annual-report-FY2021

389 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores S No Name of Subsidiary The date since when subsidiary was acquired 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 and Tax thereon Proportion of ownership interest @ ## 172 Airvan 10 Pty Limited $ 10/12/2015 AUD 55.96 0.06 (0.05) 0.01 — — — * — * — 91.59% 173 Gippsaero Pty Limited 27/06/2010 AUD 55.96 680.46 (659.41) 30.53 9.49 — 25.97 (40.49) — (40.49) — 91.59% 174 Airvan Flight Services Pty Limited $ 27/06/2010 AUD 55.96 0.06 (0.05) 0.01 — — — * — * — 91.59% 175 Mahindra Waste To Energy Solutions Limited 25/06/2017 INR 1.00 30.00 (7.63) 30.47 8.10 — 12.44 (2.53) — (2.53) — 87.39% 176 Mahindra Telecom Energy Management Services Limited ** 25/06/2017 INR 1.00 0.05 (0.03) 0.03 0.01 — — (0.01) — (0.01) — 100.00% 177 Mahindra Construction Company Ltd 28/11/2017 INR 1.00 2.40 (24.88) 0.61 23.09 — 0.01 (0.02) — (0.02) — 65.37% 178 Meru Travel Solutions Private Limited 05/12/2019 INR 1.00 97.12 28.18 125.42 0.12 125.28 — (0.59) — (0.59) — 43.20% 179 Meru Mobility Tech Private Limited 05/12/2019 INR 1.00 0.17 10.21 74.08 63.70 11.54 42.88 (28.47) — (28.47) — 43.20% 180 V-Link Automotive Services Private Limited 05/12/2019 INR 1.00 0.01 28.95 31.31 2.34 — 0.49 (0.06) — (0.06) — 43.20% 181 V-Link Fleet Solutions Private Limited 05/12/2019 INR 1.00 0.01 (13.39) 2.10 15.48 — 2.83 (1.32) — (1.32) — 43.20% Notes * denotes amounts less than Rs. 50,000. ** denotes companies yet to commence operations # denotes companies where reporting period is different from 1 st April, 2020 to 31 st March, 2021. The financial year for all other subsidiaries is 1 st April, 2020 to 31 st March, 2021 € Under liquidation $ Based on unaudited financial statements as audit is not required as per their local laws ¥ Based on unaudited financial statements. @ excluding shares issued to ESOP Trusts of the respective entities/their holding companies but not allotted to employees ## There are no companies where voting power is different from ownership interests £ Treated as discontinued operations in the consolidated financial statements (Refer note 42) Names of subsidiaries which have ceased to exist during the year on account of Liquidation/ Sale/Merger through scheme of arrangement are as under : (1) Mahindra Trucks and Buses Limited (2) Mahindra Automobile Distributor Private Limited (3) Auto Digitech Private Limited (4) Mahindra First Choice Services Limited (5) Divine Solren Private Limited (6) Graphic Research Design s.r.l. (formerly known as Mahindra Graphic Research Design s.r.l)