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Contents [Edit] History Car Model Avg Ex-Showroom Price Mahindra Bolero Rs. 4,61,896 14 User Reviews Check on-road price Mahindra Xylo Rs. 6,73,942 31 User Reviews Check on-road price Mahindra Scorpio Rs. 7,19,506 105 User Reviews Check on-road price Not sure which Mahindra car to buy? Helps you choose the right car for you Recommend Me a Car Mahindra Group is a multinational conglomerate company in India, with operations in the automotive, farm equipment, financial services, trade and logistics, automotive components, after-market, IT and infrastructure sectors. It is considered to be one of the most reputable Indian industrial houses,[3] with the market leadership in utility vehicles[4] as well as tractors in India. The Mahindra Group has a global presence with operations on every continent except Antarctica.[5] Its headquarters are located at Mahindra Towers in Mumbai. Contents [hide] • 1 History • 2 Core Business Activities • 3 Community Initiatives • 4 Information About 'Key People' • 5 References • 6 External links [edit] History Mahindra & Mohammed was originally incorporated in 1945 by KC Mahindra and Ghulam Mohammad in Ludhiana, Punjab as a manufacturer under license of the famous Willys Jeep. Following the Partition of India in 1947, Ghulam Mohammad left the company and emigrated to Pakistan, becoming the first finance minister of the new state. In 1948, KC Mahindra changed the name to Mahindra & Mahindra, and building on his expertise in the steel industry began trading steel with UK suppliers. By 1956, the company was listed on the Bombay Stock Exchange, and by 1969 the company had entered the world market as an exporter of utility vehicles and spare parts.[6] Due to the restrictions of the Licence Raj, Mahindra & Mahindra like many Indian companies was forced to expand into other businesses, creating a tractor division in 1982 and a tech division (now Tech Mahindra) in 1986. It has continued to diversify its operations ever since through both joint ventures and greenfield investments.[7] By 1994 the structure of the group had become so bloated and the group so diverse that a fundamental reorganization of the company was undertaken, dividing the group into six Strategic Business Units: Automotive; Farm Equipment; Infrastructure; Trade and Financial Services; Information Technology and Automotive Components (Systech).[8] The new Managing Director Anand Mahindra followed this reorganization with a new logo in 2000 and the successful launch of the Mahindra Scorpio (a wholly indigenously designed vehicle) in 2002. In conjunction with an overhaul in production and manufacturing methods these changes did much to make the company more competitive,[9] and since then the reputation and revenues of the group have risen noticeably. The US-based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its 'Global 200: The World's Best Corporate Reputations' list. As of 2007 it was also ranked one of India’s 40 largest companies.[10] The Mahindra Group recently acquired the troubled IT services provider Satyam for approximately $422 million.[11] It plans to eventually merge the company with Tech Mahindra.[12] [edit] Core Business Activities • Automotive & Farm Equipment Mahindra & Mahindra Limited • Automotive Sector • Jiangling Tractors • Mahindra Tractors • Mahindra Gujarat • Mahindra First Choice • Mahindra Shubhlabh Services Ltd. • Mahindra Engineering Services • Exports • Mahindra Engineering Design & Development Co Ltd. • Mahindra Systech (Automotive Components & Manufacturing) • Mahindra Composites Ltd. • Mahindra Sona Ltd. • MUSCO • Mahindra Engineering & Chemical Products Ltd. • Metal Castello S.p.A[13] • Mahindra Gears and Transmissions Pvt. Ltd. • Mahindra Forgings Europe AG • Mahindra Forgings Ltd • Mahindra Hinoday Ltd • Trade & Financial Services • Mahindra Intertrade Ltd. • Mahindra Steel Service Centre Ltd. • Mahindra & Mahindra Financial Services Ltd. • Information Technology • Tech Mahindra • Mahindra Satyam • Bristlecone • Mahindra Logisoft Business Solutions Pvt. Ltd. • Mahindra Special Services Group • Infrastructure Development • Mahindra Lifespace Developers Ltd. • Mahindra Acres Consulting Engineers Ltd. • Mahindra Holidays & Resorts India Ltd. • Mahindra World City Developers Limited • Mahindra Ashtech Ltd. • Other • Mahindra Ocean Blue[14] • Mahindra Logistics Ltd.[15] • Mahindra Retail • Mahindra Navistar[16] • Mahindra 2 Wheelers • Mumbai Mantra[17] • Mahindra Defense Systems • Holidays and Hospitality • Club Mahindra • Club Mahindra Travel • Mahindra Holidays Zest Breaks • Mahindra Homestays • Mahindra Aerospace Pvt. Ltd • Gippsland Aeronautics • Aerostaff Australia [edit] Community Initiatives The Mahindra Group maintains a considerable involvement in philanthropy and in volunteering. It is considered to be an active participant in the Indian Corporate Social Responsibility field and received the Pegasus Award for CSR in 2007.[18] Mahindra engages in philanthropy primarily through the K.C. Mahindra Trust, which serves as the CSR arm of the group (although Tech Mahindra does have its own CSR arm).[19] Founded in 1953 by K.C Mahindra, the trust focuses primarily on fostering Literacy in India and promoting Higher Learning.[20] Mahindra operates several vocational schools and a midday meal kitchen (for 25,000) to that end, as well as the Mahindra United World College. The KC Mahindra Trust’s primary project however is Project Nanhi Kali, which targets the education of young Indian girls.[21] The foundation currently supports the education of approximately 51000 underprivileged girls.[22] Other initiatives include Mahindra Hariyali (a 1 million tree planting campaign)[21] as well as sponsorship of the Lifeline Express, a mobile hospital train. Mahindra employees also participate directly in social programs of their own choosing (approximately 14,000 did so as of 2008) through Mahindra’s Employee Social Options Plans.[23] The Mahindra Group was responsible for the creation of Mahindra United World College, a UWC campus located in Pune. Mahindra also runs its own football team, Mahindra United. They were the National Football League (India) Champions 2005-2006. The team is based in Mumbai. [edit] Information About 'Key People' Mr. Keshub Mahindra, the Chairman of Mahindra & Mahindra Ltd., is a graduate from Wharton, University of Pennsylvania, USA. He joined the company in 1947 and became the chairman in 1963. During his long career he has held many key positions, has been on the Board of Directors of several organizations and has been a member of many organizations and committees. He has also held many other important positions, such as The Chairman of Bombay Chamber of Commerce and Industry (1966–67), President of ASSOCHAM (1969–70), Chairman of Indian Institute of Management, Ahmedabad (1975–85); Member of the Foundation Board - International Management Institute, Geneva (1984– 89); Chairman, India Nominating Committee 'Single Nation Programme', Eisenhower Exchange Fellowships, USA (1998–2005). Along the years he has also been awarded numerous prestigious awards, some of which include NIF-Mody Enterprises Man of the Year Award (1980), Companion - British Institute of Management(1985), Chevalier De La Légion d'honneur (1987), Business India - Businessman of the Year(1989), Giants International Business Leadership Award (1972– 82), Madras Management Association Business Leadership Award (1983), Honorary Fellowship of All India Management Association (1990), Institute of Company Secretaries of India (ICSI) Lifetime Achievement Award for Excellence in Corporate Governance (2004), Lakshya Business Visionary Award - NITIE (2006), Indian Business School (IBS) Kolkata Lifetime Achievement Award presented by the Institute of Chartered Financial Analysts of India (ICFAI)(2007)[24] Mr. Keshub is a "philanthropist who redefined corporate governance by effectively channelising funds into the social sector" notes the group's website. A blip to the prestigious life and career is the chapter of Union Carbide India Ltd. (of which he was then the chairman) and the Bhopal Gas Tragegy. After the Bhopal Gas Tragedy he was charged and indicted (2010) for causing death due to negligence and sentenced to 2 years' imprisonment and Rs 1 Lakh fine. He was granted bail shortly after being sentenced. [25] [26] [27] [edit] References 1. ^ "Mahindra Corporate". Mahindra.com. http://www.mahindra.com/OurGroup/Overview.html. Retrieved 2010-08-09. 2. ^ a b "Annual Report 2008-2009". http://www.mahindra.com/admin/tmpupload/StandaloneAR_2008-09.pdf. Retrieved 2009-08-26. 3. ^ "India's Most Reputable Companies". Forbes.com. 2006-11-20. http://www.forbes.com/2006/11/20/leadership-companies-reputation-lead- managing-cx_hc_1120indarep_slide_9.html?thisSpeed=15000. Retrieved 2010- 08-09. 4. ^ "BSE Sensex little changed; Reliance disappoints | Reuters". In.reuters.com. 2009-07-27. http://in.reuters.com/article/businessNews/idINIndia- 41345620090727. Retrieved 2010-08-09. 5. ^ Mahindra and Mahindra Ltd.. "Mahindra Global Business, Mahindra International Business and Operations, Indian Vehicle Manufacturer Global Network". Mahindraautoworld.com. http://www.mahindraautoworld.com/global_network.aspx. Retrieved 2010-08-09. 6. ^ "Mahindra Corporate". Mahindra.com. http://www.mahindra.com/Heritage/milestonesyearwise.htm#1954. Retrieved 2010-08-09. 7. ^ Oconnor, Ashling (2007-06-18). "Time to put Indias new business challenge on the road". The Times (London). http://business.timesonline.co.uk/tol/business/markets/india/article1945670.ece.
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