annual-report-FY2021

C O N T E N T S We embarked on our journey of Integrated Reporting in F17 in keeping with our commitment towards transparency and the highest standards of corporate governance. The following year, to present our shareholders with a more holistic view of how we create and sustain long-term value, we included key elements of the Integrated Report (IR) along with the Annual Report. While staying true to the principles of the International Integrated Reporting Council's framework that was incorporated in the past, this year our Integrated Report structure has evolved to create a more reader-friendly experience. This IR is in consonance with SEBI's th circular dated 6 February 2017. An Integrated Report takes corporate reporting beyond just discussing the financial resources, since any value creation activity requires other resources like people, natural resources and business relationships. This report will discuss how Mahindra & Mahindra Ltd. (M&M Ltd.) creates value by leveraging the interlinkages between these interdependent resources. Where necessary, we have explained the concept using charts and infographics. Some IR related data might be management estimates and could be updated in subsequent publications, like the Mahindra Sustainability Report. ANNOUNC EMENT UNDERSTANDING THE REPORT How to Read the Report Performance Highlights | 01 RISING WITH FOCUS ON ESG Environment People Society | | COMPANY OVERVIEW About The Group Our Core Purpose Our Core Values | | Chairman Emeritus and Board of Directors Group Executive Board Focus On ESG | Reigniting Value Creation Manufacturing Capabilities | Global Footprint 04 PIVOTING TO GROWTH Strategic Overview Risks & Opportunities | Opportunities & Outlook Input-Output Model | Awards & Recognitions RISING THROUGH INNOVATIONS SUPPORTING COMMUNITIES TO RISE For any other information please visit www.mahindra.com 19 23 33 38 CORPORATE INFORMATION 56 STATUTORY REPORTS Board's Report Management Discussion and Analysis | Corporate Governance Business Responsibility Report | 57 FINANCIAL STATEMENTS Standalone Accounts Consolidated Accounts | 216