A leaner M&M charting new expansion path, looks to enter new industry, list 2 businesses, step up global presence
Mahindra & Mahindra (M&M) is set to embark on its next phase of expansion after shedding flab under the stewardship of group MD and CEO Anish Shah. In the past four years, the Rs 1.39 lakh crore group has exited 15 businesses ranging from yachts and helicopters to dairy and special steel as well as loss-making overseas subsidiaries such as SsangYong Motor and Peugeot Motocycles.
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The leaner and more agile M&M has a multipronged growth agenda, Shah said in an interview. It’s looking to get into an unidentified new business, list the auto recycling and electric vehicle (EV) units, and step up the overseas presence of the auto and farm businesses, Shah said.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Leadership in AIVisitIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisitIt also aims to ensure that Tech Mahindra and Mahindra & Mahindra Financial Services (Mahindra Finance) realise their full potential besides bolstering the logistics, holidays and real estate businesses, which have been identified as “growth gems”
“We will potentially look at one new area (new industry) beyond our current footprint,” Shah said, outlining the group vision. “We have been looking at that for some time now and haven't quite found the right place where we are very confident of delivering returns that outperform the industry.”
Each group unit has specific
