India stands uniquely poised to emerge as a global manufacturing powerhouse: Anish Shah

India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical and economic landscape across continents, according to Anish Shah, Group CEO and managing director of Mahindra & Mahindra (M&M).

“With its growing infrastructure, young workforce, and favourable policies, India’s opportunity to lead the world in manufacturing has never been greater,” Shah said in the company’s Integrated Annual Report 2024-25.

Shah said the 80-year-old Mahindra Group remains deeply “anchored in its values and steadfast in its commitment to performance, even amid global uncertainty.” “Our growth is propelled by the India story … we operate in 70% of the country’s GDP and we are aligned with the opportunities this dynamic economy offers,” he said.

In the financial year 2024-25, M&M’s revenue grew by 14%, reaching ₹1,59,211 crore, while profit after tax (PAT) soared 20% to ₹12,929 crore.

“Our Auto and Farm sectors continued to gain market share, expanding their profitability, and reinforcing their leadership positions,” said Shah.

“At Tech Mahindra, we strengthened client relationships and improved operational margins, and Mahindra Finance enhanced stability while achieving an impressive 33% profit growth,” he added.

Mahindra Group’s “growth gems” are scaling rapidly, establishing a strong presence in their respective markets and well on track to delivering the promise of 5x growth, said Shah. M&M “growth gems” include Logistics, Holidays, real estate firm Lifespaces, solar unit Susten, steelmaker Accelo and Classis Legends, the owner of Jawa motorcycle brand, among others.

“Our Lifespaces business is developing greener buildings, Susten and our renewables InvIT are driving the transition to renewable energy, while our Last Mile Mobility venture is driving electrification of passenger and cargo 3 wheelers to reduce pollution in cities,” said Shah.

“Mahindra Logistics and Club Mahindra are delivering greater customer value, while Trucks & Buses and Aerostructures are charting an even more aggressive growth path,” the M&M CEO noted.