Despite Rs 17,000 Crore Wealth, Anand Mahindra Still Lives in This Decades-Old House
Anand Mahindra, the prominent Indian industrialist, is known for his simplicity. Despite his immense wealth of Rs 17,000 crore, he still resides in the house once owned by his grandfather, K.C. Mahindra, where the Mahindra Group was initially founded.
- Anand Mahindra’s Wealth: With a net worth of ₹17,000 crore, Anand Mahindra leads the Mahindra Group, which spans across sectors like automobiles, information technology, defense, real estate, and hospitality.
- The Mahindra Group: It consists of 137 companies under its umbrella, yet Mahindra prefers to keep his lifestyle simple.
A Glimpse into Anand Mahindra’s Simple Life
While many wealthy individuals indulge in luxury, Anand Mahindra remains grounded. He continues to live in the same house where the Mahindra Group’s journey began.
- Family Legacy: Anand Mahindra is the grandson of Jagdish Chandra Mahindra, co-founder of Mahindra & Mahindra.
- Choice of Residence: Despite his billion-dollar empire, he has chosen to live in the ancestral home of his grandfather.
The Legacy of K.C. Mahindra’s House
The house where Anand Mahindra resides holds significant value in the history of the Mahindra Group. K.C. Mahindra, Anand’s grandfather, originally rented the house located on Napean Sea Road in Mumbai.
- Early Memories: Though Anand Mahindra wasn’t born when his family moved into this house, it became his childhood home.
- Renovation Threat: Years later, the landlord announced plans to demolish the house. This news deeply affected Anand Mahindra.
The Purchase of ‘Gulistan’
Upon hearing about the demolition, Anand Mahindra took swift action. He bought the house for ₹270 crore, ensuring the preservation of his family’s legacy.
- A Name with Significance: The house, spanning 13,000 acres, was named “Gulistan”, meaning “a garden of flowers.”
- A Place of Comfort: Since purchasing it, Anand Mahindra has continued to call Gulistan his home.
Through this simple yet meaningful choice, Anand Mahindra shows that family history and memories hold far greater value than any material wealth.
