Keshub Mahindra, who served as Chairman Emeritus of M&M for 48 years, passed away at the age of 99. During his tenure, Mahindra led the automobile giant to diversify into IT, real estate, financial services, and hospitality sectors.
New Delhi: Indian auto industry pioneer and M&M Chairman Emeritus, Keshub Mahindra, dies in Mumbai. The company confirmed that Mahindra, who was 99 years old, passed away peacefully at his home on Wednesday morning.
Anand Mahindra, Chairman of the Mahindra Group, said that Keshub Mahindra was a man of principles who led by example to maintain the legacy of the company's founders. He emphasized that Mahindra's leadership had helped the company stay true to its ethical values and principles of good corporate governance.
Anand Mahindra said that Keshub Mahindra was known for his astute business acumen that helped in transforming Mahindra into a diversified federation of companies. He also mentioned that Keshub's compassion and people-centric approach made him a global business icon who was much loved and respected.
During his tenure as Chairman, which spanned 48 years, Keshub Mahindra transformed Mahindra & Mahindra from an automobile manufacturer to a diversified conglomerate that includes businesses in IT, real estate, financial services, and hospitality.
It is true that Keshub Mahindra played a key role in forging business alliances with global companies during his tenure as Chairman of the Mahindra Group.
He was known for his astute business acumen and his efforts in diversifying the company into different sectors beyond automobile manufacturing. Mahindra also led the company with a strong focus on ethics, values, and good corporate governance, which has helped to preserve the legacy of the company's founders.
