Keshub Mahindra was an influential Indian businessman and the chairman emeritus of the Mahindra Group, where he held the position for nearly five decades until his retirement in August 2012. He then passed on the role to his nephew, Anand Mahindra. Mahindra was largely known for his contributions to philanthropy, having left a lasting impact on many lives. On 12 April 2023, Keshub passed away at age of 99.
Keshub had an impressive net worth of $1.2 billion when he retired from his chairmanship at the Mahindra Group on August 9, 2012. During his 48 years of leadership, the group expanded from primarily automotive-based production to include IT, real estate, finance, and hospitality. His nephew, Anand Mahindra, took over the reins of the business after his retirement.
|9 October 1923
|12 April 2023
|Shimla, British India
|Father: Jagdish Chandra Mahindra
Mother: Not Avaialble
Sister: Not Avaialble
Brother: Not Avaialble
Birth & Early Life
Keshub Mahindra was born on the 9th of October 1923 in Shimla, British India. Later he went on to graduate from the esteemed Wharton School of the University of Pennsylvania, United States. He was an accomplished businessman, philanthropist and social activist who made immense contributions in his lifetime.
Keshub Mahindra began his journey after completing his studies, joining Mahindra & Mahindra in 1947. Under his leadership and guidance, he was appointed as chairman in 1963 and has been a driving force for the organization ever since. He has been instrumental in the growth of the company and in creating a strong legacy for future generations.
Keshub is a distinguished figure in India, highly regarded for his public service. He was appointed by the Government of India to serve on several committees including the Sachar Commission on Company Law & MRTP, and the Central Advisory Council of Industries. In 1987, Keshub was awarded the Chevalier de l’Ordre National de la Légion d’honneur by the French Government. From 2004 to 2010, Keshub was a Member of the Prime Minister’s Council on Trade & Industry in New Delhi. Mahindra has made significant contributions to the Indian industry, with a lasting impact that will be felt today and in the future.
Keshub’s illustrious career was rewarded in 2007 with the Lifetime Achievement Award from Ernst & Young. His commitment to leadership, innovation, and growth garnered him a Frost and Sullivan Award for these same qualities in 2015. His achievements are undeniable and his legacy will remain in the annals of business history.
In 1984, Keshub was the non-executive chairman of Union Carbide India Limited when the devastating Bhopal gas tragedy occurred in 1984, claiming the lives of 3,787 people according to the Government of Madhya Pradesh. In June 2010, Mahindra and six other former employees of the Union Carbide subsidiary were each given two-year prison sentences and fined ₹1, 00,000. All of the Indian nationals involved were in their 70s and were released on bail shortly following the sentence.
On April 12, 2023, India lost a beloved industry icon Keshub Mahindra, the chairman emeritus of Mahindra & Mahindra Group. He passed away at the age of 99, leaving behind a legacy that has transformed the Indian automotive and manufacturing industry.
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