Friday, 4 May 2012

Anand Mahindra deputed as chairman of IIM-Indore



Anand Mahindra, vice-chairman and managing director of the Rs 40,000 crore Mahindra & Mahindra (M&M) group, may be the next chairman of Indian Institute of Management-Indore. Sources in the know of the development said the Centre has already requested Mahindra in this regard.

The chairman's tenure is normally for five years. IIM-I chairman Jhunjhunwala, whose term was supposed to end on May 31, had put in his papers after differences with the institute's director, N Ravichandran. Jhunjhunwala had questioned the financial integrity of the director. Anand Mahindra is a Harvard graduate and his company was recently in news for becoming the world's largest tractor manufacturers, even surpassing the USA-based company John Deere in respect of volume of production. As per sources, the annual profit of the M&M group goes beyond Rs 5,000 crore.

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