Startup Originals Team
India is on the verge of becoming a global manufacturing powerhouse, said Anish Shah, CEO and Managing Director of Mahindra & Mahindra Group, in the company’s Annual Report for FY 2024-25. Citing India’s expanding infrastructure, youthful workforce, and favourable government policies,
Shah stated, The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse.
He emphasised that India’s opportunity to lead in the global manufacturing space has never been stronger than it is now.
Shah reflected on Mahindra Group’s strong performance and its ambitious goal of becoming a globally recognised brand.
He said, “At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story … we operate in 70 per cent of the country’s GDP and we are aligned with the opportunities this dynamic economy offers.”
He highlighted that the group’s “growth gems” – including businesses like Lifespaces, Susten, and the renewables InvIT – are rapidly scaling and showing strong market presence. Lifespaces is focused on building greener infrastructure, while the renewable energy segment is playing a key role in India’s clean energy transition. The group’s last mile mobility segment is also driving urban electrification through electric passenger and cargo three-wheelers.
Other key businesses such as Mahindra Logistics and Club Mahindra are delivering higher customer value, and verticals like Trucks & Buses and Aerostructures are pursuing aggressive growth strategies. Shah also noted that the group’s newer ventures – such as Accelo, Classic Legends, and Car & Bike – are showing strong potential to generate value in the future.
FY 2024-25 proved to be an outstanding year for Mahindra Group. The company reported a 14% increase in revenue, reaching ₹1,59,211 crore, and a 20% jump in profit after tax, which stood at ₹12,929 crore. Shah added that the group’s core businesses – the auto and farm sectors – continued to grow their market share and profitability, reinforcing their leadership positions. He also mentioned a major highlight: the launch of Mahindra’s Electric Origin SUVs, which he described as redefining quality benchmarks and marking an important step forward in India’s electric vehicle journey.
At Tech Mahindra, the focus was on improving client relationships and operational efficiency, while Mahindra Finance reported a 33% growth in profit along with improved financial stability. Overall, Shah emphasised that the Mahindra Group’s strong and broad-based growth in FY25 reflects stellar execution across all its verticals.
