annual-report-FY2020

358 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest * Proportion of voting power where different As at 31 st March, As at 31 st March, 2020 2019 2020 2019 Are Villa 3 AB............................................................................................ Sweden 67.63% 65.25% 100.00% 100.00% Holiday Club Sweden Ab Åre................................................................... Sweden 67.63% 65.25% 100.00% 100.00% Holiday Club Sport and Spahotels AB..................................................... Sweden 34.49% 33.28% 51.00% 51.00% Holiday Club Resorts Rus LLC................................................................... Russia 67.63% 65.25% 100.00% 100.00% Holiday Club Canarias Investments S.L.U................................................ Spain 67.63% 65.25% 100.00% 100.00% Holiday Club Canarias Sales & Marketing S.L.U..................................... Spain 67.63% 65.25% 100.00% 100.00% Holiday Club Canarias Resort Management S.L.U.................................. Spain 67.63% 65.25% 100.00% 100.00% Holiday Club Canarias Vacation Club SLU (formerly known as Passsport Sante SL).................................................................................... Spain 67.63% 65.25% 100.00% 100.00% Arabian Dreams Hotel Apartments LLC @.............................................. U.A.E 33.14% 33.14% 49.00% 49.00% Mahindra Two Wheelers Limited............................................................. India 100.00% 92.88% Mahindra Two Wheelers Europe Holdings S.a.r.l................................... Luxembourg 100.00% 100.00% Peugeot Motocycles S.A.S......................................................................... France 100.00% 51.00% Peugeot Motocycles Deutschland GmbH................................................ Germany 100.00% 51.00% 100.00% 100.00% Peugeot Motocycles Italia S.p.A. (under liquidation)............................ Italy 100.00% 51.00% 100.00% 100.00% PMTC Engineering SPA............................................................................. Italy 100.00% 51.00% 100.00% 100.00% Mahindra Tractor Assembly, Inc............................................................... U.S.A. 100.00% 100.00% Mahindra Agri Solutions Limited............................................................. India 98.60% 98.40% Mahindra Susten Bangladesh Private Limited........................................ Bangladesh 100.00% 100.00% Mahindra Summit Agriscience Limited (upto 11 April 2019) ^............. India 98.40% 100.00% Mahindra Automotive Mauritius Limited............................................... Mauritius 100.00% 100.00% Automobili Pininfarina GmbH.................................................................. Germany 100.00% 100.00% Automobili Pininfarina Americas Inc....................................................... U.S.A. 100.00% 100.00% MSPE Urja S.R.L.......................................................................................... Italy 100.00% 100.00% Mahindra EPC Irrigation Limited............................................................. India 54.51% 54.58% Mahindra HZPC Private Limited............................................................... India 59.11% 58.99% 59.95% 59.95% Mahindra Greenyard Private Limited...................................................... India 59.16% 59.04% 60.00% 60.00% OFD Holding B.V........................................................................................ Netherlands 81.93% 81.77% 83.09% 83.09% Origin Direct Asia Ltd............................................................................... Hong Kong 49.16% 49.06% 60.00% 60.00% Origin Fruit Direct B.V............................................................................... Netherlands 81.93% 81.77% 100.00% 100.00% Origin Fruit Services South America SpA................................................ Chile 81.93% 81.77% 100.00% 100.00% Origin Direct Asia (Shanghai) Trading Co. Ltd....................................... China 81.93% 81.77% 100.00% 100.00% Bristlecone Limited.................................................................................... Cayman Islands 75.14% 75.17% Bristlecone Consulting Limited................................................................. Canada 75.14% 75.17% 100.00% 100.00% Bristlecone (Malaysia) Sdn. Bhd............................................................... Malaysia 75.14% 75.17% 100.00% 100.00% Bristlecone International AG.................................................................... Switzerland 75.14% 75.17% 100.00% 100.00% Bristlecone UK Limited.............................................................................. U.K. 75.14% 75.17% 100.00% 100.00% Bristlecone Inc............................................................................................ U.S.A. 75.14% 75.17% 100.00% 100.00% Bristlecone Middle East DMCC................................................................. U.A.E. 75.14% 75.17% 100.00% 100.00% Bristlecone India Limited........................................................................... India 75.14% 75.17% 100.00% 100.00% Bristlecone GmbH....................................................................................... Germany 75.14% 75.17% 100.00% 100.00% 35. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (contd.): (a) Details of the Group’s subsidiaries at the end of the reporting period are as follows: (contd.):