Keshub Mahindra, former chairman of Mahindra & Mahindra, passed away at the age of 99 on Wednesday. He served as the chairman of the flagship company of the Mahindra Group for 48 years between 1963 and 2012. After that, he was the chairman emeritus of the firm.
Recently, Forbes revealed that he was India's oldest billionaire, with a net worth of $1.2 billion.
"Keshub Mahindra was and will always remain a source of inspiration for me and the entire Mahindra Group. He was a man of principles and led from the front to preserve the legacy of our founders which has ensured that the organisation has remained rooted in ethics, values and good corporate governance. Keshub Mahindra was known for his astute business acumen that helped in transforming Mahindra into a diversified federation of companies. His compassion, and people-centric approach made him a global business icon, who was much loved and respected," said Anand Mahindra, chairman of Mahindra Group.
Under Mahindra, the company went under a great deal of diversification. When he started working there in the company in 1947, its main business was manufacturing the iconic Willys Jeeps. Now, the group is a conglomerate with interests spanning automobile, energy, software services, real estate, hospitality and defence.
Who was Keshub Mahindra?
Born on October 9, 1923, in Shimla, Mahindra completed his graduation from Wharton at the University of Pennsylvania, USA.
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