Anish Shah also worked with GE for 14 years. He worked in 33 countries for the American firm.
Dr Anish Shah is Mahindra Group's Managing Director and CEO. He joined the Anand Mahindra-owned conglomerate in 2014 as Group President. He rose to the rank of Deputy Managing Director and Group CFO in 2019.
Dr Shah also worked with GE for 14 years. He worked in 33 countries for the American firm. He also founded Bank of America's US Debit Products business. He also worked with Bain and Company in America's Boston.
Anish Shah is a highly educated business leader. He holds a doctorate from the prestigious Carnegie Mellon’s Tepper School of Business. His topic of research was Corporate Governance. He holds two Masters degrees, including MBA from the Indian Institute of Management, Ahmedabad.
Anish Shah's parents were also IIM-Ahmedabad graduates. Shah's father Dilip Shah studied at IIM Ahmedabad in its first batch (1966). His mother, Smita, was in the second batch, one of the two women who joined the business school that year.
Anish Shah passed out of the business school 25 years after his parents.
Dilip Shah became a big name in India's pharmaceutical industry. He passed away in 2019.
The Mahindra Group, in its latest annual report, has sought approvals from its shareholders to decide on increasing the current basic salary of Dr Anish Shah in the range between Rs 30 lakh to Rs 55 lakhs per month. The proposal will be decided on the basis of the recommendations of the shareholders.
This recommendation -- when approved -- will enable the board of the company to award future increases. This salary scale is applicable over a span of the next two years, lasting till the end of the current appointments in April 2025.
The Mahindra Group's revenue in Financial Year 2023 was Rs 1,21,269 crore. The firm's net profit was Rs 10,282 crore.
According to Business Today, his total compensation in FY 2023 was Rs 12.46 crore. He also received Rs 16.44 crore as ESOPs.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Anish Shah passed out of the business school 25 years after his parents. (File)")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}