The chairman emeritus of Mahindra & Mahindra, Keshub Mahindra, passed away at the age of 99 on Wednesday, as confirmed by INSPACe chairman Pawan K Goenka on Twitter.
Keshub Mahindra served as the chairman of the Mumbai-listed conglomerate for an impressive tenure from 1963 to 2012. He had joined his father's company in 1947, which initially focused on manufacturing and selling utility vehicles. Upon his retirement, he appointed his nephew Anand Mahindra as his successor.
Under his leadership, the Mahindra Group, with a valuation of USD 19 billion, expanded its portfolio beyond tractors and sports utility vehicles, venturing into software services, hospitality, and real estate sectors.
He was also the founder of the Housing and Urban Development Corporation Limited (HUDCO), Vice-Chairman of Housing Development Finance Corporation, Director of Bombay Dyeing & Manufacturing, Chairman Mahindra Ugine Steel, and Bombay Burmah Trading Corporation Limited. He was awarded the Chevalier de l'Ordre National de la Legion d'honneur by the French Government in 1987. He was a member of the Prime Minister’s Council on Trade and Industry from 2004 to 2010.
As an alumnus of Wharton, University of Pennsylvania, Mahindra played a key role in the transformation of Mahindra & Mahindra from a mere assembler of Willys Jeeps in India to a diversified company.
Today, Mahindra Group is recognized for its diverse business focus, encompassing various industries and sectors beyond its original automotive roots.
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