On April 12th, 2023, Keshub Mahindra, the oldest Billionaire in India and a business magnate, passed away at 99. He left behind a remarkable legacy that lasted five decades. Former Mahindra & Mahindra Chairman Mahindra was well-known for his charitable efforts and contributions to the Indian corporate community.
Mahindra’s Journey: From a utility vehicle manufacturer to a diversified conglomerate
Keshub Mahindra was born on October 9th, 1923, in Shimla, British India, and has evolved from a maker of utility vehicles to a multinational corporation. In 1947, after finishing his schooling at the University of Pennsylvania’s Wharton School, he started working for his father’s manufacturer of utility vehicles. He played a crucial role in growing the company’s clientele and introducing cutting-edge technology to India.
The firm developed substantially and established itself as one of India’s top automakers during his chairmanship. Mahindra was a pivotal contributor to the growth of the company’s tractor division, which, under his direction, grew to become the world’s largest tractor maker. Mahindra retired in 2012 after more than 48 years of service, and his nephew, Anand Mahindra, took over.
Philanthropy and Giving Back: Mahindra’s Legacy of social responsibility
Mahindra, a former chairman of Mahindra & Mahindra, had a net worth of USD 1.2 billion and was India’s oldest billionaire. Just a few days before he died, he re-entered the Forbes 2023 billionaires list. Mahindra, however, had a keen vision and foresight and always espoused the value of giving back to society.
Mahindra received the Padma Bhushan, India’s third-highest civilian honor, in 2002 for his services to the country’s business community and society. In 2009, he was also admitted to the Automotive Hall of Fame.
Condolences Pour In: The nation mourns the loss of a pioneer in the business field
Mahindra’s demise has been lamented by citizens all around the nation, and several people have posted condolences on social media. Narendra Modi, the prime minister, tweeted:
Anguished by the passing away of Shri Keshub Mahindra Ji. He will be remembered for his contribution to the world of business and his philanthropic efforts. Condolences to his family and friends. Om Shanti: PM @narendramodi
— PMO India (@PMOIndia) April 12, 2023
A Century of uncompromising Integrity and Values.
We will not stray from that path.🙏🏽 Om Shanti. pic.twitter.com/Mt24zLwyj7
— anand mahindra (@anandmahindra) April 12, 2023