Mahindra & Mahindra Limited

OTCPK:MAHM.F Stock Report

Market Cap: US$36.0b

Mahindra & Mahindra Management

Management criteria checks 3/4

Mahindra & Mahindra's CEO is Anish Shah, appointed in Apr 2021, has a tenure of 5.25 years. total yearly compensation is ₹640.64M, comprised of 33.6% salary and 66.4% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth $5.33M. The average tenure of the management team and the board of directors is 5.3 years and 3.5 years respectively.

Key information

Anish Shah

Chief executive officer

₹640.6m

Total compensation

CEO salary percentage33.55%
CEO tenure5.3yrs
CEO ownership0.01%
Management average tenure5.3yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Anish Shah's remuneration changed compared to Mahindra & Mahindra's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026₹641m₹215m

₹171b

Dec 31 2025n/an/a

₹157b

Sep 30 2025n/an/a

₹142b

Jun 30 2025n/an/a

₹137b

Mar 31 2025₹473m₹165m

₹129b

Dec 31 2024n/an/a

₹124b

Sep 30 2024n/an/a

₹119b

Jun 30 2024n/an/a

₹110b

Mar 31 2024₹242m₹146m

₹113b

Dec 31 2023n/an/a

₹112b

Sep 30 2023n/an/a

₹112b

Jun 30 2023n/an/a

₹116b

Mar 31 2023₹164m₹119m

₹103b

Dec 31 2022n/an/a

₹99b

Sep 30 2022n/an/a

₹92b

Jun 30 2022n/an/a

₹83b

Mar 31 2022₹119m₹87m

₹66b

Dec 31 2021n/an/a

₹59b

Sep 30 2021n/an/a

₹58b

Jun 30 2021n/an/a

₹45b

Mar 31 2021₹94m₹81m

₹40b

Compensation vs Market: Anish's total compensation ($USD6.65M) is below average for companies of similar size in the US market ($USD14.60M).

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

CEO

Anish Shah (57 yo)

5.3yrs
Tenure
₹640,639,000
Compensation

Dr. Anish Dilip Shah was 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 Executi...

Leadership Team

NamePositionTenureCompensationOwnership
Anand Mahindra
Non-Executive Chairman & Member of Group Executive Board36.7yrs₹31.54m0.17%
$ 60.7m
Anish Shah
MD, Group CEO5.3yrs₹640.64m0.015%
$ 5.3m
Rajesh Jejurikar
Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board13.3yrs₹508.92m0.012%
$ 4.2m
Amarjyoti Barua
President & Group Chief Financial Officer & Member of Executive Board2.2yrs₹82.60mno data
Hemant Sikka
MD & CEO of Mahindra Logistics and Member of Group Exe Board1.5yrsno data0.012%
$ 4.1m
Veejay Nakra
President of Farm Equipment Business & Member of Group Executive Boardno datano datano data
Vinod Sahay
Pres of A&Dno datano data0.00061%
$ 219.4k
Mohit Kapoor
Group Chief Technology Officer & Member of the Group Executive Board5.8yrsno data0.0030%
$ 1.1m
Amit Sinha
MD, CEO of Mahindra Holidays and Resortsno datano datano data
Velusamy Ramasamy
Pres. Auto. Bus.no datano data0.0022%
$ 776.8k
Manoj Bhat
Member of Group Executive Boardno data₹19.70mno data
Naveen Kollaickal
General Counselno datano data0.00087%
$ 312.9k
5.3yrs
Average Tenure
55yo
Average Age

Experienced Management: MAHM.F's management team is seasoned and experienced (5.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anand Mahindra
Non-Executive Chairman & Member of Group Executive Board36.7yrs₹31.54m0.17%
$ 60.7m
Anish Shah
MD, Group CEO6.3yrs₹640.64m0.015%
$ 5.3m
Rajesh Jejurikar
Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board6.3yrs₹508.92m0.012%
$ 4.2m
Padmasree Warrior
Independent Non-Executive Director2.2yrs₹10.34mno data
Muthiah Murugappan
Independent Director5.9yrs₹11.04mno data
Ranjan Pant
Non-Executive & Non-Independent Director2.2yrs₹10.56mno data
Shikha Sharma
Lead Independent Director3.5yrs₹11.75mno data
Muthu Raju Paravasa Raju Kumar
Independent Directorless than a year₹5.30mno data
Nisaba Godrej
Independent Director5.9yrs₹10.37mno data
Samina Hamied
Independent Directorless than a year₹4.92mno data
Sat Bhanoo
Non-Executive & Non-Independent Director2.2yrs₹10.12mno data
3.5yrs
Average Tenure
62yo
Average Age

Experienced Board: MAHM.F's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/14 22:10
End of Day Share Price 2026/07/14 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mahindra & Mahindra Limited is covered by 70 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Annamalai Jayaraj360 ONE Capital Market Private Limited
null null360 ONE Capital Market Private Limited
Amey DargudeAmbit Capital