Page 4 - Mahindra Group

VS Parthasarathy resigns from Mahindra Group, to pursue personal interests

Mahindra & Mahindra on Monday said VS Parthasarathy, the President of its Mobility Services Sector and Member of the Group Executive Board, has decided to leave the group effective close of April 1, 2021 to pursue personal interests. Parthasarathy, who joined the Mahindra group in 2000 and began with an HR stint, has expressed desire to leverage his rich professional experience to consult, mentor, build and scale businesses and initiatives across business, education and society in the next phase of his career, M&M said in a regulatory filing. He was spearheading the newly formed Mobility Services Sector (MSS), a growth driver and incubation platform for future investments by the Mahindra group in technology-driven mobility companies, with the vision of co-creating the 'Future of Mobility'. It includes all mobility businesses within the group, including Mahindra Logistics and the erstwhile aftermarket sector, Mahindra First Choice Wheels and Mahindra First Choice Services, and .

Anand Mahindra & his 'social' connect: Witty, inspiring & heart-warming

Vishwanathan Anand to mentor at Tech Mahindra's phygital Chess League

Global Chess League is an extension of the various partnerships its has with different sports- from FIFA to Indian Premier League's Kings XI Punjab

Mahindra, Reliance commit to WEF's Stakeholder Capitalism Metrics

The metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance that companies can report on, regardless of industry or region

Mahindra Group registers interest to seek Covid-19 vaccines for employees

Diversified Mahindra Group on Friday said it has registered interest to seek COVID-19 vaccines for its employees, as per priorities and sequence to be specified by the government.

Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency

2021 will be year of reinvention and regeneration: Anand Mahindra

Mahindra group has emerged stronger from the COVID-19 crisis and the 'strange & sinister year' 2020 will be transformed into a year of 'reinvention & regeneration' in 2021, according to the chairman of the conglomerate, Anand Mahindra. In his New Year address to the 2.56 lakh employees of the group across 100 countries, Mahindra said in spite of all the problems brought about by the pandemic last year, "someunexpectedly great things had emerged from what seemed like an impossibly bad situation". Drawing parallels to the development of COVID-19 vaccines, in which researchers and regulators have fast-tracked the vaccine development process to 10 months which otherwise takes 10 years, he said there are lessons for the group to learn from it in terms of following purpose-driven business, rebooting and re-evaluating. "I thinkthe first important learning from that story is that the day of the purpose-driven business has arrived," he said adding manufacturing the vaccine is a true ...

Mahindra Mobility Services eyes four-fold increase in m-cap in 5 years

This will be largely driven by Mahindra Logistics and unlisted entities in the mobility services space

Top headlines: Small savings cross Rs 1 tn, Volkswagen Beetle goes electric

From Indians pumping nearly Rs 1 trillion into small savings schemes to Beetle becoming India's first vintage car to go electric, Business Standard brings you the top headlines of the day

Mahindra group rides Jawa back to its Czech homeland after a 90-year hiatus

The motorcycle was created by Frantisek Janecek in Prague, with the first model rolling out on October 23, 1929

We're not keen on diversifying at this point, says M&M's Anish Shah

Group has ten businesses 'which have lot of potential and can grow', says managing director and CEO-designate.

Mahindra shutters plane manufacturing facility in Australia; seeks buyers

Mahindra Group on Tuesday said it has closed down its aircraft manufacturing business in Australia and is scouting for a buyer, more than a decade after venturing into high-cost plane-making business. The decision also comes little over a year after one of the planes, manufactured at the Australian facility, crashed in Sweden killing nine persons. In 2009, Mahindra Group acquired 75.1 per cent stake each in two Australian aerospace firms, Gippsland Aeronautics (Gipps Aero) and Aerostaff Australia, for Rs 175 crore as part of its plans to manufacture aircraft and allied components to service global market. While Gippsland Aeronautics is into aircraft manufacturing, Aerostaff is into manufacturing aircraft components. "We have shut down our Gipps Aero business, which was into the manufacturing of 8- and 10-seater planes in Australia," Mahindra & Mahindra Deputy Managing Director and Group CFO Anish Shah told reporters in the post-earnings media call. "It is up for sale for someone .

Can the new Thar move bring Mahindra's SUV business on to the fast lane

Analysts say carmaker has to get the pricing right to snatch back volumes in the sport utility vehicle segment

Build systems for space sector growth with private presence: Anand Mahindra

Says global space sector is expected to touch $3.3 trn by 2045, India's share is currently miniscule

We will continue investing in successful biz for the future: Anand Mahindra

The Covid-19 crisis, however, has given us an opportunity to reboot our thinking, to reinvent our approach and to recommit ourselves to our financial goals"

Mahindra resets its playbook for international business ventures

'We will fail faster, if we have to,' says chairman Anand Mahindra as international revenues for most group business ventures grow or dwindle

Further re-rating of M&M depends on UV, capital allocation outcome

Share price jump reflected in current valuation

Amit Raje joins Mahindra Group as EVP for partnerships and alliances

Raje's appointment comes weeks after the Anand Mahindra-led firm announced that it will exit from loss making subsidiaries and entities

These techies built a social media start-up from their college hostel room

A day after Mahindra Group chairman Anand Mahindra committed an investment of $1 mn in social media start-up Hapramp, its creative social media app GoSocial saw unprecedented traffic due to which the

Mahindra reports first quarterly loss in 19 years amid Covid-19 crisis

Net loss stood at Rs 1,761 cr in Q4