Mumbai : India’s oldest billionaire and chairman emeritus of Mahindra and Mahindra passes away aged 99. The death comes days after he re-entered the Forbes es list of India’s Richest Billionaires for 2023 with a net work of $1.2 billion.
Keshub Mahindra joined his father’s company in 1942 and became chairman of the group in 1963. He stepped down for active involvement in 2012 after leading the conglomerate for 48 years. His nephew, industrialist Anand Mahindra, was named his successor.
Keshub graduated from Wharton University of Pennyslvania and would later transform the company from an assembler of Willys Jeeps in India to a diversified conglomerate. The group is popular for its tractors and sports utility vehicles and is also present in software services, hospitality and real estate.