Anish Shah (businessman)

Anish Shah
Born	(1969-12-26) 26 December 1969 (age 55)[ citation needed ] Mumbai, Maharashtra, India
Alma mater	Mumbai University (B.Com) Indian Institute of Management Ahmedabad (PGDM) Carnegie Mellon University (PhD)
Occupation	Businessman
Known for	Managing Director of Mahindra Group

Anish Shah (born 26 December 1969) is an Indian businessman and the chief executive officer and managing director of Mahindra Group. ^{[1] [2] [3]}

Prior to working at the Mahindra Group, Shah led GE Capital India. He also worked for Bank of America's Debit Products business in the US, Bain & Company in Boston, and Citibank in Mumbai. Shah also served as the president of the Federation of Indian Chambers of Commerce & Industry for the 2023-2024 term. ^{[4] [5]}

Early life and education

Shah was born on 26 December 1969 ^{[ citation needed ]} and raised in Mumbai, Maharashtra, India ^[6] to the pharmaceutical executive Dilip G Shah, ^{[7] [8]} founder of Indian Pharmaceutical Alliance. ^[9] He completed his early schooling from Jamnabai Narsee School, ^[10] and graduated from Sydenham College of Commerce and Economics.

He completed his post-graduate diploma in management from the Indian Institute of Management Ahmedabad. ^[11] Shah completed his PhD in finance and accounting from Carnegie Mellon University. ^{[12] [13] [14]}

Career

Shah began his career in Mumbai with Citibank India, and later worked as a strategy consultant at Bain & Company in Boston. ^[15] According to the company’s leadership profile, he also led Bank of America's Debit Products business. ^[16] In 2009, he joined GE Capital India as President & CEO after spending about 14 years with GE Capital’s US and global units. ^[17] In 2014 he was appointed to head Group special projects for the Mahindra Group. ^[18] In 2019, he took on the role of Deputy Managing Director and Group Chief Financial Officer (CFO). ^{[19] [20]} He served as Deputy Managing Director and Group Chief Financial Officer (CFO) during a transitional period which commenced in April 2020 before being appointed managing director and CEO of the Mahindra Group in April 2021. ^{[21] [22]}

In December 2023, Shah took the role of president of the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group. ^[23]

Additionally, he is co-chair of the India-Australia CEO Council, a member of the Executive Committee of the International Business Council (World Economic Forum) and co-chair of the India Alliance of CEOs for Climate Change (World Economic Forum). He was Chair of the Automotive Governors Council (World Economic Forum) from 2022-24 and a member of the UK Investment Council from 2021-2024. ^{[24] [25]}

As CEO of Mahindra

Shah became Managing Director and Chief Executive Officer of the Mahindra Group in April 2021. ^[26] During Shah’s tenure, Mahindra restructured its portfolio by exiting underperforming international operations, including SsangYong and GenZe. ^[27]

The company increased investment in its core automotive and farm equipment segments and announced a stronger emphasis on electric mobility. ^[28] In February 2025, Mahindra launched its electric SUV models the XEV 9e and BE 6, which, according to multiple reports, received around 30,179 bookings on the first day of order opening. ^{[29] [30] [31]}

The group later established a separate electric-vehicle subsidiary, Mahindra Electric Automobile Ltd (MEAL), which attracted investment from Temasek at an estimated valuation of US$ 9.8 billion. ^[32]

Shah has stated publicly that electrification is one of Mahindra’s strategic priorities for future growth. ^[33]

Recognition

• In 2023, Shah was listed among the "Best CEOs in India" in Fortune India magazine’s annual Best CEOs special issue. ^{[34] [35]}
• In 2024, he was named the “Entrepreneurial CEO” at the EY Entrepreneur of the Year Awards, which recognise business leaders for innovation and growth in India. ^{[36] [37]}

References

1. "Mahindra's Anish Shah touches on global competitiveness, EV push, and export vision". 14 November 2024. Retrieved 13 June 2025.
2. "Who is Anish Shah, the man to succeed Anand Mahindra from 2021". 20 December 2019. Retrieved 13 June 2025.
3. Ghosh, Malyaban (26 March 2021). "Mahindra appoints Anish Shah as the MD and CEO, effective from April 2". mint. Retrieved 13 June 2025.
4. Mishra, Twesh (10 December 2023). "Mahindra's Anish Shah takes over as FICCI President". The Economic Times. Retrieved 13 June 2025.
5. "Dr Anish Shah takes over as FICCI President for 2023-24" . Retrieved 13 June 2025.
6. Lall, Pavan (13 January 2023). "Anish Shah: The man at the wheel". Mint Lounge. HT Media. Retrieved 4 November 2025.
7. "Meet Anish Shah, IIM alumnus whose parents studied at IIM as well, runs Rs 1.22 lakh crore firm, salary is..." Retrieved 19 June 2025.
8. "Anish Shah and the First Family of PGPs (April - 2021)" . Retrieved 19 June 2025.
9. "Pharma veteran DG Shah passed away". 22 February 2019. Retrieved 19 June 2025.
10. Lall, Pavan (13 January 2023). "Anish Shah: The man at the wheel". mint. Retrieved 13 June 2025.
11. "What is Mahindra Group's CEO Anish Shah's monthly salary? Know about his life, family & education". 20 March 2023. Retrieved 13 June 2025.
12. "Engage with CMU" . Retrieved 13 June 2025.
13. Mandavia, Megha (4 May 2017). "A digital evangelist to help Mahindra ride the tech wave". The Economic Times. Retrieved 13 June 2025.
14. "Tata in Forbes' top 20 most reputed firms". Times of India. Archived from the original on 24 March 2016. Retrieved 13 June 2014.
15. "Anish Shah – Agenda Contributor". World Economic Forum. Retrieved 4 November 2025.
16. "DR. ANISH SHAH – Tech Mahindra Leadership Profile" . Retrieved 4 November 2025.
17. "Anish Shah to take over as M&M MD & CEO". The Times of India. 26 March 2021. Retrieved 4 November 2025.
18. "Mahindra appoints Anish Shah as president, Group Special Projects" . Retrieved 13 June 2025.
19. "Anand Mahindra to be non-executive chairman, Anish Shah to succeed Pawan Goenka as MD and CEO of M&M" . Retrieved 13 June 2025.
20. "Anish Shah to helm M&M as MD, CEO". The Hindu. 26 March 2021. Retrieved 13 June 2025.
21. "Anish Shah picked as Mahindra successor" . Retrieved 13 June 2025.
22. "Mahindra management reshuffle: Anish Shah to succeed Pawan Goenka as MD & CEO in 2021". 20 December 2019. Retrieved 13 June 2025.
23. "Mahindra's Anish Shah is next FICCI President". The Economic Times. 24 November 2023. Retrieved 13 June 2025.
24. "UK Investment Council" . Retrieved 13 June 2025.
25. "Anish Shah takes over as FICCI President for 2023-24" . Retrieved 13 June 2025.
26. "Mahindra appoints Anish Shah as the MD and CEO, effective from April 2". Mint. 26 March 2021. Retrieved 4 November 2025.
27. "Anish Shah is breathing new life into Mahindra Group". Forbes India. 4 March 2024. Retrieved 4 November 2025.
28. "Mahindra rides high on SUV success, PV market share rises to 21% in March 2023". ET Auto. 7 March 2023. Retrieved 4 November 2025.
29. "EV frenzy: Mahindra BE 6 & XEV 9e rack up 30k bookings on day 1". The Times of India. 15 February 2025. Retrieved 4 November 2025.
30. "Mahindra BE 6, XEV 9e together record 30,179 bookings on day 1". Autocar India. 14 February 2025. Retrieved 4 November 2025.
31. "Mahindra BE 6 and XEV 9e cumulatively achieve 30,179 bookings on Day 1". CarDekho. 14 February 2025. Retrieved 4 November 2025.
32. "Temasek to invest in Mahindra EV unit at $9.8 billion valuation". The Print. 3 August 2023. Retrieved 4 November 2025.
33. "Five 'growth gems' may be listed in four years: Mahindra and Mahindra's Anish Shah". Mint. 19 December 2022. Retrieved 4 November 2025.
34. "Anish Shah was among the Best CEOs in Fortune India's Best CEOs special issue this year". Fortune India. 25 November 2023. Retrieved 4 November 2025.
35. "FICCI appoints Anish Shah as next president". 25 November 2023. Retrieved 13 June 2025.
36. "EY Entrepreneur of the Year 2024: Anish Shah honoured as Entrepreneurial CEO". Financial Express. 5 March 2025. Retrieved 4 November 2025.
37. "Congratulations to the Shapers of India's future" . Retrieved 13 June 2025.