Keshub Mahindra died in Mumbai on Wednesday morning at the age of 99.
Keshub Mahindra, Chairman Emeritus Of Mahindra & Mahindra, died at his home in Mumbai on Wednesday. He was 99. After joining the company in 1947, he became the Chairman in 1963.
Here are five points on Keshub Mahindra:
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Mr Mahindra was born on October 9, 1923, in Shimla and led the Mahindra Group for 48 years. He retired as chairman in August 2012, handing over the position to his nephew, Anand Mahindra.
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According to Forbes, Mr Mahindra transformed the company from an assembler of Willysjeeps in India to a diversified conglomerate during his long tenure as chairman.
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Keshub Mahindra played key roles in forging business alliances with global majors such as Mitsubishi, International Harvester, United Technologies, British Telecom and many others. With a net worth of $1.2 billion, Mr Mahindra was the oldest Indian billionaire on the Forbes list released earlier this month.
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A page from Mahindra Group website, retrieved through Web Archive, says that Mr Mahindra was a graduate from the Wharton School, University of Pennsylvania, in the US. He was living in Mumbai with his wife. Mr Mahindra is survived by three daughters and seven grandchildren.
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He had served on a large number of Boards and Councils in both private and public domain. He was the founder Chairman of HUDCO, and also served on many corporate boards, including SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC, ICICI and HDFC.
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