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India’s oldest billionaire Keshub Mahindra passes away at 99.

Keshub Mahindra, India's oldest billionaire and chairman emeritus of Mahindra & Mahindra, passed away on Wednesday aged 99.

  • Mahindra had a net worth of $1.2 billion, according to Forbes.
  • After retiring from his position as Chairman, Mahindra Group, on August 9, 2012, he handed over the reins to his nephew, Anand Mahindra.
  • During the 48 years of his chairmanship, the Mahindra Group expanded from being an automobile manufacturer to other business segments like IT, real estate, financial services and hospitality.
  • He played key roles in forging business alliances with global majors such as the Willys Corporation, Mitsubishi, International Harvester, United Technologies, British Telecom and many others.

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