annual-report-FY2021

U N D E R S T A N D I N G T H E R E P O R T Businesses have always existed to create value for their diverse stakeholders. A number of factors come together in this value creation process - financial capital, plant & machinery, intellectual knowhow, employees, natural resources and other environmental services. Today, in addition to all these factors, governance, supply chain, communities in which businesses operate and the society at large also play a decisive role in the success of a business. A business’s ability to sustain value over the long-term depends on how it manages, leverages and integrates all these tangible and intangible resources. We use an easy-to-understand diagram to depict inputs, outputs, and outcomes, with respect to various capitals, that are measured by KPIs. The structure of this report remains true to the principles of integrated reporting and seeks to create a more lucid flow of information for a crisp and coherent disclosure. The detailed Statutory Statements and Financial Reports are also part of this document and are in line with the requirements of the Companies Act, 2013 (including the rules made thereunder), Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the applicable Secretarial Standards. Please note that certain statements in this report with regard to our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Throughout the report, the terms 'Mahindra', 'M&M', and 'M&M Ltd.' have been used interchangeably to refer to Mahindra & Mahindra Ltd. Integrated Report <IR> The reporting period of Mahindra & Mahindra Ltd. apropos this Integrated st st Report is 1 April 2020 to 31 March 2021. This Integrated Report provides an overview of the operations and business development activities of the Company. It is also aligned to the nine principles of the Ministry of Corporate Affairs' National Voluntary Guidelines (NVG) on the social, environmental and economic responsibilities of a business. The scope of this Report is restricted to the domestic business of Mahindra & Mahindra Limited and Mahindra Vehicle Manufacturers Limited (MVML), consisting of the Automotive Sector, Farm Equipment Sector, Spares Business Unit, Mahindra Research Valley, Two-Wheeler Division, Construction Equipment Division and Powertrain Business Division. Also, in the Integrated Report section pg. 1-53, we have presented some data on the basis of the combined financials of Mahindra & Mahindra Limited and Mahindra Vehicle Manufacturers Limited. We have also represented data related to other group businesses and companies, wherever required, to provide a holistic view of the Company's performance and presence. Scope of the Report HOW TO READ THE REPORT This Integrated Report provides a cohesive view of our performance and ability to create value consistently through six capitals – nancial, manufactured, intellectual, human, social & relationship, and natural. 01 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21