Anish Shah (born 26 December 1969) is an Indian businessman and the chief executive officer and managing director of Mahindra Group.
Prior to working at the Mahindra Group, Shah led GE Capital India. He also worked for Bank of America's Debit Products business in the US, Bain & Company in Boston, and Citibank in Mumbai. Shah also served as the president of the Federation of Indian Chambers of Commerce & Industry for the 2023-2024 term.
Shah was born on 26 December 1969 and raised in Mumbai, Maharashtra, India to the pharmaceutical executive Dilip G Shah, founder of Indian Pharmaceutical Alliance. He completed his early schooling from Jamnabai Narsee School, and graduated from Sydenham College of Commerce and Economics.
He completed his post-graduate diploma in management from the Indian Institute of Management Ahmedabad. Shah completed his PhD in finance and accounting from Carnegie Mellon University.
Shah began his career in Mumbai with Citibank India, and later worked as a strategy consultant at Bain & Company in Boston. According to the companyâÂÂs leadership profile, he also led Bank of America's Debit Products business. In 2009, he joined GE Capital India as President & CEO after spending about 14 years with GE CapitalâÂÂs US and global units. In 2014 he was appointed to head Group special projects for the Mahindra Group. In 2019, he took on the role of Deputy Managing Director and Group Chief Financial Officer (CFO). He served as Deputy Managing Director and Group Chief Financial Officer (CFO) during a transitional period which commenced in April 2020 before being appointed managing director and CEO of the Mahindra Group in April 2021.
In December 2023, Shah took the role of president of the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group.
Additionally, he is co-chair of the India-Australia CEO Council, a member of the Executive Committee of the International Business Council (World Economic Forum) and co-chair of the India Alliance of CEOs for Climate Change (World Economic Forum). He was Chair of the Automotive Governors Council (World Economic Forum) from 2022âÂÂ24 and a member of the UK Investment Council from 2021-2024.
Shah became Managing Director and Chief Executive Officer of the Mahindra Group in April 2021. During ShahâÂÂs tenure, Mahindra restructured its portfolio by exiting underperforming international operations, including SsangYong and GenZe.
The company increased investment in its core automotive and farm equipment segments and announced a stronger emphasis on electric mobility. In February 2025, Mahindra launched its electric SUV models the XEV 9e and BE 6, which, according to multiple reports, received around 30,179 bookings on the first day of order opening.
The group later established a separate electric-vehicle subsidiary, Mahindra Electric Automobile Ltd (MEAL), which attracted investment from Temasek at an estimated valuation of US$9.8 billion.
Shah has stated publicly that electrification is one of MahindraâÂÂs strategic priorities for future growth.