Vice-Chairman & Managing Director – Mahindra & Mahindra Financial Services, President – Financial Services Sector & Member of the Group Executive Board – Mahindra & Mahindra Limited
Ramesh’s key mandate at Mahindra Group is to drive inclusive growth, aligned to our guiding belief of delivering rural prosperity. He has been instrumental in building Mahindra Finance since 1994 and the experience comes in handy when managing a team of over 30,000 employees, spread across 1,600+ branches in the country. His efforts have led to the creation of a potentially global financial services powerhouse. He has also supported the rapid expansion of Mahindra & Mahindra’s mobility and tractor businesses.
He manages the Financial Services Sector of the Group which includes Mahindra & Mahindra Financial Services Limited, Mahindra Insurance Brokers Limited, Mahindra Rural Housing Finance Limited, Mahindra Asset Management Company Private Limited, and Mahindra Trustee Company Private Limited. He also overviews the operations of Mahindra Finance USA, LLC., which is a U.S. joint venture with De Lage Landen Financial Services Inc., (DLLFS) a wholly-owned subsidiary of the Rabobank Group. The total Assets Under Management (AUM) of the Sector is around Rs. 62,000 Crores (around 9 billion US$).
Ramesh is a key contributor to the Country’s Financial Services Sector and is an active member of the National Committee on Financial Inclusion and Digitisation of Confederation of Indian Industry (CII). He is also a member of the CII National Committee on Leadership & HR. Ramesh chairs the CII WR Task Force Committee on Human Resources and is also the Co-Chairman of the NBFC Committee of IMC Chamber of Commerce & Industry. He is an eminent member of the Banking & Finance Committee of the Bombay Chamber of Commerce and Industry (BCCI), the Finance Industry Development Council (FIDC) and the Taskforce of NBFCs of the Federation of Indian Chambers of Commerce and Industry (FICCI). He also serves on the boards of several Mahindra Group Companies. Apart from being on the various bodies of Financial Services Sector, Ramesh is also on the Advisory Boards of various Educational Institutions like IITB-Washington University, Vidyalankar Institute Of Technology – School Of Management, WeSchools’ PGDM-Rural Management Committee and on the College Development Committee of Vivek College of Commerce.
He is a recipient of various prestigious awards like: ‘Asia Pacific Entrepreneurship Award (APEA) 2017 INDIA’, ‘Best CEO ~ Financial Services Sector Mid Cap’ award by Business Today, ‘CEO – FINANCIAL SERVICES’ at the CEO AWARDs organised by CEO India magazine and was also one of the finalists in the ‘CNBC 15th Asia Business Leaders Awards 2016’ held in Jakarta, Indonesia and was featured in Business Today magazine in the top 40 BFSI CEOs of India.
The Company under his leadership was honored with the Forbes India “Conscious Capitalist of the Year” Award. Mahindra Finance also won the Aon Best Employer Award for 2017 and has featured on the Economic Times-Great Place to Work Institute’s Great Place to Work List for three successive years. Mahindra Finance is ‘amongst the best’ BFSI brands 2018 recognised by The Economic Times. Ramesh holds an MBA degree from Mumbai University and is an alumnus of several management and leadership programs conducted in India, the US, France, and China by institutions like IIM (Bangalore), Michigan Business School, Harvard Business School, and IMD, Switzerland.
He is a contributor at various BFSI forums as a guest speaker, jury member, moderator, and anchor.