The David Rubenstein Show Anish Shah
Jan 29, 2026
Anish Shah, Group CEO of the Mahindra Group and the first non-family leader, steers a diversified Indian conglomerate. He talks about Mahindra’s global footprint and managing many industries. He discusses India’s rapid economic growth and incentives for foreign investment. He explores geopolitics, U.S.-India trade dynamics, and the company’s purpose-led initiatives in education and women’s empowerment.
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Consumption-Led Resilience And Partnership Opportunity
- India is largely consumption-driven so some trade barriers hurt less than in export-led economies.
- The bigger opportunity is U.S.-India technology and investment partnerships, not just goods trade.
Tractor Assembly In Texas
- Mahindra assembles smaller tractors for the U.S. from kits and runs an assembly factory in Texas.
- The group is the third-largest U.S. maker in the sub-100hp tractor segment by volume.
Hire, Process, Empower For Diverse Businesses
- Build diverse skillsets by hiring great people and creating robust capital-allocation and strategy processes.
- Empower leaders across businesses so decentralized units can perform effectively.