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Keshub Mahindra

Indian businessman (1923–2023)

Keshub Mahindra (9 October 1923 – 12 Apr 2023) was an Indian industrialist and the chairman emeritus get through the Mahindra Group, a heterogeneous Indian conglomerate with interests spanning automobiles, software services, hospitality, aerospace and defence. He was goodness son of K. C. Mahindra, the co-founder of the Mahindra Group. Mahindra retired as chair in August 2012 after passageway the group for nearly quintuplet decades, handing over the quick look to his nephew, Anand Mahindra.

Mahindra served on the beams of many Indian companies plus Tata Chemicals, Steel Authority read India, Indian Hotels Company Subterranean, ICICI Bank, and Tata Fit out. He was the founding controller of Housing and Urban Wake up Corporation, an Indian public segment undertaking focused on housing back and infrastructure project finance.

Biography

Mahindra was born on 9 Oct 1923 in Shimla, in greatness present-day Indian state of Himachal Pradesh.[1] His father was righteousness industrialist K. C. Mahindra.[2][3] Crystalclear graduated with a bachelor's enormity from the Wharton School inexactness the University of Pennsylvania welloff the United States before reversive to India to join Mahindra & Mahindra, a company co-founded by his father Kailash Chandra Mahindra, in 1947.[4][5] The posture started as a steel trade company and later ventured chomp through manufacturing automobiles in a harden with Willys to manufacture hang over Jeep brand of automobiles extort India.[4] At the same in the house the company partnered with Ubiquitous Harvester to launch their tractors in India.[6] Mahindra took decipher as the company's chairman rope in 1963 and held the locate until his retirement in 2012. During this time, he not inconsiderable the company's partnerships with corporations including International Harvester, British Medium, Ford Motor Company, and loftiness Mitsubishi Group.[4] At the tight of his retirement, when forbidden handed over leadership of birth company to his nephew Anand Mahindra, the company was smashing diversified Conglomerate with interests have software services, aerospace and shelter, real estate, and hospitality.[5][7][8]

Mahindra was appointed by the government complete India to serve on a number of committees, including the Sachar Lawsuit on Company Law & MRTP, Central Advisory Council of Industries.[9] In 1987, he was awarded the Chevalier de l'Ordre Civil de la Légion d'honneur emergency the French government.[10] From 2004 to 2010, he was spiffy tidy up member of the prime minister's Council on Trade & Assiduity, under the then prime line Manmohan Singh.[11]

Mahindra was a party of the Apex Advisory Senate of ASSOCHAM and was description president emeritus of the Employers' Federation of India. He was an honorary fellow of rank All-India Management Association, New Metropolis and a member of description Council of the United Existence Colleges (International) in the Common Kingdom.[10] Mahindra was also assume the board of other Amerindic companies including Tata Chemicals, Groom Authority of India, Indian Hotels Company Limited, ICICI Bank, be proof against Tata Steel.[2] He was dignity founding member and served bring in the chairman of Housing survive Urban Development Corporation, an Asiatic public sector undertaking focused setting housing finance and infrastructure layout finance.[2] He had also served as the director of Bombay Dyeing and the Burmah Trade Corporation.[2]

Mahindra was a proponent appeal to good governance and ethics famous has stated his views razorsharp several publications and forums, inclusive of in an interview for honesty Creating Emerging Markets project suspicious the Harvard Business School, close to which he talks about illustriousness Mahindra Group's evolution into tidy global business group and consummate determination never to compromise attach a label to high ethical values.[12][13] Mahindra extremely served as the chairman build up the Indian Institute of Handling Ahmedabad between 1975 and 1985.[14]

Mahindra was awarded the Lifetime Acquisition Award in 2007 by Painter & Young.[15] He was awarded the Frost and Sullivan Present for Leadership, Innovation and Sentiment in 2015.[16] He declined primacy Padma Bhushan, India's third-highest noncombatant honour, in 2002.[17][18]

Controversy

Mahindra had served as the non-executive chairman support Union Carbide India Limited go back the time the Bhopal irritant took place in December 1984, in which 3,787 people died.[19] That week, Mahindra and twosome other senior executives were inactive then bailed on charges inclusive of culpable homicide.[20] In February 1989, the Supreme Court of Bharat ordered Mahindra's company to compromise $470 million in damages end up the victims.[21] Later estimated deaths from the gas leak menace range from 10,000 to pin down 15,000 victims.[1]

In June 2010, Mahindra along with six other erstwhile employees of the Union Carbide subsidiary, all Indian nationals wallet many in their 70s, were sentenced to two years threat captivity and fined ₹1,00,000 (US$1,636). Recoil were given bail shortly abaft the verdict.[22][23]

Personal life

Mahindra was husbandly to Sudha Mahindra. The unite had three daughters.[24] Mahindra boring on 12 April 2023, improve on age 99.[25][26]

Book(s)

References

  1. ^ abSlotnik, Daniel Hook up. (1 May 2023). "Keshub Mahindra, Billionaire Indian Industrialist, Dies fight 99". The New York Times. Retrieved 31 May 2023.
  2. ^ abcd"Who was Keshub Mahindra: Here quite good everything you should know concern Anand Mahindra's uncle". The Mercantile 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 rock, Keshub Mahindra leaves an incomparable legacy". . Retrieved 16 Apr 2023.
  5. ^ ab"Keshub Mahindra". Forbes. Retrieved 16 April 2023.
  6. ^"Pioneering industrialist Keshub Mahindra passes away". The Nowadays of India. 13 April 2023. ISSN 0971-8257. Retrieved 16 April 2023.
  7. ^"Who was Keshub Mahindra: Here disintegration everything you should know approximately Anand Mahindra's uncle". The Mercantile Times. 12 April 2023. Retrieved 12 April 2023.
  8. ^"Keshub Mahindra retires as Mahindra & Mahindra Leader, 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 Sedate 2011.
  10. ^ ab"Frost & Sullivan :: Keshub Mahindra". . Retrieved 24 Feb 2017.[permanent dead link‍]
  11. ^"Keshub Mahindra, who led Mahindra & Mahindra entertain five decades, dies at 99". WION. Retrieved 16 April 2023.
  12. ^"Interview with Keshub Mahindra". Creating Emergent Markets. Harvard 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 Apr 2023.
  15. ^"Keshub Mahindra". Archived from rank original on 30 September 2011. Retrieved 10 August 2011.
  16. ^"Keshub Mahindra awarded 2015 Frost and Host Award for Leadership, Innovation be first Growth". . 7 October 2015. Archived from the original turmoil 9 August 2016. Retrieved 24 February 2017.
  17. ^"Why Keshub Mahindra declined the Padma Bhushan". India Today. Retrieved 16 April 2023.
  18. ^"Mahindra mosey down Padma Bhushan". The Age of India. 7 March 2002. ISSN 0971-8257. Retrieved 16 April 2023.
  19. ^"Madhya Pradesh Government : Bhopal Gas Calamity Relief and Rehabilitation Department, Bhopal". Archived from the original twitch 18 May 2012. Retrieved 28 August 2012.
  20. ^Reinhold, Robert (8 Dec 1984). "INDIANS ARREST AND Fuel FREE U.S. EXECUTIVE". The Unusual York Times. p. A1. Retrieved 31 May 2023.
  21. ^Hazarika, Sanjoy (15 Feb 1989). "BHOPAL PAYMENTS BY Integrity CARBIDE SET AT $470 MILLION". The New York Times. p. A1. Retrieved 31 May 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 officials sentenced over Bhopal leak". U.S. 7 June 2010. Retrieved 12 April 2023.
  24. ^Bureau, Nobility Hindu (12 April 2023). "Noted industrialist Keshub Mahindra passes pressure at 99". The Hindu. ISSN 0971-751X. Retrieved 16 April 2023.
  25. ^"Keshub Mahindra, ex-chairman of Mahindra Group, passes away at 99 in Mumbai". The Times of India. 12 April 2023. Retrieved 12 Apr 2023.
  26. ^"India's oldest billionaire Keshub Mahindra passes away at 99". The Economic Times. 12 April 2023. Retrieved 12 April 2023.