MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

197 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS V. HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES) 21. (a) Names of holding/subsidiary/associate companies/joint ventures Th e details of subsidiaries, associates and joint ventures of the Company are provided in Form AOC‑1 and form part of this Annual Report. For the year 2022-23, following subsidiaries have participated in Business Responsibility initiatives of the Company: S. No. Name of the holding/subsidiary/associate companies/ joint ventures (A) Indicate whether holding/Subsidiary/ Associate/Joint Venture % of shares held by listed entity* Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No) 1 Mahindra Steel Service Centre Limited Subsidiary 61.00 Yes 2 Mahindra Agri Solutions Limited Subsidiary 98.86 Yes 3 Mahindra Accelo Limited (Formerly known as Mahindra Intertrade Limited, Name changed w.e.f. 05.01.2023) Subsidiary 100.00 Yes 4 Mahindra Holidays and Resorts India Limited Subsidiary 67.00 Yes 5 Mahindra and Mahindra Financial Services Limited Subsidiary 52.16 Yes 6 Mahindra Insurance Brokers Limited Subsidiary 80.00 Yes 7 Mahindra Rural Housing Finance Limited Subsidiary 98.43 Yes 8 Mahindra Lifespace Developers Limited Subsidiary 51.28 Yes 9 Mahindra World City (Jaipur) Limited Subsidiary 74.00 Yes 10 Mahindra World City Developers Limited Subsidiary 89.00 Yes 11 Mahindra Logistics Limited Subsidiary 58.09 Yes 12 Mahindra Heavy Engines Limited Subsidiary 100.00 Yes 13 Mahindra Susten Private Limited Subsidiary 70.00 Yes 14 Mahindra EPC Irrigation Limited Subsidiary 54.31 Yes * Percentage holding in subsidiaries represents aggregate percentage of shares/voting power held by the Company and/or its subsidiaries. VI. CSR DETAILS 22. CSR Details Whether CSR is applicable as per section 135 of Companies Act, 2013 Yes Turnover (in Rs.) 84,960.26 Cr. Net worth (in Rs.) 42,858.80 Cr.