Mahindra Group, Chairman Emeritus, Keshub Mahindra passes away
Keshub Mahindra, Chairman Emeritus of Mahindra & Mahindra, passed away at 99 on 12 April, 2023. He served as the chairman of the company from 1963 to 2012. He was also said to be India's oldest billionaire.
Keshub Mahindra was born in Shimla, Himachal Pradesh, on 9 October, 1923. Mahindra graduated from the Wharton School of the University of Pennsylvania in the United States of America. He joined his father's company in 1947. Under his leadership, Mahindra & Mahindra was transformed from its early days as a steel trading company to a diversified federation of companies.
Furthermore, Keshub Mahindra was appointed to serve on multiple Committees by the Government of India, such as the Sachar Commission on Company Law & MRTP and the Central Advisory Council of Industries. More importantly, Mahindra was also a member of the Prime Minister's Council on Trade and Industry, New Delhi, between 2004 and 2010. He was a member of the Apex Advisory Council of ASSOCHAM as well.
Keshub Mahindra served as the President Emeritus of the Employers' Federation of India and was a member of the Council of the United World Colleges (International) in the United Kingdom. In addition, Mahindra was an Honorary Fellow of the All India Management Association, New Delhi. On top of that, Keshub Mahindra recieved the Chevalier de l'Ordre National de la Legion d'honneur by the French Government in 1987.
Speaking about Keshub Mahindra, Anand Mahindra, Chairman, Mahindra Group, said, "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".
