Keshub Mahindra, the chairman emeritus of Mahindra & Mahindra, passed away at the age of 99 on Wednesday, as confirmed by INSPACe chairman Pawan K Goenka on Twitter.
The industrial world has lost one of the tallest personalities today. Shri Keshub Mahindra had no match; the nicest person I had the privilege of knowing. I always looked forward to mtgs with him and inspired by how he connected business, economics and social matters. Om Shanti.
— Pawan K Goenka (@GoenkaPk) April 12, 2023
Mahindra had joined his father’s company in 1947, which initially focused on manufacturing and selling utility vehicles.
He served as the chairman of the Mumbai-listed conglomerate for an impressive tenure from 1963 to 2012.
Upon his retirement, he appointed his nephew Anand Mahindra as his successor.
As an alumnus of Wharton, University of Pennsylvania, Mahindra played a pivotal role in the transformation of Mahindra & Mahindra from a mere assembler of Willys Jeeps in India to a diversified conglomerate.
Under his leadership, the Mahindra Group, with a valuation of $19 billion, expanded its portfolio beyond tractors and sports utility vehicles, venturing into software services, hospitality, and real estate sectors.
Today, Mahindra Group is recognized for its diverse business interests, encompassing various industries and sectors beyond its original automotive roots.
