Keshub Mahindra, the former chairman of the Mahindra Group, passed away on April 12 at the age of 99. The veteran businessman, with a net worth of $1.2 billion, was the oldest Indian billionaire when he reappeared on the Forbes list of India’s Richest Billionaires for 2023. He was born in 1923 and headed the Mahindra Group from 1963 to 2012. Keshub Mahindra then took on the place of the gathering’s Administrator Emeritus. His nephew, Anand Mahindra, is currently in charge of The Mahindra Group.
INSPACe chairman Pawan Goenka confirmed on Twitter, saying. “The industrial world has lost one of the tallest personalities today. Shri Keshub Mahindra had no match; he was the nicest person I had the privilege of knowing. I always looked forward to mtgs with him and was inspired by how he connected business, economics, and social matters. Om Shanti,” he wrote.
Who is Keshub Mahindra?
1. India’s oldest billionaire, according to a Forbes list, was Keshub Mahindra. According to HT, Keshub had previously fallen off the highly coveted list with a net worth of $1.2 billion.
2. In 1947, Mahindra joined his father’s business, which initially manufactured and sold utility vehicles. From 1963 to 2012, he held the position of chairman of the Mumbai-listed conglomerate for an impressive period of time.
3. Mahindra, a graduate of Wharton College at the University of Pennsylvania, was instrumental in the company’s transformation from a Willys Jeep assembly plant in India to a diverse conglomerate.
4. Under his initiative, the Mahindra Group, with a valuation of $19 billion, extended its portfolio past farm haulers and sports utility vehicles, wandering into programming administrations, cordiality, and land areas.
5. Keshub stepped down from his position in 2012 and named his nephew Anand Mahindra as his replacement. It is common knowledge that Keshub had a close relationship with the KC Mahindra Education Trust.
6. The central government had even selected Keshub to serve on a number of committees, including the Central Advisory Council of Industries and the Sachar Commission on Company Law & MRTP.
7. According to the company’s website, Keshub also established HUDCO, which stands for Housing and Urban Development Corporation Limited; was Housing Development Finance Corporation Ltd.’s vice chairman; director of the Mahindra Ugine Steel Co. Ltd. overseer of Bombay Coloring and Assembling Co. Ltd.; as well as the director of the Bombay Burmah Trading Corporation Limited.
8. The French government also awarded him the Chevalier de l’Ordre National de la Legion d’honneur for his contributions to the industry.
9. From 2004 to 2010, the billionaire was a Prime Minister’s Council on Trade and Industry member in New Delhi.
10. The central government had even picked Keshub as essential for a few panels remembering the Sachar Commission on Organization Regulation and MRTP and the Central Advisory Council Of Industries.
This is a great loss for India because he was not only a businessman but the pride of India who has taken Mahindra to heights and outshined India’s name.