annual-report-FY2020

390 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores SI. No. Name of Subsidiary The date since when subsidiary was acquired (dd/mm/yyyy) Reporting currency Exchange rate Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Gross Turnover Profit/ (Loss) before Tax Provision for Tax Profit/ (Loss) after Tax Proposed Dividend Proportion of ownership interest @ Proportion of voting power where different 145 Retail Initiative Holdings Limited 01/07/2009 INR 1.00 20.55 (157.76) 357.38 494.59 357.37 — (0.05) — (0.05) — 100.00% 146 Mahindra Retail Limited 01/07/2009 INR 1.00 951.46 (582.70) 422.08 53.32 355.48 143.50 (21.48) — (21.48) — 100.00% 147 Mahindra Defence Systems Limited 30/07/2012 INR 1.00 16.72 270.00 426.53 139.81 55.67 318.83 37.32 18.36 18.96 — 100.00% 148 Mahindra Telephonics Integrated Systems Limited 22/04/2013 INR 1.00 50.78 (37.40) 25.46 12.08 — 7.32 (7.48) — (7.48) — 51.00% 149 Mahindra Emirates Vehicle Armouring FZ-LLC 05/08/2010 AED 20.54 20.54 4.24 82.36 57.57 0.05 64.54 0.47 — 0.47 — 88.00% 150 Mahindra Armored Vehicles Jordan, LLC. 31/03/2019 JOD 106.40 0.05 0.15 18.84 18.64 — 17.46 0.15 — 0.15 — 88.00% 100.00% 151 Mahindra First Choice Wheels Limited 24/03/2008 INR 1.00 78.88 21.41 256.55 156.26 30.58 375.81 (7.04) (0.03) (7.01) — 51.00% 152 Mahindra First Choice Services Limited 15/11/1999 INR 1.00 330.00 (383.36) 37.42 90.78 — 109.79 (31.10) — (31.10) — 100.00% 153 Mahindra Namaste Limited 02/01/2010 INR 1.00 9.01 (8.06) 1.13 0.18 — 1.81 0.43 — 0.43 — 88.35% 100.00% 154 Mahindra Integrated Business Solutions Private Limited 18/01/2011 INR 1.00 1.50 8.82 32.98 22.66 0.51 121.02 2.66 0.72 1.94 — 100.00% 155 Mahindra ‘Electoral Trust’ Company 30/12/2013 INR 1.00 0.05 (0.03) 0.03 0.01 — — (0.01) — (0.01) — 100.00% 156 Mahindra eMarket Limited 11/08/2014 INR 1.00 0.80 5.73 14.02 7.49 — 40.17 5.52 1.39 4.13 — 83.47% 100.00% 157 Mahindra MSTC Recycling Private Limited 16/12/2016 INR 1.00 37.20 (14.81) 29.14 6.75 — 5.83 (5.29) 0.10 (5.39) — 50.00% 158 Mahindra Airways Limited 27/07/2016 INR 1.00 2.85 (3.15) 6.77 7.07 1.35 3.75 (0.83) — (0.83) — 100.00% 159 Mahindra Logistics Limited 12/12/2007 INR 1.00 71.54 473.77 1,329.95 784.64 21.41 3,260.90 80.69 25.55 55.14 10.73 58.45% 160 2 x 2 Logistics Private Limited 22/10/2012 INR 1.00 9.01 0.09 37.86 28.76 — 47.42 (1.68) (0.47) (1.21) — 32.15% 55.00% 161 Lords Freight (India) Private Limited 07/08/2014 INR 1.00 2.36 7.26 69.71 60.08 — 204.68 2.17 0.64 1.53 — 48.47% 82.92% 162 Mahindra Aerospace Private Limited 28/02/2008 INR 1.00 751.13 (473.64) 282.68 5.19 280.00 0.16 (318.77) 0.60 (319.37) — 89.78% 163 Mahindra Aerostructures Private Limited 27/01/2011 INR 1.00 428.86 (262.49) 187.27 20.91 — 92.12 (8.62) — (8.62) — 89.78% 100.00% 164 Mahindra Aerospace Australia Pty Limited 08/04/2010 AUD 46.63 556.00 (555.08) 1.03 0.11 — 0.04 (268.48) — (268.48) — 89.78% 100.00% 165 GA8 Airvan Pty Limited $ 27/06/2010 AUD 46.63 0.04 (0.04) — — — — * (0.00) — * (0.00) — 89.78% 100.00% 166 GA200 Pty Limited $ 27/06/2010 AUD 46.63 0.04 (0.04) — — — — * (0.00) — * (0.00) — 89.78% 100.00% 167 Nomad TC Pty Limited $ 27/06/2010 AUD 46.63 0.10 (0.10) — — — — * (0.00) — * (0.00) — 89.78% 100.00% 168 Airvan 10 Pty Limited $ 10/12/2015 AUD 46.63 0.04 (0.04) — — — — * (0.00) — * (0.00) — 89.78% 100.00% 169 Gippsaero Pty Limited 27/06/2010 AUD 46.63 487.27 (515.73) 35.51 63.96 — 52.61 (106.90) — (106.90) — 89.78% 100.00% 170 Airvan Flight Services Pty Limited $ 27/06/2010 AUD 46.63 0.04 (0.04) — — — — * (0.00) — * (0.00) — 89.78% 100.00%