Anand Mahindra, the Chairman of the Mahindra Group, expressed his admiration for the dedicated teams within his conglomerate for steering the companies onto a new path and reinstating them on the familiar track of growth. The closing stock price of Mahindra and Mahindra stood at Rs 2,008 on Thursday, marking a significant stride.
Reflecting on the journey, Mahindra reminisced about a pivotal moment at the annual leadership conference (M10) in Mumbai back in December 2019. During that time, when the share price had plummeted to approximately Rs 500, the then CFO rallied for the stock to reach Rs 2000 by 2022. However, unforeseen challenges loomed with the onset of a global pandemic.
Despite the ensuing turbulence over the next couple of years, Mahindra Group stood firm, embodying their motto of resilience: "When the going gets tough, Mahindra gets going..." Mahindra acknowledged that while they exceeded the deadline by two years, reaching the milestone was immensely satisfying, with aspirations for many more accomplishments in the future.
Mahindra extended his gratitude to Dr. Anish Shah, CEO of Mahindra Group, and Rajesh Jejurikar, Executive Director, along with the dedicated teams across Mahindra and Mahindra and all affiliated companies. Their collective efforts in devising innovative strategies and relentless dedication were pivotal in steering the group back towards its customary growth trajectory.
Established in 1945, the Mahindra Group stands as a beacon of success, boasting a workforce of 260,000 employees spread across more than 100 countries. With a commanding presence in various sectors including farm equipment, utility vehicles, information technology, and financial services, Mahindra Group holds the title of the world's largest tractor company by volume.
Additionally, the conglomerate has made significant strides in renewable energy, agriculture, logistics, hospitality, and real estate, cementing its position as a multifaceted global entity poised for continued success.
