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

386 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 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 @ 148 Mahindra Emirates Vehicle Armouring FZ-LLC 05/08/2010 AED 20.62 20.62 8.11 68.56 39.83 0.05 72.42 2.73 — 2.73 — 88.00% 149 Mahindra Armored Vehicles Jordon, LLC. 31/03/2019 JOD 103.25 0.05 0.44 3.25 2.76 — 20.21 0.17 — 0.17 — 88.00% 150 Mahindra First Choice Wheels Ltd 24/03/2008 INR 1.00 79.51 60.87 315.64 175.26 65.12 855.36 (30.77) 0.93 (31.70) — 50.60% 151 Fifth Gear Ventures Limited 17/01/2020 INR 1.00 0.20 9.44 30.42 20.78 — 28.64 (19.62) — (19.62) — 50.60% 152 Mahindra Namaste Limited 02/01/2010 INR 1.00 9.01 (7.75) 1.45 0.19 — 0.95 0.16 — 0.16 — 88.35% 153 Mahindra Integrated Business Solutions Private Limited 18/01/2011 INR 1.00 9.78 150.96 222.47 61.73 0.14 427.76 17.89 4.88 13.01 — 100.00% 154 Mahindra eMarket Limited 11/08/2014 INR 1.00 0.80 (1.78) 0.94 1.92 — 9.77 (2.30) 1.53 (3.83) — 83.47% 155 Mahindra Airways Limited 27/07/2016 INR 1.00 5.85 (5.48) 0.50 0.13 — 0.01 (0.16) — (0.16) — 100.00% 156 Mahindra Logistics Limited 12/12/2007 INR 1.00 71.87 502.99 1,848.85 1,273.99 137.49 3,640.64 32.69 8.25 24.44 14.37 58.18% 157 2 x 2 Logistics Private Limited 22/10/2012 INR 1.00 9.01 (8.41) 16.24 15.64 — 24.10 (8.15) (2.27) (5.88) — 32.00% 158 Lords Freight (India) Private Limited 07/08/2014 INR 1.00 2.36 29.86 84.38 52.16 — 452.65 21.26 5.27 15.99 — 57.63% 159 Mahindra Aerospace Private Limited 28/02/2008 INR 1.00 912.39 (714.15) 198.31 0.07 195.14 0.11 (0.14) 0.03 (0.17) — 91.59% 160 Mahindra Aerostructures Private Limited 27/01/2011 INR 1.00 464.50 (290.66) 212.41 38.57 — 103.49 (5.21) — (5.21) — 91.59% 161 Mahindra Aerospace Australia Pty Limited 08/04/2010 AUD 56.65 805.20 (771.47) 33.79 0.06 — — 0.04 — 0.04 — 91.59% 162 GA8 Airvan Pty Limited $ 27/06/2010 AUD 56.65 0.06 (0.05) 0.01 — — — (0.01) — (0.01) — 91.59% 163 GA200 Pty Limited $ 27/06/2010 AUD 56.65 0.06 (0.05) 0.01 — — — (0.01) — (0.01) — 91.59% 164 Nomad TC Pty Limited $ 27/06/2010 AUD 56.65 0.13 (0.12) 0.01 — — — * — * — 91.59% 165 Airvan 10 Pty Limited $ 10/12/2015 AUD 56.65 0.06 (0.05) 0.01 — — — * — * — 91.59% 166 Gippsaero Pty Limited 27/06/2010 AUD 56.65 688.85 (682.05) 15.30 8.50 — 7.37 (14.51) — (14.51) — 91.59% 167 Airvan Flight Services Pty Limited $ 27/06/2010 AUD 56.65 0.06 (0.06) * — — — * — * — 91.59% 168 Mahindra Waste To Energy Solutions Limited 25/06/2017 INR 1.00 30.00 (10.42) 26.16 6.58 — 7.63 (2.75) — (2.75) — 87.39% 169 Mahindra Telecom Energy Management Services Limited 25/06/2017 INR 1.00 56.05 0.18 57.81 1.58 42.02 2.37 0.49 0.28 0.21 — 100.00% 170 Mahindra Construction Company Ltd 28/11/2017 INR 1.00 2.40 (24.87) 0.70 23.17 — 0.11 0.02 — 0.02 — 65.30% 171 Meru Travel Solutions Private Limited 05/12/2019 INR 1.00 97.14 (46.89) 50.48 0.23 50.48 — (75.09) — (75.09) — 100.00% 172 Meru Mobility Tech Private Limited 05/12/2019 INR 1.00 0.17 (9.04) 55.53 64.40 1.67 57.66 (19.28) — (19.28) — 100.00%