Mumbai – In a heartfelt and visionary address to Mahindra Group employees, Chairman Anand Mahindra welcomed the New Year with reflections on the company’s achievements in 2024 and an ambitious outlook for the future. His speech, titled “Manifesting a Better Tomorrow,” emphasized the values of audacity, innovation, and integrity that have propelled the Group to global prominence.
Highlighting the company’s stellar performance, Mahindra celebrated Mahindra & Mahindra being named Company of the Year at the ET Corporate Excellence Awards. “This achievement is a testament to the hard work of every member of the Mahindra family, delivering delight across a diverse range of businesses,” he remarked.
Milestones Achieved: A Year of Growth and Resilience
Mahindra Group’s 2024 success story is woven with remarkable milestones:
- Stock Market Growth: Among NIFTY50 companies, Mahindra & Mahindra recorded the highest compounded annual share price growth since 2002, soaring 77% in 2024 alone.
- Global Rankings: The company became the world’s 11th most valuable automobile manufacturer, leapfrogging several competitors.
- Sustainability Leadership: For the fourth consecutive year, Mahindra was included in the Dow Jones Sustainability World Index, ranking as the highest among automotive OEMs.
Across its business spectrum, Mahindra achieved groundbreaking success:
- Automotive: Electrified the market with two premium electric vehicles that captivated customers and exceeded expectations.
- Renewable Energy: Mahindra Susten built a 3.3GWp pipeline, surpassing its annual target.
- Real Estate: Mahindra Lifespace redefined sustainable development with rapid scaling and high-quality projects.
- Financial Services: Mahindra Finance expanded its loan book to over ₹1.1 lakh crore.
- Agriculture and Technology: The tractor division and Tech Mahindra maintained leadership in their respective fields.
Audacity and Innovation: Keys to the Future
Mahindra attributed the Group’s success to audacity and innovation, traits that define its bold strides in the automotive and renewable energy sectors. “It takes audacity for a traditional SUV company to bet on the uncertain future of EVs, and innovation to blend cutting-edge technology with distinctive design,” he said.
These qualities, he noted, will be vital as Mahindra navigates a shifting global landscape marked by geopolitical uncertainties and evolving economic alliances.
Integrity at the Core
While celebrating audacious goals, Mahindra reinforced the company’s unwavering commitment to integrity. “Our audacity can never come at the cost of our integrity,” he stressed, linking the Group’s long-term resilience to its foundational values of purpose and ethics.
India’s Role in a Changing World
Amid global upheavals, Mahindra projected a confident vision for India’s rising stature on the world stage. He lauded the nation’s robust democracy, political stability, and growing economic potential, positioning India as a keystone in the global supply chain.
“Manifest” – The Word for 2025
Drawing inspiration from the Cambridge Dictionary’s word of the year, “Manifest,” Mahindra urged employees to visualize and actively create a better future. “2024 showcased our ability to convert aspirations into reality. May this momentum carry forward into 2025 and beyond,” he concluded.
With a mix of gratitude for past achievements and optimism for the future, Mahindra wished his employees and their families a prosperous New Year. His message underscored the Group’s vision to rise above challenges, harness opportunities, and lead with purpose.
