Latest news with #MahindraGroup
Time of India
a day ago
- Business
- Time of India
Big business backs skilling push: Reliance, Adani, Mahindra among firms eye ITI upgrade, Rs 60,000 crore plan gains momentum
At least a dozen large companies have shown interest in partnering with the Union government for the Rs 60,000-crore National Scheme for Industrial Training Institute (ITI) Upgradation. Tired of too many ads? go ad free now Eight of these—including Reliance Group, , Mahindra Group, JK Cement, Jindal Group, Toyota India, Schneider Electric and ArcelorMittal Nippon Steel—have submitted their preferred states and sectoral interests to the Ministry of Skill Development and Entrepreneurship. These partnerships will help set up 'hub and spoke ITIs' to offer industry-aligned skills training, ET reported citing people aware of the matter. Under the hub-and-spoke model, designated ITIs will serve as central hubs for training and resources, while connected vocational institutes (spokes) will access advanced infrastructure and faculty support from the hub. Besides the eight companies that have already submitted proposals, discussions are underway with Larsen & Toubro, Bajaj Auto, and the Aditya Birla Group, as well as major public sector units like Bharat Heavy Electricals Ltd, Mazagon Dock Shipbuilders, and Hindustan Aeronautics Ltd, according to ET. The scheme, cleared by the Union Cabinet in May, aims to upgrade 1,000 ITIs and train two million youth over five years, focusing on sectors aligned with future industry demands. Funding for the initiative includes Rs 30,000 crore from the Centre, Rs 20,000 crore from states, and Rs 10,000 crore from industry. The central government's share will be co-financed 50:50 by the and the Asian Development Bank. Arunkumar Pillai, CEO of NAMTECH (New Age Makers' Institute of Technology), a training initiative by ArcelorMittal Nippon Steel India, said: 'NAMTECH aims to train 500,000 youths by 2028. Tired of too many ads? go ad free now We stand ready to partner with the government to scale this mission and create a globally competitive, future-ready workforce.' An internal ministry presentation, reviewed by ET, showed that JK Cement has proposed to work in Rajasthan, Uttar Pradesh, and Madhya Pradesh, offering skills training in construction, electrical and electronics, renewable energy, and hospitality. Mahindra Group has shortlisted Maharashtra, Madhya Pradesh, and Goa, proposing training in automotive and hospitality. Reliance Group has pitched for work in Maharashtra, Gujarat, and Andhra Pradesh, covering sectors like renewables, retail, advanced manufacturing, and petrochemical engineering. Jindal Group plans to impart training in both traditional and new-age trades in Haryana, Chhattisgarh, Odisha, and Jharkhand. Toyota India has proposed to upgrade ITIs in Karnataka for automobile-related trades, while Adani Group aims to upgrade institutes across Gujarat, Bihar, Madhya Pradesh, Chhattisgarh, Jharkhand, Odisha, and the Northeast for training in areas such as solar power, drones, and port operations.
India Today
a day ago
- Automotive
- India Today
Who is Anish Shah, auto CEO with a 95% salary hike
Dr Anish Shah entered in the top 5 list of highest paid Auto CEOs with a 95% salary hike and his total earnings touched Rs 47.33 crore in FY25. Dr Anish Shah is the Managing Director and Chief Executive Officer of Mahindra Anish Shah has worked closely with all of the group's businesses on key strategic initiatives, built capabilities such as digitisation and data sciences, and enabled synergies across group companies since joining the Mahindra Group in 2014 as Group President (Strategy).advertisementLater, Shah was promoted to GCFO (Group Chief Financial Officer) and Deputy Managing Director in FY20, which was soon followed by Dr Shah becoming Group CEO and MD of the Mahindra group in FY21. Under Dr Shah's leadership, Mahindra & Mahindra moved from fourth to the second spot in India's passenger vehicle market, helped by the success of models like the Scorpio, Thar and the newly launched executive salaries have jumped by 50% in real terms since 2019. Hero MotoCorp chairman and managing director Pawan Munjal remained the highest-paid auto sector CEO in FY25 in India. His total pay stood at Rs 109.41 crore, the same as in Anish Shah, Group CEO and managing director of the Mahindra Group, entered the list of top 5 paid auto CEOs for the first time. He received a 95% hike in pay, with his total earnings touching Rs 47.33 crore in AND EDUCATIONEarlier, from 2009 to 2014, Dr Shah served as President and CEO of GE Capital India, where he oversaw the company's transformation, which included turning around its joint venture SBI his 14-year career with GE, he held a number of executive roles in both the US and international divisions of GE received his Ph.D. from the Tepper School of Business at Carnegie Mellon, where he focused on corporate governance for his addition, he holds a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad, and a master's degree from Carnegie Mellon.- Ends(Written by - Ghanishtha Jodha)
Indian Express
2 days ago
- Automotive
- Indian Express
88-year-old retired IPS officer picks up garbage from Chandigarh roads, Anand Mahindra calls him ‘quiet warrior of the streets'
Inderjit Singh Sidhu, 88, is winning plaudits by leading a cleanliness drive all by himself. A video of the retired Indian Police Service (IPS) officer from the 1964 batch, picking up garbage from the streets of his Sector 49 locality in Chandigarh, emerged on social media, earning praise from several public figures, including Anand Mahindra, chairman of Mahindra Group. The viral video shows Sidhu picking up litter from the streets, collecting the garbage on a cart, and pulling it along the road as the dawn breaks. In an inspiring post, Mahindra highlighted that Sidhu cleans the street every morning at 6 am. 'This clip which was shared with me is about Shri Inder Jit Singh Sidhu of Chandigarh. Apparently, every morning at 6 AM, in the quiet streets of Chandigarh's sector 49, this 88-year-old retired police officer begins his day in service,' the post read. Mahindra further shared that Sidhu was unhappy with the 'low rank' Chandigarh secured in the Swachh Survekshan listing. 'He says he wasn't happy with the 'low rank' Chandigarh got in the Swachh Surekshan listing. But instead of complaining, he chooses action. Each piece of trash he clears is more than just litter removed. It's a statement. A quiet, persistent belief in a better world. A belief in living with meaning, regardless of age or recognition,' the business tycoon wrote. 'In a world often obsessed with youth and speed, his slow but steady footsteps tell us that Purpose doesn't retire. Service doesn't age. A Salute to this quiet warrior of the streets,' he added. Watch here: This clip which was shared with me is about Shri Inder Jit Singh Sidhu of Chandigarh. Apparently, every morning at 6 AM, in the quiet streets of Chandigarh's sector 49, this 88-year-old retired police officer begins his day in service. Armed with nothing but a cycle cart and… — anand mahindra (@anandmahindra) July 22, 2025 The post quickly gained traction, garnering support and applause. 'He proves that true service needs no title or spotlight. His quiet dedication is a reminder that real change begins with action, not complaints. Salute to his spirit,' a user wrote. 'Such a powerful example. Real change doesn't need power or position—just heart and consistency. Big respect to him,' another user commented.
News18
2 days ago
- Business
- News18
Top Indian Companies Line Up To Partner In Rs 60,000-Crore ITI Upgrade Scheme: Report
Last Updated: At least a dozen top Indian companies are in talks to join the Rs 60,000-crore ITI Upgradation Scheme with the Skill Development Ministry At least a dozen leading Indian companies are in talks to partner with the Ministry of Skill Development and Entrepreneurship for the Rs 60,000-crore National Scheme for Industrial Training Institute (ITI) Upgradation, The Economic Times reported, citing people familiar with the matter. Eight corporates — Reliance Group, Adani Group, Mahindra Group, JK Cement, Jindal Group, Toyota India, Schneider Electric, and ArcelorMittal Nippon Steel — have already submitted their preferred states and sectors to the ministry, outlining plans to establish 'hub and spoke" ITIs to enhance skills training, the report said. 'Besides these, discussions are also underway with Larsen & Toubro, Bajaj Auto, Aditya Birla Group, and several major public sector enterprises including Bharat Heavy Electricals Ltd (BHEL), Mazagon Dock Shipbuilders, and Hindustan Aeronautics Ltd (HAL) to take part in the ITI upgradation effort," a source told ET on condition of anonymity. Approved by the Union Cabinet in May, the scheme aims to modernise 1,000 ITIs and train 2 million youth over the next five years. The hub-and-spoke model will allow central ITIs (hubs) to share resources with connected vocational institutes. The financing structure includes Rs 30,000 crore from the Centre, Rs 20,000 crore from states, and ₹10,000 crore from the industry. Half of the central share is expected to be co-financed equally by the Asian Development Bank (ADB) and the World Bank. According to an internal ministry presentation reviewed by ET, JK Cement has proposed to operate in Rajasthan, Uttar Pradesh, and Madhya Pradesh, with a focus on training in construction, electronics, renewable energy, and hospitality. Mahindra Group is keen on ITI upgrades in Maharashtra, Madhya Pradesh, and Goa, focused on the automotive and hospitality sectors. Reliance Group has shortlisted Maharashtra, Gujarat, and Andhra Pradesh for training in renewables, retail, advanced manufacturing, and petrochemical engineering. Jindal Group plans to offer skills in both traditional and new-age trades in clusters across Haryana, Chhattisgarh, Odisha, and Jharkhand. Toyota India is looking to upgrade ITIs in Karnataka for automobile-related training, while Adani Group has identified ITIs across Gujarat, Bihar, Madhya Pradesh, Chhattisgarh, Jharkhand, Odisha, and the Northeast for programmes in solar energy, drone operations, and port management. view comments First Published: July 22, 2025, 07:43 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India Today
2 days ago
- Automotive
- India Today
Nara Lokesh amid language row: Telugu people coolest, speak only development
Amid the ongoing language row in South Indian states and Maharashtra, the Andhra Pradesh IT Minister Nara Lokesh's message to manufacturers — urging them to come and build in the state regardless of their language or food habits — is winning to a tweet hailing him as the "coolest politician in India right now," Chief Minister Chandrababu Naidu's son took to X and wrote: "It's not me, it's the Telugu people who are the coolest. Development is the only language here. Everyone who speaks this language is welcome in AP. " advertisementOn Saturday, Lokesh, inviting the Mahindra Group Chairman Anand Mahindra to set up shop in Andhra Pradesh, the IT minister wrote, "We greatly value your ongoing investments in AP, sir. I look forward to deepening it further. I have been reading about your group's expansion plans in EVs, defence and aerospace manufacturing." In his pitch, Lokesh further highlighted Andhra's welcoming nature. "Also, your workforce will feel most welcome and speak whichever language they wish to," he wrote on X. He further said that Andhra would welcome Mahindra's workforce and 'impress you with our speed and approach.'Lokesh was responding to Mahindra's earlier post stating, "We would be proud to be a partner in Andhra Pradesh's journey. Our teams are already in discussions across multiple sectors, from solar energy to micro-irrigation and of course, tourism."Earlier, Lokesh responded to an advertisement posted by Mahindra Group, saying, "Loved the Telugu ad, sir. AP is a large market for your vehicles and I'm sure the ad would be loved. Speaking of which, why not consider a #Mahindra manufacturing facility in the sunrise state Andhra Pradesh to take advantage of our advanced automotive ecosystem and large market. Would love to host your team and showcase the abundant opportunities available here!"- Ends
