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Anand Mahindra takes over as M&M chairman

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Anand Mahindra takes over as M&M chairman

by PTI

Posted on 09 Aug 2012

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Anand succeeds Keshub Mahindra who announced his retirement after leading the group for over 45 years

After leading the group for over 45 years, Keshub Mahindra today retired as Chairman of Mahindra & Mahindra group and said it is time to "break new grounds" for the company under his successor Anand.

Keshub, who remained as one of the directors on Mahindra & Mahindra's board for 64 years overseeing the group's metamorphosis from a steel trading company to a USD 15.4 billion diversified group, handed over the baton to his nephew and Vice-Chairman and Managing Director Anand Mahindra.

"I do want to stress that it has been a very difficult year and a most challenging one," Keshub told the company's shareholders in its Annual General Meeting here.

He said there were problems stemming from many circumstances abroad like sovereign debts of many advanced economies, turmoil in the Middle-East, weakening global economic environment and India's rising fiscal and current account deficits.

The 88-year old, who would continue to be Chairman Emeritus of the group, said: "By now, all of you know that after having enjoyed the privilege of serving as a Director of your company for 64 years, and the honour of being Chairman of the Board for 48 years, I have decided to hand over the baton to the younger generation."

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babasaheb tarkase

we indians still need simple 550D a jeep to cost low for farmers can Anand bring anand in millions of farmers lives.

286 days ago Reply Agree (0) Disagree (0) Recommend (0)

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m kumar

sir a new car showrooms in haridwar my side is on this main roads are link to lakhaser road I site for the showrooms

286 days ago Reply Agree (0) Disagree (0) Recommend (0)

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Anand Mahindra takes over as M&M chairman

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Anand Mahindra takes over as M&M chairman

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