MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

353 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest * As at 31 st March, 2022 2021 Arabian Dreams Hotel Apartments LLC @.......................................................................................... U.A.E 33.06% 33.14% Mahindra Two Wheelers Limited......................................................................................................... India 100.00% 100.00% Mahindra Two Wheelers Europe Holdings S.a.r.l............................................................................... Luxembourg 100.00% 100.00% Peugeot Motocycles S.A.S..................................................................................................................... France 100.00% 100.00% Peugeot Motocycles Deutschland GmbH. ........................................................................................... Germany 100.00% 100.00% Peugeot Motocycles Italia S.p.A. (Under liquidation)........................................................................ Italy 100.00% 100.00% PMTC Engineering S.p.A....................................................................................................................... Italy 100.00% 100.00% Mahindra Tractor Assembly, Inc........................................................................................................... U.S.A. 100.00% 100.00% Mahindra Agri Solutions Limited......................................................................................................... India 98.79% 98.79% Mahindra Susten Bangladesh Private Limited (Liquidated w.e.f. 15 th March, 2022)....................... Bangladesh — 100.00% Mahindra Automotive Mauritius Limited. .......................................................................................... Mauritius 100.00% 100.00% Automobili Pininfarina GmbH.............................................................................................................. Germany 100.00% 100.00% Automobili Pininfarina Americas Inc................................................................................................... U.S.A. 100.00% 100.00% MSPE Urja S.R.L. (Liquidated w.e.f. 18 th January, 2022)..................................................................... Italy — 100.00% Mahindra EPC Irrigation Limited. ........................................................................................................ India 54.40% 54.40% Mahindra HZPC Private Limited........................................................................................................... India 59.22% 59.22% Mahindra Fruits Private Limited (formerly known as Mahindra Greenyard Private Limited)........ India 98.79% 98.79% OFD Holding B.V.................................................................................................................................... Netherlands 82.09% 82.09% Origin Direct Asia Ltd.. ......................................................................................................................... Hong Kong 49.25% 49.25% Origin Fruit Direct B.V. . ....................................................................................................................... Netherlands 82.09% 82.09% Origin Fruit Services South America SpA ........................................................................................... Chile 82.09% 82.09% Origin Direct Asia (Shanghai) Trading Co. Ltd. ................................................................................. China 82.09% 82.09% Bristlecone Limited................................................................................................................................ Cayman Islands 97.06% 74.86% Bristlecone Consulting Limited............................................................................................................. Canada 97.06% 74.86% Bristlecone (Malaysia) Sdn. Bhd........................................................................................................... Malaysia 97.06% 74.86% Bristlecone International AG................................................................................................................ Switzerland 97.06% 74.86% Bristlecone UK Limited.......................................................................................................................... U.K. 97.06% 74.86% Bristlecone Inc........................................................................................................................................ U.S.A. 97.06% 74.86% Bristlecone Middle East DMCC............................................................................................................. U.A.E. 97.06% 74.86% Bristlecone India Limited...................................................................................................................... India 97.06% 74.86% Bristlecone GmbH.................................................................................................................................. Germany 97.06% 74.86% Bristlecone (Singapore) Pte. Limited .................................................................................................. Singapore 97.06% 74.86% Bristlecone Internacional Costa Rica Limited (w.e.f. 4 th January, 2022). .......................................... Costa Rica 97.06% — Mahindra Intertrade Limited................................................................................................................ India 100.00% 100.00% Mahindra Steel Service Centre Limited............................................................................................... India 61.00% 61.00% Mahindra Electrical Steel Private Limited........................................................................................... India 100.00% 100.00% Mahindra Auto Steel Private Limited.................................................................................................. India 51.00% 51.00% Mahindra MiddleEast Electrical Steel Service Centre (FZC)............................................................... U.A.E. 90.00% 90.00% Mahindra MSTC Recycling Private Limited. ........................................................................................ India 50.00% 50.00% 38. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (contd.) (a) Details of the Group’s subsidiaries at the end of the reporting period are as follows: (contd.)