New Delhi. Anish Shah, CEO and Managing Director of Mahindra & Mahindra Group, has said that despite the complex global geopolitical environment, India is growing rapidly towards becoming a global manufacturing powerhouse. In the group’s annual report of the group, he cited India’s strong infrastructure, youth workforce and favorable policies as the main reason for this success.
Anish Shah said that the current global economic and geopolitical scenario is challenging, but India is in a unique position, which can lead the world’s manufacturing sector.
The Mumbai headquarters has a deep hold in the market with a strong heritage of 80 years and values of the Mumbai headquarters. Shah said that the group is active in 70 percent of the country’s GDP and coincides with India’s fast growing economy opportunities.
Mahindra’s businesses are expanding rapidly. Their lifespaces are developing business green buildings, Susten and Renewables are promoting infection in the energy sector, while their last Mile Mobility initiative towards electrification is helping to reduce pollution in cities.
Mahindra Logistics and Club Mahindra are providing better customer value, while Trucks & Bosses and Aerstructure are growing rapidly. Apart from this, new units like Accelo, Classic Legends, Car & Bike are also moving towards price creation.
FY 2024-25 was extremely successful for the group. Revenue increased by 14 percent and reached ₹ 1,59,211 crore. Pure profit (PAT) increased by 20 percent to ₹ 12,929 crore.
Shah said that the auto and farm sector increased market share and strengthened profitability. The launch of electric origin SUV has proved to be an important milestone in India’s electric vehicle journey.
Tech Mahindra strengthened customer relations and increased operational margin, while Mahindra Finance recorded a 33 percent profit increase with stability.