Mahindra Group targets global scale, eyes spot among world’s 50 most admired companies

Speaking at the 12th SBI Banking & Economics Conclave, Anish Shah, Group CEO and Managing Director of Mahindra Group, outlined the company’s long-term goal of becoming one of the top 50 most admired companies in the world, driven by purpose, innovation, and global competitiveness.

Shah said Mahindra’s growth strategy extends beyond financial metrics, anchored instead in social impact, resilience, and a strong operational foundation.

Despite a challenging quarter, he pointed to a broad-based performance across businesses, with profits in the farm division up 54% year-on-year, Mahindra Finance rising 45%, Tech Mahindra up 35%, growth gems up 22%, and the auto business up 14%.

He emphasised that Indian companies have now achieved the scale, quality, and leadership depth needed to compete globally.

Shah said India is on a strong economic footing, with the potential to grow 8-10% annually over the next 20 years, backed by demographic strength, robust physical and digital infrastructure, and continued policy reforms. He added that Indian firms have shown resilience and adaptability even amid global uncertainty.

Addressing recent headlines around RBL Bank, Shah clarified that the stake sale was a one-off treasury action, where Mahindra saw an opportunity to unlock value. He said the group’s primary focus remains on driving value creation within its core businesses.

On the international front, Shah said Mahindra’s auto exports are up 40%, and the company is setting ambitious targets to capture 10–20% market share in key global markets.

While auto and farm remain its core businesses, Shah highlighted the rapid rise of “growth gems” such as Mahindra Aerostructures, which is expected to grow 20-fold, and the holiday segment, which currently operates 100 resorts in India and 35 in Europe and plans further expansion.

For the next phase of growth, Mahindra has earmarked ₹30,000–₹40,000 crore for capex and R&D over the next three years, with the potential to exceed that investment.

Shah said the group’s strategy is rooted in innovation, agility, and technological leadership, noting that every leader within Mahindra must now act as a “tech leader” to stay relevant in a fast-changing world.

Also Read | SBI chief CS Setty urges hike in FII cap, calls 20% PSB limit a disadvantage