Uploaded January 2026 | Updated September 2026, 1 week ago

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The Mahindra Group is an Indian multinational conglomerate that operates across more than 20 industries and covers roughly 70% of India's GDP. It has a presence in aerospace, agriculture, defence, IT services and real estate. CEO Anish Shah is the first non-family member to serve as group CEO since the company's inception in 1945. In this wide-ranging conversation, Shah sits down with David Rubenstein to discuss Mahindra's evolution, India's economic trajectory, geopolitics and Shah's leadership journey. He's on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded September 2 in New York.

Chapters:
00:01:08 - Mahindra Group overview
00:01:55 - Mahindra’s founding and global reach
00:02:20 - India’s economic growth outlook
00:03:43 - India’s population and GDP rank
00:04:06 - US tariffs and trade concerns
00:07:05 - Mahindra’s tractor business
00:09:50 - India vs China for investors
00:12:41 - Shah’s upbringing and education
00:15:39 - Leadership culture at Mahindra
00:19:53 - Mission and performance
00:22:53 - Founders’ principles
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