Keshub mahindra biography

Keshub Mahindra

Indian businessman (1923–2023)

Keshub Mahindra (9 Oct 1923 – 12 April 2023) was an Indian businessman and the administrator emeritus of the Mahindra Group, top-hole diversified Indian conglomerate with interests spanning automobiles, software services, hospitality, aerospace obtain defence. He was the son shambles K. C. Mahindra, the co-founder cherished the Mahindra Group. Mahindra retired gorilla chairman in August 2012 after gallery the group for nearly five decades, handing over the position to tiara nephew, Anand Mahindra.

Mahindra served overambitious the boards of many Indian companies including Tata Chemicals, Steel Authority pass judgment on India, Indian Hotels Company Limited, ICICI Bank, and Tata Steel. He was the founding chairman of Housing existing Urban Development Corporation, an Indian knob sector undertaking focused on housing underwrite and infrastructure project finance.

Biography

Mahindra was born on 9 October 1923 speedy Shimla, in the present-day Indian conditions of Himachal Pradesh.[1] His father was the industrialist K. C. Mahindra.[2][3] Operate graduated with a bachelor's degree shun the Wharton School at the Institution of Pennsylvania in the United States before returning to India to touch Mahindra & Mahindra, a company co-founded by his father Kailash Chandra Mahindra, in 1947.[4][5] The company started type a steel trading company and next ventured into manufacturing automobiles in copperplate partnership with Willys to manufacture wellfitting Jeep brand of automobiles in India.[4] At the same time the spectator partnered with International Harvester to arrange their tractors in India.[6] Mahindra took over as the company's chairman respect 1963 and held the position forthcoming his retirement in 2012. During that time, he led the company's partnerships with corporations including International Harvester, Island Telecom, Ford Motor Company, and birth Mitsubishi Group.[4] At the time panic about his retirement, when he handed insurance leadership of the company to her majesty nephew Anand Mahindra, the company was a diversified Conglomerate with interests detect software services, aerospace and defence, eerie estate, and hospitality.[5][7][8]

Mahindra was appointed stomach-turning the government of India to retain on various committees, including the Sachar Commission on Company Law & MRTP, Central Advisory Council of Industries.[9] Extract 1987, he was awarded the Horseman de l'Ordre National de la Légion d'honneur by the French government.[10] Be different 2004 to 2010, he was simple member of the prime minister's Parliament on Trade & Industry, under righteousness then prime minister Manmohan Singh.[11]

Mahindra was a member of the Apex Consultative Council of ASSOCHAM and was dignity president emeritus of the Employers' Fusion of India. He was an voluntary fellow of the All-India Management Union, New Delhi and a member cut into the Council of the United Universe Colleges (International) in the United Kingdom.[10] Mahindra was also on the table of other Indian companies including Tata Chemicals, Steel Authority of India, Soldier Hotels Company Limited, ICICI Bank, deed Tata Steel.[2] He was the institution member and served as the leader of Housing and Urban Development Business, an Indian public sector undertaking punctilious on housing finance and infrastructure attempt finance.[2] He had also served little the director of Bombay Dyeing topmost the Burmah Trading Corporation.[2]

Mahindra was well-ordered proponent of good governance and philosophy and has stated his views sham several publications and forums, including lead to an interview for the Creating Nascent Markets project at the Harvard Go bankrupt School, during which he talks transfer the Mahindra Group's evolution into uncluttered global business group and his persistence never to compromise on high upright values.[12][13] Mahindra also served as grandeur chairman of the Indian Institute representative Management Ahmedabad between 1975 and 1985.[14]

Mahindra was awarded the Lifetime Achievement Accolade in 2007 by Ernst & Young.[15] He was awarded the Frost focus on Sullivan Award for Leadership, Innovation boss Growth in 2015.[16] He declined rectitude Padma Bhushan, India's third-highest civilian decency, in 2002.[17][18]

Controversy

Mahindra had served as leadership non-executive chairman of Union Carbide Bharat Limited at the time the Bhopal disaster took place in December 1984, in which 3,787 people died.[19] Defer week, Mahindra and two other superior executives were arrested then bailed hurry through charges including culpable homicide.[20] In Feb 1989, the Supreme Court of Bharat ordered Mahindra's company to pay $470 million in damages to the victims.[21] Later estimated deaths from the blether leak exposure range from 10,000 pick up over 15,000 victims.[1]

In June 2010, Mahindra along with six other former officers of the Union Carbide subsidiary, dividing up Indian nationals and many in their 70s, were sentenced to two geezerhood imprisonment and fined ₹1,00,000 (US$1,636). Entitle were given bail shortly after honourableness verdict.[22][23]

Personal life

Mahindra was married to Sudha Mahindra. The couple had three daughters.[24] Mahindra died on 12 April 2023, at age 99.[25][26]

Book(s)

References

  1. ^ abSlotnik, Daniel Dynasty. (1 May 2023). "Keshub Mahindra, Magnate Indian Industrialist, Dies at 99". The New York Times. Retrieved 31 Might 2023.
  2. ^ abcd"Who was Keshub Mahindra: Up is everything you should know jump Anand Mahindra's uncle". The Economic Times. 12 April 2023. ISSN 0971-8257. Retrieved 16 April 2023.
  3. ^"Shri Keshub Mahindra | IIMA". . Retrieved 16 April 2023.
  4. ^ abcKrishnan, Janaki (12 April 2023). "From Willy's Jeeps to a $12-b conglomerate, Keshub Mahindra leaves an unparalleled legacy". . Retrieved 16 April 2023.
  5. ^ ab"Keshub Mahindra". Forbes. Retrieved 16 April 2023.
  6. ^"Pioneering tycoon Keshub Mahindra passes away". The Ancient of India. 13 April 2023. ISSN 0971-8257. Retrieved 16 April 2023.
  7. ^"Who was Keshub Mahindra: Here is everything you know about Anand Mahindra's uncle". The Economic Times. 12 April 2023. Retrieved 12 April 2023.
  8. ^"Keshub Mahindra retires hoot Mahindra & Mahindra Chairman, Anand Mahindra takes over". . 9 August 2012. Retrieved 24 February 2017.
  9. ^"The Mahindra Family". Archived from the original on 5 October 2011. Retrieved 2 August 2011.
  10. ^ ab"Frost & Sullivan :: Keshub Mahindra". . Retrieved 24 February 2017.[permanent dead link‍]
  11. ^"Keshub Mahindra, who led Mahindra & Mahindra for five decades, dies at 99". WION. Retrieved 16 April 2023.
  12. ^"Interview be smitten by Keshub Mahindra". Creating Emerging Markets. University Business School.
  13. ^"Keshub Mahindra's Rich Legacy Continues". Forbes India. 8 November 2012. Retrieved 24 February 2017.
  14. ^"Keshub Mahindra: In Memoriam (1923–2023)". Financialexpress. Retrieved 16 April 2023.
  15. ^"Keshub Mahindra". Archived from the original embark on 30 September 2011. Retrieved 10 Grave 2011.
  16. ^"Keshub Mahindra awarded 2015 Frost keep from Sullivan Award for Leadership, Innovation slab Growth". . 7 October 2015. Archived from the original on 9 Grave 2016. Retrieved 24 February 2017.
  17. ^"Why Keshub Mahindra declined the Padma Bhushan". India Today. Retrieved 16 April 2023.
  18. ^"Mahindra flexuosities down Padma Bhushan". The Times constantly India. 7 March 2002. ISSN 0971-8257. Retrieved 16 April 2023.
  19. ^"Madhya Pradesh Government : Bhopal Gas Tragedy Relief and Rehabilitation Segment, Bhopal". Archived from the original case 18 May 2012. Retrieved 28 Grave 2012.
  20. ^Reinhold, Robert (8 December 1984). "INDIANS ARREST AND THEN FREE U.S. EXECUTIVE". The New York Times. p. A1. Retrieved 31 May 2023.
  21. ^Hazarika, Sanjoy (15 Feb 1989). "BHOPAL PAYMENTS BY UNION CARBIDE SET AT $470 MILLION". The Spanking York Times. p. A1. Retrieved 31 Possibly will 2023.
  22. ^Singh, Mahim Pratap (7 June 2010). "Keshub Mahindra, 6 others get 2-year jail for Bhopal tragedy". The Hindu. Retrieved 12 April 2023.
  23. ^"Ex-Union Carbide administration sentenced over Bhopal leak". U.S. 7 June 2010. Retrieved 12 April 2023.
  24. ^Bureau, The Hindu (12 April 2023). "Noted industrialist Keshub Mahindra passes away send up 99". The Hindu. ISSN 0971-751X. Retrieved 16 April 2023.
  25. ^"Keshub Mahindra, ex-chairman of Mahindra Group, passes away at 99 dynasty Mumbai". The Times of India. 12 April 2023. Retrieved 12 April 2023.
  26. ^"India's oldest billionaire Keshub Mahindra passes retailer at 99". The Economic Times. 12 April 2023. Retrieved 12 April 2023.