annual-report-FY2021

353 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 35. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (a) Details of the Group’s subsidiaries at the end of the reporting period are as follows: Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest * ## As at 31 st March, 2021 2020 Mahindra Vehicle Manufacturers Limited........................................................................................... India 100.00% 100.00% Mahindra Heavy Engines Limited........................................................................................................ India 100.00% 100.00% Mahindra Electric Mobility Limited. .................................................................................................... India 99.35% 99.43% Mahindra Trucks and Buses Limited (upto 31 st July, 2020) &............................................................ India — 100.00% Mahindra Automobile Distributor Private Limited (upto 31 st July, 2020) &. ................................... India — 100.00% NBS International Limited. ................................................................................................................... India 100.00% 100.00% Mahindra Automotive Australia Pty. Limited..................................................................................... Australia 100.00% 100.00% Ssangyong Motor Company (upto 28 th December, 2020).................................................................. South Korea — 74.65% Ssangyong Motor (Shanghai) Company Limited (upto 28 th December, 2020)................................. China — 74.65% Ssangyong European Parts Center B.V. (upto 28 th December, 2020)................................................ Netherlands — 74.65% SsangYong Australia Pty Limited (upto 28 th December, 2020).......................................................... Australia — 74.65% Mahindra Europe s.r.l. . ........................................................................................................................ Italy 100.00% 100.00% Mahindra and Mahindra South Africa (Proprietary) Limited............................................................ South Africa 100.00% 100.00% Graphic Research Design S.r.l. (Liquidated on 1 st April, 2020) . .......................................................... Italy — 100.00% Mahindra West Africa Limited (Under liquidation). .......................................................................... Nigeria 100.00% 100.00% Gromax Agri Equipment Limited......................................................................................................... India 60.00% 60.00% Auto Digitech Private Limited (upto 25 th February, 2021)................................................................. India — 100.00% Kota Farm Services Limited @ ............................................................................................................. India 47.81% 47.81% Trringo.com Limited.............................................................................................................................. India 100.00% 100.00% Mahindra USA Inc.. ............................................................................................................................... U.S.A. 100.00% 100.00% Mitsubishi Mahindra Agricultural Machinery Co., Ltd $.................................................................... Japan 66.67% 66.67% Mitsubishi Agricultural Machinery Sales Co., Ltd............................................................................... Japan 66.67% 66.67% Ryono Factory Co., Ltd.......................................................................................................................... Japan 66.67% 66.67% Ryono Engineering Co., Ltd.. ............................................................................................................... Japan 66.67% 66.67% Dia Computer Service Co., Ltd............................................................................................................. Japan 66.67% 66.67% Ryono Asset Management Co., Ltd..................................................................................................... Japan 66.67% 66.67% Mahindra Mexico S. de. R. L.. .............................................................................................................. Mexico 100.00% 100.00% Mahindra do Brasil Industrial Ltda...................................................................................................... Brazil 100.00% 100.00% Hisarlar Makina Sanayi ve Ticaret Anonim Ş irketi............................................................................. Turkey 94.33% 88.86% Hisarlar İ thalat İ hracat Pazarlama Anonim Ş irketi............................................................................. Turkey 94.33% 88.86% Mahindra & Mahindra Financial Services Limited.............................................................................. India 52.31% 51.39% Mahindra Insurance Brokers Limited................................................................................................... India 41.85% 41.11% Mahindra Rural Housing Finance Limited........................................................................................... India 52.00% 51.18% Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) (upto 28 th April, 2020) ^. ....................................... India — 51.39% Mahindra Manulife Trustee Private Limited (formerly known as Mahindra Trustee Company Private Limited) (upto 28 th April, 2020) ^. .......................................................................................... India — 51.39% Mahindra Finance CSR Foundation. .................................................................................................... India 52.31% 51.39% MRHFL Employee Welfare Trust (ESOP). ............................................................................................. India 52.00% 51.18% Mahindra Lifespace Developers Limited. ............................................................................................ India 51.46% 51.48%