Mahindra Corporate

Major Milestones:

Yearwise Milestones

Automotive:

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1949:

	•		Jeep assembly commenced

1954:

	•		Technical and Financial Collaboration with Willys Overland Corporation to assemble jeep-type vehicles

1965:

	•		Manufacture of Light Commercial Vehicles commenced

1969:

	•		The Company entered the world market with export of utility vehicles and spare parts

1975:

	•		Mahindra Engines developed a indigenous diesel engine for its vehicles to beat the fuel crisis

1979:

	•		License from Automobiles Peugeot, France, for manufacture of XDP 4.90 Diesel Engines.

1984:

	•		Mahindra Hellenic Auto Industries S.A. established - a joint venture in Greece to assemble and market utility vehicles in Europe.

1991:

	•		Introduction of Commander range of vehicles

	•		Mahindra Financial Services Limited established as a wholesale fund provider.

1993:

	•		Armada range of vehicles launched.

1994:

	•		Mahindra Allwyn Nissan Limited merged with the Company.

1995:

	•		Technical collaboration with Mitsubishi / Samcor to manufacture the Mitsubishi L300.

1996:

	•		Mahindra Ford India Limited established - a joint venture with Ford Motor Company, USA, to manufacture passenger cars.

1999:

	•		Launch of Bijlee, a battery-operated, environmental-friendly 3-wheeler.

	•		The largest online used vehicle website in India launched by Mahindra Network Services.

2000:

	•		Mahindra Auto Specialities Limited established - a new 100% subsidiary.

	•		Bolero GLX (a utility vehicle) launched in response to the needs of urban consumers.

2001:

	•		Champion, a 3-wheeler diesel vehicle, launched.

	•		Mahindra MaXX launched, a MUV positioned with the caption ‘Maximum Space, Maximum Comfort’

2002:

	•		Scorpio launched, a new generation, world-class sports utility vehicle that redefined the SUV market and lived up to its positioning: 'Nothing else will do'.

2003:

	•		Invader launched - a sporty open top vehicle

	•		MaXX Pik Up launched

	•		Scorpio received a National Award for Research & Development.

2004:

	•		Bolero and Scorpio launched in Latin American, Middle East and South African markets

2005:

	•		Mahindra & Mahindra became the first Indian auto manufacturer to launch the Common Rail Diesel Engine (CRDe), offering it on the Scorpio

	•		Mahindra Renault Limited established - a joint venture with Renault to manufacture and market Logan, a mid-sized sedan, in India.

	•		Mahindra International Limited established - a Joint Venture with International Truck and Engine Corporation to manufacture trucks & buses in India

Farm Equipment

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1963:

	•		International Tractor Company of India established - a joint venture with International Harvester Company, USA

1971:

	•		International Harvester collaboration ended

1977:

	•		International Tractor Company of India merged with Mahindra & Mahindra to become its Tractor Division

1982:

	•		Mahindra brand of tractors launched.

	•		Siro Plast Limited established.

1983:

	•		Mahindra & Mahindra became market leader in Indian Tractor Market, a position it has retained till date

1994:


	•		Mahindra USA Inc. established for distribution of tractors in the USA.

1999:

	•		The Company acquired major stake in Gujarat Tractors and renamed it Mahindra Gujarat Tractors Limited

2000:

	•		Mahindra & Mahindra set up its first satellite tractor plant at Rudrapur.

	•		A new age tractor, Mahindra Arjun 605 DI (60 HP), launched.

2003:

	•		A second tractor assembly plant set up in USA

	•		Mahindra & Mahindra Tractors awarded the prestigious Deming Prize for excellence in quality, making it the first tractor company in the world to receive the award

	•		India's first Turbo tractor launched Mahindra Sarpanch 595 DI Super Turbo

	•		Mahindra & Mahindra ventured into Industrial engine business.

2004:

	•		Mahindra World Tractor(75 HP) launched in the International market.

	•		Signed MoU to enter into Joint Venture with Jiangling Motor Company Group (JMCG) of China to acquire tractor manufacturing assets from Jiangling Tractor Company, a subsidiary of Jiangling Motor Company Group

	•		Mahindra & Mahindra became the first Indian company to achieve sales of one million tractors

2005:

	•		Farm Equipment Sector launched operations in Australia

	•		Acquired 80% stake in thejoint venture with Jiangling Motors i.e. in Mahindra (China) Tractor Company

Trade & Financial Services

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1991:

	•		Mahindra Financial Services Limited. (MMFSL) established as a wholesale fund provider

1992:

	•		Merged diverse activities of Steel, Machine Tools and Graphics into Intertrade Division TELE &SOFTWARE

1999:

	•		Mahindra & Mahindra Financial Services Limited became a subsidiary of Mahindra & Mahindra

	•		Mahindra Intertrade Limited established as the trading arm of the Group

Systech

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1948:

	•		Steel Trading business commenced, in association with suppliers in UK

1958:

	•		Machine Tools Division commenced operations

1960:

	•		Mahindra Sintered Products Limited established - a joint venture with Bir Field (GKN Group, UK).

1962:

	•		Mahindra Ugine Steel Company established - a joint venture with Ugine Kuhlmann, France

1965:

	•		Manufacture of light commercial vehicles commenced.
	•		Vickers Sperry of India Limited established - a joint venture with Sperry Rand Corporation, USA.

1970:

	•		Mahindra Engineering & Chemical Products Limited commenced operations

1982:

	•		Siro Plast formed

1987:

	•		Acquired International Instruments Limited

1989:

	•		Automotive Pressing Unit (now Mahindra Ugine Steel Company Limited) acquired from GKN.

1993:

	•		Mahindra Steel Service Centre Limited established in association with Mitsubishi Corporation and Nissho Iwai Corporation of Japan.

2003:

	•		Mahindra Engineering Services established

2004:

	•		Systech (earlier known as MSAT) established, to focus on developing components as well as offering engineering services.

2005:

	•		Acquired 51% stake in SAR Transmission Private Limited, a company engaged in manufacture of gears and transmission shafts

Infrastructure Developement

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1993:

	•		Mahindra Acres Consulting Engineers Limited established - a joint venture with Acres International Limited(Canada) to provide multidisciplinary engineering consultancy services.

1994:

	•		Mahindra Realty & Infrastructure Developers Limited established.

1996:

	•		Mahindra Holidays & Resorts India Limited established.

1997:

	•		Mahindra World City Developers Limited established to set up integrated townships

2001:

	•		Mahindra Infrastructure Developers Limited established for development and management of infrastructure projects

	•		Mahindra Lifespaces Developers Limited established for development of corporate property.

Information Technology

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1986:

	•		Tech Mahindra (formerly known as Mahindra British Telecom) established - a joint venture with British Telecommunications Plc (BT), UK, leading the way for the Group's entry into Information Technology .

1993:

	•		Incorporation of Mahindra British Telecom International Inc., USA, a wholly owned subsidiary of Mahindra British Telecom.

1996:


	•		Mahindra Consulting (now Bristlecone) established

1999:

	•		Mahindra Logisoft Business Solutions Limited established

2001:

	•		Mahindra Special Services Group established to provide Information Security.

Corporate

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1945:

	•		2^nd October, Mahindra & Mohammed established

1948:

	•		The Company was renamed Mahindra & Mahindra Limited (M&M)

1950:

•

The first business with Mitsubishi Corporation commenced and 5000 tons of wagon-building plates from Yawata Iron & Steel were supplied.

1953:

	•		Otis Elevator Company (India) was established

1956:

	•		Shares listed on the Bombay Stock Exchange

	•		Dr. Beck & Company established - a joint venture with Dr. Beck & Company, Germany

1957:

	•		Mahindra Owen established - a joint venture with Rubery Owen & Company Limited, UK

1994:

	•		Reorganisation of the Group creating six Strategic Business Units: Automotive, Farm Equipment, Infrastructure, Trade & Financial Services, Information Technology(earlier known as Telecom and Software) and Systech(earlier known as MSAT).

1995:

	•		Mahindra Holding & Finance Limited became a subsidiary of Mahindra & Mahindra to carry out business as an investment company.

1996:

	•		The Company made a Foreign Currency Convertible Bond (FCORPORATE CENTERB) issue of US$ 115 million

1997:

•

Inauguration of the Mahindra United World College of India

2000:

	•		The Company adopted a new logo.

2001:

	•		Mahindra & Mahindra tied up with Renault for Petrol Engines.

	•		A separate division established to provide Defence Solutions

2003:

	•		An alliance formed between Mahindra Defence & Lockheed Martin Information Systems, UK, for Defence Products