annual-report-FY2021

Talent Management, Leadership Development and Performance Management Systems In a diverse group like the Mahindra Group, Talent Management is crucial and critical, both from a business point of view and from a talent perspective. Being an engineering company, technical talent is also equally important and the talent management of building a pipeline of technical leaders is as important as that of building a pipeline of business leaders. In our quest to build a healthy pipeline of technical talent in Product Development and the related associated areas, the Company set up the Mahindra Research Valley ("MRV"), which serves as a crucible for innovation and technology for the Auto and FarmDivisions of the Company. The aforesaid initiative has helped to create global sustained competitiveness and the Tech Ladder that was conceptualised in MRV is a unique way of differentiating technical talent from general management in terms of performance management, talent management and capability building. It puts a high focus on developing deep technical expertise in various systems of product development. 135 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Your Company's Farming as a Service business (branded Krish-e) is an innovative new business vertical conceived with the idea of ushering in a new digital age of farming in India. Carrying the tag line - 'Expert Takneek. Naye Upay. Parinaam Dikhaye' - Krish-e aims to increase farmer income through digitally enabled services, across the complete crop cycle - services that are progressive, affordable and accessible to farmers. To make this possible, Krish-e leverages the best of technology in the form of Internet of Things (IoT) and Articial Intelligence (AI). Through Krish-e, your Company is engaging with farmers more deeply, creating stronger relationships, ultimately creating amoat for the business. Ÿ Agronomy Advisory Ÿ Access to advanced farm equipment rentals and new-age precision farming solutions These services are focussed on bringing down overall costs and improving crop output, thereby the farmer's income. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES AND EMPLOYEE RELATIONS The services of Krish-e include: