The Vice- Chairman of Mahindra & Mahindra Mr. Anand Mahindra today sent resigned from the board of NACIL. NACIL runs state-Owned Carrier Air India, citing conflict of interest. He sent letter to Civil Aviation Minister Vayalar Ravi, for the board down to resign from the of Board of National Aviation Company of India Ltd (NACIL).
He is resigned for the, Recently Mahindra concluded Aero-India 2011 at Bangalore has thrown up business opportunities for my company Mahindra & Mahindra Ltd, which was a potential conflict of interest and thereby throw up questions of good board practice. It is mentionned in the letter which has been sent to Minister.Anand Mahindra along with Air Chief Marshal Fali H Major (Retd), FICCI Secretary General Amit Mitra, Ambuja Realty Group Chairman Harsh Neotia were inducted as independent directors to the NACIL board.