India’s Oldest Billionaire, Ex-Chairman of Mahindra Groups, Keshub Mahindra Passes Away at 99!

The retired chairman of Mahindra & Mahindra and India’s oldest billionaire, Keshub Mahindra, passed away on Wednesday at the age of 99. Mahindra had a net worth of $1.2 billion, according to Forbes. He declared his resignation as chairman of the Mahindra Group on August 9, 2012, and appointed his nephew Anand Mahindra to take over the post.

Over the 48 years he was chairman, The Mahindra Group evolved from being an automobile manufacturer to other business sectors like IT, real estate, financial services, and hospitality. He actively pursued relationships with significant international companies such as

  • Willys Corporation,
  • International Harvester,
  • British Telecom,
  • Mitsubishi,
  • United Technologies, and many more.

Who is Keshub Mahindra? His Contributions!

Keshub Mahindra is a prominent Indian businessman and the former chairman of Mahindra & Mahindra Ltd., one of the leading conglomerates in India. He was born on January 23, 1924, in Lahore, British India (now in Pakistan). He is a well-respected figure in the Indian corporate world and is known for his contributions to the growth and development of the Mahindra Group.

Keshub Mahindra is the grandson of Jagdish Chandra Mahindra, who co-founded the Mahindra & Muhammad in 1945, which later became Mahindra & Mahindra Ltd. Keshub Mahindra joined the company in 1947 and served in various leadership roles before becoming the Chairman and Managing Director in 1963. He played a crucial role in the expansion of the Mahindra Group into diverse sectors such as automotive, aerospace, agribusiness, hospitality, finance, real estate, and more.

Under Keshub Mahindra’s leadership, Mahindra & Mahindra Ltd. grew into one of the most respected conglomerates in India and a global player in several industries. He emphasized corporate governance, innovation, and sustainability, and his vision helped the company achieve significant milestones and recognition both in India and abroad.

Apart from his business contributions, Keshub Mahindra has also been actively involved in various philanthropic and social initiatives. He has served on the boards of several leading organizations, including Bank of America Corporation, International Cricket Council, and Indian School of Business, among others. He has been recognized with numerous awards for his leadership, including the Padma Bhushan, one of India’s highest civilian honors.

Keshub Mahindra retired as the Chairman of Mahindra & Mahindra Ltd. in 2012 but continues to be associated with the company as a mentor and guiding force. His leadership and contributions to the business and society have left a lasting impact, and he is considered a pioneer in the Indian corporate world.

May his soul Rest in Peace!