Latest news with #MahindraGroup
Time of India
a day ago
- Business
- Time of India
Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
NEW DELHI Mahindra Lifespace Developers MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a St. Pius Ten CHS society in Mulund (West), Mumbai . The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore. The company recently launched Mahindra 'Codename64', a residential development in Malad (West). The project will offer 2BHK and 3BHK residences. The board of directors of the company had recently approved the appointment of Anshu Shukla as chief design officer categorised as senior management personnel with effect from June 25, 2025.
New Indian Express
3 days ago
- Business
- New Indian Express
India-UK FTA is a signpost to the future: Anand Mahindra
BENGALURU: The recent Free Trade Agreement (FTA) between India and the UK, skillfully negotiated by both sides, is a signpost to the future, said Anand G. Mahindra, Chairman of the Mahindra Group, in his letter to Tech Mahindra shareholders. "It gives a heartening fillip to the services sector in India and will accelerate the IT industry's global growth momentum," he wrote in the letter, published in the company's annual report. Mahindra also touched upon the growing relevance of artificial intelligence (AI). He noted that while it's tempting to view AI as a fully developed tool capable of solving problems and driving growth, it still requires thoughtful use. "As with every gifted child, it requires care, nurture, guidance and a purposeful use of its brilliance to ensure that its potential is used productively. Used well, it can create extraordinary value, particularly for businesses like TechM (Tech Mahindra)," he said. The annual report also detailed changes in compensation across the company, including for top leadership.
Time of India
3 days ago
- Automotive
- Time of India
Mahindra launches Furio 8 LCV range with mileage guarantee offer
Mahindra's Truck and Bus division (MTB), part of the Mahindra Group , has launched the Mahindra Furio 8 Light Commercial Vehicle ( LCV ) range, featuring a mileage guarantee scheme under the claim 'Get the Highest Mileage or Give the Truck Back.' The initiative aims to position the Furio 8 as a high-earning option in the LCV category . The Furio 8 is available in two cargo configurations—4-Tyre and 6-Tyre—designed for various transport applications. It is also the first in the Indian LCV segment to offer a 22 ft load body in the 6-tyre variant and a 20 ft load body in the 4-tyre version. Both variants come with a 7-foot wide loading area. The truck is powered by Mahindra's in-house mDi Tech engine, integrated with Dual Mode FuelSmart technology to support fuel efficiency under various operating conditions. The vehicle is manufactured at Mahindra's Chakan plant in Maharashtra. Support network and service guarantees The company has backed the Furio 8 with a service network of over 400 touchpoints across India. Additionally, the Furio 8 is covered by double service guarantees: a 36-hour guaranteed workshop turnaround time or ₹3,000 per additional day, and a 48-hour 'back on road' promise with compensation of ₹1,000 per extra day if delayed. Vinod Sahay, President – Trucks, Buses, CE, Aerospace & Defence, and Member of the Group Executive Board at Mahindra Group, said, 'The launch of the new Mahindra FURIO 8 range of LCV trucks with the guarantee, 'Get The Highest Mileage or Give the Truck Back', will help our customers earn the highest operating profit from their FURIO 8 in this category. The new truck series sets new benchmarks of excellence and customer-centricity while reflecting our serious commitment to the segment and confidence in our products.' Dr. Venkat Srinivas, Business Head, MTB & CE, added, 'Mahindra FURIO 8 is engineered to deliver higher earnings, lower Total Cost of Ownership (TCO), minimal maintenance, and unmatched safety, comfort, and convenience – ensuring profit, peace of mind and higher prosperity for our customers.' The trucks are also equipped with Mahindra iMAXX, a telematics platform offering features such as location tracking, geofencing, vehicle health monitoring, driver analytics, and fleet dashboards.
Time of India
4 days ago
- Business
- Time of India
Global patterns are rearranging themselves daily: Anand Mahindra
Bengaluru: The scale of emerging megatrends — from AI and climate change to shifting geopolitical forces — signals the close of one era and the emergence of a new one shaped by tectonic change. "Tectonic shifts – brought about by AI, by climate change, by geopolitics – appear to be marking the end of one age, and the uncertain dawn of another. It's almost as if some unseen force is wielding a giant kaleidoscope, where it only takes a slight twist of the lens for a pattern to disappear and re-emerge in a new and unfamiliar form. Each twist of global events – geopolitical realignments, policy reversals, economic realignments, regional hostilities – reshapes the view. Patterns that once seemed clear now rearrange themselves almost daily," Anand Mahindra , chairman of the Mahindra Group, wrote in the letter to shareholders published in Tech Mahindra's 2024-25 annual report. Mahindra said what appeared to be fixed just a year ago fractured into fragments, realigning into new configurations. "The immediate trigger for this situation is the change of direction in the US. The sudden pivot to protectionism is churning the waters of the established trade order. Moves and countermoves are changing the pattern, literally every day. Uncertainty and lack of trust and confidence are affecting everything from high-level global alliances to the price of children's toys. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 90s Icon: A Look at Her Today I Am Famous Undo " Mahindra said that periods of chaos offer unique opportunities to rethink and rebuild. "The map is being redrawn daily, and it is up to us to redraw some of it to our advantage. The old order is changing, yielding place to the new. The dominance of the US in capital markets and China in supply chains has been shaken." You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Tech Mahindra CEO Mohit Joshi earned Rs 54 crore in the 2024-25 financial year, which includes base salary, variable payout, and perquisite value of ESOPs exercised during the last financial year. Joshi was associated for part of the 2023-24 financial year. Hence, the percentage increase in remuneration is not comparable. TCS CEO K Krithivasan took home a salary of Rs 26.5 crore in the 2024-25 financial year, a 4.6% increase from Rs 25.3 crore in the previous year. Infosys CEO Salil Parekh saw a 22% increase in his compensation, reaching Rs 80.6 crore in the 2024–25 year, up from Rs 66.2 crore in the previous year. Joshi's compensation in the last fiscal was 840 times that of the median salary of a Tech Mahindra employee. There was a reduction of 6.5% in the median remuneration of employees in the last fiscal. Tech Mahindra rolled out a 4% increase to employees (including employees overseas), whereas there was a decrease in the managerial remuneration by 34.4% during the same year.
Business Standard
4 days ago
- Business
- Business Standard
Mahindra Lifespace edges higher after launching redeveloped housing project in Malad
Mahindra Lifespace Developers advanced 1.23% to Rs 362.45 after the company announced the launch of its redeveloped residential project Mahindra 'Codename64' in Malad (West), Mumbai. 'Codename64 project hosts various 2 and 3 BHK residences along with approximately 2.2 acres of recreational space. It offers seamless access to upmarket social infrastructure and is well connected by roads and offers access to public transport. Vimalendra Singh, chief business officer Residential, Mahindra Lifespace Developers, said: "Mahindra Codename64 is more than a project launch. It reflects our deepening commitment to Mumbais urban transformation. As we step into the citys redevelopment space, our focus is on creating homes and communities that stand the test of time." Mahindra Lifespaces Developers is the real estate arm of the Mahindra Group. The companys development footprint spans 41.11 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations.
