MUMBAI, August 14, 2015 /PRNewswire/ --
Anand Mahindra, Chairman of the USD 16.9 billion Mahindra Group, received an honorary doctorate at the 53rd Convocation of IIT Bombay. Mr. Mahindra was conferred with the Degree of Doctor of Science (Honoris Causa) for his extraordinary commitment in furthering the cause and growth of the automobile industry, and for his significant contribution to the social development of India.
"Everyone says that 'Jugaad' is India's biggest contribution to the world. What I want from all of you is to work towards moving from 'Jugaad' to 'Jhakaas'. This is about thinking differently and not just thinking cheap. 'Jhakaas' is about disruption and sustained disruption requires an educational culture where questioning is encouraged and failure is embraced. I would argue that one of the 'I's in IIT stands for imagination. This is an educational culture where your faculty has created an environment that encourages you to think and provides opportunities to take the creative leaps of faith. So, I urge you all to go out there and focus on this 'I'. This will lead us to not only 'Make in India' but also 'Imagine in India," said Mr. Anand Mahindra, while speaking to the graduating students after receiving the award.
"The Doctor of Science (Honoris Causa) is the highest honour bestowed by IIT Bombay. Over the past two decades, Mr. Mahindra has contributed immeasurably to the development of India's indigenous automotive industry and the success of vehicles like the Scorpio and the XUV500 is testimony to this contribution," said Professor Devang V. Khakhar, Director, IIT Bombay.
Kailash Satyarthi, Nobel Peace Prize Laureate, was the Chief Guest for the occasion and he delivered the Convocation Address to the gathering.
Established in 1958, IIT-B is recognized worldwide as a leader in the field of engineering education and research. Reputed for the outstanding calibre of students graduating from its undergraduate and postgraduate programmes, the institution attracts the best students from the country for its bachelor's, master's and doctoral programmes. Research and academic programmes at IIT Bombay are driven by an outstanding faculty, many of whom are reputed for their research contributions internationally.
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world's largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category in 2013.
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SOURCE Mahindra & Mahindra Ltd