Anand Mahindra's address to shareholders at M&M's 80th AGM.
What Anand Mahindra said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Anand Mahindra opened the 80th AGM with a call to accelerate strategically amid global uncertainty, describing the moment as an 'attack mode' after navigating a period of churning. He credited India's resilience and growing role in global manufacturing, noting that roughly a quarter of iPhones are now made in India. For Mahindra, he highlighted record results, patents rising from 56 to over 1,300 in a decade, and a prospective investment of 15,000 crores over 10 years in Nagpur. He framed the company's ambition to be among the world's top 50 most admired brands within a decade. Mahindra emphasized the need to be 'multi-aligned' rather than non-aligned, positioning India as a 'connector economy'. He concluded by inviting shareholder questions but noted responses would follow in the coming days.
Key takeaways
Mahindra will be among the world's top 50 most admired brands within the next 10 years.
Company patents grew from 56 to over 1,300 in the last decade.
Investment of 15,000 crores planned over 10 years in Nagpur.
About a quarter of iPhones globally are now manufactured in India.
Company entered an 'attack mode' of strategic acceleration despite uncertainty.
There are no algorithms here. There are no set strategies that you follow and get complete outcomes. It's about people. It's about you. It's about what you set for yourself, what targets you stretch for yourself to achieve. And then last year, as all of you know, we created an even more outrageous ambition, more outrageous aspiration, that in the next 10 years we would be one of the top 50 most admired brands in the world. Still sounds almost surreal, but that's where we want to be.
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 Hammed. 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 Shah. Executive director and CEO auto and farm sector, Mr. Rajesh 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, Mrs. DC Dav and 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 Sesh to take us through the regulatory matters and general instructions pertaining to this annual general meeting. Over to you, Sesh.
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