Anand Mahindra is the Indian business tycoon, who has an estimated net worth of $1.5 billion. He is the chairman and managing director of Mahindra Group. Anand Mahindra fortune comes from his family wealth, various businesses under Mahindra & Mahindra ranging from autos to Software, and has a small stake in Kotak Mahindra Bank. His wealth has seen a 25% rise in the last few years. Check out Anand Mahindra Net Worth, Annual Income, Salary, House, Cars and Recent Events.
Anand Mahindra Net Worth – $1.5 Billion
Anand Mahindra Early Life and Career
Born on 1 May 1955 in Mumbai, Maharashtra, India, Anand Mahindra spent much of his childhood in Mumbai. He completed his schooling at Lawrence School and attained Harvard University and Harvard Business School and got his graduation.
His grandfather JC Mahindra co-founded the company in Mumbai, India. Founded as a steel trading company, the Group today has a presence in multiple sectors from agribusiness to aerospace. It is considered to be one of the most reputed Indian industrial houses with market leadership in many business verticals including utility vehicles, tractors (world’s largest tractor company by volume), after market (India’s largest multi-brand pre-owned car company), finance (largest rural NBFC in India), Holidays (India’s largest vacation ownership company) and IT (top 5 IT service provider).
In 1981, Anand Mahindra joined Mahindra Ugine Steel Company Ltd (MUSCO) as an Executive Assistant to the Finance Director. In 1989 he was appointed President and Deputy managing director of the company.
He took the role of Deputy managing director of Mahindra & Mahindra Ltd., a producer of off-road vehicles and agricultural tractors in India in 1991. In April 1997, he was appointed managing director of Mahindra & Mahindra Ltd, and in January 2003 given the additional responsibility of vice-chairman. On 9 August 2012, he was appointed chairman and managing director. Anand is also a co-promoter of Kotak Mahindra Finance Ltd, which was converted into a bank in 2003.
Under Anand Mahindra’s leadership, the Mahindra group has grown beyond making steel and tractors. Today the Group makes SUVs—in India and South Korea (Ssangyong)with exports to Latin America, Africa, Europe and South East Asia. Mahindra Tractors is the world’s largest tractor company by volume, selling tractors in India, China and the US. The group also makes electric cars, motorcycles, scooters, trucks, yachts, and aircraft. Mahindra Systech, makes auto components across five continents. Tech Mahindra is the fifth largest IT services and IT consulting company in India.
Today, the Mahindra Group is a US$19 billion organisation, and one of India’s top 10 industrial houses.
Anand Mahindra has been tagged as the face of Indian capitalism by The Economist. Forbes India Magazine has recognized him as their ‘Entrepreneur of the Year’ for the year 2013. He was named the Barron’s List of Top 30 CEOs worldwide and the ‘World’s 50 Greatest Leaders’ by Fortune Magazine and featured in the magazine’s 2011 listing of Asia’s 25 most powerful business people. He has made to the Forbes list of Top 100 richest person in India since 2013.
Anand Mahindra is also noted for his philanthropic efforts, having donated millions of dollars over the years to causes such as educating girls, providing clean drinking water and supporting tribal farmers. He chairs the Naandi Foundation, which has spawned three for-profit social businesses—a JV with Danone, to put up clean drinking water community centers across different parts of India; a partnership with the Michael & Susan Dell Foundation which offers afterschool support to students in city slums through a technology platform. The third, Araku, works with tribal farmers convert wasteland into plantations producing premium coffee.
He lives in a luxury real estate property in Mumbai which was estimated to Rs 273 crore in 2012. Anand is married to Anuradha Mahindra, who is the Editor and Publisher of the magazine – ‘Verve’ and Publisher of ‘The Indian Quarterly’. He has a fleet of expensive cars in his garage ranging from Mercedes Benz to Rolls Royce. Anand Mahindra owns several real estate properties in India and overseas. Mahindra is an incisive business commentator and humanitarian with over 4.3 million followers on Twitter.