People: Mahindra and Mahindra Ltd (MAHM.BO)
Mr. Anand G. Mahindra is Executive Chairman of the Board, Managing Director of Mahindra And Mahindra Limited. 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.
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