At the first phygital townhall organised on August 30, 2022, Dr. Anish Shah, MD & CEO, Mahindra Group, was in talks with Puneet Renjhen, EVP - Partnerships & Alliances, who shared his insights on the intriguing process of getting partners like British International Investment (BII) on board.

Here is a quick look at the session highlights:

Some of the Group Updates:

• The Group revenues grew 21% to INR 90,000 crore last year
• Our profit-after-tax almost doubled to INR 6,577 crore
• In the first quarter of this fiscal, we booked 57% growth in revenue to over INR 21,000 crore
• Our Auto business delivered 5 blockbuster vehicles
• Our order book for Scorpio-N is worth $2.3 billion —and we are very proud of it.
• We lead the SUV category in terms of sales volume
• Mahindra Lifespaces now commands a billion-dollar market capitalisation

What the leaders also discussed

• BII invested in us because we were very clear about what we wanted to achieve by doing this transaction
• Mahindra has a very strong product pipeline and is best-in-class in terms of technology
• The BII deal came through because they saw us taking important decisions in quick time.
• Our businesses have a lot of depth and value creation potential
• We’re looking to scale up all our businesses—and partnerships and alliances will be a part of that strategy. So all options, including mergers and acquisitions, are on the table.
• We want our leaders to have “experiences” inside, so movement across businesses is important. We are a Group with presence in 20 industries; we should be able to offer a very diverse set of “experiences” for any leader.
• We want 80 –90% of our senior leaders from within the Group.

We look forward to having you join us at Mahindra Towers in-person or live online from your workplace for the next session on September 13, 3 pm to 4 pm. Keep an eye on your inbox for the Teams meeting link and more details.