Missed the info session? Here's the presentation. Find out about the Indian business context, learn who the Mahindra Group is, and get more information about the Global Recruit Program.
8. HISTORY 1858 - 1947: Following India’s first struggle for independence, India is placed under direct control of the British Crown and is brought into the British Empire.
9. HISTORY 1947 - 1991: Following the second independence struggle led by Mahatma Gandhi, India gains its independence. The territory is partitioned along religious lines and Pakistan is formed with modern day Bangladesh forming East Pakistan.
10. HISTORY 1991 - Present: India abandons its socialist economy and initiates a series of reforms aimed at liberalization. The economy continues to move towards a free market model in all sectors.
12. INDIA TODAYRapid, Sustained Growth 4th largest economy in the world [PPP] “Some economists think India will grow faster than any other large country over the next 25 years. Rapid growth in a country of 1.2 billion people is exciting, to put it mildly.” The Economist, Sept 30, 2010
14. Rise of the Indian Consumer By 2025… Income levels will almost triple India will become the 5th largest consumer market India’s discretionary spending will increase by 25% India's middle class is expected to increase from 50 million to 583 million India’s aggregate consumption by middle and upper income households will grow nearly 13 times
16. Mahindra is BIG DIVERSIFIED REPUTABLE GROWING RAPIDLY GOING GLOBAL
17. BIG Among India’s 10 largest companies MARKET CAP: $16.4 billion 119,900+ employees 100 countries On India’s SENSEX list of national bellwether stocks
18. Forbes World’s 200 most reputable companies (2009) Mahindra’s stock value has increased 28x since 2002 Revenue Growth (billion USD) 100,000+ Tractors made DEMING PRIZE for Quality REVENUE: $12.5 billion 120,000 employees Averaging 1 corporate acquisition every 100 days Top Gear Manufacturer of the Year award (2008)
19. Forbes World’s 200 most reputable companies (2009) Mahindra’s stock value has increased 28x since 2002 Revenue Growth (billion USD) REPUTED performance partnerships leadership 100,000+ Tractors made DEMING PRIZE for Quality REVENUE: $12.5 billion 120,000 employees Averaging 1 corporate acquisition every 100 days Top Gear Manufacturer of the Year award (2008)
20. REPUTABLE One of India’s most respected companies On Forbes list of “World’s Most Reputable Companies” Deming Prize for manufacturing excellence On Credit Suisse’s list of “27 Great Brands of Tomorrow” Japan Quality Medal #1 or #2 in every sector in domestic market
23. …and UNIFIED Rise brand identity launched in January 2010 Rise unifies Mahindra’s identity across all Group companies and industries Core purpose: to challenge conventional thinking and innovatively use all our resources to drive positive change in the lives of our stakeholders and communities across the world—to enable them to Rise.
25. GROWING RAPIDLY Mahindra stock value has increased 28x since 2002 Profits have tripledin the last 3 years Averaging 1 corporate acquisition every 100 days Vaulted into headlines by acquiring troubled Indian business icon Satyam and recently the South Korean car maker,Ssangyong
26. GOING GLOBAL Boston Consulting Group study 2006 ranks Mahindra among 21 Emerging Global Challengers from fast growing economies worldwide BusinessWeek magazine cover story features Mahindra tractors’ success in the US From exporting to global production: Mahindra now owns factories in India, China, Europe, South Africa, Brazil
55. Mahindra Aerospace – September saw the maiden voyage of India’s first PPP-developed aircraft
56. Directly supplies the assembly lines of the Boeing 737, Gulfstream G150, and the world’s most advanced fighter aircraft, the Lockheed-Martin F-35 Joint Strike FighterSYSTECH SYSTEMS & TECHNOLOGIES
62. Global Recruit Program Structure 24-month program MONTH 1-6 MONTH 6-12 MONTH 12-24 Office of Strategy Management: induction, research, analyst Office of Strategy Management: strategic consulting, marketing, business development Placement in a specific Group Company
63. Office of Strategy Management Internal consultant: Support strategy of Group companies Coordinate Group-wide strategy: Promote synergies and spread best practices; provide “connections” Lead corporate initiatives such as the Rise brand campaign Identify and pursue business opportunities outside existing sectors
65. Compensation: Salaries are commensurate with the level for first-year MBA recruits from leading Indian management institutions. You will make approximately Rs 900,000 for the year plus up to Rs 100,000 in performance pay. Altogether, this equates to about $22,000 not including accommodation, which we cover. Recruits find that this is enough to live on very comfortably in Mumbai with money left over to spend on leave. Duration: Positions are fixed-term assignments of 24 months. Continued employment may be negotiated at the end of this contract. Accommodation: Housing is provided as a part of your package. The company will arrange for accommodation for the duration of your contract period in Bandra, one of Mumbai’s most up-and-coming neighborhoods. Airfare: Mahindra will pay your airfare to and from your assignment in India along with one round trip to your home country during your contract period. Health Insurance: You will receive adequate medical/dental/vision insurance coverage and reimbursement for cash medical expenses. Vacation: You will receive 30 days paid vacation per year.
66. WHAT’S IN IT FOR US? Getting the best talent Creative thinking by bringing different perspectives to the table Improving cultural fluency Mahindra brand ambassadors
67. in it for you? really What’s International work experience Broad industry exposure Strategic experience Living and learning abroad
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69. INTERNATIONAL WORK EXPERIENCE “My generation is the last that will reach top management positions without international experience.” - David Fagiano President & CEO American Mgmt Assoc. “Going overseas to work, particularly to Asia, will be the fastest way to the top in the decade ahead. Learning how to survive and succeed in such turbulent and fast-changing markets can provide invaluable training for young executives on the move.” - Tom Manning Founder and Chairman China Board Directors
70. BROAD WORK EXPERIENCE AshishBakshi | Yale ’10 Mahindra Reva Electric Vehicles Abigail Hein | Brown ’10 Mahindra Corporate Brand Council, Rise John Lee | Cornell ’10 Mergers & Acquisitions
71. BROAD WORK EXPERIENCE Russell Mason | Harvard ’10 Mahindra Lifespaces AshishBakshi | Yale ’10 Mahindra Reva Electric Vehicles Matthew O’Brien| Harvard ’10 Mahindra Reinsurance Brokers Abigail Hein | Brown ’10 Mahindra Corporate Brand Council, Rise John Lee | Cornell ’10 Mergers & Acquisitions Kate Pennington | Cornell ’10 Corporate Brand Council: Rise Campaign
72. LIVING ABROAD A life-changing adventure You will experience many things--boredom will not be one of them
73. Applying to the Global Recruit Program We’ll need your… CV, unofficial transcript, cover letter demonstrating interest in Mahindra and India, and a <500 word writing sample For your school’s application deadlines and on-campus interview dates, please check with your Career Services office.
75. For more information about becoming a Global Recruit: Visit www.mahindragrp.com Follow twitter.com/mahindragrp Email grp@mahindra.com
Editor's Notes
First of all, welcome. Since we’re a small group today, please feel free to ask questions at any point. We can be less formal than a traditional presentation.
The Global Recruit Program is a unique opportunity to gain business experience in a key emerging economy. Opportunities exist to work for MNCs in developing countries, but there are very, very few for working for local business. The best way to learn about business in India is to be embedded in an Indian company. We don’t expect all of you to be India buffs—in fact, before I joined Mahindra my main area of interest was Africa—so I’ll start this presentation by giving you some context about India and Mahindra. Then I’ll cover the program itself, and we can have a Q&A. Again, feel free to jump in at any point.
Over the past 40 years, Asia has risen dramatically in global economic importance. Tiger economies like Hong Kong, Singapore, South Korea and Taiwan are driving rapid growth, aided by China’ and India’s breakneck growth.
So what’s the story behind this growth? Let me give you a brief snapshot of Indian history.
So what’s the story behind this growth? Let me give you a brief snapshot of Indian history.
So what’s the story behind this growth? Let me give you a brief snapshot of Indian history.
But more than just growth, what you’re seeing is a transformation in the structure of society:the growth of a stable middle class.
Population growth favors India’s continued rise. There is a lot of debate about how to reap the population dividend—improving literacy, equalizing gender disparities, improving public education—but it is clear that the potential is there.
Recent growth is driven both organically as our businesses expand and develop, and inorganically due to several high-profile acquisitions over the past few years. The Group is ambitious and expanding rapidly.