People: Mahindra and Mahindra Ltd (MAHM.BO)
Mr. Hemant Luthra is President -Systech Sector of Mahindra And Mahindra Ltd. He joined Mahindra & Mahindra as Executive Vice President - Corporate Strategy in December 2001. Mr. Luthra has over 30 years of 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.
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