Anand Mahindra offers resorts for quarantine, to contribute 100% salary

The Mahindra Foundation will create a fund to assist the hardest hit in the company's value chain (small businesses & the self employed)

Anand Mahindra
Anand Mahindra, Chairman, Mahindra Group, announced that the Mahindra Group will immediately begin work on manufacturing facilities that can make ventilators
BS Web Team
2 min read Last Updated : Mar 22 2020 | 4:14 PM IST
Chairman of Mahindra & Mahindra, Anand Mahindra on Sunday said that he has decided to contribute his 100 per cent salary to a Fund, formed by the company to help fight against the coronavirus pandemic. He also announced that the Mahindra Group will immediately begin work on manufacturing facilities that can make ventilators. 

"We will encourage associates to voluntarily contribute to the Fund. I will contribute 100% of my salary to it & will add more over the next few months. I urge all our various businesses to also set aside contributions for those who are the hardest hit in their ecosystems," Mahindra said in a tweet.

He also offered Mahindra Holidays resorts as temporary care facilities.

"A lockdown over the next few weeks will help flatten the curve & moderate the peak pressure on medical care.  However, we need to create scores of temporary hospitals and we have a scarcity  of ventilators," he added.

The Mahindra Foundation will create a fund to assist the hardest hit in the company's value chain (small businesses & the self employed). 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :CoronavirusAnand Mahindra salary

Next Story