Keshab Mahindra, former chairman of the Mahindra Group, died at the age of 99

Keshab Mahindra, former chairman of the Mahindra Group, died at the age of 99. He led the company from 1963 to 2012.

Keshab Mahindra, a former chairman of Mahindra & Mahindra (M&M), passed away today. Between 1963 and 2012, Keshab, now 99, served as the Mahindra Group’s chairman. After Keshab Mahindra retired in 2012, his nephew Anand Mahindra assumed control of the business. He is the M&M Group’s Chairman Emeritus at the moment. 1947 marked the year that he made his M&M debut.

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The oldest billionaire in the country was Keshab Mahindra.

Keshab Mahindra, the uncle of Anand Mahindra, had a net worth of $1.2 billion and was the oldest billionaire in India. This information was included in the Forbes magazine’s published list of the world’s billionaires that same year. He also received the Ernst & Young Lifetime Achievement Award earlier in 2007.

studying in the US

After earning his degree from the University of Pennsylvania in the United States, Keshab Mahindra began working for the Mahindra Company in 1947. In 1963, after many years of labor, he was appointed group chairman. He remained in this position until August 2012 after that.

business was founded before independence

Keshab Mahindra, JC Mahindra, and Malik Ghulam Mohammed founded the business under the name Mahindra & Mohammed at the same time that the nation was fighting for independence. In Ludhiana, Punjab, it was founded on October 2nd, 1945, as a steel trading company. Gandhi and Nehru’s ideas had a big impact on JC Mahindra. Due to this, Ghulam Mohammad’s name was listed among the founders of the business despite his small equity in it. so that the nation’s citizens can hear the message of unity.

The division changed the name of the business to Mahindra & Mohd.

Ghulam Mohammad opted for Pakistan as soon as the country was divided, not the Company. He travelled there and was chosen as the country’s first finance minister. This Ghulam Mohammad also rose to the position of Governor of Pakistan later in 1951. Here, the company’s business was also impacted by Ghulam’s departure. The company’s name was the subject of a lot of debate. It might be a loss to rename the business given that all stationery related to it was printed with the name M&M. Finally, JC Mahindra shrewdly kept the company’s M&M moniker while renaming the company from Mahindra & Mohammed to Mahindra & Mahindra.