An announcement is planned before West Ham say farewell to Upton Park at the end of this season, after which they will become anchor tenants of the £701m Olympic Stadium on a 99-year lease.

Although Mahindra is not a household name in Britain, it has annual sales of £11 billion and businesses spanning energy, defence and farm equipment.

This week saw it launch its new electric car in the UK.

The terms of West Ham’s tenancy of the Olympic Stadium, which were finally published last week following a long legal battle, revealed that the club are entitled to 50 per cent of the annual revenue from naming rights above the initial £4m.