It’s a sad day as Keshub Mahindra, renowned Indian businessman and former chairman of the multinational conglomerate Mahindra Group, passed away on April 12, 2023. Keshub Mahindra was 99 years old and just a few months away from celebrating his 100th birthday.
He was recently declared India’s oldest billionaire by Forbes and had a net worth of $1.2 billion. Tributes are pouring from all over the world for Keshub Mahindra, a huge figure in India and abroad. Find out all the details about Keshub Mahindra, from his early life, and career, to his influence.
The industrial world has lost one of the tallest personalities today. Shri Keshub Mahindra had no match; the nicest person I had the privilege of knowing. I always looked forward to mtgs with him and inspired by how he connected business, economics and social matters. Om Shanti.
— Pawan K Goenka (@GoenkaPk) April 12, 2023
My heartfelt condolences on the passing of renowned industrialist and former chairman of Mahindra & Mahindra Keshub Mahindra ji. His contribution to Indian automobile sector can never be forgotten. May his soul rest in eternal peace.
— Sharad Pawar (@PawarSpeaks) April 12, 2023
A true legend in every right. Mr. Keshub Mahindra built a brand that India is proud of and built an industry for which we are all grateful. A mentor and friend to my father and a visionary in every sense of the word. May he always be remembered with joy. 🙏
— Sunjay Kapur (@sunjaykapur) April 12, 2023
Who was Keshub Mahindra? Early Life
- Keshub Mahindra was born on 9 October 1923 in Shimla, then British India.
- He was the son of Kailash Chandra Mahindra, the co-founder of the Mahindra group.
- He joined Mahindra in 1947 at the age of 26, became the chairman in 1963 and headed the company till 2012.
- Keshub Mahindra graduated from the Wharton School of the University of Pennsylvania.
Keshub Mahindra Career and Later Life
- Keshub Mahindra ran the Mahindra group for five decades and achieved remarkable success.
- He took the steel and car manufacturer company, and transformed it into one of India’s biggest and most profitable conglomerates.
- Keshub was also known for his philanthropy and contributions towards helpful causes.
- He was also the Founder Chairman of HUDCO (Housing and Urban Development Corporation Limited) and Director of Bombay Dyeing & Manufacturing Co. and Bombay Burmah Trading Corporation.
- He also served on several Boards and Councils in both the private and public domain, including SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC and ICICI.
- From 2004 to 2010, he served as a member of the Prime Minister’s Council on Trade & Industry.
- Keshub Mahindra retired in 2012 and handed over the control of the Mahindra group to his nephew Anand Mahindra.
Keshub Mahindra Controversies
- Keshub Mahindra’s legacy isn’t without blemishes. He was serving as the non-executive chairman of Union Carbide India Limited when the Bhopal Gas Tragedy took place in 1984. Over 3000 people died in the gas leak and thousands of others were adversely affected but the real culprits were never punished.
- In 2010, Keshub Mahindra, along with six other former Union Carbide employees were convicted and sentenced to two years imprisonment. Most were over the age of 70 and Indian Nationals and granted bail after the verdict.
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