M&M ropes in Anish Shah from GE Capital
03 July 2014
Mahindra & Mahindra Ltd. (M&M) has appointed Anish Shah as president, group special projects, effective from 1 August 2014. The automobile company will also induct him on the group executive board.
Shah joins M&M from General Electric (GE), where he was president and CEO at GE Capital India since May 2009.
''At a time when our multi-business group is growing exponentially in scale, complexity and geographical reach, we welcome the extensive and diverse global experience that Shah brings to us. We look forward to his being a part of our top management team in our journey to unlock the vast opportunities that lie ahead of us,'' said Mahindra Group chairman Anand Mahindra.
Shah's career at GE spanned 14 years, during which he held several leadership positions at GE Capital's US and global units.
As director, Global Mortgage, he worked in more than 30 countries, and as senior vice president (marketing and product development) at GE Mortgage Insurance, he led product profitability, introduced innovative structures and played a key role in preparing the business for an IPO, as a spinoff from GE.
He also has diverse experience with global businesses beyond GE. He led Bank of America's US debit products business and worked closely with various teams across the Bank to enhance value for the customer.
As a strategy consultant at Bain & Company in Boston, he worked across multiple industries, including banking, oil rigs, paper, paint, steam boilers and medical equipment.
His first role was with Citibank in Mumbai, where he issued bank guarantees and letters of credit as Assistant Manager, Trade Services.