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Keshub Mahindra, India’s oldest billionaire dies at 99.

The chairman emeritus of Mahindra & Mahindra and India's oldest billionaire, Keshub Mahindra, passed away on Wednesday at the age of 99.

Keshub Mahindra was one of India’s leading industrialists and former Chairman of the Mahindra Group. Unfortunately, he passed away today at the age of 99. He was a pioneering figure in the Indian business world. Keshub also played a key role in the growth and development of the Mahindra Group, one of India’s largest conglomerates.

Mahindra was born in Lahore, British India (now in Pakistan) in 1923. Graduated with a degree in mechanical engineering from the Massachusetts Institute of Technology (MIT) in the United States. He started his career at Mahindra & Mahindra in 1947. He rose through the ranks to become the Chairman of the company in 1997.

Career of Keshub Mahindra:

Under Mahindra’s leadership, the Mahindra Group diversified into a wide range of industries, including automobiles, aerospace, agriculture, and information technology. He was also known for his visionary leadership and commitment to innovation, which helped the group to achieve significant growth and success over the years.

The Mahindra Group further expanded from being an automobile manufacturer to other industry categories like IT, real estate, financial services, and hospitality over the 48 years he served as chairman. He was therefore instrumental in forming partnerships with large international corporations like the Willys Corporation, British Telecom, Mitsubishi, International Harvester, United Technologies, and many more.

Keshub’s personal life:

Mahindra was also a philanthropist and supported several charitable causes, including education, healthcare, and social welfare. He was awarded several honors during his lifetime, including the Padma Bhushan, one of India’s highest civilian awards, and the Lifetime Achievement Award from the Federation of Indian Chambers of Commerce and Industry (FICCI).

In a statement released by the Mahindra Group, current Chairman Anand Mahindra said, “Keshub Mahindra was a towering figure in Indian business, and his legacy will continue to inspire us for generations to come. He was a visionary leader who believed in the power of innovation and the potential of the Indian economy. We will always be grateful for his contribution to our group and to India.”

Mahindra is survived by his wife, children, and grandchildren. His death is also a great loss to the Indian business community and he will be deeply missed.

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