annual-report-FY2021

1961 Mahindra pioneers farm mechanisation with the launch of its first tractor to support India's green revolution 1962 Mahindra Ugine Steel Co. Ltd. (MUSCO) is incorporated ; a joint venture to manufacture alloy steel 1983 Mahindra becomes the largest selling tractor brand in India - a position it continues to hold for the next three decades 1986 Mahindra enters the IT space through a joint venture with British Telecom 1991 Mahindra starts a non-banking rural financing company Maxi Motors Financial Services Ltd., to bridge the gap between rural and urban of a liberalised India. Later, the Company became Mahindra & Mahindra Financial Services Ltd. 2005 Mahindra sets up Mahindra International , its truck & bus business through a joint venture with Navistar International and International Truck & Engine Corporation (ITEC), USA 2007 Mahindra acquires Punjab Tractors Ltd. consolidating its market leadership 2008 Mahindra introduces the Aftermarket business to professionalise the car service and pre-owned car industry 2009 Mahindra Partners, the PE & Corporate Venture Capital arm of the Mahindra Group is born with a USD 1bn+ fund to invest in businesses that shape the future Mahindra Classic Legends relaunches the iconic Jawa Motorcycles in India 2018 Mahindra unveils Pininfarina Battista, world's first all-electric hypercar 2019 Mahindra launches the All-New THAR to rave reviews and wide acclaim 2020