annual-report-FY2020

366 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 37. Related Party Disclosures (contd.) (a) Names of related parties where transactions have taken place during the year: (contd.) (iv) Close member of KMP and entities controlled/jointly controlled by KMP : Sr. No. Close member of KMP 1. Mrs. Anuradha Mahindra 2. Mrs. Radhika Nath 3. Mrs. Mamta Goenka 4. Mr. Suresh Ram Kishore Goenka 5. Mrs. Shakuntala Kulkarni (upto 08 th August, 2019) 6. Mr. M.M. Venkatachalam 7. Mrs. Aruna Bajaj (upto 08 th August, 2019) 8. Dr. T. N. Gajendran 9. Mrs. Swati Desai Sr. No. Entities controlled/jointly controlled by KMP 1. The Indian & Eastern Engineer Company Private Limited 2. EPIC Television Network Private Limited 3. Empire Products Limited (v) Entity belonging to Promoter/Promoter Group holding 10% or more in the company Sr. No. Name of the Company 1. Prudential Management & Services Private Limited (vi) Welfare Funds: Sr. No. Name of the Funds Sr. No. Name of the Funds 1. M&M Employees’ Welfare Fund 1 3. M&M Employees’ Welfare Fund 3 2. M&M Employees’ Welfare Fund 2 4. Mahindra World School Education Trust (b) The related party transactions are as under : Rupees crores Sl. No. Nature of Transactions For the Year Ended 31 st  March Associates/ Associates of Subsidiaries/ Subsidiaries of Associate Joint Ventures/ Joint Ventures of Subsidiaries KMP/KMP Exercising Significant Influence/ close member of KMP Close members of KMP and Entities controlled/ jointly controlled by KMP Entity belonging to Promoter/ Promoter Group holding 10% or more in the company Welfare Funds 1. Purchases : Goods....................................... 2020 2,198.60 168.72 — — — — 2019 2,987.94 158.01 — — — — Property, plant & equipment and Intangible assets.............. 2020 144.47 0.05 — — — — 2019 98.12 0.15 — — — — Services..................................... 2020 451.36 8.45 — — — — 2019 469.13 4.83 — — — — 2. Sales : Goods....................................... 2020 152.84 386.66 — 0.10 — — 2019 633.59 11.98 — — — — Property, Plant and equipment................................ 2020 0.05 — — — — — 2019 — 0.08 — — — —