Sachar Commission on Company Law & MRTP and the Central Advisory Council of Industries. Additionally, he served as a member of the Prime Minister’s Council on Trade & Industry from 2004 to 2010.
Over a prolonged period spanning four and a half decades, he held the esteemed position of Chairman at the Mahindra & Mahindra group, from 1963 to 2012. Under his astute leadership, the Mahindra Group evolved beyond their core automotive manufacturing operations to encompass IT, real estate, financial services and hospitality ventures. Upon his retirement, he named his nephew Anand Mahindra as the successor to head the group.
A Heartbreaking News
Credit: Google
It is with great sadness that we announce the passing of Keshub Mahindra, the chairman emeritus of Mahindra & Mahindra, at the age of 99. This news is especially heartbreaking given that just recently, Mr. Mahindra had re-entered the Forbes list of India’s Richest Billionaires for 2023. According to the latest Forbes rankings, he was not only the oldest billionaire in India, but also had a net worth of $1.2 billion, making him one of the wealthiest individuals in the world. Our thoughts and condolences go out to Mr. Mahindra’s family and loved ones during this difficult time.
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Keshub Mahindra at a glance
- Keshub Mahindra, a prominent figure in Indian business circles, was born on October 9, 1923 in the city of Shimla.
- He attained his degree from the esteemed Wharton School of the University of Pennsylvania in the United States.
- Keshub’s father, K C Mahindra, established the company in 1945. Keshub himself became a part of the Mahindra Group in 1947 and later took on the position of Chairman in 1963.
- Under his leadership, the organization has undergone a significant metamorphosis, transitioning from its roots as a mere assembler of Willys jeeps in India into a multifaceted conglomerate.
- In 2012, Keshub stepped down from his position as head of the Mahindra Group, a role he had held for 48 years. The chairmanship was then passed on to his nephew, Anand Mahindra.
- The Government of India has appointed an esteemed philanthropist who has revolutionized the norms of corporate governance in India to serve on a number of Committees. These Committees include the Sachar Commission on Company Law & MRTP as well as the Central Advisory Council of Industries. The appointed individual is widely recognized for their exceptional contributions to the field of social welfare and brings a wealth of expertise and insight to these Committees.
- With an extensive professional background, he has contributed his valuable expertise to numerous Boards and Councils of acclaimed organizations from both the private and public sectors. Some of his notable contributions include as a board member of SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC, and ICICI.
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