annual-report-FY2020

116 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Sr. No. Name of the Company Address of the Company CIN/GLN Holding / Subsidiary / Associate % Holding Ф Applicable Section 183 Swaraj Engines Limited Phase IV, Industrial Area, S.A.S. Nagar (Mohali), Punjab L50210PB1985PLC006473 Associate 34.76% 2(6) 184 Offcemart India.com Limited. Gateway Building, Apollo Bunder, Mumbai 400 001 U74999MH2000PLC126610 Associate 50.00% 2(6) 185 Mahindra and Mahindra Contech Limited Mahindra Towers, Dr. G M Bhosale Marg, P. K. Kurne Chowk, Worli, Mumbai-400018 U74140MH1992PLC066606 Associate 23.33% 2(6) 186 Kota Farm Services Limited Mahindra Towers, Worli,Mumbai-400018 U02005MH2001PLC131699 Associate 45.00% 2(6) 187 Tech Mahindra Limited Gateway Building, Apollo Bunder, Mumbai 400 001 L64200MH1986PLC041370 Associate 26.04% 2(6) 188 Mitsubishi Mahindra Agricultural Machinery Co., Ltd. 667-1 Iya, Higashiizumo-cho, Matsue-city, Shimane-prefecture, 699-0195 Japan N.A. Associate 33.33% 2(6) 189 Sampo Rosenlew Oy Konepajanranta 2, P.O.Box 50 FIN- 28101 Pori, Finland N.A. Associate 49.04% 2(6) 190 PF Holdings B.V. Maanplein 7,Gebouw 4, (TP-4), 2516 CK, Den Haag, Netherlands N.A. Associate 40.00% 2(6) 191 M.I.T.R.A Agro Equipments Private Limited Plot -W-184, MIDC Ambad, Nashik, Maharashtra, India, 422010 U29253MH2012PTC330338 Associate 39.01% 2(6) 192 Carnot Technologies Private Limited 103 & 103, 1 st Floor, Plot 952/954, Orbit Plaza CHS New Prabhadevi Road Mumbai City MH 400025 U72300MH2015PTC267700 Associate 22.91% 2(6) 193 ZoomCar Inc 2437, S Fillmore, ST, Denver, Co 80210 N.A. Associate ∑ 2(6) 194 SmartShift Logistics Solutions Private Limited (formerly known as Resfeber Labs Private Limited-name changed with effect from 22 nd July, 2019) Plot No. 107, 2 nd Floor, Western India, Marol Co-operative Industrial Estate, Andheri (East), Mumbai-400059 U74999MH2014PTC306120 Associate 33.49% 2(6) 195 Mahindra Sanyo Special Steel Private Limited 74, Ganesh Apartment, Opp: Sitaladevi Temple, L.J. Road, MAHIM (West), Mumbai-400016. U27310MH2011PTC223696 Associate 22.81% 2(6) 196 Mahindra Ideal Lanka (Private) Limited 299, Union Place, Colombo 02, Sri Lanka N.A. Associate 35.00% 2(6) β Percentage holding in subsidiaries represents aggregate percentage of shares/voting power held by the Company (M&M) and/ or its subsidiaries. ф Percentage shareholding in Associates based on the voting power held by the Company (“M&M”). ∑ Significant Influence is through right to participate in business decisions, arising out of contractual agreement. Additionally the Company holds 3,63,752 compulsory convertible preference shares (CCPS) of Zoomcar India Private Limited (“Zoomcar India”), a Subsidiary of Zoomcar Inc, comprising of approx. 10.03% of the total equity share capital and compulsory convertible preference share capital on a fully diluted basis. Besides, the Company also holds 1,880 Optionally Convertible Debentures of Zoomcar India which are convertible into CCPS of Zoomcar India basis a future round of funding in Zoomcar Inc. All CCPS held by the Company in Zoomcar India would be ultimately convertible into preferred Stock of Zoomcar Inc. Θ Address Changed to 257 Rex Blvd in Auburn Hills, MI, USA post year end. ꝵ Liquidated with effect from 1 st April, 2020. φ Ceased with effect from 15 th April, 2020. ¿ Name changed to Mahindra Manulife Investment Management Private Limited with effect from 19 th May, 2020. ᶴ Name changed to Mahindra Manulife Trustee Private Limited with effect from 19 th May, 2020. # a subsidiary of Mahindra Engineering and Chemical Products Limited ## a subsidiary of Retail Initiative Holdings Limited • a subsidiary of Mahindra Overseas Investment Company (Mauritius) Limited •• a subsidiary of Mahindra Emirates Vehicle Armouring FZ-LLC x a subsidiary of Hisarlar Makina Sanayi ve Ticaret Anonim Ş irketi Ω a subsidiary of Mahindra Automotive North America Inc. £ a subsidiary of Mahindra Vehicle Manufacturers Limited ¥ a subsidiary of Mahindra Intertrade Limited ! a subsidiary of Mahindra Two Wheelers Europe Holdings S.a.r.l. !! a subsidiary of Peugeot Motocycles S.A.S. !!! a subsidiary of Peugeot Motocycles Italia SpA  a subsidiary of Mahindra USA, Inc. ≡ a subsidiary of Mahindra Agri Solutions Limited ≡≡ a subsidiary of Mahindra Fresh Fruits Distribution Holding Company (Europe) B.V ¡ a subsidiary of OFD Holding BV ¡¡ a subsidiary of Origin Direct Asia Ltd ~ a subsidiary of Mahindra Consulting Engineers Limited ζ a subsidiary of Mahindra First Choice Wheels Limited Ø a subsidiary of Mahindra Holdings Limited ØØ a subsidiary of Mahindra First Choice Services Limited ØØØ a subsidiary of Mahindra Susten Private Limited ▲ a subsidiary of Mahindra Renewables Private Limited ± a subsidiary of Bristlecone Ltd. ≤ a subsidiary of Bristlecone India Limited @ a subsidiary of Mahindra Holidays & Resorts India Limited $ a subsidiary of MH Boutique Hospitality Limited @ @ a subsidiary of MHR Holdings (Mauritius) Limited $$ a subsidiary of Covington S.á.r.l. * a subsidiary of Holiday Club Resorts Oy ** a subsidiary of Holiday Club Sweden AB *** a subsidiary of Holiday Club Canarias Investments S.L.U. ð a subsidiary of Mahindra & Mahindra Financial Services Limited ◊ a subsidiary of Mahindra Trucks and Buses Limited ^ a subsidiary of Mahindra Lifespace Developers Limited » a subsidiary of Mahindra World City Developers Limited ∞ a subsidiary of Mahindra Integrated Township Limited ° a subsidiary of Mahindra World City (Maharashtra) Limited ^ ^ a subsidiary of Mahindra Infrastructure Developers Limited ¥¥ a subsidiary of Mahindra Logistics Limited ≈ a subsidiary of SsangYong Motor Company ↑ a subsidiary of Mahindra EPC Irrigation Limited ⌂ a subsidiary of Mahindra Defence Systems Limited ┴ a subsidiary of Mahindra and Mahindra South Africa (Proprietary) Limited ♦ a subsidiary of Mahindra Aerospace Private Limited ■ a subsidiary of Mahindra Aerospace Australia Pty. Limited ▼ a subsidiary of Classic Legends Private Limited  a subsidiary of Mahindra Automotive Mauritius Limited   a subsidiary of Automobili Pininfarina GmbH ε a subsidiary of MERU Travel Solutions Private Limited