| Close on the heels of large acquisitions made by domestic companies, India is in an accelerated state of momentum, and India Inc is shining again. An important factor that has made Indian corporates eye global assets is that they are cash rich, and this coincides with a period of liquidity and buoyant private equity markets. For most Indian companies, global inorganic growth is the way forward, as with Mahindra & Mahindra, which recently made the largest overseas acquisition in the auto component space by an Indian company by acquiring 67.9% stake in Jeco Holding AG. Jeco Holding AG is valued at an enterprise value of approximately 140 million euros and is one of the top five forging companies in Germany. Apart from acquisitions, Mahindra & Mahindra unlocked tremendous shareholder value by carrying out two mega successful listings this year, viz. Mahindra Finance and Tech Mahindra. While the Mahindra Finance IPO was oversubscribed over 27 times, the Tech Mahindra IPO was the most successful IPO in India this year, being oversubscribed a record 70 times, reflecting the strong brand equity that the house of Mahindras has created for itself. |
| Since being appointed the Managing Director of Mahindra & Mahindra Ltd. in April 1997, Mr. Anand Mahindra has embarked on a strategic globalization drive. He has been engaged in a comprehensive change programme in Mahindra & Mahindra Ltd. to make the company an efficient and aggressive competitor in the new liberalised economic environment in India. Under his stellar leadership, the company has traversed new geographies, posted remarkable growth and diversified into newer growth areas, evolving as player of significance on the global scale. |
| In the past decade, the Mahindra Group has successfully pioneered new vistas in Indian industry and made acquisitions both in India and abroad. The company has pioneered the Special Economic Zone (SEZ) in India with the first SEZ, Mahindra World City in Chennai, which today houses leading corporates such as IT behemoth Infosys Technologies and international car maker, BMW among others. The Mahindra Group has marched firmly on the global arena, with acquisitions in China, UK and Germany, apart from India. |
| Corporate Governance is an integral part of the Mahindra Group, which is evident by it being assigned the 'Governance & Value Creation Rating (GVC) Level "� 1' by CRISIL for Corporate Governance Practices. |
| The company supports various initiatives to promote the welfare and education of not only its employees, but also the community. It currently supports the school education of over 27,000 underprivileged girl children under the aegis of the Nanhi Kali Project. |
| Mr. Mahindra's vision and leadership have successfully led Mahindra & Mahindra, the Indian multi-national to be the global company that it is today. |
| The US $3 billion Mahindra Group employs over 34,000 people across the globe and is among the leading business houses in the country. |
| About The Mahindra Group |
| The US $3 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra & Mahindra is the only Indian company among the top five tractor manufacturers in the world and is the market leader in multi-utility vehicles in India. It has a leading presence in key sectors of the Indian economy, including trade and financial services (Mahindra Intertrade, Mahindra & Mahindra Financial Services Ltd.), automotive components, information technology & telecom (Tech Mahindra, Bristlecone), and infrastructure development (Mahindra GESCO, Mahindra Holidays & Resorts India Ltd., Mahindra World City). With around 60 years of manufacturing experience, the Mahindra Group has built a strong base in technology, engineering, marketing and distribution. The Group has eight state-of-the-art manufacturing facilities in India spread over 500,000 square meters. The Mahindra Group has ambitious global aspirations and has a presence in 20 countries spread across four continents. Mahindra products are today available in every continent except Antarctica. M&M has made strategic acquisitions of plants in China and the UK, and has 2 assembly plants in the USA. Its global subsidiaries include Mahindra Europe Srl. based in Italy, Mahindra USA Inc. and Mahindra South Africa. M&M has entered into partnerships with international companies like Renault, France, and International trucks, USA. The Group celebrated its 60th anniversary in 2005-06. |
| About Asia Business Leader Awards |
| The CNBC Asia Business Leader Awards 2006 program recognizes Asia's outstanding corporate leaders. Launched in 2001, the CNBC Asia Business Leader Awards celebrates the region's visionaries who exemplify the best in business, with accomplishments of the highest standards. Recipients of the awards are stellar individuals, who epitomize core values of a successful leader - strength, innovation, ingenuity, knowledge and foresight "� values that are imperative to carving out powerful businesses in the global economy. |
| Under stringent, objective and transparent criteria, business leaders are judged by an independent panel of world-respected management strategists, academics, corporate personalities and CNBC editorial staff. Heading the judging panel are representatives from University of Chicago Graduate School of Business: Professor Mark E. Zmijewski, Dean of Executive MBA Programs, and Professor William W. Kooser, Associate Dean for Part Time MBA Programs. Together with research partner Development Dimensions International (DDI), the distinguished panel goes through a unique three-phase judging process based on a combination of criteria including financial performance, leadership, creativity, innovation and social responsibility. Candidates are evaluated based on their ability to create short-term advantage, long-term value, competitive edge, and the demonstration of leadership in the business community. |
| The 2006 CNBC Asia Business Leader Awards are being held in Hong Kong. |
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