Rs 40,000 crore investment will go into renewable energy, with Mahindra Susten planning to invest Rs 35,000 crore over the next five years to develop over 5 gigawatts of solar and hybrid projects.
The Mahindra Group is set to deepen its long-standing relationship with Karnataka, with a planned investment of nearly ₹40,000 crore in the state over the next few years, Chairman Anand Mahindra announced at the Invest Karnataka 2025 event in Bengaluru on February 11.
He emphasized that Karnataka has been an integral part of the group’s journey, with its key businesses including automotive, IT, farm equipment, financial services, and hospitality, firmly rooted in the state.
The Mahindra Group currently employs over 25,000 people directly in Karnataka, and the upcoming investments are expected to create thousands of new jobs.
“Our embodiment with Karnataka is deeply rooted, firmly intertwined. This state has nurtured and supported our businesses, and we have absolute faith in our future here,” Mahindra said, crediting the Karnataka government’s proactive policies, including the New Industrial Policy and the GCC Policy, for fostering a business-friendly environment. He highlighted the state’s appeal for long-term investments, particularly in sectors like renewable energy, aerospace, hospitality, and real estate.
A significant portion of this Rs 40,000 crore investment will go into renewable energy, with Mahindra Susten planning to invest Rs 35,000 crore over the next five years to develop over 5 gigawatts of solar and hybrid projects. These projects are expected to generate 6,000 to 8,000 new jobs, further strengthening Karnataka’s position as a leader in clean energy and sustainable development.
“Karnataka plays a vital role in our renewable energy portfolio. The scale of our upcoming solar and hybrid projects reflects our confidence in the state’s growth trajectory,” Mahindra stated.
Beyond business, Mahindra shared a deeply personal connection with Karnataka, tracing his family’s ties to the region back to the late 1960s, when his parents built a working coffee plantation from scratch in Purtha near Nagamole. “My parents were enchanted by the beauty of Karnataka and wanted to build a base here, close to nature. Eventually, although they came from Punjab and then Mumbai, they were happiest in this land,” he recalled.
Reflecting on his journey from childhood memories to leading one of India’s largest conglomerates, Mahindra expressed a heartfelt sentiment: “I come here today as an investor, but first and foremost, I am just a Kodagu boy coming home.”
With its business-friendly policies, skilled workforce, and strong industrial base, Karnataka continues to attract major investments, reaffirming its status as one of India’s most dynamic economic hubs.