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

MAHINDRA & MAHINDRA LIMITED 24 9. Transactions undertaken in previous Financial Year ended 31 st March 2022 and 31 st March, 2021 (In Rs. Crores) Sr. No. Name of the Company Nature of Transactions FY21 FY22 a. Mahindra Logistics Limited Availing services related to transportation, stores and line feed, pre-outbound, stock yard management, warehousing and warehouse management and other services, purchase of goods, sale of services, dividend and other income, reimbursements received, etc. 1,470 1,881 b. Swaraj Engines Limited Purchase of Engines, Engine Components and other related Parts/Components, purchase of services, dividend income, deputation of personnel, reimbursements received, etc. 1,191 1,380 c. Classic Legends Private Limited Sale of Two Wheelers, Spares & components, sale of services, inter-corporate deposits, interest and other income, investments, deputation of personnel, reimbursements paid and received, etc. 585 1,011 d. Mahindra Electric Mobility Limited Providing fund based and non-fund based support including equity / debt / Inter-corporate deposits(ICD)/Guarantee etc., and interest thereon, purchase of goods, services and intangibles, sale of services, reimbursement received, other income, etc. 209 634 e. Tech Mahindra Limited Availing services related to IT, ITES including IT, Infrastructure, Cloud, IOT and Digital Engineering, Digital Transformation, Analytics, Cyber Security, manpower, and other services, receipt of dividend and other income, sale of goods and services, reimbursement received, etc. 680 1,253 f. Mahindra CIE Automotive Limited Purchase of castings, forgings, sheet metal, and other components/parts, purchase and sale of services, purchase of assets, other income, etc. 965 1,389 2) F or Item No. 10 Details of the Material Related Party Transactions entered / to be entered between a Subsidiary of the Company and the Related Party of another Subsidiary of the Company. Sr. No. Particulars Disclosures 1. Name of the Related Party; Nature of relationship with the Subsidiary, including nature of its concern or interest (financial or otherwise); and Monetary Value Name of the Subsidiary Name of the Related Party Nature of relationship Monetary value p.a. Mahindra USA, Inc. (MUSA) Mahindra Finance USA LLC (MFUSA) Mahindra USA Inc. is a wholly owned subsidiary of the Company. Mahindra Finance USA LLC is an Associate of Mahindra and Mahindra Financial Services Limited, a subsidiary of the Company. Rs. 8,000 Crores