Anish Shah (born 26 December 1969) is an Indian businessman and the chief executive officer and managing director of Mahindra Group.[1][2][3]
Prior to working at the Mahindra Group, Shah led GE Capital India. He also worked for Bank of America's Debit Products business in the US, Bain & Company in Boston, and Citibank in Mumbai. Shah also served as the president of the Federation of Indian Chambers of Commerce & Industry for the 2023-2024 term.[4][5]
Shah was born on 26 December 1969 and raised in Mumbai, Maharashtra, India[6] to the pharmaceutical executive Dilip G Shah,[7][8] founder of Indian Pharmaceutical Alliance.[9] He completed his early schooling from Jamnabai Narsee School,[10] and graduated from Sydenham College of Commerce and Economics.
He completed his post-graduate diploma in management from the Indian Institute of Management Ahmedabad.[11] Shah completed his PhD in finance and accounting from Carnegie Mellon University.[12][13][14]
Shah began his career in Mumbai with Citibank India, and later worked as a strategy consultant at Bain & Company in Boston.[15] According to the company’s leadership profile, he also led Bank of America's Debit Products business.[16] In 2009, he joined GE Capital India as President & CEO after spending about 14 years with GE Capital’s US and global units.[17] In 2014 he was appointed to head Group special projects for the Mahindra Group.[18] In 2019, he took on the role of Deputy Managing Director and Group Chief Financial Officer (CFO).[19][20] He served as Deputy Managing Director and Group Chief Financial Officer (CFO) during a transitional period which commenced in April 2020 before being appointed managing director and CEO of the Mahindra Group in April 2021.[21][22]
In December 2023, Shah took the role of president of the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group.[23]
Additionally, he is co-chair of the India-Australia CEO Council, a member of the Executive Committee of the International Business Council (World Economic Forum) and co-chair of the India Alliance of CEOs for Climate Change (World Economic Forum). He was Chair of the Automotive Governors Council (World Economic Forum) from 2022–24 and a member of the UK Investment Council from 2021-2024.[24][25]
Shah became Managing Director and Chief Executive Officer of the Mahindra Group in April 2021.[26] During Shah’s tenure, Mahindra restructured its portfolio by exiting underperforming international operations, including SsangYong and GenZe.[27]
The company increased investment in its core automotive and farm equipment segments and announced a stronger emphasis on electric mobility.[28] In February 2025, Mahindra launched its electric SUV models the XEV 9e and BE 6, which, according to multiple reports, received around 30,179 bookings on the first day of order opening.[29][30][31]
The group later established a separate electric-vehicle subsidiary, Mahindra Electric Automobile Ltd (MEAL), which attracted investment from Temasek at an estimated valuation of US$9.8 billion.[32]
Shah has stated publicly that electrification is one of Mahindra’s strategic priorities for future growth.[33]
