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Anand Mahindra, chairman of Mahindra and Mahindra, opened the 80th AGM by welcoming shareholders and introducing the board. He reflected on the past year, describing global uncertainty as 'samudra mantan' and asserting that India and Mahindra have extracted 'amrit' from the churning. He highlighted that India is seen as a credible global partner with scale and stability, citing that approximately a quarter of all iPhones are now manufactured in India. Mahindra reported outstanding results, including patents rising from 56 to over 1,300 in a decade and a ₹15,000 crore investment over 10 years in Nagpur. He warned of persistent uncertainty, calling it 'Mant 2.0', and urged India to become a 'connector economy' and Mahindra to adopt an 'attack mode' strategy of strategic acceleration. He invited shareholder questions, promising responses within days.
Key takeaways
Mahindra's patents grew from 56 to over 1,300 in the last decade.
Announced ₹15,000 crore investment over 10 years in Nagpur, one of the largest in company history.
Approximately a quarter of all iPhones are now manufactured in India.
Mahindra is moving into 'attack mode', strategic acceleration through uncertainty.
India should become a 'connector economy', not non-aligned but multi-aligned.
Good afternoon, Ladies and gentlemen, I want to welcome you all to the 80th annual general meeting of the shareholders of the company and it's my privilege to address all of you as chairman of Mahindra and Mahindra Limited. Since the requisite quorum is present through video conferencing for the annual general meeting, I as the chairman call the meeting to order. Now let me introduce the directors of your company. Lead independent director and chairperson of the governance nomination and remuneration committee and risk management committee, Miss Shikha Sharma, chairman of the audit committee, Mr. MP Vijay Kumar, chairman of the stakeholders relationship committee and the corporate social responsibility committee Mr. Mutaya Murugapan, other independent directors Miss Nisaba Godridge and Miss Samina Hamid. non-executive non-independent directors Mr. Ranjan Pant, Mr. Satpal Bhanu, nominee director from the LIC of India, and wholetime directors group CEO and managing director Dr. Anish Sha, executive director and CEO auto and farm sector Mr. Rajes Jajurikar, Miss Padmashri Warrior independent director of the company is unable to attend the annual general meeting today. Mr. Kusal Leheri, authorized representative from BSR and Company LLP, the statutory auditors. Miss Akriti Sha, authorized representative from Paric and Associates, the secretarial auditors and Mr. Duchan Dav, partner Mess Davian Company, the cost auditor are also present at the meeting. Mr. Sesh Kumar Daga the company secretary of the company is also participating in the meeting through video conferencing. And now I would like to invite Sish to take us through the regulatory matters and general instructions pertaining to this annual general meeting. Over to you Sish.
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Mahindra, A. (2026, July 30). LIVE Mahindra & Mahindra 80th AGM | Anand Mahindra’s Address To Shareholders [Interview transcript]. Business Today. CEOInterviews.AI. https://ceointerviews.ai/interview/1142882/
