Under Mr. Keshub Mahindra’s management, the corporate remodeled from a metal buying and selling firm to a diversified federation of firms.
Keshub Mahindra, chairman Emeritus of Mahindra Group, handed (*99*) peacefully on Wednesday morning in Mumbai, the Mahindra Group mentioned in an announcement. He was 99.
He is survived by his spouse Sudha Mahindra, three daughters Uma, Leena and Yutchika, six grandchildren and three nice grandchildren.
Born on October 9, 1923, in Shimla, he was an alumnus of the Wharton School of the University of Pennsylvania, U.S. He joined Mahindra & Mahindra in 1947 and took on the function of Chairman in 1963. Under his stewardship, the corporate remodeled from a metal buying and selling firm to a diversified federation of firms.
Anand Mahindra, Chairman, Mahindra Group who’s late Mahindra’s nephew, mentioned, “Mr Keshub Mahindra was and will always remain a source of inspiration for me and the entire Mahindra Group.”
“He was a man of principles and led from the front to preserve the legacy of our founders which has ensured that the organisation has remained rooted in ethics, values and good corporate governance. Mr. Keshub Mahindra was known for his astute business acumen that helped in transforming Mahindra into a diversified federation of companies. His compassion, and people-centric approach made him a global business icon, who was much loved and respected,” he mentioned.
The late Mr. Mahindra had served because the non-executive chairman of Union Carbide India Ltd. at the time of Bhopal Gas tragedy in 1984. He was additionally on the boards of varied different distinguished firms.
Vinod Aggarwal, President, SIAM and MD & CEO, VECV mentioned, “The Indian automobile industry has lost one of it’s pioneers Shri Keshub Mahindra, at the age of 99. His leadership in the early years of the journey of the Indian auto industry had led to India being recognised as an important player globally and also helped in India becoming a manufacturing hub for the automobile sector.”
“He was the President of SIAM during the year 1964. SIAM and the Indian automobile industry condoles the passing away of a true visionary and pray for the departed soul to rest in peace,” he added.
