Mahindra & Mahindra Management

Management criteria checks 2/4

Mahindra & Mahindra's CEO is Anish Shah, appointed in Apr 2021, has a tenure of 3.58 years. total yearly compensation is ₹242.22M, comprised of 60.4% salary and 39.6% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth ₹599.88M. The average tenure of the management team and the board of directors is 4.4 years and 4.3 years respectively.

Key information

Anish Shah

Chief executive officer

₹242.2m

Total compensation

CEO salary percentage	60.4%
CEO tenure	3.6yrs
CEO ownership	0.02%
Management average tenure	4.4yrs
Board average tenure	4.3yrs

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
Sep 30 2024	n/a	n/a	₹119b
Jun 30 2024	n/a	n/a	₹110b
Mar 31 2024	₹242m	₹146m	₹113b
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 ($USD2.87M) is above average for companies of similar size in the Indian market ($USD1.10M).

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

CEO

Anish Shah (55 yo)

3.6yrs

Tenure

₹242,222,000

Compensation

Dr. Anish Dilip Shah is President of Federation of Indian Chambers of Commerce and Industry from December 2023. He serves as Group CEO of Mahindra and Mahindra Limited since 2024 and was its Chief Executiv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anand Mahindra	Non-Executive Chairman & Member of Group Executive Board	35yrs	₹51.50m	0.17% ₹ 5.7b
Anish Shah	MD, Group CEO	3.6yrs	₹242.22m	0.018% ₹ 599.9m
Rajesh Jejurikar	Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board	11.6yrs	₹192.48m	0.010% ₹ 347.6m
Manoj Bhat	Member of Group Executive Board	no data	₹57.80m	no data
Narayan Shankar	Compliance Officer & Company Secretary	18.1yrs	₹22.40m	0.0046% ₹ 154.5m
Amarjyoti Barua	President & Group Chief Financial Officer & Member of Executive Board	less than a year	no data	0.00025% ₹ 8.4m
Ruzbeh Irani	President of Group Human Resources & Member of the Group Executive Board	14.8yrs	no data	0.010% ₹ 334.2m
Hemant Sikka	President of Farm Equipment Sector & Member of Group Executive Board	4.4yrs	no data	0.011% ₹ 375.2m
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	0.00040% ₹ 13.4m
Mohit Kapoor	Group Chief Technology Officer & Member of the Group Executive Board	4.1yrs	no data	0.0033% ₹ 110.8m
Amit Sinha	MD, CEO of Mahindra Holidays and Resorts	no data	no data	no data

4.4yrs

Average Tenure

55yo

Average Age

Experienced Management: 500520's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anand Mahindra	Non-Executive Chairman & Member of Group Executive Board	35yrs	₹51.50m	0.17% ₹ 5.7b
Anish Shah	MD, Group CEO	4.6yrs	₹242.22m	0.018% ₹ 599.9m
Rajesh Jejurikar	Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board	4.6yrs	₹192.48m	0.010% ₹ 347.6m
Padmasree Warrior	Independent Non-Executive Director	less than a year	no data	no data
Muthiah Murugappan	Independent Director	4.3yrs	₹5.00m	no data
Ranjan Pant	Non-Executive & Non-Independent Director	less than a year	no data	no data
Thothala Manoharan	Independent Director	8yrs	₹6.18m	no data
Shikha Sharma	Independent Director	1.8yrs	₹5.80m	no data
Nisaba Godrej	Independent Director	4.3yrs	₹5.06m	no data
Sat Bhanoo	Non-Executive & Non-Independent Director	less than a year	no data	no data

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 500520's board of directors are considered experienced (4.3 years average tenure).

Mahindra & Mahindra Management

Management criteria checks 2/4

Key information

Recent management updates

Key Executive recently sold ₹24m worth of stock

Board Member recently sold ₹10m worth of stock

Mahindra & Mahindra Limited Announces Haigreve Khaitan Requests Not to Be Considered for Another Term on the Board, Effective August 8, 2024

Mahindra & Mahindra Limited Announces Haigreve Khaitan Requests Not to Be Considered for Another Term on the Board

Mahindra Group Appoints of Ankit Todi as Group Chief Sustainability Officer

Insider recently sold ₹22m worth of stock

Recent updates

Key Executive recently sold ₹24m worth of stock

Second quarter 2025 earnings released: EPS: ₹28.43 (vs ₹21.07 in 2Q 2024)

Mahindra & Mahindra Limited to Introduce Two Pioneering Electric Brands, XEV and BE on the Electric Origin INGLO architecture

Mahindra & Mahindra Limited to Report Q2, 2025 Results on Nov 07, 2024

Mahindra & Mahindra Limited Provides Update on Tax Litigation

Board Member recently sold ₹10m worth of stock

Mahindra & Mahindra Limited Launches All-New Veero, Redefining the LCV<3.5 T Segment

Mahindra & Mahindra Limited Unveils the All-New Thar ROXX At High-Ooctane Rock Music in Kochi

Mahindra & Mahindra Limited Announces Haigreve Khaitan Requests Not to Be Considered for Another Term on the Board, Effective August 8, 2024

Mahindra & Mahindra Limited Announces Haigreve Khaitan Requests Not to Be Considered for Another Term on the Board

First quarter 2025 earnings released: EPS: ₹29.44 (vs ₹31.50 in 1Q 2024)

Mahindra & Mahindra Limited to Report Q1, 2025 Results on Jul 31, 2024

Mahindra Group Appoints of Ankit Todi as Group Chief Sustainability Officer

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ₹21.10 per share

Insider recently sold ₹22m worth of stock

Insider recently sold ₹141m worth of stock

Price target increased by 9.2% to ₹2,819

Insider recently sold ₹5.3m worth of stock

New minor risk - Insider selling

Board Member recently sold ₹25m worth of stock

Price target increased by 16% to ₹2,357

Dividend increased to ₹21.10

Mahindra & Mahindra Limited, Annual General Meeting, Jul 31, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Mahindra & Mahindra Limited Proposes Dividend for the Year Ended 31 March 2024, Payable After 31 July 2024

Mahindra & Mahindra Limited to Report Q4, 2024 Results on May 16, 2024

Insider recently sold ₹2.0m worth of stock

Insider recently sold ₹5.6m worth of stock

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).

Third quarter 2024 earnings released: EPS: ₹23.86 (vs ₹24.05 in 3Q 2023)

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

Insider recently sold ₹6.7m worth of stock

Insufficient new directors

New minor risk - Insider selling

Board Member recently sold ₹4.0m worth of stock

Second quarter 2024 earnings released: EPS: ₹21.07 (vs ₹24.93 in 2Q 2023)

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

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

New major risk - Revenue and earnings growth

Insider recently sold ₹4.1m worth of stock

Insider recently sold ₹1.9m worth of stock

Insufficient new directors

Mahindra & Mahindra Limited Announces Proactive Inspection of Select XUV Products

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: ₹31.50 (vs ₹19.74 in 1Q 2023)

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

Upcoming dividend of ₹16.25 per share at 1.0% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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

Insider recently sold ₹1.0m worth of stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

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

Insider recently sold ₹12m worth of stock

Insider recently sold ₹8.1m worth of stock

Third quarter 2023 earnings released: EPS: ₹24.05 (vs ₹17.89 in 3Q 2022)

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

Insider recently sold ₹3.4m worth of stock

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.

Insider recently sold ₹380k worth of stock

Insider recently sold ₹30m worth of stock