LIVE Mahindra & Mahindra 80th AGM | Anand Mahindra’s Address To Shareholders

📅 Jul 30, 2026 Business Today 29 MIN 824 VIEWS 4 SEGMENTS · 3 SPEAKERS

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What Anand Mahindra said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Anand Mahindra, chairman of Mahindra and Mahindra, opened the 80th AGM by welcoming shareholders and introducing directors. He reflected on the past year, describing the global situation as a 'samudra mantan' (great churning) and asserting that both India and the company had extracted 'amrit' (nectar) from it. He cited that approximately a quarter of all iPhones are now manufactured in India, signaling the country's growing role in global manufacturing. Mahindra highlighted the company's achievements, including patents granted rising from 56 to over 1,300 in the last decade, and announced a prospective investment of 15,000 crores over 10 years in Nagpur. He noted external recognition, including being named outstanding company of the year at the India Business Leadership Awards and listed among the world's top 50 companies by Time magazine. He cautioned that uncertainty persists, especially in West Asia, and urged a shift from navigation to acceleration, framing the moment as one calling for 'attack mode,' a concept drawn from Formula E racing, meaning strategic acceleration in imperfect conditions.

Key takeaways

Patents granted to Mahindra have grown from 56 to over 1,300 in the last decade.
Mahindra announced a prospective investment of 15,000 crores over 10 years in Nagpur.
Approximately a quarter of all iPhones are now manufactured in India.
Mahindra was named outstanding company of the year at the India Business Leadership Awards and listed among the world's top 50 companies by Time magazine.
Mahindra is moving from navigation to acceleration, adopting an 'attack mode' strategy.

Numbers and commitments

Figure	What it refers to	Type	At
1,300	Patents granted to the company in the last decade	metric	21:44
56	Patents granted a decade ago	metric	21:44
15,000 crores	Prospective investment over 10 years in Nagpur	commitment	21:44
10 years	Duration of the Nagpur investment	timeline	21:44

Chapters

0:00Call to order and director introductions
13:17Regulatory proceedings and e-voting details
21:44Global churning and India's resilience

Narrator 0:45 ↗

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Anand Mahindra 9:34 ↗

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 whole-time 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 of 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.

2 more exchanges in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

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/1143709/

MLA

Anand Mahindra. "LIVE Mahindra & Mahindra 80th AGM | Anand Mahindra’s Address To Shareholders." Business Today, 30 Jul. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1143709/.

BibTeX

@misc{mahindra2026_1143709,
  author       = {Anand Mahindra},
  title        = {LIVE Mahindra \& Mahindra 80th AGM | Anand Mahindra’s Address To Shareholders},
  howpublished = {Interview transcript, Business Today. CEOInterviews.AI},
  year         = {2026},
  month        = {jul},
  url          = {https://ceointerviews.ai/interview/1143709/},
  note         = {Speaker-attributed transcript with timestamps}
}

▶

Key Quotes (4)

“The global economy is moving from old style globalization to more selective partnerships. Supply chains are being reconfigured. Countries are looking for scale, stability, manufacturing capability, talent and trust. And India is increasingly being seen as a credible answer. It has scale. It has a large internal market. It has talent. It has political stability and it has the strategic flexibility ”

▶ 22:44 POLICY

“I would describe this moment as one that calls for an attack mode. And let me explain that. Those who follow Formula E racing, where we participate very significantly, know what the attack mode means. Attack mode is not aggression for its own sake. It's when a driver makes a deliberate choice to accelerate at precisely the right moment, even when conditions are imperfect. In ideal conditions, over”

▶ 27:15

“I would describe this moment as one that calls for an attack mode. Attack mode is not aggression for its own sake. It's when a driver makes a deliberate choice to accelerate at precisely the right moment, even when conditions are imperfect. So attack mode isn't reckless speed. It is strategic acceleration. It is speed backed by preparation, confidence backed by capability, ambition backed by execu”

▶ 27:15

Mentioned in this interview

Shikha Sharma: Lead independent director and chairperson of governance, nomination, and remuneration committee

MP Vijay Kumar: Chairman of the audit committee

Mutaya Murugapan: Chairman of stakeholders relationship committee and CSR committee

Nisaba Godridge: Independent director

Samina Hamid: Independent director

Ranjan Pant: Non-executive non-independent director, reappointed

Satpal Bhanu: Non-executive non-independent director, nominee from LIC of India, reappointed

Anish Sha: Group CEO and managing director

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About Anand Mahindra

Anand Mahindra presided over Mahindra University's fifth annual convocation on September 30, 2026, where 1,309 graduates received degrees and 29 students earned gold medals. In his address, he told graduates that their greatest power is their humanity, arguing that qualities such as ethics, humility, compassion, curiosity, and moral purpose are things only humans can provide. He stated that a degree is evidence of an ability to continue learning rather than proof of what has been learned, and he encouraged graduates to focus on curiosity, critical thinking, integrity, collaboration, and creativity as competitive advantages over AI. At Mahindra Group's 80th Annual General Meeting on August 5, 2026, Mahindra told shareholders that India has held its own in an unpredictable world, citing the country's scale, internal market, talent, political stability, and strategic flexibility as reasons it is increasingly seen as a credible global partner. He noted that approximately a quarter of all iPhones are now manufactured in India and highlighted that patents granted to the company grew from 56 to over 1,300 in the last decade, alongside a planned 15,000 crore investment in Nagpur over 10 years. He described the current moment as one calling for "attack mode," which he defined as strategic acceleration backed by preparation and capability rather than reckless speed, and said the question for India is no longer whether it will rise but how fully it will convert this moment into enduring advantage.

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