Anish Shah (businessman)
Anish Shah | |
|---|---|
| Born | December 26, 1969 Bombay, India |
| Occupation(s) | Entrepreneur, Business executive |
| Known for | CEO and Managing Director of Mahindra Group; President of Federation of Indian Chambers of Commerce & Industry (2023–2024) |
Anish Shah (born 26 December 1969) is a prominent Indian entrepreneur currently serving as the chief executive officer and managing director of the Mahindra Group. Before joining Mahindra, he held leadership positions at GE Capital India and worked with Bank of America in the United States, Bain & Company in Boston, as well as Citibank in Mumbai. Shah was the President of the Federation of Indian Chambers of Commerce & Industry for the term 2023-2024.
Early life and education
Shah was born in Bombay to Dilip G Shah, a pharmaceutical industry leader and founder of the Indian Pharmaceutical Alliance. He completed his early education at Jamnabai Narsee School. He holds an undergraduate degree from Sydenham College of Commerce and Economics and a postgraduate diploma from the Indian Institute of Management Ahmedabad. Additionally, Shah earned a doctorate in finance and accounting from Carnegie Mellon University.
Career
Shah’s professional journey began with Citibank in Mumbai, after which he joined Bain & Company in Boston. He subsequently led the Debit Products division at Bank of America in the US and spent 14 years in senior roles at GE Capital across both the US and India. In 2014, he was appointed to lead Group Special Projects at the Mahindra Group. By 2019, Shah had advanced to Deputy Managing Director and Group Chief Financial Officer (CFO). Following a transitional phase starting April 2020, he was elevated to managing director and CEO of Mahindra Group in April 2021.
In December 2023, Shah took on the role of President at the Federation of Indian Chambers of Commerce & Industry (FICCI), one of India’s foremost trade bodies and advocacy organizations.
Beyond this, he co-chairs the India-Australia CEO Council, participates on the Executive Committee of the International Business Council at the World Economic Forum, and co-leads the India Alliance of CEOs for Climate Change. Between 2022 and 2024, he chaired the Automotive Governors Council at the World Economic Forum and was a member of the UK Investment Council from 2021 through 2024.
As CEO of Mahindra
During Shah’s tenure as CEO, Mahindra strategically divested from non-core businesses such as SsangYong and GenZe, concentrating efforts on key mobility segments including large SUVs and electric vehicles. The firm enhanced its electric mobility initiatives by introducing electric SUVs XUV9e and BE6 in February 2025, which received over 30,000 bookings on launch day alone. Furthermore, Mahindra separated its electric vehicle division into Mahindra Electric Automobile Ltd (MEAL), securing investment from Temasek with a valuation reaching $9.8 billion. Shah has emphasized that electrification remains a fundamental element driving the group’s future expansion.
Honors and awards
Among Shah’s accolades are:
- Inclusion in Fortune India's list of Best CEOs in their Best CEOs Special Issue - 2023
- Recognition as Entrepreneurial CEO by EY Entrepreneur Year Award in 2024