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India's oldest billionaire Keshub Mahindra passes away

In 1947, Mahindra joined his father’s company, which started by manufacturing and selling utility vehicles

India's oldest billionaire Keshub Mahindra passes away
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India’s oldest billionaire Keshub Mahindra, chairman emeritus of Mahindra & Mahindra, passed away at the age of 99 on April 12. INSPACe chairman Pawan K Goenka confirmed the same on his Twitter handle.


In 1947, Mahindra joined his father’s company, which started by manufacturing and selling utility vehicles. From 1963 to 2012, he was chairman of the Mumbai-listed conglomerate. He named his nephew Anand Mahindra his successor on his retirement.

Mahindra, a graduate of Wharton, University of Pennsylvania, transformed the company from an assembler of Willys Jeeps in India to a diversified conglomerate. The $19 billion Mahindra Group is not only known for its tractors and sports utility vehicles, but is also present in software services, hospitality and real estate.

His death comes days after he re-entered the Forbes list of India’s Richest Billionaires for 2023.

Along with being a part of many prestigious organisations and committees, he was a philanthropist and also contributed to the cause of building ethical corporations in India. The government had appointed him to serve on committees such as the Sachar Commission on Company Law & MRTP and the Central Advisory Council of Industries.

Mahindra was a member of the Prime Minister’s Council on Trade & Industry from 2004 to 2010.


Also Read: Maharashtra Collects Highest GST Revenue For 2022-23

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