Keshub Mahindra

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Keshub Mahindra
Born Keshub Mahindra
(1923-10-09) 9 October 1923 (age 94)
Residence Mumbai, India
Citizenship Indian
Alma mater Wharton, University of Pennsylvania, US, 1978
Occupation Former chairman of Mahindra Group
Years active 1947–2012
Organization Mahindra Group
Children Three
Website www.mahindra.com/about-us/leaders & mahindra.com

Keshub Mahindra (9 October 1923) is an Indian businessman, and the chairman emeritus of the Mahindra Group. He retired as chairman in August 2012 after heading the Group for nearly five decades, handing over the position to his nephew, Anand Mahindra.[1] Mahindra is known for his philanthropy.[2] He is a graduate from Wharton, University of Pennsylvania, US. He joined Mahindra & Mahindra in 1947, and in 1963 took over as chairman.

Organizations and committees[edit]

Mahindra has been appointed by the Government of India to serve on various committees, including the Sachar Commission on Company Law & MRTP, Central Advisory Council of Industries.[3] In 1987, he was awarded the Chevalier de l'Ordre National de la Légion d'honneur by the French Government.[4] From 2004 to 2010, he was a Member of the Prime Minister’s Council on Trade & Industry, New Delhi.

Mahindra is a member of the Apex Advisory Council of ASSOCHAM and is the President Emeritus of the Employers’ Federation of India. He is an Honorary Fellow of the All India Management Association, New Delhi and a member of the Council of the United World Colleges (International) in the United Kingdom.[4]

He is a proponent of good governance and ethics and has stated his views in several publications and forums, including in an interview for the Creating Emerging Markets project at the Harvard Business School, during which he talks about the Group's evolution into a global business group and his determination never to compromise on high ethical values.[5]

Memberships[edit]

  1. Apex Advisory Council – ASSOCHAM
  2. Founder Member, Indo-Hellenic Friendship League
  3. Founder Member, Governing Council, Integrated Research & Action for Development (IRADe) New Delhi
  4. President, Centre for Research in Rural & Industrial Development Society, Chandigarh
  5. President Emeritus, Employers’ Federation of India
  6. Deputy Chairman & Trustee, Employers’ Federation of India, Social & Labor Research (SOLAR) Foundation.
  7. Hon. Fellow, All India Management Association, New Delhi.
  8. Member of the Council, The United World Colleges (International) U.K.
  9. Member, Sachar Commission on Company Law & MRTP
  10. Member, Central Advisory Council of Industries

Philanthropy[edit]

  1. Chairman, Mahindra Foundation
  2. Chairman, Board of Trustees – Population First
  3. Chairman, Bombay First, Health & Environment Committee
  4. Chairman & Trustee, K.C. Mahindra Education Trust
  5. Member, Governing Board – United Way of Mumbai
  6. Member of the International Advisory Board, University of Pennsylvania, Center for the Advanced Study of India, Philadelphia
  7. Founding/Life Member of University of Pennsylvania, Centre for the Advanced Study of India, New Delhi
  8. Member, Governing Board – Bombay First

Awards[edit]

  1. Businessman of the year, India (1989) by Business India.
  2. Rotary award for Vocational Excellence (1992).
  3. Lifetime Achievement Award (2007) by Ernst & Young.[6]
  4. 2009 ACMA Lifetime Achievement Award
  5. 2009 Economic Times Lifetime Achievement Award
  6. 2012 Federation of Automobile Dealers Associations – Lifetime Contribution Award
  7. 2012 Lifetime Achievement Award by the Employers’ Federation of India (EFI) (2012)Lifetime Contribution Award, Federation of Automobile Dealers Association (FADA)
  8. 2013 NDTV Business Leadership Awards 2012 – Lifetime Achievement Award.
  9. 2013 AIMA Managing India Award 2013 – Lifetime Achievement Contribution.
  10. 2013 Wharton Alumni Award for Distinguished Service, Philadelphia.
  11. 2013 Bombay Management Association (BMA) – Lifetime Achievement Award 2012-2013.
  12. 2014 Lifetime Achievement Award from ASSOCHAM (The Associated Chambers of Commerce and Industry of India)
  13. Honored by SIAM/ACMA for his valuable contribution to the Indian Automotive Industry (2013)
  14. Frost and Sullivan Award for Leadership, Innovation and Growth (2015)[7]

Controversy[edit]

Mahindra had served as the non-executive chairman of Union Carbide India Limited at the time the incident took place in 1984 in which 3,787 people died in Bhopal (as per Govt of Madhya Pradesh). In June 2010, seven former employees of the Union Carbide subsidiary, all Indian nationals and many in their 70s, were sentenced to two years imprisonment and fined Rs. 100,000 ($1,636).[8] All were given bail shortly after the verdict [9]

References[edit]

  1. ^ "Keshub Mahindra retires as Mahindra & Mahindra Chairman, Anand Mahindra takes over". Economictimes.indiatimes.com. 9 August 2012. Retrieved 2017-02-24. 
  2. ^ "Keshub Mahindra's Rich Legacy Continues". Forbes India. 2012-11-08. Retrieved 2017-02-24. 
  3. ^ "Archived copy". Archived from the original on 5 October 2011. Retrieved 2011-08-02. 
  4. ^ a b "Frost & Sullivan :: Keshub Mahindra". 2.frost.com. Retrieved 2017-02-24. 
  5. ^ "Interview with Keshub Mahindra". Creating Emerging Markets. Harvard Business School. 
  6. ^ "Archived copy". Archived from the original on 30 September 2011. Retrieved 2011-08-10. 
  7. ^ "Keshub Mahindra awarded 2015 Frost and Sullivan Award for Leadership, Innovation and Growth". Mahindra.com. 2015-10-07. Retrieved 2017-02-24. 
  8. ^ "Keshub Mahindra, six others get two-year jail for Bhopal tragedy". 
  9. ^ "bhopal: Keshub Mahindra, seven others convicted in Bhopal gas case - The Economic Times". Articles.economictimes.indiatimes.com. 2010-06-07. Retrieved 2017-02-24.