Mumbai, January 11, 2017: The $17.8-billion Mahindra Group performed strongly at the prestigious Asiamoney Awards 2016, ranking first in three key categories — ‘Best Overall for Corporate Governance’, ‘Shareholders’ Rights and Equitable Treatment’ and ‘Best for Corporate Social Responsibility’, among all the listed companies in Asia.
The group also ranked third in the ‘Best for Responsibilities of Management and Board of Directors’ category.
These wins reinforce Mahindra’s reputation as a socially responsible Group that has strong, transparent corporate governance practices backed up by robust processes and practices that are benchmarked to the highest global standards.
Asiamoney, one of the region’s most influential and respected magazines, held a perception poll on the corporate governance practices of Asian companies among both ‘buy’ and ‘sell’ side-groups, including fund houses, brokerages and hedge funds. The poll got 182 responses from over 100 institutions across the region.
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.