Keshab Mahindra retired in August 2012 after leading the group for 50 years. He graduated from Wharton College.
According to Forbes’ 2023 list of wealthiest individuals, Mukesh Ambani is the wealthiest man in India. The list also revealed that India now has 16 new billionaires, placing the country in third place for the highest number of billionaires.
At the age of 99, Keshub Mahindra became India’s oldest billionaire.
Mahindra is the chairman emeritus of the Mahindra and Mahindra group and has been leading the group for over 50 years. He is also the uncle of Anand Mahindra.
After leading the group for over 50 years, Keshub Mahindra retired in August 2012. He graduated from Wharton College, University of Pennsylvania, US, and became the chairman of Mahindra and Mahindra in 1963. He started working at the company in 1947.
He has served on various committees set up by the Indian government. He is recognized for his commitment to good corporate governance and ethics. Ernst and Young presented him with the Lifetime Achievement Award in 2007.
He is renowned for his charitable activities.
Keshub Mahindra is a member of the Apex Advisory Council of ASSOCHAM, in addition to his many other roles. The company he headed for five decades belonged to his father, and his nephew Anand Mahindra is now a highly respected business leader credited with transforming the group’s car business.
Keshub Mahindra is credited for transforming Mahindra and Mahindra from an assembler of Willy’s jeeps to a massive conglomerate. Mahindra and Mahindra is now the largest manufacturer of home-grown SUVs, with several successful cars in its portfolio including Mahindra Thar, Mahindra TUV 300, Mahindra XUV 700, Mahindra Bolero Neo, etc. Under his leadership, the company also successfully forayed into software services, hospitality, and real estate.
Mahindra is also known for his philanthropy and good corporate governance. He has been on several committees instituted by the government of India and is a member of the Apex Advisory Council of ASSOCHAM. In recognition of his achievements, he was awarded the Lifetime Achievement Award by Ernst and Young in 2007. With a net worth of over Rs 9000 crore, Mahindra remains an iconic business leader, and his billionaire nephew Anand Mahindra is credited for continuing to transform the group’s car business.