New Delhi: Mahindra Group Chairman Anand Mahindra on Thursday hailed teams in his Group companies for charting a new course and getting them back on customary growth trajectory. Mahindra and Mahindra’s stock closed at Rs2,008 on Thursday.
“In December 2019, when the share price had fallen to around Rs500, I vividly recall that at our annual leadership conference (M10) held in Mumbai, the then CFO had issued a clarion call for our stock to be Rs2,000 by 2022,” Anand Mahindra posted on X platform. “Little did we know, of course, that a global pandemic lurked around the corner.”
The next couple of years were challenging for everyone but for the Mahindra Group, “we lived up to our motto -- When the going gets tough, Mahindra gets going.”
According to the chairman, the company overshot the deadline by two years, “but it’s incredibly gratifying to cross this milestone with many more to come”. He then thanked Mahindra Group CEO Dr Anish Shah and Executive Director Rajesh Jejurikar and the teams both in M&M and all Group companies.
