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'Anand Mahindra capable of taking charge after
Keshub'
16:13 HRS IST


New Delhi, June 13 (PTI) It's business as usual for the USD 7-billion-plus conglomerate Mahindra Group with the
shares of flagship M&M spurting 4.5 per cent last week despite its chairman Keshub Mahindra being sentenced by a
Bhopal court for the Bhopal gas tragedy case.

Reflecting the confidence, analysts say Anand Mahindra is capable of leading the group successfully in the
eventuality of his uncle Keshub, who as non-executive chairman of Union Carbide India was handed over two years
imprisonment for the tragedy that took away 20,000 lives 26 years ago, quits.

CNI Research chairman and managing director K P Ostwal said, "the company is being run professionally and Anand
Mahindra is doing well."

SMC Capitals equity head Jagannadham Thunuguntla echoed similar views: "the next generation of the
Mahindras is quite able to hand the company fairly.

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PTI 13 june 2010

  • 1. 'Anand Mahindra capable of taking charge after Keshub' 16:13 HRS IST New Delhi, June 13 (PTI) It's business as usual for the USD 7-billion-plus conglomerate Mahindra Group with the shares of flagship M&M spurting 4.5 per cent last week despite its chairman Keshub Mahindra being sentenced by a Bhopal court for the Bhopal gas tragedy case. Reflecting the confidence, analysts say Anand Mahindra is capable of leading the group successfully in the eventuality of his uncle Keshub, who as non-executive chairman of Union Carbide India was handed over two years imprisonment for the tragedy that took away 20,000 lives 26 years ago, quits. CNI Research chairman and managing director K P Ostwal said, "the company is being run professionally and Anand Mahindra is doing well." SMC Capitals equity head Jagannadham Thunuguntla echoed similar views: "the next generation of the Mahindras is quite able to hand the company fairly.