The Partition of India in 1947 divided not simply the nation however its society too, and lots of companies. One such enterprise was Mahindra & Mohammed, which went on to turn out to be an industrial conglomerate now generally known as M&M.
M&M, or Mahindra & Mahindra, started in British India in 1945 as Mahindra and Mohammed in Ludhiana, Punjab. Kailash Chandra Mahindra and his brother Jagdish Chandra Mahindra (the grandfather of Anand Mahindra, the M&M chairman) based a metal buying and selling firm with Malik Ghulam Muhammad. The corporate manufactured the Willys jeeps in Bombay and Malik Ghulam Muhammad taken care of the corporate’s funds. Two years later, the Partition occurred and Muhammad divested his stake within the firm and migrated to Pakistan.
The accountant who grew to become a politician
It wasn’t as if dealing with the funds at Mahindra & Mohammed ready him for the large function of the finance minister he would get in Pakistan. Malik Ghulam Muhammad was no peculiar businessman. He was truly a bureaucrat who had joined the colonial authorities as a chartered accountant and went on to turn out to be in the course of the Second World conflict the chief controller of shops, the controller-general of buy after which extra secretary to the Division of Provide.
Earlier than he was chosen by Muhammad Ali Jinnah as Pakistan’s finance minister, Muhammad was already a politically well-connected man. Earlier than he joined Mahindra & Mohammed, he had labored as an administrator of Bhopal state beneath its nawab, Hamidullah Khan, and as an advisor to the Nizam of Hyderabad. His providers in the course of the conflict had been recognised by the British authorities and he was even knighted afterward.
Greater than as an accountant, bureaucrat or industrialist, Muhammad got here to be identified for his political shrewdness. He’s thought-about one of many early leaders in Pakistan accountable for eroding the state and its establishments and inspiring the navy, although he’s additionally credited with the primary 5-12 months Plan because the finance minister beneath prime minister Liaquat Ali Khan. Malik Ghulam Muhammad had served as the cupboard secretary with Khan when he was the minister of finance in British India proper earlier than the Partition.
After Khan’s assassination, then governor-general of Pakistan Khawaja Nazimuddin made Malik Ghulam Muhammad the governor-general in his place and nominated himself because the prime minister. However quickly Mohammed dismissed Nazimuddin and put in in his place Muhammad Ali Bogra because the PM. When the constituent meeting tried to border legal guidelines to curb the governor-general’s energy, Malik Ghulam Muhammad dismissed the constituent meeting. As his well being deteriorated he needed to go on depart by appointing a minister, Iskandar Ali Mirza, because the performing governor-general. Mirza, with the assistance of the constituent meeting, dismissed Malik Ghulam Muhammad.
Other than his energy performs, Malik Ghulam Muhammad was additionally identified for making efforts to create an financial bloc of Islamic international locations.
