An acknowledged authority on Home Pest Control, Mr Mahendran has a stellar track record of not only creating profitable businesses, but has also gained a respectable reputation for his exemplary skills in navigating mergers and acquisitions. A Chartered Accountant by profession, Mr Mahendran has completed Advanced Management Programs from Massachusetts Institute of Technology's Sloan School of Management, Northwestern University's Kellogg School of Management and the University of Michigan's Stephen M. Ross School of Business.
Mr Mahendran's trail-blazing career is laden with myriad milestones, some of them being:
To make investments in his personal capacity, in businesses with potential for exponential growth, Mahendran Holdings Pvt. Ltd. was set up in 1995.As an entrepreneur, Mr Mahendran’s business interests were varied:
A beverage company producing packaged drinking water, fruit juices, drinks, premium soda and other related beverages under the brand name CheriO.
A super-specialty cardiac care hospital in Chennai
Set up in partnership with Dr. Bala V. Balachandran (an eminent professor from the Kellogg School of Management, Chicago, USA), today GLIM continues to be ranked as one of India’s top Management schools
In collaboration with two of the largest Private Equity Funds in the world -Goldman Sachs & Mitsui Global Invest, was set up the ‘Global Consumer Products’, a one-of-a-kind FMCG company with a first mover advantage in the Indian consumer space. The three collaborators had committed to invest a minimum of $ 50 Million (Rs. 3.15 Billion) in the start-up company with the mandate to build world class brands in the Indian consumer products space, with products ranging from F&B, Household Care, Chocolates and Confectionary. With an employee strength of over 110 people across a wide range of experience and culture spanning the entire southern part of the Indian Subcontinent, Global CP also has 150 Distributors, 5 C&F Depots and nearly 100 direct and 700 indirect on-ground Sales Team, while continuing to rapidly scale up. ‘LuvIt’ a brand of chocolates was launched in 2015, while ‘CheriO’ – the beverages brand, is poised to hit stores soon.
Having guided the company through its nascent years, Mr Mahendran exited the business in 2019.
Having changed hands between 2009 and 2014, the acquisition of this Pest Management firm, brought Mr. Mahendran back into Household Insecticides — a category that he pioneered. Rechristened as Hicare Services Pvt. Ltd, the company is based in the Indian financial capital of Mumbai, having a pan India presence, employing a little over 2500 people.
Mr. Mahendran is a founding member and former President of the Home Insect Control Association (HICA). He is also a part of several industry forums such as FICCI, CII, Bombay Chamber of Commerce, Crop Care Federation of India and the Pest Control Association of India.