Categories: ObituariesUncategorized

India’s oldest billionaire Keshub Mahindra passes away at 99

Keshub Mahindra, the Chairman Emeritus of Mahindra & Mahindra and India’s oldest billionaire, passed away at the age of 99. He had a net worth of $1.2 billion as per Forbes. He retired as the Chairman of Mahindra Group on August 9, 2012, and passed on his responsibilities to his nephew, Anand Mahindra.

Under his 48-year long tenure as Chairman, the Mahindra Group diversified from being solely an automobile manufacturer to expanding into other sectors such as IT, real estate, financial services, and hospitality. Keshub Mahindra played a crucial role in establishing strategic partnerships with global giants like Willys Corporation, Mitsubishi, International Harvester, United Technologies, British Telecom, among others.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Keshub Mahindra was born on October 9, 1923, in Shimla and earned his degree from Wharton, University of Pennsylvania, USA. He joined the Mahindra & Mahindra Group in 1947 and eventually became its Chairman in 1963.

Besides his role in the Mahindra Group, he served on various Boards and Councils, both in the private and public sectors. This included positions in SAIL, Tata Steel, Tata Chemicals, Indian Hotels, IFC, and ICICI. He was also the Founder Chairman of HUDCO (Housing and Urban Development Corporation Limited), Vice-Chairman of Housing Development Finance Corporation Ltd, Chairman of Mahindra Ugine Steel Co. Ltd, Director of Bombay Dyeing & Manufacturing Co. Ltd., and Bombay Burmah Trading Corporation Limited.

You may also read this:

Jharkhand Education Minister Jagarnath Mahto passes away at 56

Find More Obituaries News

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.