India

Keshub Mahindra 

  • Former Chair, Mahindra Group (Diversified)
Born Shimla, India, 1923. BSc. Economics, Wharton, University of Pennsylvania (1947).
“[F]undamentally I think what we believed in, and we still do, is in the dignity of the individual. We strongly feel that no matter what you do, you have to recognize that.”

Video Clips

Mahindra describes how Mahindra and Mahindra in the early 1990s sold off businesses unrelated to its core that it had accumulated during the years of government regulation.

Mahindra explains why his believes that businesses must be involved in development in India: “How many villages have no water?”

 Full-length video (accessible to holders of a valid Harvard ID)

Transcript

Keshub Mahindra, the chairman of Mahindra & Mahindra between 1963 and 2012 and a prominent Indian philanthropist, discusses the drivers and challenges of his firm’s evolution from selling and manufacturing utility vehicles to a global diversified business group. He discusses the challenges of state controls during the era of the License Raj in India, his relationship with Prime Minister Indira Gandhi, and his policies towards joint ventures with multinational automobile companies. A consistent theme during these decades was Mahindra’s refusal to compromise on high ethical values.

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