For Anand Mahindra, vice-chairman and managing director, Mahindra & Mahindra, 2007 has been an extraordinary year. Not for nothing was he named Business India magazine's Businessman of the Year 2007.
From manufacturing army vehicles and tractors, the Mahindra group has made rapid strides to become India's major force in the SUV (sports utility vehicle) and passenger car segments.
Under Anand Mahindra's stewardship, the company took the route of acquisitions, globalisation, expansion and forged global alliances with Renault of France, Nissan of Japan, and the International Truck and Engine Corporation of the United States. Most of these decisions came about in 2007.
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The most significant decision that Mahindra took in 2007 was leading M&M's entry into the passenger car market, launching the Logan in a tie-up with Renault. The company plans to launch two- and four-door pickups and a sport-utility vehicle in the US soon.
The company is now a $4.5 billion giant, and the best is yet to come.
Photograph: Indranil Mukherjee/AFP/Getty Images
Also read: Anand Mahindra is bizman of year
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