Mahindra & Mahindra

History

The history of Mahindra & Mahindra Group is closely tied to the destiny and economic development of its country, India.

In fact, it is a microsystem that interacts in close symbiosis with the nation: Mahindra & Mahindra and the Republic of India were both established in the same period (1945 and 1947). Both have the same aspirations (promoting progress and pursuing global recognition), and both have had to overcome the inevitable obstacles and difficulties that naturally occur along the path of growth.

The adventure began when Mr. K.C. Mahindra visited the United States and met Barney Roos, the inventor of the legendary Jeep. He wondered: could a vehicle that had proven its strength on World War II battlefields suit the rugged Indian terrain?

The answer to this question was yes: on October 2, 1945, the company began building Willy’s Jeep in India under U.S. license.

Since then, Mahindra & Mahindra has grown exponentially, becoming a group that occupies an important position in key sectors of the Indian economy.

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The Group

Mahindra Group does business in key sectors of economic growth such as farm equipment, utility vehicles, information technology and tourism. It is also present in various fields: the automotive industry, agriculture, the aerospace industry, components, consulting services, defense, energy, financial services, industrial equipment, logistics, construction, steel and two-wheel vehicles.

M&M is currently a leader in utility vehicles in India and employs more than 200,000 people in over 100 countries around the world. Today the group works in key sectors of the Indian economy, including financial services, commercial services and logistics, automotive components, and information technology, in addition to infrastructure development and its Lifespaces and Mahindra Holidays & Resorts divisions.

Two companies of the group — Tech Mahindra and Mahindra Finance — made their debut on the stock exchange in 2006.

In 2014 Mahindra was included in the Forbes Global 2000 list of the world’s largest and most important companies. In 2013, the “Financial Times” of Britain gave Mahindra the ‘Boldness in Business’ award for the Emerging Markets category. In 2010 Mahindra acquired the majority stakes in REVA Electric and in the SsangYong Motor Company. In 2015 the group acquired a 51% share of Peugeot Motorcycles (PSA Group) and a 76% share of Pininfarina.

© Mahindra 2016

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