Mahindra & Mahindra Management

Management criteria checks 3/4

Mahindra & Mahindra's CEO is Anish Shah, appointed in Apr 2021, has a tenure of 3.08 years. total yearly compensation is ₹164.40M, comprised of 72.6% salary and 27.4% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth $5.15M. The average tenure of the management team and the board of directors is 3.9 years and 4.4 years respectively.

Key information

Anish Shah

Chief executive officer

₹164.4m

Total compensation

CEO salary percentage	72.6%
CEO tenure	3.1yrs
CEO ownership	0.02%
Management average tenure	3.9yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Anish Shah's remuneration changed compared to Mahindra & Mahindra's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹112b
Sep 30 2023	n/a	n/a	₹112b
Jun 30 2023	n/a	n/a	₹116b
Mar 31 2023	₹164m	₹119m	₹103b
Dec 31 2022	n/a	n/a	₹99b
Sep 30 2022	n/a	n/a	₹92b
Jun 30 2022	n/a	n/a	₹83b
Mar 31 2022	₹119m	₹87m	₹66b
Dec 31 2021	n/a	n/a	₹59b
Sep 30 2021	n/a	n/a	₹58b
Jun 30 2021	n/a	n/a	₹45b
Mar 31 2021	₹94m	₹81m	₹40b

Compensation vs Market: Anish's total compensation ($USD1.97M) is below average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Anish's compensation has increased by more than 20% in the past year.

CEO

Anish Shah (54 yo)

3.1yrs

Tenure

₹164,397,000

Compensation

Dr. Anish Dilip Shah is President of Federation of Indian Chambers of Commerce and Industry from December 2023. He serves as Managing Director and Chief Executive Officer of Mahindra and Mahindra Limited s...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anand Mahindra	Non-Executive Chairman & Member of Group Executive Board	34.5yrs	₹26.44m	0.17% ₹ 48.8m
Anish Shah	MD, CEO	3.1yrs	₹164.40m	0.018% ₹ 5.1m
Manoj Bhat	Group CFO & Member of Group Executive Board	3.1yrs	₹56.70m	no data
Rajesh Jejurikar	Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board	11.1yrs	₹127.44m	0.0090% ₹ 2.6m
Narayan Shankar	Senior VP	17.6yrs	₹20.50m	0.0046% ₹ 1.3m
Ramesh Iyer	VC & MD of Mahindra & Mahindra Finan Servs	no data	no data	no data
Ruzbeh Irani	President of Group Human Resources & Member of the Group Executive Board	14.3yrs	no data	0.0055% ₹ 1.6m
Kavinder Singh	MD & CEO of Mahindra Holidays and Member of Group Executive Board	no data	no data	no data
Hemant Sikka	President of Farm Sector & Member of Group Executive Board	3.9yrs	no data	0.0098% ₹ 2.8m
Veejay Nakra	President of Auto Sector & Member of Group Executive Board	no data	no data	no data
Vinod Sahay	President of Aerospace & Defence	no data	no data	0.00018% ₹ 51.8k
Mohit Kapoor	Executive VP of Group Technology & Member of the Group Executive Board	3.6yrs	no data	no data

3.9yrs

Average Tenure

59yo

Average Age

Experienced Management: MHID's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anand Mahindra	Non-Executive Chairman & Member of Group Executive Board	34.5yrs	₹26.44m	0.17% ₹ 48.8m
Anish Shah	MD, CEO	4.1yrs	₹164.40m	0.018% ₹ 5.1m
Rajesh Jejurikar	Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board	4.1yrs	₹127.44m	0.0090% ₹ 2.6m
Ramesh Iyer	VC & MD of Mahindra & Mahindra Finan Servs	no data	no data	no data
Vishakha Desai	Independent Director	12yrs	₹5.58m	0.0011% ₹ 322.4k
Muthiah Murugappan	Independent & Non-Executive Director	3.8yrs	₹4.95m	no data
Vikram Mehta	Lead Independent Director	12yrs	₹6.65m	0.0018% ₹ 518.1k
Haigreve Khaitan	Independent Director	4.8yrs	₹6.35m	no data
Thothala Manoharan	Independent Director	7.5yrs	₹6.23m	no data
Shikha Sharma	Independent Director	1.3yrs	₹5.79m	no data
Nisaba Godrej	Independent & Non-Executive Director	3.8yrs	₹4.86m	no data

4.4yrs

Average Tenure

65yo

Average Age

Experienced Board: MHID's board of directors are considered experienced (4.4 years average tenure).

Mahindra & Mahindra Management

Management criteria checks 3/4

Key information

Recent management updates

Mahindra Mahindra Names Swati Khandelwal as New Senior Vice President and Head - Group Corporate Communications

Mahindra & Mahindra Limited Approves Executive Changes , Effective December 20, 2023

Mahindra & Mahindra Limited, Annual General Meeting, Aug 04, 2023

Mahindra & Mahindra Limited Announces Executive Changes

Mahindra & Mahindra Limited, Annual General Meeting, Aug 05, 2022

Mahindra & Mahindra Group Appoints Manoj Bhat as CFO

Recent updates

M&M Shares Fall 4% as Promoter Likely Sells Stake Via Block Deal

Blue Planet Environmental Solutions Pte. Ltd. completed the acquisition of 80% stake in Mahindra Waste To Energy Solutions Limited from Mahindra & Mahindra Limited (NSEI:M&M).

Mahindra Mahindra Names Swati Khandelwal as New Senior Vice President and Head - Group Corporate Communications

Mahindra & Mahindra Limited to Report Q3, 2024 Results on Feb 14, 2024

Mahindra & Mahindra Limited Approves Executive Changes , Effective December 20, 2023

Mahindra & Mahindra Limited to Report Q2, 2024 Results on Nov 10, 2023

Mahindra & Mahindra Limited Announces Proactive Inspection of Select XUV Products

Mahindra & Mahindra Limited Approves the Dividend for the Year Ended March 31, 2023

M&M Eyes to Acquire More in RBL Bank

Mahindra & Mahindra Limited to Report Q1, 2024 Results on Aug 04, 2023

Ocean Blue Boating Pvt Ltd acquired 81.58% stake in Mahindra Marine Private Limited from Mahindra & Mahindra Limited (NSEI:M&M) for INR 2.

Mahindra & Mahindra Limited, Annual General Meeting, Aug 04, 2023

M&M to Exit Mahindra CIE Automotive Via Block Deal

Mahindra & Mahindra Limited to Report Q4, 2023 Results on May 26, 2023

Mahindra & Mahindra Limited to Report Q3, 2023 Results on Feb 10, 2023

Mahindra & Mahindra Ltd. Launches its First C-Segment Electric SUV, XUV400

Mahindra & Mahindra Ltd., Introduces All-New Range on the Thar

Blue Planet Environmental Solutions Pte. Ltd. agreed to acquire 80% stake in Mahindra Waste To Energy Solutions Limited from Mahindra & Mahindra Limited (NSEI:M&M) for approximately INR 200 million.

Mahindra & Mahindra Limited (NSEI:M&M) completed the acquisition of an additional 17.41% stake in Swaraj Engines Limited (BSE:500407).

Mahindra & Mahindra Limited (NSEI:M&M) agreed to acquire an additional 17.41% stake in Swaraj Engines Limited (BSE:500407) for INR 2.96 billion.

Mahindra & Mahindra Limited (NSEI:M&M) agreed to acquire an additional 17.41% stake in Swaraj Engines Limited (BSE:500407) for INR 2.96 billion.

Mahindra Group and Ontario Teachers' to Jointly Explore the Sale of an Additional 9.99% Stake in Mahindra Susten by May 31, 2023

Mahindra & Mahindra Limited Takes Wraps Off Fun and Fast XUV400 Electric SUV on the Eve of World EV Day

Mahindra & Mahindra Reportedly Weighs Acquisition of General Motors Company's Talegaon Factory

Mahindra & Mahindra Limited Unveils New INGLO EV Platform and Five E-SUVs Under Two EV Brands Showcasing Its Vision for the Future of Electric Mobility

Mahindra & Mahindra Limited Approves Dividend

Mahindra & Mahindra Limited to Report Q1, 2023 Results on Aug 05, 2022

Mahindra & Mahindra Limited (NSEI:M&M) entered into Share Purchase Agreement to acquire 20.87% stake in Sampo-Rosenlew Oy.

Mahindra & Mahindra Ltd., Launches SUV Scorpio-N

Ontario Teachers' Pension Plan Reportedly in Talks to Buy 49% Stake in Mahindra Susten

Mahindra & Mahindra Limited Announces Executive Changes

Mahindra & Mahindra Limited, Annual General Meeting, Aug 05, 2022

Mahindra & Mahindra Limited to Report Q4, 2022 Results on May 28, 2022

Mahindra & Mahindra Limited (NSEI:M&M) signed a Share Purchase Agreement to acquire an additional 8.3% stake in M.I.T.R.A. Agro Equipments Pvt.Ltd. from existing shareholders for INR 70.1 million.

Mahindra & Mahindra Limited to Report Q3, 2022 Results on Feb 10, 2022

Mahindra & Mahindra Limited Launches the New Bolero Neo

Brookfield's Plans to Buy Mahindra Arm Reportedly in Trouble

Mahindra & Mahindra Limited Announces Dividend

Mahindra Gets RBI Nod to Reduce Stake in Ssangyong Motor

Tata, Mahindra, Ashok Leyland Reportedly Eye BEML Stake

Mahindra & Mahindra Group Appoints Manoj Bhat as CFO

M&M and HAAH Reportedly Differ on Ssangyong Stake Sale Plan

Mahindra & Mahindra Limited to Report Q3, 2021 Results on Feb 05, 2021

Mahindra & Mahindra Limited and Ford Motor Company Inc to Not Further Pursue Their Joint Venture Plan

M&M in Talks with HAAH Automotive to Sell Stake in Ssangyong Motor

Mahindra Group Appoints Amit Sinha as President, Group Strategy

Mahindra & Mahindra Limited Announces to Manufacture New Tractor Series Called the K2 At the Company's Tractor Manufacturing Facility At Zaheerabad in the State of Telangana

AXA Reportedly to Sell its Stake in Mahindra Finance's Insurance Broking Arm

Mahindra & Mahindra Limited to Report Q2, 2021 Results on Nov 10, 2020

Mahindra Group Appoints Mohit Kapoor as EVP & Group CTO

Resfeber Labs Pvt. Ltd. completed the acquisition of SmartShift by Mahindra from Mahindra & Mahindra Limited (NSEI:M&M).

Mahindra & Mahindra Limited (NSEI:M&M) agreed to acquire unknown minority stake in Sampo-Rosenlew Oy for €2.1 million.

Mahindra & Mahindra Limited (NSEI:M&M) signed a share purchase agreement to acquire 9.12% stake in Carnot Technologies Private Limited for INR 90 million.

Mahindra & Mahindra Limited to Report Q1, 2021 Results on Aug 07, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age