"Mahindra offers to resign from NACIL board"

On Monday, 21 February 2011, Anand Mahindra who is the vice-chairman of the Mahindra & Mahindra Ltd. offered to resign from the board of NACIL. NACIL which is run state-owned carrier Air-India, citing conflict of interest. NACIL means National Aviation Company of India Ltd. In letter to civil aviation minister Vayalar Ravi, he said that recently Aero-India 2011 which is held in Bangalore has terrified up business opportunity to Mahindra & Mahindra Ltd.  This opportunity was a potential conflict of interest and thereby throws up question of good board practice.

Details Of Mahindra & Mahindra, Live Share Market Price Of Mahindra & Mahindra

Mahindra Group’s Mahindra & Mahindra is the Mumbai based Indian Conglomerate. K.C. Mahindra and J.C.Mahindra both brother along with Malik Ghulam Mohmmed established this company in 1945. But when India gained independence that time Pakistan formed new nation that time Malik Ghulam Mohmmed went to Pakistan. He became the first finance minister of the Pakistan. In 1948 company name changed to Mahindra & Mahindra. Mahindra & Mahindra is set up to manufacture general-purpose utility vehicles.

Mahindra & Mahindra Details:

Company Type: Public

Industry type: Automotive and Farm Equipment

Company founded in: 1945

Headquarters of Company: Mumbai, Maharashtra, India

Offical Website Of Mahindra & Mahindra