Mahindra & Mahindra was founded in 1945, the Mahindra group is one of the largest and most admired multinational federations of companies with 260,000 employees in over 100 countries. In this article, we have discussed the top 15 interesting facts about Mahindra & Mahindra.
Mahindra & Mohammed to Mahindra & Mahindra
On 2nd October 1945, the company was established as Mahindra & Mohammed. The Mahindra siblings J.C Mahindra and K.C Mahindra along with Gulam Muhammad co-founded this company. However, they renamed the company to Mahindra & Mahindra Limited (M&M) later in 1948, when Ghulam Mohammed left for Pakistan to join the Ministry of finance.
Milestones’s in Mahindra’s journey
- 1947 – The company brings in the iconic Willy’s Jeep to traverse the rugged terrain of a newly independent India.
- 1956 – Mahindra & Mahindra goes public and listed on the Bombay stock exchange.
- 1961 – Mahindra pioneers farm mechanism with the launch of its first tractor to support India’s green revolution.
- 1983 – Mahindra & Mahindra Becomes the largest selling tractor brand in India, a position it continous to hold for the next three decades.
- 1986 – Mahindra & Mahindra enters the IT space through a joint venture with British telecom.
- 1991 – Mahindra & Mahindra started a non-banking rural financing company Maxi Motors Financial Services Limited, to bridge the gap between rural and urban of a liberalised India. Later, the company became Mahindra & Mahindra Financial Services Limited.
- 1994 – Mahindra & Mahindra forays into real estate business, now knoen as Mahindra Lifespace Developers Ltd.
- 1996 – Established Mahindra Holidays & Resortd India Ltd., pioneers timeshare holidya, offering fun-filled and affordable vacations to aspiring middle class Indian families.
Automotive Sector
Mahindra & Mahindra is the 4th largest passenger vehicle company, 2nd largest commercial vehicle company, and the largest small commercial vehicle company in India.
World’s first all-electric hypercar
In 2019, Mahindra unveils Pininfarina Battista, the world’s first all-electric hypercar.
India’s safest off-roader
Mahindra’s Thar received the 4-star safety rating from Global NCAP, the highest ever rating for a body-on-frame SUV.
Car of the year
Mahindra’s The all-new Thar won the car of the year at the 2021 Autocar Awards and also crossed 50,000 bookings within just 6 months of its launch.
Mahindra & Mahindra: A snapshot
Mahindra & Mahindra is the world’s largest company by volume.
Enjoys a leadership position in farm equipment utility vehicles, information technology, and financial services in India.
Mahindra & Mahindra has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.
Headquartered in India, the group employs over 2,60,000 people across 100 countries.
Mahindra & Mahindra’s presence
Mahindra has a presence in over 22 Industries, 100 plus countries with 150 plus companies.
The 22 Industries are:
- Aerospace
- Automotive
- Consulting
- Farm equipment
- Insurance broking
- Retail
- Steel
- Vehicle & equipment finance
- Boats
- Construction equipment
- Hospitality
- Logistics
- Real estate & Infrastructure
- Trucks & Buses
- Aftermarket
- Agri Business
- Clean energy
- Defence
- Information technology
- Power backup
- Rural housing finance
- Two-wheelers
Global Footprint
The group has a business presence in 100 plus companies with 68 manufacturing facilities around the world.
41 in India, 2 in Algeria, 1 in Australia, 1 in Bangladesh, 1 in Benin, 1 in Brazil, 1 in Chad, 1 in China, 1 in Finland, 1 in Franc, 1 in Indonesia, 1 in Japan, 1 in Kenya, 1 in Mali, 1 in Nigeria, 1 in South Africa, 1 in Sri Lanka, 1 in Tunisia, 3 in Turkey, 2 in UAE, and 4 in the USA.
Providing Financial Asiistance
The Mahindra & Mahindra group donated rupees 150 crores to the ‘Prime Minister Citizen assistance and relief in emergency situations fund’ towards the end of the financial year 2020.
20,402 Mahindra group employees contribute rupees 9.22 crores to the Covid-19 relief fund. of this 7.98 crore rupees from the fund has been distributed to benefit 1,99,079 individuals.
Mahindra & Mahindra’s R & D Facilities
The Company’s R & D facilities are set up in 23 centers across 9 countries. The countries are India, China, Finland, France, Italy, Japan, Turkey, UK, and the USA.
- France – Two wheeler technology with peugoet.
- Finland – Harvester technology with Sampo-Rosenlew.
- Turkey – Farm mechanisation technology with Hisarlar & Erkunt.
- China – Two wheeler technology with Peugeot.
- Japan – Rice value chain & tractor technologies with Mitsubishi.
- India – Automotive, farm, two wheeler engineering & design, connected cars & electric vehicle technology, Gense & agri, Digitisation, AI, IoT with MRV led R & D centers & Design studio MIDS.
- Italy – Advanced EV technologies with Pininfarina & two wheeler technology with Peogeot.
- US – Automotive technologies with MNATC
- UK – Electric racing technology with Mahindra racing & global design centre with M.A.D.E.
Awards & Recognitions
Mahindra & Mahindra is amongst the top innovators in India at the Clarivate South and South East Asia innovation award 2020.
Adjudged one of the Most Trusted Brands of India 2021, by CNBC-TV18.
The all-new Thar received multiple awards: Car of the year at the 2021 Auto Car Awards, Design of the year at BBC Top Gear Awards, and Car of the year 2021 at the Motoring World Awards 2021.
ESG Recognitions
Among the ‘100 Most Sustainably Managed Companies in the World’ by The Wall Street Journal. Ranked 17th, the highest-ranking for an automobile company, also the highest ranking for an Indian company.
Ranked #14 on Business Today’s India’s coolest workplaces survey 2021.
Only Indian company among 106 global companies to get double ‘A’ score for the global climate and water stewardship by global environmental non-profit, carbon disclosure project.
Mahindra EVs
Mahindra EVs have already completed over 295 million electric kilometers on Indian roads and have saved over 29,500 metric tons of CO2 emissions in India, an equivalent of planting 1,35 million trees.
Reduction of Waste Generated
20 locations have received Zero Waste to Landfill ( ZWL ) certification within the Mahindra group. In F21, 5 of these locations were certified ZWL.
Automotive Division: 60% reduction in wood usage achieved since F16, and 76% reduction in paper usage since F16.
13 plant locations in Mahindra & Mahindra Ltd have received ZWL certifications as of the end of F21.
7 Mahindra plants are sending hazardous waste like paint sludge, cotton waste, and ETP sludge at cement plants for co-processing as a part of the Zero Waste to Landfill initiative.
In F21, the Mahindra group planted 1.14 million trees across India.
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