From GE to Mahindra: Anish Shah Success Story to Become Top-Paid Auto Executive

Anish Shah CEO salary hike:

Anish Shah, the CEO and Managing Director of Mahindra Group, has entered the list of top 5 highest-paid auto CEOs in India. His salary has surged by 95%, taking his total earnings to Rs 47.33 crore for FY25.

Anish Shah CEO salary hike:

Dr. Shah joined Mahindra Group in 2014 as Group President (Strategy) and has played a significant role in the company’s growth. He has been instrumental in driving key strategic initiatives, building capabilities in areas like digitization, and creating synergies across the group’s various businesses.

In 2020, Dr. Shah became the Group CFO and Deputy Managing Director before being appointed as Group CEO and MD in 2021. Under his leadership, Mahindra & Mahindra has risen from the fourth to the second position in India’s passenger vehicle market, fueled by the success of popular models like the Scorpio, Thar, and the newly launched XUV3XO.

Globally, executive pay has seen a 50% increase since 2019. Despite this, Pawan Munjal of Hero MotoCorp remains the highest-paid auto CEO in India, earning Rs 109.41 crore in FY25.

Dr. Anish Shah’s career began at GE Capital India, where he served as President and CEO from 2009 to 2014. He helped transform the company, including turning around its joint venture, SBI Card. His career with GE also took him to various executive roles in the U.S. and international divisions of GE Capital.

Dr. Shah holds a Ph.D. from Carnegie Mellon University, where he focused on corporate governance. He also has a PGDM from IIM Ahmedabad and a master’s degree from Carnegie Mellon.

His rise to the top reflects his dedication to driving Mahindra’s success and his significant contribution to the auto industry.

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