We aim to build and grow great companies. Our portfolio of businesses is driven by constant innovation, prudence, and creative business models. Our companies benefit from access to not only growth capital, but also our expertise, strategic assistance, and resources.
It's not just about the capital. We believe in supporting ideas that exhibit potential. Through our various councils, we ensure best practices that help strengthen organisational performance. At the same time, our portfolio companies benefit from access to the experience, structured processes, and talent from within the Mahindra Group. Our corporate team provides support to all our portfolio companies by:
Assisting in getting capital at attractive rates
Hiring of mid management and senior people
Including employees in learning and development
Supporting process introduction & improvement
Implementing strategy deployment frameworks like Balanced Scorecard
Introducing measurement processes concerning customers & employees
Utilising quality frameworks to drive process improvement
Pirojshaw (Phil) Sarkari
CEO – Healthcare
Founder and CEO at Avaamo
President & Ceo
Chief Executive Officer
Chief Executive Officer
We support and celebrate innovation, out-of-the-box thinking, well-reasoned risk-taking and reward performance.
We have always believed in doing business with a larger social purpose, keeping in mind the welfare and growth of the communities we serve.
We follow an internal metric called the ‘customer as promoter score’. This is one of the ways in which we measure the success of our businesses by their level of customer-centricity.
Each of our businesses achieves its goal through individual strategy, while keeping a close eye on maintaining quality, every step of the way.
We respect the time and efforts of our stakeholders; and all our policies are designed, keeping their well-being and betterment in mind.
Working at Mahindra Partners allows employees to leverage the organised structure borrowed from the larger Group, while enjoying the dynamic, open culture, similar to that of startups. We leverage individual strengths, consider interest areas of employees, and key business priorities when looking for growth opportunities. We encourage inclusiveness, collaborative learning, and an intrapreneurial approach.
Individual & Collaborative Growth
As a culture, our focus is to help our people grow – individually as well as in teams. Our Learning & Development initiatives and a culture of frequent catchups and knowledge sharing sessions propel us towards this goal.
Fairness & Trust
In tandem with the larger Mahindra Group’s philosophy, we constantly turn to our people, to ensure that all our initiatives tie back to strengthening and honouring the trust our people place in our brand, and that we all leave a positive impact on the lives of all stakeholders.
Innovation & Creativity
When creativity meets innovation, excellence follows. Art is integral to our workspace; our office often features paintings and photographs from local artists as well as our team members. At the same time, as a culture, we are driving innovative thinking and execution across levels.
Diversity & Inclusion
We welcome people from diverse backgrounds, to come work with us. But, to truly drive diversity, we must champion inclusion. And for starters, we are actively driving conversation around how we can make the workplace a safe space for every single employee to be their most authentic self at work.
At Partners, we truly care and are committed to the overall mental, emotional and physical well-being of our employees.
At Mahindra Partners, we just don’t offer great learning opportunities and career opportunities, we also offer a range of benefits (beyond monetary rewards) to our employees and their families.
Learning & Growth
Mahindra Partners offers a plethora of opportunities through different platforms for our employees to learn every day and truly realize their full potential.
Mahindra Leadership University: MLU is committed to building people capability and leaders of tomorrow, for the Group. The University is made up of over 10 academies focusing on building specific leadership and functional skills across the group. These academies include, Leadership Development, Manufacturing, HR, IT, Finance, Innovation, etc.
Digital Learning World: MLU’s digital world offers best in class learning resources curated from partners and universities globally. Employees can access content anytime from anywhere on numerous leadership and functional areas. The platform also tracks progress for each course as well as all the learning assignments signed up by the individual.
Partners Pathshala: This is a learning brand for Mahindra Partners ecosystem that aims to identify common learning requirements from our portfolio companies and design programs based on these needs. This leads to a relevant design of programs, lower costs and better synergy among our companies. We also offer scalable virtual learning programs open to all our employees.
Flagship Leadership Offerings: In addition to all open programs and virtual offerings, there are specific leadership programs across levels. These are especially designed keeping in mind the Mahindra leadership competencies. These programs aim to build not just leadership skills but also diverse perspectives over and beyond one’s business and function.
At Mahindra Partners, we believe in working hard and partying harder! As a team, we like to celebrate often; be it birthday celebrations, festivals, unplanned biryani parties, picnics or our successes. One common interest that binds us all is our love for good food!
Team Outings: Once a year, we go for an exciting outbound team picnic. This includes exploring a new place or activity together, playing fun games, eating good food and loads of laughter. Additionally, we also go for a dinner party once a quarter.
Festivals: Mahindra Partners team is a diverse team and we celebrate all festivals with a lot of enthusiasm- Holi, Eid, Christmas, Parsi New Year, Diwali, etc. The idea is to spend some quality time together and bond over stories and a variety of food.
Monthly Celebrations: Every month we get together to celebrate birthdays and other successes that we have had. Also, as part of our lockdown celebrations, we assign a fun task to everyone once a fortnight. These tasks could include cooking, photography, acting, treasure hunt, and a lot of other fun activities.
There is enough research that shows a strong correlation between beautiful, clutter free office spaces and employee well-being, productivity and creativity. Keeping this in mind, we make conscious efforts to not just maintain our office but also create some beautiful spaces. In every Annual Leadership Conclave, we explore a new art and a local artist and get one painting that signifies Mahindra Partners journey. We have several corners across our office with unique art installations and paintings.
We also have a dynamic photo wall in our cafeteria which includes real pictures clicked by our own employees. This could capture an interesting event, new discovery, nature, a happy moment, people, food, or anything that they would like to share with everyone. These pictures are changed every month.
It is a great pleasure to greet and congratulate the Mahindra Partners Division on its 10th anniversary. This is a business that grew out of the need to manage a seeming conundrum - how do you build and strengthen your traditional businesses while at the same time preparing for the brave new world that is emerging? Our answer to that conundrum was Mahindra Partners.
It combines the old with the new, the internal with the external. It embraces the gamut of business opportunities from steel to maritime mobility to retail to solar. It is an active overseer, a nurturing incubator and a far sighted direct investor.
Its reach is wide and varied, and its businesses represent a patchwork quilt of diversity. Yet there is a strong common thread that binds them and that is their strong adherence to the values and ethics that are the hallmarks of the Mahindra Group.
Mahindra Partners, with its innovative business model, is our doorway to the future . I wish the entire Partners family many more decades of achievement. You have done us proud. May you continue to demonstrate the same exponential growth, while preserving the foundations of innovation, governance and purpose on which you have built your success.
Chairman, Mahindra Group
Reflecting back over 10 years seems an endless horizon, covering a multitude of events – successes and failures. But reflection is a powerful stimulator for looking ahead at fresh horizons with renewed vigor. This brief note will hence combine recollections of the past, and potential for the future.
Mahindra Partners emerged from the thought that a uniquely different corporate model was a real possibility, during a period when Corporate and PE investment funds were the norm. Thus emerged a hybrid model for managing a diverse portfolio –one of active oversight of existing businesses with new incubations in emerging sectors, alongside direct investing in external ecosystems.
In the early days, many traditions were challenged, but the uncompromising embrace of consistently high governance standards, ensured that we managed our investments with integrity, balancing economic goals with good corporate citizenship. This has reflected in the unequivocal respect of every business partner and investor with whom we have collaborated over these many years.
As we are propelled into a virus-fuelled uncertain future, Mahindra Partners continues to rapidly adapt its focus and operating model to the dynamic responses required today - flexibly adjusting the strategies of its existing portfolio to leverage inorganic growth opportunities, along with a focus on the Renewables and Healthcare sectors.
President- Mahindra Partners & Group Legal
Member of The Group Executive Board
Mahindra Partners was born in 2009 with the purpose of enabling the Group to identify and diversify into new businesses and continue providing growth capital and management support to existing businesses so they become sectors of tomorrow.
We are proud to have nurtured and scaled over 20 businesses in diverse sectors and geographies with $1 billion+ in AUM over the past decade.
Our governance model is a quasi-one, combining the best of corporate and PE models. At one end, we bring in patient capital, synergies and brand power from the corporate side. We also bring the agility, speed, alliances, and efficient capital management models from the PE approach.
For all our businesses, we enable the Mahindra Group’s eco-system – our network, vendors, customers, best-practices and knowledge. We do not micro-manage businesses but hire or partner with the right team and back them up. All our businesses must believe in walking the talk and upholding the Mahindra Group’s core values and they should represent the RISE philosophy.
From 2020, our emphasis has moved to the vibrant healthcare sector, and we are looking to identify, create and grow strong businesses in this space. We expect these to play a preeminent role in fulfilling the demand for quality healthcare, and also build on our existing twin investments in home healthcare and eyecare hospitals.