People: Mahindra & Mahindra Limited (MAHM.BO)

MAHM.BO on Bombay Stock Exchange

956.90INR
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Price Change (% chg)

Rs-33.85 (-3.42%)
Prev Close
Rs990.75
Open
Rs1,006.00
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Rs1,006.00
Day's Low
Rs950.25
Volume
195,777
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130,340
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Rs1,196.70
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Summary

Name Age Since Current Position
Mahindra, Keshub 1963 Non-Executive Chairman of the Board
Mahindra, Anand 2001 Vice Chairman of the Board, Managing Director
Doshi, Bharat 60 Group Chief Financial Officer, Executive Director
Nanda, Arun 60 2006 President - Infrastructure Development Sector, Executive Director
Yargop, Ulhas 55 1999 President - Information Technology Sector
Phadke, Uday President - Finance, Legal and Financial Services Sector
Luthra, Hemant President - Systems & Technologies Sector
Dubey, Rajeev 65 2006 President - Human Resources, After-Market and Corporate Services
Goenka, Pawan 2010 President - Automotive Sector, President - Farm Equipment Sector
Mathur, Anoop 2008 President – Two-Wheeler Sector
Shankar, Narayan 2006 Compliance Officer, Company Secretary
Parekh, Deepak 65 1990 Non-Executive Independent Director
Godrej, Nadir 1992 Non-Executive Independent Director
Murugappan, M. 53 1992 Non-Executive Independent Director
Vaghul, Narayanan 73 1996 Non-Executive Independent Director
Ganguly, A. 1997 Non-Executive Independent Director
Kulkarni, R. 64 1997 Non-Executive Independent Director
Puri, Anupam 63 2001 Non-Executive Independent Director
Dasgupta, Arun 57 2008 Non-Executive Independent Director - Representative of LIC
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Biographies

Name Description
Mahindra, Keshub Keshub Mahindra serves as Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd. He is a B.Sc. graduate from Wharton, University of Pennsylvania, USA. Mr. Mahindra joined the Company in 1947 and became the Chairman in 1963. Mr. Mahindra has successfully presided over the Mahindra Group for over five decades now. His continuous involvement has enabled the Company to reach the position it has achieved today, both as one of the leaders of the Indian industry and as a good corporate citizen. Mr. Keshub Mahindra is on the board of several reputed industries and organisations. He is Chairman of Mahindra Holdings & Finance Limited, Mahindra Ugine Steel Co. Limited and the Board of Governors of Mahindra United World College of India and Vice-Chairman of Housing Development Finance Corp. Ltd. He is a Director in Bombay Burmah Trading Corporation Limited, The Bombay Dyeing & Manufacturing Co. Limited, Tata Chemicals Limited, Tata Steel Limited, Kema Services (International) Private Limited, United World Colleges International (UK) Ltd., Rodal Investments Private Limited and Pratham-India Education Initiative.
Mahindra, Anand Mr. Anand G. Mahindra is Vice-Chairman & Managing Director of Mahindra & Mahindra Ltd. He is a member of the class of '77, Harvard College, Cambridge, Massachusetts from where he graduated Magna cum Laude (High Honours). In 1981, he secured an MBA from the Harvard Business School, Boston, Massachusetts. He returned to India in 1981 where he joined Mahindra Ugine Steel Company Ltd. (MUSCO), the country's foremost producer of speciality steels, as Executive Assistant to the Finance Director. In 1989 he was appointed President and Deputy Managing Director of MUSCO. He relinquished this position with effect from 4th April 1991 when he was appointed Deputy Managing Director of Mahindra & Mahindra Ltd., the country's dominant producer of off-road vehicles and agricultural tractors. During his period at MUSCO, he initiated the Mahindra Group's entry into the fields of real estate development and hospitality management. Since 1991, Mr. Mahindra has been preoccupied with a comprehensive change programme in Mahindra & Mahindra Ltd. in order to make the company an efficient and aggressive competitor in the new liberalised economic environment in India. In April 1997, Mr. Mahindra was appointed Managing Director by the Board of Mahindra & Mahindra Ltd. In January 2001, he was given the additional responsibility of Vice Chairman of Mahindra & Mahindra Ltd. Mr. Mahindra was also the co-promoter of Kotak Mahindra Finance Ltd., one of India's most prominent finance companies in the private sector. The company also entered into a joint venture with Goldman Sachs of the USA in the field of investment banking in India. Kotak Mahindra Finance Ltd. has now been converted into a Bank - Kotak Mahindra Bank with effect from 31st March 2003. Mr. Mahindra writes frequently on business and general economic subjects in India's business magazines.
Doshi, Bharat Mr. Bharat Doshi serves as Group Chief Financial Officer, Executive Director of Mahindra & Mahindra Ltd. He joined the Company in 1973 as an Executive. He is a fellow member of The Institute of Chartered Accountants of India and The Institute of Company Secretaries of India and has a Master’s Degree in Law from the University of Bombay. He has participated in the Program for Management Development at Harvard Business School. He was also a Fellow of the Salzburg Seminar on ‘Asian Economies: Regional and Global Relationships’ held in December, 2000. Mr. Doshi was Executive Vice President (Corporate Affairs) from July, 1991 to August, 1992. In August, 1992, he joined the Board of the Company as Executive Director in charge of Finance & Accounts, Corporate Affairs and Information Technology. In addition, he was the President of the Trade & Financial Services Sector from December, 1994 to October, 2007. Mr. Doshi is presently designated as Executive Director and Group Chief Financial Officer (Group CFO). Mr. Doshi is Chairman of Mahindra & Mahindra Financial Services Limited and Mahindra Intertrade Limited. He is Director of several companies in the Mahindra Group, including Tech Mahindra Limited, Mahindra Holdings Limited, Mahindra Navistar Automotives Limited, Mahindra Navistar Engines Private Limited and Mahindra USA Incorporated and also a Director of Mumbai Mantra Media Limited. He was also a Director on the Board of Ford affiliate in India from May, 1997 to March, 2005. He is an Independent Director on the Boards of Godrej Consumer Products Limited and NSE.IT Limited.
Nanda, Arun Arun K. Nanda serves as Executive Director & President, Infrastructure Development Sector, Mahindra & Mahindra Limited, has been with the Mahindra Group for 30 years serving it in various capacities. He is also a Fellow of the Institute of Chartered Accountants of India (FCA) as well as the Institute of Company Secretaries of India (FCS). After a brief stint in Indian Copper Corporation Ltd., Calcutta, (1970-71) as a Financial Accountant, he moved to Machinery Manufacturers Corporation Ltd. as a Management Accountant (1973-76). In 1976, he joined the Mahindra Group as the Chief Accountant and Company Secretary of Mahindra Sintered Products Ltd., Pune. Since then, he has held various senior positions within the group. In 1992, he joined the Board of Mahindra & Mahindra Ltd. as Executive Director. He was appointed as the President of Infrastructure Development Sector of the group in 1994. This includes areas such as property development, construction, leisure, hotels and lifetime holidays, infrastructure privatization projects and engineering consultancy. Mr. Nanda is currently on the Board of various companies like: Mahindra & Mahindra Ltd., Mahindra Holdings & Finance Ltd., Mahindra Industrial Park Ltd., Owens Corning (India) Ltd., Mahindra GESCO Developers Ltd. and ABN AMRO Asset Management Co. Ltd. He is also the Chairman of Mahindra Holidays & Resorts India Ltd. and Mahindra Acres Ltd. He has chaired and spoken at various international conferences including those organised by the World Bank and the UN sponsored agencies. He has led various task forces and missions of India's business associations like the Confederation of Indian Industry (CII) and the Bombay Chamber of Commerce & Industry. He is the president of the Indo-French Chamber of Commerce and the Council of EU Chambers of Commerce in India and also a member of the governing board of the Indo-American Society. He has also served in a high-powered committee set up by the Government of Maharashtra to study issues related to employment generation
Yargop, Ulhas Ulhas N. Yargop is President - Information Technology Sector of Mahindra & Mahindra Limited . He is Bachelor of Technology from the Indian Institute of Technology, Madras and Master in Business Administration from the Harvard Business School. He joined GKN Automotive Inc., USA in 1979 and was appointed Director of Finance in 1985. He joined GKN Invel Transmissions Ltd., New Delhi in 1988 as General Manager - Commercial and was a key member of the team that set up this project in India. In 1989 he joined The Standard Batteries Ltd. as Vice President - Planning & Development and was later appointed Vice President - Industrial. Mr. Yargop joined the Mahindra Group in 1992 as General Manager - Corporate Planning. He later moved to the Automotive Sector as General Manager - Product Planning, where he was responsible for the product management function for automotive products. In 1994, when the Mahindra Group decided to enter into a joint venture with Ford Motor Company, Mr. Yargop was appointed as General Manager, Mahindra-Ford Project, and led the M&M team working on the joint venture project. In 1996 he was appointed as Treasurer and assumed responsibility for Corporate Finance.
Phadke, Uday Mr. Uday Phadke joined Mahindra & Mahindra Limited in 1973. He is a member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India and has a Bachelor's degree in Commerce and Law. He has attended the General Management Course for Senior Executives conducted by the Administrative Staff College of India (ASCI) and a course for Senior Executives organized by the International Institute for Management Development (IMD) in Lausanne, Switzerland. Mr. Phadke has held positions of the 'Treasurer' and the 'Controller of Accounts' before becoming Financial Controller in August 1997 and Executive Vice President in May 2001. He is a member of the Management Board since April 1999. Mr. Phadke heads the Finance, Accounts, Investor Relations and Legal Affairs functions of the Company. He is a member and convenor of the Corporate Governance Cell (CGC). He is a Trustee of the Mahindra & Mahindra Limited - Staff Provident Fund Scheme, Superannuation Scheme and Gratuity Scheme. He is on the Board of various Group companies such as Mahindra & Mahindra Financial Services Limited, Mahindra Intertrade Limited, Mahindra Holidays and Resorts India Limited, Mahindra GESCO Developers Limited and M&M South Africa (Pty.) Ltd. He is also on the Audit Committee of most of these Companies. Mr. Phadke has been Chairman of the Direct Taxes Committee of the Bombay Chamber of Commerce and is currently a member of the Banking and Finance Committee of that chamber. He is also on the Direct Taxes Committee of ASSOCHAM. He has been a co-opted member on the Committee for Members in Industry of The Institute of Chartered Accountants of India and is currently on the Accounting Standards Board of the Institute
Luthra, Hemant Hemant Luthra joined Mahindra & Mahindra as Executive Vice President - Corporate Strategy in December 2001. Mr. Luthra has over 30 years of varied and rich work experience in Operation, Finance Business Development and Restructuring which is of special interest to M&M today as it seeks to consolidate its leadership and evaluate its portfolio. He started his career with IBM India where he was directly responsible for a substantial part of the company's business. He was seconded to IBM Singapore. Mr. Luthra later spent 18 years with the Thapar Group a $1 Billion. conglomerate with interest in paper, chemicals & engineering. He rose to become CFO and then took over as COO for their flagship company, Ballarpur Industries Limited. He was also on the Board of several joint ventures of the group with Dupont, Mitsubishi and OKI besides being the Chairman of the joint venture with Maersk. After the Thapar Group, Mr. Luthra as its first CEO founded a private equity fund for the ING Group. He later joined the Essar Group as CEO of their Telecom business and helped engineer a lucrative merger of the business with Hutchison. Most recently, he was working with Enron India as CEO of their Broad Band business. Mr. Luthra is a member of the Management Board of Mahindra & Mahindra Ltd. reporting to Mr. Anand Mahindra. He is involved in a number of important strategic initiatives across sectors and group companies, and serves on several Boards. Mr. Luthra is a graduate of the Indian Institute of Technology, Delhi where he was nominated for the President's Gold Medal for all round student. He has also been through the Advanced Management Programme at the Harvard Business School.
Dubey, Rajeev Rajeev Dubey joined Mahindra & Mahindra Ltd. in January 2004 after a career spanning 29 years in the Tata Group, of which 7 years were as Managing Director, first of Tata Metaliks and then of Rallis India. During his tenure of 21 years with Tata Steel he held many senior positions in the Marketing Division, was the Chief Resident Executive in Delhi, and the General Manager (Town Services) in Jamshedpur, before taking over as Managing Director of Tata Metaliks in 1996. He held this position for four years and was involved in a significant business turnaround of the company. He was then appointed Managing Director of Rallis India Limited, a position he held for 3 years. He was Advisor to the Managing Director of Tata Steel before he joined the Mahindra group. He was also a Member of the Executive Committee of Tata Quality Management Services, Tata Sons and the Tata Council for Community Initiatives, Tata Sons. Apart from being a Member of the Management Board of Mahindra & Mahindra Ltd., Mr. Dubey is on the Board of several Group companies including Mahindra Intertrade and Automart India. He is also the Chairman of Mahindra Insurance Brokers Limited. His key focus area is to drive HR initiatives for the Mahindra Group. He is also responsible for the Spares Business Unit, Corporate Communications and Corporate Infrastructure and Services for the Group. Mr. Dubey has in the past, served as President of the Mini - Blast Furnace Manufacturers Association of India, Vice Chairman of the Pesticides Association of India and Director of the Indian Crop Protection Association. He has been a Member of CII National Committees on HRD, Energy, Economic Affairs, Trade Fairs, Japan & Korea. He was the Chairman of the Social Development & Community Affairs Committee, CII Eastern Region, Chairman of the Agriculture Sub-Committee CII Western Region. Was also a Member of the EU Chambers of Commerce in India. He is a member of the Advisory Council of Population First and President of the Yale Club, Mumbai Chapter.
Goenka, Pawan Dr. Pawan Kumar Goenka, Ph.D., has been appointed as President - Automotive Sector, President - Farm Equipment Sector of Mahindra & Mahindra Limited., effective April 1, 2010. He joined Mahindra & Mahindra Limited in October 1993 as General Manager R&D, after a successful career spanning 14 years with General Motors, USA. His immediate task was to scale up the Auto Sector R&D, which was in a nascent stage, to a powerful product development organization. Under his leadership, M&M launched a slew of new products such as PikUp, Marshal, Armada 98, Bolero and Loadking. His acknowledged contribution is his leadership of the Scorpio project, which brought laurels to M&M both in India and abroad. He became Executive Vice President - Product Development in September 2001 and, was promoted to Chief Operating Officer of the Automotive Sector in April 2003. In the capacity of COO, Dr. Goenka has been responsible for day to day operations of the Automotive Sector. He has also played a key role in the formation of both the Renault and International Truck JVs. Dr. Goenka took over as President of the Automotive Sector on September 26, 2005. Dr. Goenka is an internationally acknowledged scientist - manager with several recognition to his credit. He received the Distinguished Alumni Award from I.I.T Kanpur in 2004 and is a Fellow of the Society of Automotive Engineers (SAE) and of the Indian National Academy of Engineers. He has been honoured by General Motors through the Charles L. McCuen Achievement Award twice, and the Extraordinary Accomplishment Award. Dr. Goenka is a member of the SIAM Executive Council and Chairman of the Committee on Frontier Technologies. He is Sr. Vice President of SAE India and Chairman of the Management Board. He holds the positions of the Vice President of the ARAI Governing Council. A Mechanical Engineer with a B.Tech from IIT Kanpur and a Ph.D. from Cornell University, U.S.A., Dr. Goenka has also done an Advanced Management Programme (AMP) at the Harvard Business School.
Mathur, Anoop Anoop Mathur serves as President – Two-Wheeler Sector of Mahindra & Mahindra Ltd.
Shankar, Narayan
Parekh, Deepak Mr. Deepak Parekh serves as Non-Executive Independent Director of Mahindra & Mahindra Ltd. He is the Chairman of Housing Development Finance Corporation Limited (HDFC), India’s premier Housing Finance Institution. A Chartered Accountant by profession, he has been with HDFC for 28 years. Under his leadership, HDFC has grown from its humble beginning, into a financial powerhouse with its activities diversifying into Banking, Asset Management, Life Insurance, General Insurance, BPO, Credit Bureau and Real Estate Venture Fund. The HDFC Group has an asset base of over Rs.3,50,000 crores and a customer base of over 3.5 crores. Besides HDFC, Mr. Parekh is on the Board of several Corporations across diverse sectors. He is the Non-Executive Chairman of Infrastructure Development Finance Company Limited, GlaxoSmithkline Pharmaceuticals Limited, Siemens Limited and Lafarge India Private Limited. He is also the Chairman of HDFC Asset Management Company Limited, HDFC Ergo General Insurance Company Limited & HDFC Standard Life Insurance Company Limited and Director of Hindustan Unilever Limited, Hindustan Oil Exploration Company Limited, Castrol India Limited, The Indian Hotels Company Limited, WNS Global Services Private Limited and Singapore Telecommunications Limited, along with being the Alternate Director of Borax Morarji Limited, Zodiac Clothing Company Limited, Bharat Bijlee Limited and Exide Industries Limited. In addition, he is also nominated by the Ministry of Corporate Affairs to the Board of Satyam Computer Services Limited as a Special Director and nominated by the Ministry of Civil Aviation to the Board of Airports Authority of India.
Godrej, Nadir Nadir Godrej joined the Board of Mahindra & Mahindra Limited in August, 1992. He holds a Bachelor degree in Chemical Engineering from the Massachusetts Institute of Technology, a M.S. in Chemical Engineering from Stanford University and has obtained a MBA from the Harvard Business School. He is a Director of several Godrej companies since 1977. He has developed the animal feed, agricultural inputs and chemicals business of Godrej Soaps and other associated companies and has been active in research.
Murugappan, M. M.M. Murugappan has been a Director of Mahindra & Mahindra Limited since August, 1992. Mr. Murugappan holds a Bachelor of Technology degree in Chemical Engineering from the University of Madras and a Master of Science in Chemical Engineering from the University of Michigan. Mr. Murugappan is a member of the Supervisory Board of the Murugappa Group of companies, responsible for Technology and Research.
Vaghul, Narayanan Mr. Narayanan Vaghul serves as Non-Executive Independent Director of Mahindra & Mahindra Ltd. He was Chairman of the Board of ICICI Bank Limited till April, 2009. Mr. Vaghul joined ICICI in 1985 as Chairman and CEO and relinquished his position as CEO in 1996. During his eleven years tenure as CEO, ICICI was transformed from a small size long term credit bank to a large diversified financial conglomerate. He was instrumental in starting an investment bank, commercial bank, venture capital company and an asset management company, as part of the ICICI Group. He was also responsible for the promotion of India’s first credit rating company (CRISIL), which has since emerged as a market leader in the region. In recognition of his pioneering efforts he was selected as the “Business Man of the Year” in 1992, by Business India, a business magazine and has been conferred the “Lifetime Achievement Award” by Economic Times in 2006. Mr. Vaghul is also on the Board of several companies. He is on the Board of Mahindra World City Developers Limited, Arcelor Mittal, Luxembourg, Wipro Limited, Piramal Health Care Limited, National Aviation Company of India Limited, IAL Airport Services Limited, Air India Air Transport Services Limited, Air India Engineering Services Limited, Apollo Hospitals Enterprise Limited, Arcelor Mittal Europe and Hemogenomics Private Limited.
Ganguly, A. Dr. A.S. Ganguly was appointed to the Board of Mahindra & Mahindra Limited in August, 1997. Dr. Ganguly is a graduate from the Bombay University and has obtained the M.S. and Ph.D degrees from the University of Illinois, U.S.A. Starting as a research scientist with Unilever, he went to become Chairman of Hindustan Lever Limited from 1980 to 1990 and a member of Unilever's main Board from 1990 to 1997, responsible for world-wide research and technology. Dr. Ganguly has been a member of several government committees, including the Science Advisory Committee to the Prime Minister of India. He is Chairman of Research & Development Committee.
Kulkarni, R. R.K. Kulkarni has been a Director of Mahindra & Mahindra Limited since August, 1977. Mr. Kulkarni holds a Masters in Law from the University of Bombay. He is an Advocate and a Solicitor, and is currently a Senior Partner of Khaitan & Co., one of India's leading law firm. He has been in practice for over thirty years and has vast experience in the legal field, with particular emphasis on corporate law and legislation related to securities. Mr. Kulkarni has participated in national and international conferences and seminars at which he has read papers on foreign direct investments in India, infrastructure /privatisation and reforms. He is Member of Audit Committee, Share Transfer and Shareholders/ Investors Grievance Committee and Loans & Investment Committee.
Puri, Anupam Mr. Anupam P. Puri joined the Board of Mahindra & Mahindra Limited in January, 2001. Mr. Puri holds a B.A. in Economics from Delhi University and M.A. and M.Phil. degrees in Economics from Oxford University. He has had a career spanning over thirty years with McKinsey & Co.. a management consulting firm. He has also been associated with several states and local governments in India and abroad on the issue of promoting economic development. He has participated in the re-organisation of several multilateral agencies, including the OPEC secretariat, Asian Development Bank, the World Bank and others.
Dasgupta, Arun Arun Kanti Dasgupta serves as Non-Executive Independent Director - Representative of LIC of Mahindra & Mahindra Ltd with effect from 30th July, 2008. Mr. A.K. Dasgupta, a direct recruit of 10 th Batch hails from Assam. He is a Science Graduate from Dibrugarh University and also PGDBM from Punjab University. Mr. Dasgupta has served Life Insurance Corporation of India (LIC) in many important assignments such as Senior Divisional Manager of Guwahati and Karnal Divisions, Deputy General Manager, LIC (International) Bahrain, Regional Manager (Marketing), Western Zone, Mumbai, Chief Executive, LIC Housing Finance, Mumbai, Zonal Manager, Central Zone, Bhopal and Executive Director (SBU-International Operations/Corporate Communications). Apart from being associated with many organizational development programmes in LIC, he was also instrumental in introducing many new initiatives during his tenure as CEO with LIC Housing Finance Limited and Executive Director (SBU-International Operation/ Corporate Communications). He is currently Managing Director of Life Insurance Corporation of India. Mr. Dasgupta is also a Director of Asean Brown Boveri (ABB) Limited, LIC (Nepal) Limited, LIC (Mauritius) Offshore Limited, Saudi Indian Company for Co-op. Insurance, LIC Pension Fund Limited and Grasim Industries Limited.

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