Professional Documents
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History of Mahindra and Mahindra LTD
History of Mahindra and Mahindra LTD
History of Mahindra and Mahindra LTD
The birth of Mahindra & Mahindra began when K.C. Mahindra visited the
United States of America as Chairman of the India Supply Mission. He met
Barney Roos, inventor of the rugged 'general purpose vehicle' or Jeep and
had a flash of inspiration: wouldn't a
vehicle that had proved its invincibility on the battlefields of World War II
be ideal for India's rugged terrain and its kutcha rural roads?
Swift action followed this thought. The Mahindra brothers joined hands
with a distinguished gentleman called Ghulam Mohammed & on October
2nd, 1945, Mahindra & Mohammed was set up as a franchise for
assembling Jeeps from Willys, USA.
Two years later, India became an independent nation and Mahindra &
Mohammed changed its name to Mahindra & Mahindra. Ghulam
Mohammed migrated to Pakistan post-partition and became the first
Finance Minister of Pakistan.
Since then, Mahindra & Mahindra has grown steadily in size and stature
and evolved into a Group that occupies a premier position in almost all key
sectors of the economy. The Group's history is studded with milestones.
Each one taking the Group forward. In fact, today, its total turnover is
about 6.3 billion dollars.
Mahindra is a group in a hurry, engaged in an ambitious, sustained and
prolonged penetration into the global arena. Its spirit can be encapsulated
in the words of the poet Robert Frost, a favourite of India's first Prime
Minister, Pandit Jawaharlal Nehru:
"The woods are lovely, dark and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep."
India's first Prime Another legend Decades rolled Passing the parade
Minister. rode in it out of time
A passenger in the
past
Patrolling the borders of Standing tall for Soldiered its A legend set
the country years way out
Corporate Profile
Core purpose
We don't have a group-wide mission statement. Our Core Purpose is what
makes all of us want to get up and come to work in the morning.'
- Anand G.
Mahindra
Indians are second to none in the world. The Founders of our nation and of our
Company passionately believed this. We will prove them right by believing in
ourselves and by making Mahindra & Mahindra Limited known world-wide for
the quality of its products and services.
Core Values
Our Core Values are influenced by our past, tempered by our present, and will
shape our future. They are an amalgam of what we have been, what we are and
what we want to be.
These values are the compass that will guide our actions, both personal and
corporate.
Corporate Governance
The goal of any system of governance is to achieve the best performance within
the overall context of the prevalent economic environment, so as to secure
maximum benefit for all the stakeholders. For this to be achieved, governance
cannot only be systems, processes and metrics. It also has to integrate within
itself the beliefs, values, culture and ethics of an organization, ultimately
leading to the cornerstones of transparency and accountability, which is what
good governance, is all about.
In the recent past, corporate India has been flooded with several prescriptive
principles of governance, the result of intense deliberations of eminent
commissions. Ironically, the corporate failures in developed countries regulated
by highly disciplined capital markets have only brought home the stark reality
that good governance can never be the result only of legislation. It must have
real commitment from the management.
Our shareholders are aware that the Mahindra Companies have been
associated with good governance even before corporates were faced with
legislation and a set of regulations. The Company has formally enunciated its
own governance practices by way of a Code of Corporate Governance. This
Code seeks to serve as a reminder of the underlying principles governing the
conduct of our businesses. They are a reiteration of the fundamental precept
that good Corporate Governance must, and will, always be an integral part of
the fabric that makes up our ethos.
MANAGEMENT
•1994 The Sir Jehangir Ghandy Medal for Industrial Peace - XLRI, Jamshedpur
•2004 Award from Overdrive for Excellence in the Indian Automotive Hall of
Pride
•2007 Ernst & Young Entrepreneur of the Year Lifetime Achievement Award.
Iin April 1997, he was appointed Managing Director of Mahindra & Mahindra
Ltd and in January 2003 given the additional responsibility of Vice Chairman.
Mr. Mahindra frequently shares his views and ideas on Indian economy and
business through his writings in some of India’s leading business magazines.
•Rajiv Gandhi Award 2004 for outstanding contribution in the business field
•2005 Leadership Award from the American India Foundation for his, and the
Mahindra Group’s commitment to corporate social responsibility.
•The Most Inspiring Corporate Leader of the Year 2007 from NDTV Profit.
OTHER ACTIVITIES
He takes a keen interest in matters related to education and apart from being a
Trustee of the K.C. Mahindra Education Trust, which provides scholarships to
students, he is also on the Board of Governors of the Mahindra United World
College of India.
Mr. Mahindra is the Founder Chairman of the Mumbai Festival, which was
launched in January 2005. The event was the first comprehensive festival to
celebrate the rich cultural diversity of the city.
BOARD OF DIRECTORS
The Board of Directors of the Company has, as its members, eminent persons
from Industry, Finance, Investment and other branches of business, who bring
diverse experience and expertise to the Board.
NAME DESIGNATION
Committees Of Board
The Board of Directors as the governing body of the Company meets on an
average of six times in a year depending on the exigencies to decide on crucial
matters of policy and business. In order to facilitate operational independence,
timely direction and supervision within the framework of the general policy of
the Company, certain Committees of the Board have been constituted.
Currently, the Board has the following Committees:
A. Remuneration/Compensation Committee
•Nadir B. Godrej
•M. M. Murugappan
B. Audit Committee
•Nadir B. Godrej
•M. M. Murugappan
•R. K. Kulkarni
Mr. Narayan Shankar, Head - Secretarial & Assistant Company Secretary,is the
Compliance Officer of the Company.
The Research & Development (R&D) Committee, which was constituted by the
Board in 1998, provides direction on the Research & Development mission and
strategy, and key Research & Development and Technology issues. The
Committee also reviews and makes recommendations on skills and
competencies required and the structure and the process needed to ensure
that the Research & Development initiatives result in products that are in
keeping with the business needs. The Research & Development Committee
consists of the following Directors:
•Nadir B. Godrej
•M.M. Murugappan
•Bharat Doshi
•Bharat Doshi
•A. K. Nanda
•R. K. Kulkarni
In addition to giving impetus to the Nanhi Kali project for the girl child and the
Mahindra All India Talent Scholarship for the economically disadvantaged, the
Mahindra Group is planning to set up two Mahindra Pride Schools. These
schools will offer a variety of courses, with an emphasis on employability,
including training for Information Technology, Retail, Automotive Engineering
etc. They will provide new skills and capabilities to the weaker sections of
society, particularly the scheduled castes and scheduled tribe youth. While
these projects are already underway, plans for more social initiatives are on the
anvil.
The Mahindra United World College of India, part of the United World College
movement, was founded by the late Harish Mahindra in 1997. It is the Group’s
endeavour to promote world-class education with an emphasis on the ideals of
peace and understanding, central to the ethos of the United World Colleges.
There are 10 United World Colleges spread across the globe, with colleges
situated in United Kingdom, Singapore, Canada, Swaziland, Italy, United
States of America, Venezuela, Hong Kong, Norway and India. Her Majesty
Queen Noor of the Hashemite Kingdom of Jordan is the President of the United
World Colleges and Mr. Nelson Mandela, former President of the Republic of
South Africa, is the Honorary President of the United World College
International Council.
Environment Initiatives
Towards making planet earth greener, the Group has vowed to plant a One
Million Trees across the Nation by October 2008 under the Mahindra Hariyali
initiative. Mahindra Hariyali, is a mass tree plantation initiative undertaken by
each and every Mahindra location - be it a Plant/factory setting or a corporate
office. Shramdaan by Mahindra employees (and their families) themselves and
even Mahindra dealers is a major driver of the initiative. With strong and
meaningful partnerships with various stakeholders in the civil society such as
schools, colleges, trusts, and also the Government (Forest Departments etc),
the Mahindra Hariyali model ensures plantation and nurturing of these trees in
the society at large. What started as a seed with top management vision is now
bearing fruits towards reaching the zenith of completion.
Involving Dealers and Mr. Rajeev Dubey planting a Neem Sapling at Mahindra Towers,
Customers
Worli
Employees Green day out New employees join the Hariyali Brigade
PRODUCT PROFILE
MAHINDRA GIO
Engine
Type Single cylinder,Direct injection
Bore Storke (mm) 86 76
Displacement 441.5
Compression ratio 20.31
Max. Engine output(KW @ rpm) 6.8 ± 0.3 KW @ 3600 rpm
Max.Torque (Nm @ rpm ) 21 ± Nm @ 2000 – 2400 rpm
Clucth
Type Multi plate wet type clucth
Gear box
Type Sequential shift, Constant mesh,
Gear box
No of gears 4 forward , 1 reverse
Suspentation
Type/Description
Front: Independent Suspension with
MC- pherson strut
Rear: Leaf spring with Telescopic shock
absorber
Brakes
Front and Rear brake Hydraulic, Drum
Parking brake Internal expanding type on rear
Wheels, hand lever cable type
Wheels and types
Tyre size 4.50 – 10 LT 8PR
Tyre pressure
(kg/cm Square) Front 1.8 & Rear 4.0
Electrical system
System voltage (v) 12 DC
Fuel tank capacity (L) 10.5
Dimensions
Wheel base (mm) 2005
Overall width (mm) 1460
Overall length (mm) 3180
Overall height (mm) 1815
Front track (mm) 1060
Rear track(mm) 1260
Min.ground clearance (mm) 180
Cargo box Dimensions (mm)
1570 1460 380
Weights
Maximum GVW (kg) 1110
Kreb weight (kg) 610
Turning radius (m) 3.8
Seating capacity D & D+1
+
16,793 (including insurance,road tax, assoceries)
_____________________________________________________
1,78,793( On road price)
Millege – 27 +