New Delhi, April 4 (IANS) Mahindra Group Chairman Anand Mahindra praised the teams in his Group companies for leading them back to growth. Mahindra and Mahindra’s stock closed at Rs 2,008 on Thursday after facing challenges due to the pandemic.
“In December 2019, when the share price had fallen to around Rs 500, I vividly recall that at our annual leadership conference (M10) held in Mumbai, the then CFO had issued a clarion call for our stock to be ‘2000 by 2022,'” Anand Mahindra posted on X platform. Little did they know a global pandemic was on the horizon.
Despite the obstacles, Mahindra Group lived up to their motto, “When the going gets tough, Mahindra gets going.” The chairman highlighted that the company surpassed the deadline by two years and expressed his satisfaction in crossing this milestone with many more to come. He thanked Mahindra Group CEO Dr Anish Shah, Executive Director Rajesh Jejurikar, and the dedicated teams in M&M and all Group companies for their efforts.
Established in 1945, the Mahindra Group boasts a workforce of 260,000 employees across 100 countries. It holds a prominent position in farm equipment, utility vehicles, information technology, financial services in India, and is the world’s largest tractor company by volume. Additionally, the Group has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate, demonstrating its diverse portfolio and global impact.
The positive trajectory of Mahindra and Mahindra’s stock, closing at Rs 2,008, reflects the resilience and strategic efforts of the Mahindra Group. With a solid leadership team and dedicated employees, the company continues to navigate challenges and achieve significant milestones, setting a strong foundation for future growth and success.
