We're not keen on diversifying at this point, says M&M's Anish Shah

Group has ten businesses 'which have lot of potential and can grow', says managing director and CEO-designate.

Anish Shah, managing director and chief executive officer-designate of Mahindra & Mahindra (M&M), tells Shally Seth Mohile in an interview that the group will remain focused on creating value for shareholders. Edited excerpts:

M&M has seen steady improvement in operational performance, but valuation is still at a substantial discount, when do you expect it to catch up?

If we look at what has happened since March, our stock price has more than doubled. It has been driven by our focus on capital allocation. The board’s decision to not invest in SsangYong was important and signaled to our investors that we are serious