annual-report-FY2020

254 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Particulars Face Value Per Unit (Rupees) 2020 2019 Number Rupees crores Number Rupees crores Mahindra do Brasil Industrial Ltda.(quotas)........ BRL 1 2,39,73,450 50.56 2,39,73,450 50.56 Orizonte Business Solutions Limited # .................... 10 — — 2,26,31,262 21.85 Mahindra & Mahindra Contech Limited.............. 10 35,000 0.04 35,000 0.04 Kota Farm Services Limited................................... 10 2,73,420 — 2,73,420 — Mahindra Construction Company Limited........... 10 9,00,000 — 9,00,000 — Officemartindia.com Limited................................. 10 7,49,997 — 7,49,997 — Mitsubishi Mahindra Agricultural Machinery Co., Limited: – Equity share......................................................... NA 1 42.53 1 42.53 – Class A Shares...................................................... NA 3 149.06 3 149.06 Mahindra Waste To Energy Solutions Limited..... 10 1,85,10,000 18.51 1,85,10,000 18.51 Mahindra Telecom Energy Management Services Limited.................................................................... 10 50,000 0.05 50,000 0.05 Mahindra Automotive Mauritius Limited............ EUR 1 9,51,75,001 754.39 3,05,75,001 245.12 Mahindra Bangladesh Private Limited ................ BDT 100 4,20,000 3.57 — — MERU Travel Solutions Private Limited................ 10 3,18,90,157 54.78 — — 12,839.57 10,803.00 Preference shares (classified as equity instruments) 0.01% Compulsory Convertible Cumulative Preference Shares: Orizonte Business Solutions Limited # ................................................................ 10 — — 45,31,972 14.95 — 14.95 12,839.57 10,817.95 (ii) In Trust Securities M&M Benefit Trust................................................. 1,189.42 1,459.77 Sunrise Initiatives Trust.......................................... 62.30 52.30 Mahindra World Motor Driving School Trust...... 0.01 0.01 M&M Fractional Entitlement Trust....................... 0.01 0.01 1,251.74 1,512.09 (iii) In Associate Companies Equity Shares PSL Media & Communications Limited................. 5 19,750 0.01 19,750 0.01 PF Holdings B.V....................................................... EUR 1 1,83,36,050 185.76 1,83,36,050 185.76 185.77 185.77 Preference shares (classified as equity instruments) Series C Preferred shares: Resson Aerospace Corporation............................................................. NA 8,00,402 34.45 8,00,402 34.45 34.45 34.45 220.22 220.22 (iv) In Joint Venture Companies Equity Shares Mahindra Sanyo Special Steel Private Limited.... 10 34,75,264 145.13 34,75,264 145.13 Classic Legends Private Limited............................. 10 10,33,28,000 104.04 8,53,28,000 86.04 Mahindra Aerospace Private Limited................... 10 67,43,70,306 914.19 61,28,70,326 852.69 M.I.T.R.A Agro Equipments Private Limited......... 10 1,02,662 15.99 68,413 8.90 Sampo Rosenlew Oy............................................... NA 1,872 132.35 1,872 132.35 Carnot Technologies Private Limited.................... 10 1,296 1.07 1,296 1.07 6. Investments (contd.) A. Non-Current (contd.)