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

380 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS FORM AOC-1 Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014 Statement Containing salient features of the financial statements of subsidiaries/associate companies /joint ventures Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores Sr. 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 @ 1 Mahindra Heavy Engines Limited 31/01/2008 INR 1.00 634.40 65.27 996.02 296.35 86.06 1,147.90 116.84 33.88 82.96 19.03 100.00% 2 Mahindra Electric Mobility Limited 26/05/2010 INR 1.00 359.75 (171.82) 974.02 786.09 — 447.24 (70.52) — (70.52) — 98.98% 3 NBS International Limited 05/02/2001 INR 1.00 44.55 (40.51) 42.69 38.65 0.42 218.54 1.23 — 1.23 — 100.00% 4 Mahindra Automotive Australia Pty. Limited 23/09/2008 AUD 56.65 25.92 (6.43) 81.00 61.51 — 166.56 15.11 (2.31) 17.42 — 100.00% 5 Mahindra Two Wheelers Limited 29/09/2008 INR 1.00 82.82 145.05 323.09 95.22 153.64 278.51 45.00 11.35 33.65 33.50 100.00% 6 Ssangyong Motor Company # 09/02/2011 KRW 0.0625 4,682.50 (5,160.87) 11,611.01 12,089.38 63.75 15,275.75 (1,611.37) — (1,611.37) — 74.65% 7 Ssangyong European Parts Center B.V. # ¥ 09/02/2011 EUR 84.50 5.92 (24.32) 101.15 119.55 — 123.21 1.28 0.21 1.07 — 74.65% 8 SY Auto Capital Co., LTD # ¥ 28/10/2015 KRW 0.0625 125.00 127.99 550.90 297.91 — 82.06 18.04 4.33 13.71 — 38.07% 9 SsangYong Australia Pty Limited # ¥ 31/07/2018 AUD 56.65 28.33 (60.37) 184.85 216.89 — 570.24 14.07 — 14.07 — 74.65% 10 Mahindra Europe S.r.l. 31/05/2005 EUR 84.50 12.01 0.30 48.08 35.77 — 74.99 0.05 0.04 0.01 — 100.00% 11 Mahindra and Mahindra South Africa (Proprietary) Limited 20/10/2004 ZAR 5.21 27.09 40.29 458.58 391.20 — 1,199.26 42.92 12.68 30.24 — 100.00% 12 Mahindra North American Technical Center, Inc. 18/12/2013 USD 75.72 484.74 (468.24) 152.39 135.89 — 74.99 (108.05) — (108.05) — 100.00% 13 Mahindra Automotive North America Inc. 25/04/2017 USD 75.72 1,404.17 (167.24) 1,272.00 35.07 1,150.74 67.03 4.96 — 4.96 — 100.00% 14 Mahindra Vehicle Sales and Service Inc. 06/06/2017 USD 75.72 657.75 (681.20) 2.31 25.76 — 8.53 (27.07) — (27.07) — 100.00% 15 Automobili Pininfarina GmbH 07/05/2018 EUR 84.50 1,410.31 (1,393.89) 141.57 125.15 0.31 5.05 (521.51) 0.02 (521.53) — 100.00% 16 Automobili Pininfarina Americas Inc. 15/01/2019 USD 75.72 0.30 (0.24) 57.50 57.44 — — (0.08) 0.01 (0.09) — 100.00% 17 Mahindra West Africa Ltd ¥ € 20/05/2016 NGN 0.1821 1.10 (1.11) 0.04 0.05 — 0.08 (0.20) — (0.20) — 100.00% 18 Mahindra Bangladesh Private Limited 12/09/2019 BDT 0.8679 3.69 (0.50) 3.25 0.06 — 0.09 (0.04) 0.02 (0.06) — 100.00% 19 Gromax Agri Equipment Limited 18/12/1999 INR 1.00 54.30 (4.32) 113.46 63.48 — 191.57 27.19 0.09 27.10 — 60.00% 20 Trringo.com Limited 23/05/2016 INR 1.00 27.46 (25.35) 2.38 0.27 — 0.85 (0.31) — (0.31) — 100.00% 21 Mahindra USA Inc. 08/06/1994 USD 75.72 1,677.96 (1,499.62) 1,832.31 1,653.97 — 3,484.25 35.22 31.08 4.14 — 100.00% 22 Mahindra Mexico S. de. R. L 08/08/2016 MXN 3.80 82.53 (91.79) 1.45 10.71 — 2.56 — — — — 100.00% 23 Mahindra do Brasil Industrial Ltda 14/10/2016 BRL 15.87 96.77 (75.15) 129.01 107.39 — 283.24 36.53 10.46 26.07 — 100.00%