Mahindra Group Chairman Anand Mahindra announced on Tuesday that the group will invest nearly Rs 40,000 in Karnataka over the next few years. In the first session of the Invest Karnataka-2025 Summit, he said that the Mahindra Group is not reluctant to invest in long-term businesses such as Karnataka renewable energy, aerospace, hospitality and real estate.
“We are very pleased to state here today that Mahindra Group plans to invest nearly Rs 40,000 in Karnataka over the next few years,” Anand Mahindra said.
He noted that Karnataka plays an important role in the group’s renewable energy portfolio. Mahindra Susten will invest Rs 35,000 to develop solar and hybrid projects of more than 5 gigawatts over the next five years, creating 6,000-8,000 new jobs.
Mahindra Holidays already operates several resorts in Karnataka, and is valuing further expansion into areas such as Gokarna and Hampi.
Anand Mahindra said, “We intend to invest an additional Rs 1,000 and are in discussion with government officials. We look forward to their support, especially with regard to land aggregation.”
He also said that Mahindra Defense Services and Mahindra Aerospace are investigating the strategic expansion opportunities in the state, with hundreds of crores planned.
As a key step in the group’s mission to electrify India’s last mile industry, Karnataka will serve as a hub for Mahindra’s ambitions, which will continue to be the market leader in electric three-wheel space, he said. The company has filed 60 patent applications, 54 trademarks and 16 design registrations from the state.
“Our last mile mobility business is deeply rooted in Karnataka, with R&D, product development and manufacturing units here,” he added.
Mahindra Lifespaces, the group’s real estate division, is currently developing projects worth over Rs 5,000 in Bengaluru and plans to invest an additional Rs 6,000 in the near future.
Anand Mahindra, which highlighted the deep relationship of the Mahindra group with Karnataka, is similar to the lessons learned at Kodag Coffee Farm.
“The involvement in Karnataka is deeply rooted and firmly intertwined. Most of our companies, including corporate crown jewels, have automation, IT, agricultural equipment, financial services and hospitality. “He said.
He further stated that the relationship between Mahindra Group and Karnataka has thrived over the years thanks to the development, encouragement and support provided by the Karnataka government. Policies such as the new Industrial Policy and the Centre for Global Capacity (GCCS) policy reflect this supportive outlook. “This approach to business gives us confidence in our future here,” he added.
Karnataka pointed out that due to his close connection with Kodagh’s family, he was deeply entwined with his childhood memories. Plantation from scratch.
“In the end they came from Punjab and later moved to Mumbai, but I believe at the end of their lives my parents were happiest in Kutta. The boy from Kodag came to the house. I’m going home,” he said.
Noting that he learned the basics of coffee cultivation by merely observing, Anand Mahindra reflects, in hindsight, the year of coffee farms is transformed.
“Looking at the growth of that coffee taught me the life lessons that have shaped me both as an adult and as a business leader. There’s a lot to be grateful to Karnataka,” he said.
He explains that he has three major lessons from the coffee growing in his life, and Anand Mahindra says that successful coffee cultivation requires bushes carefully planted and deep rooted. He said that.
Another important aspect of coffee is that as coffee bushes thrive under shaded tree shelters, the plants need support to grow. Similarly, people and businesses thrive when raised and supported by people who can provide guidance and protection.
He further emphasized that growing up on the plantation taught him patience and pointed out that coffee would not return in one night.
“It teaches you to have faith. A belief in the future and that hard work will be rewarded. Whether it’s life or business, returns are worth a long gestation period,” he said. I said that.
