Mahindra & Mahindra was established on October 2, 1945 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 thought. The Mahindra brothers joined hands with a distinguished gentleman called Ghulam Mohammed. And, 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.
Mahindra & Mahindra is the only Indian company among the top three tractor manufacturers in the world. The Group has a leading presence in key sectors of the Indian economy.The Group employs over 50,000 people and has several state-of-the-art facilities in India and overseas.
Mahindra & Mahindra has comprehensive manufacturing facilities with high level of vertical integration. Catering to the Sector's diverse customer base spanning rural and semi urban customers, defence requirements and luxurious urban utility vehicles or SUVs. These manufacturing plants keep abreast with the latest technology to meet the growing market expectations. These manufacturing facilities have some of the best technologies and equipment in India and provide for a very challenging and satisfying work environment. Its plants in Mumbai and Nasik manufacture multi-utility vehicles and engines are produced at the Igatpuri plant. Utility Vehicles, Light commercial vehicles and 3 wheelers are manufactured at the Zaheerabad plant in Andhra Pradesh and three-wheelers at the Haridwar plant.
The business area of the company spreads to:
The company manufactures & markets utility vechicles, light commercial vechicles that includes three wheeler vechicles,namely; Scorpio, Bolero, Champion and many more. The company also exports its products to several countries in Europe, Africa, South America, South Asia and the Middle East. M&M has a tie up with Renault for production & marketing of Logan. Mahindra International is into producing trucks and buses.The company has entered into a joint venture with Navistar for production of disel engines & trucks.
M&M's farm equipment segment has presence in six continents and has a worldwide network of 800 dealers .Its total combined production capacity is 1,50,000 tractors a year from countries like India, USA, China and Australia. The company is also into agri business.
Trade, Retail & Finance
Mahindra’s Intertrade Division provides steel & steel related services. It offers steel raw materials, metals, ferro alloys, etc. It also processes Cold Rolled Grain Oriented (CRGO) and Cold Rolled Non Grain Oriented (CRNGO) steels that are required for transformers & compressors.Mahindra Retails is into distribution business and has tie up with big names like Lego, Disney, Mattel and others. Mahindra Finance is into financing of tractors and other vehicles and is also into Insurance broking.
M&M has also entered Infrastructure development that operates in real estates, SEZs, hospitality, project engineering and design.Under this it has created Mahindra Holiday & Resorts, Mahindra Lifespaces & Mahindra World City.
Tech Mahindra provides solutions & services to telecommucation majors namely Alcatel, AT&T, BT, Convergys, Ericsson and O2, among others. It is also into business process and technology consulting services through Bristle.
It is into supply of automotive components.It produces forged and forged / machined components, gears and composities.
Under this division it has companies like Mahindra Defence,engaged in manufacturing defence related vehicles & Mahindra Ashtech.
Products and services offered by the company:-
Trade, & Retail and Logistics Retail - Mahindra Retail Ferro Alloys and Metal Scrap Steel and Steel Related Services Technical Products And Services Toys and Apparel Corporate People Movement Supply Chain Management Service Centre for Automotive and Electrical Steels
Keshub Mahindra honoured with ASSOCHAM Lifetime Achievement Award