Mahindra & Mahindra Limited (M&M) is an Indian multinational corporation headquartered in Mumbai, Maharashtra, India. It is one of the largest conglomerates in India, with operations spanning multiple industries, including automotive, farm equipment, aerospace, defense, hospitality, finance, and information technology. Founded in 1945 as a steel trading company, Mahindra & Mahindra has grown into a global powerhouse with a strong presence in over 100 countries.
History
Mahindra & Mahindra was established in 1945 by brothers J.C. Mahindra and K.C. Mahindra, along with Malik Ghulam Muhammad, as Mahindra & Mohammed. Initially, the company started as a steel trading company in Ludhiana, Punjab. In 1947, the company changed its name to Mahindra & Mahindra after Ghulam Muhammad migrated to Pakistan during the partition of India. The company entered the automotive sector in 1947 by assembling Willys Jeeps under license from Willys Overland Corporation, USA. Over the years, Mahindra & Mahindra diversified its business portfolio and emerged as a key player in various sectors.
Business Segments
Mahindra & Mahindra operates through various business segments, including:
Automotive: M&M is a leading manufacturer of automobiles, utility vehicles, and commercial vehicles in India. It offers a wide range of passenger and commercial vehicles under the Mahindra brand.
Farm Equipment: The company is a major player in the farm equipment sector, manufacturing tractors, agricultural machinery, and implements under the Mahindra brand.
Aerospace: Mahindra Aerospace manufactures aircraft, components, and aerospace structures for both civilian and defense applications.
Defense: M&M's defense division focuses on manufacturing and supplying defense equipment, vehicles, and systems to the Indian Armed Forces and international customers.
Hospitality: The company operates in the hospitality sector through its subsidiary, Mahindra Holidays & Resorts India Limited, which offers vacation ownership and resort management services.
Financial Services: Mahindra Finance provides financial products and services, including vehicle financing, personal loans, insurance, and wealth management.
Corporate Social Responsibility (CSR)
Mahindra & Mahindra is committed to corporate social responsibility and sustainability. The company undertakes various CSR initiatives focused on education, healthcare, environmental sustainability, and rural development to uplift communities and create a positive impact on society.
Global Presence
Mahindra & Mahindra has a strong global presence with manufacturing facilities, sales, and distribution networks in various countries across the globe. It exports its products to markets in Asia, Africa, Europe, the Americas, and Oceania.
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