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Time of India
2 days ago
- Automotive
- Time of India
India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD
India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah . Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's GDP and we are aligned with the opportunities this dynamic economy offers," Shah stated. Elaborating on business, he stated that the company's growth gems are scaling rapidly, establishing a strong presence in their respective markets and well on track to delivering the promise of 5x growth. "Our Lifespaces business is developing greener buildings, Susten and our renewables InvIT are driving the transition to renewable energy , while our last mile mobility venture is driving electrification of passenger and cargo 3-wheelers to reduce pollution in cities," Shah said. Mahindra Logistics and Club Mahindra are delivering greater customer value, while Trucks & Buses and Aerostructures are charting an even more aggressive growth path, he said. Additionally, the group's emerging growth gems (Accelo, Classic Legends, Car & Bike) are well poised to create value, he added. Shah said FY25 turned out to be an exceptional year for the Mahindra Group, reflecting strong, broad-based growth and stellar execution across businesses. Revenue grew by 14 per cent reaching Rs 1,59,211 crore, while profit after tax (PAT) soared 20 per cent to Rs 12,929 crore, he said. "Our auto and farm sectors (biz verticals) continued to gain market share, expanding their profitability, and reinforcing their leadership positions. The launch of our Electric Origin SUVs redefines quality standards and marks a significant milestone in India's EV journey," he added. At Tech Mahindra , the company strengthened client relationships and improved operational margins, and Mahindra Finance enhanced stability while achieving 33 per cent profit growth, Shah said. PTI
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Business Standard
2 days ago
- Automotive
- Business Standard
Mahindra group's top executives witness up to 98% jump in salaries
Mahindra & Mahindra's top executives saw a significant jump in compensation in FY25, with some receiving pay hikes of up to 98 per cent, reflecting the group's robust performance across segments. Group Chief Executive Officer and Managing Director Anish Shah saw his remuneration nearly double — rising 95.42 per cent to ₹47.33 crore from ₹24.22 crore a year earlier. Rajesh Jejurikar, Executive Director and Chief Executive Officer (Auto and Farm Sector), also received a 98 per cent hike in pay, drawing ₹38.27 crore compared to ₹19.25 crore in FY24. Chairman Anand Mahindra's remuneration stood at ₹5.62 crore, marginally up from ₹5.15 crore the previous year. The hikes come on the back of a robust financial year for the Mahindra Group. In FY25, the company's consolidated revenue grew 14 per cent to ₹1,59,211 crore, while profit after tax surged 20 per cent to ₹12,929 crore. The automobile segment saw revenues rise 19 per cent to ₹90,825 crore, with profit after tax (PAT) climbing 25 per cent to ₹5,907 crore. The farm division posted a 6 per cent rise in both revenue and PAT, reaching ₹35,375 crore and ₹3,792 crore, respectively. 'FY25 was an exceptional year for the Mahindra Group, reflecting strong, broad-based growth and stellar execution across businesses,' said Anish Shah. 'The launch of our Electric Origin SUVs redefines quality standards and marks a significant milestone in India's EV journey.' Meanwhile, at Tata Motors, Executive Director Girish Wagh's remuneration rose by 22 per cent to ₹8.5 crore, including employee stock ownership plan (ESOP) and perquisites, as the company continues its focus on commercial vehicle leadership and EV transition.
Economic Times
3 days ago
- Automotive
- Economic Times
India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD Anish Shah
India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's GDP and we are aligned with the opportunities this dynamic economy offers," Shah stated. Elaborating on business, he stated that the company's growth gems are scaling rapidly, establishing a strong presence in their respective markets and well on track to delivering the promise of 5x growth. "Our Lifespaces business is developing greener buildings, Susten and our renewables InvIT are driving the transition to renewable energy, while our last mile mobility venture is driving electrification of passenger and cargo 3-wheelers to reduce pollution in cities," Shah said. Mahindra Logistics and Club Mahindra are delivering greater customer value, while Trucks & Buses and Aerostructures are charting an even more aggressive growth path, he said. Additionally, the group's emerging growth gems (Accelo, Classic Legends, Car & Bike) are well poised to create value, he added. Shah said FY25 turned out to be an exceptional year for the Mahindra Group, reflecting strong, broad-based growth and stellar execution across businesses. Revenue grew by 14 per cent reaching Rs 1,59,211 crore, while profit after tax (PAT) soared 20 per cent to Rs 12,929 crore, he said. "Our auto and farm sectors (biz verticals) continued to gain market share, expanding their profitability, and reinforcing their leadership positions. The launch of our Electric Origin SUVs redefines quality standards and marks a significant milestone in India's EV journey," he added. At Tech Mahindra, the company strengthened client relationships and improved operational margins, and Mahindra Finance enhanced stability while achieving 33 per cent profit growth, Shah said. PTI
Mint
3 days ago
- Automotive
- Mint
India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD
New Delhi, Jun 30 (PTI) India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's GDP and we are aligned with the opportunities this dynamic economy offers," Shah stated. Elaborating on business, he stated that the company's growth gems are scaling rapidly, establishing a strong presence in their respective markets and well on track to delivering the promise of 5x growth. "Our Lifespaces business is developing greener buildings, Susten and our renewables InvIT are driving the transition to renewable energy, while our last mile mobility venture is driving electrification of passenger and cargo 3-wheelers to reduce pollution in cities," Shah said. Mahindra Logistics and Club Mahindra are delivering greater customer value, while Trucks & Buses and Aerostructures are charting an even more aggressive growth path, he said. Additionally, the group's emerging growth gems (Accelo, Classic Legends, Car & Bike) are well poised to create value, he added. Shah said FY25 turned out to be an exceptional year for the Mahindra Group, reflecting strong, broad-based growth and stellar execution across businesses. Revenue grew by 14 per cent reaching ₹ 1,59,211 crore, while profit after tax (PAT) soared 20 per cent to ₹ 12,929 crore, he said. "Our auto and farm sectors (biz verticals) continued to gain market share, expanding their profitability, and reinforcing their leadership positions. The launch of our Electric Origin SUVs redefines quality standards and marks a significant milestone in India's EV journey," he added. At Tech Mahindra, the company strengthened client relationships and improved operational margins, and Mahindra Finance enhanced stability while achieving 33 per cent profit growth, Shah said.
Time of India
3 days ago
- Automotive
- Time of India
India poised to be global manufacturing hub, says Mahindra Group
India is uniquely positioned to emerge as a global manufacturing powerhouse amid rising geopolitical and economic challenges, according to Anish Shah, CEO and Managing Director of Mahindra & Mahindra Group . In the company's Annual Report for FY25, Shah highlighted India's growing infrastructure, young workforce, and favorable policy environment as key drivers of this transformation. 'The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse,' Shah said, addressing shareholders. He emphasised that Mahindra, now in its 80th year, remains anchored in its values while aligning growth with the India story. 'We operate in 70 per cent of the country's GDP and are aligned with the opportunities this dynamic economy offers,' he said. Shah on Mahindra's performance Shah highlighted strong performance across Mahindra's portfolio, particularly its 'growth gems,' which are scaling rapidly and targeting 5x growth. Key contributors include Mahindra Lifespaces with green building developments, renewable energy venture Susten and its InvIT, and the last mile mobility business driving 3-wheeler electrification. Mahindra Logistics and Club Mahindra continue to deliver greater customer value, while Trucks & Buses and Aerostructures are charting aggressive growth. Emerging businesses like Accelo, Classic Legends, and Car & Bike are also poised to create long-term value. FY25 was described as an exceptional year for the group, with revenue rising 14 per cent to ₹1,59,211 crore and profit after tax (PAT) increasing 20per cent to ₹12,929 crore. Mahindra's auto and farm equipment businesses gained market share and improved profitability, while the launch of its Electric Origin SUV line marked a major milestone in India's EV journey. Tech Mahindra strengthened client relations and improved margins, and Mahindra Finance delivered a 33 per cent profit growth, further bolstering the group's performance.
