At the Invest Karnataka-2025 summit, Anand Mahindra, Chairman of Mahindra Group, revealed that the company intends to invest nearly Rs 40,000 crore in Karnataka over the coming years. Mahindra emphasized the group’s strong commitment to investing in long-term sectors such as renewable energy, aerospace, hospitality, and real estate within the state.
Significant Investments in Renewable Energy and Hospitality
Anand Mahindra shared that Karnataka holds a crucial role in Mahindra Group’s renewable energy goals. Mahindra Susten, a subsidiary, plans to invest Rs 35,000 crore to develop over five gigawatts of solar and hybrid energy projects over the next five years, which will create 6,000-8,000 jobs.
In the hospitality sector, Mahindra Holidays already operates several resorts in Karnataka and is considering expanding into areas like Gokarna and Hampi. The group also plans to invest an additional Rs 1,000 crore, with ongoing discussions with government officials about land aggregation.
Expansion in Defence, Aerospace, and Electric Mobility
Mahindra Defence Services and Mahindra Aerospace are exploring strategic expansion in Karnataka, with investments worth several hundred crores. The state will also serve as a central hub for the group’s electric three-wheeler initiative, a key part of Mahindra’s goal to lead the market in last-mile electric mobility. Karnataka plays a vital role in the company’s R&D, product development, and manufacturing units for this sector.
Real Estate Developments and a Strong Relationship with Karnataka
Mahindra Lifespaces, the group’s real estate arm, is currently developing projects worth over Rs 5,000 crore in Bengaluru and plans to invest another Rs 6,000 crore in the near future. Anand Mahindra acknowledged the long-standing relationship between the Mahindra Group and Karnataka, citing the state’s nurturing policies, including the New Industrial Policy and the Global Capability Centres (GCCs) Policy, which support business growth.
A Personal Connection to Karnataka
Anand Mahindra spoke fondly of his personal connection to Karnataka, particularly to Kodagu, where his family developed a coffee plantation. He recalled spending time in the village of Kutta in the late 1960s, learning valuable life lessons about patience, faith, and growth, which have influenced both his personal life and leadership approach.
He shared that successful coffee cultivation taught him the importance of planting deeply rooted bushes, much like cultivating strong business and personal relationships. Coffee plants thrive under shade trees, reflecting how people and businesses grow when supported by guidance and mentorship. Mahindra also emphasized that coffee’s long maturation period teaches patience and faith, principles he applies in both life and business.
A Bright Future for Karnataka and Mahindra Group
Through continued investment and innovation, Mahindra Group is committed to strengthening its long-term relationship with Karnataka, a state that has become integral to its business success and personal history.
