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

409 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY 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 as included in the Consolidated Financial Statements 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 1.00 634.40 115.52 1,095.10 345.18 68.49 1,465.55 87.29 18.48 68.81 95.16 100.00% 2 Mahindra Electric Automobile Limited 25/10/2022 INR 1.00 1,469.49 (0.56) 1,976.17 507.24 280.35 6.19 0.94 1.50 (0.56) — 100.00% 3 NBS International Limited 05/02/2001 INR 1.00 44.55 (34.88) 77.67 68.00 — 401.42 5.58 — 5.58 — 100.00% 4 Mahindra Automotive Australia Pty. Limited 23/09/2008 AUD 55.23 25.27 11.52 254.55 217.76 — 287.09 25.61 7.82 17.79 — 100.00% 5 Mahindra Two Wheelers Limited 29/09/2008 INR 1.00 82.82 158.23 365.02 123.97 160.61 348.50 64.58 17.75 46.83 46.83 100.00% 6 Mahindra Europe S.r.l. 31/05/2005 EUR 89.64 12.74 2.15 77.22 62.33 — 111.10 2.47 0.63 1.84 — 100.00% 7 Mahindra and Mahindra South Africa (Proprietary) Limited 20/10/2004 ZAR 4.61 23.98 58.48 810.34 727.88 — 1,823.12 41.83 11.42 30.41 — 100.00% 8 Mahindra North American Technical Center, Inc. 18/12/2013 USD 82.19 530.29 (577.50) 150.77 197.98 — 270.54 (69.23) — (69.23) — 100.00% 9 Mahindra Automotive North America Inc. 25/04/2017 USD 82.19 1,597.35 (162.70) 1,452.86 18.21 1,268.35 81.92 18.82 — 18.82 — 100.00% 10 Mahindra Vehicle Sales and Service Inc. 06/06/2017 USD 82.19 729.34 (757.40) 1.27 29.33 — 0.86 (17.98) — (17.98) — 100.00% 11 Automobili Pininfarina GmbH 07/05/2018 EUR 89.64 1,778.44 (1,775.36) 192.63 189.55 0.33 75.44 (294.06) 1.95 (296.01) — 100.00% 12 Automobili Pininfarina Americas Inc. 15/01/2019 USD 82.19 0.33 (0.26) 90.84 90.77 — 0.21 0.01 0.01 * — 100.00% 13 Gromax Agri Equipment Limited 18/12/1999 INR 1.00 54.30 (6.58) 124.44 76.72 — 197.98 (2.29) 0.01 (2.30) — 60.00% 14 Trringo.com Limited 23/05/2016 INR 1.00 27.46 (25.55) 2.16 0.25 — * (0.19) — (0.19) — 100.00% 15 Mahindra USA Inc. 08/06/1994 USD 82.19 1,821.39 (1,587.26) 1,825.63 1,591.50 — 3,662.76 61.71 21.17 40.54 — 100.00% 16 Mahindra Mexico S. de. R. L € 08/08/2016 MXN 4.54 98.66 (109.72) 1.74 12.80 — — — — — — 100.00% 17 Mahindra do Brasil Industrial Ltda 14/10/2016 BRL 16.13 98.38 13.81 302.68 190.49 — 478.33 122.32 32.12 90.20 — 100.00% 18 Erkunt Traktor Sanayii A.S. # 01/12/2017 TRY 4.28 188.40 65.58 758.94 504.96 65.86 1,009.50 101.96 (2.63) 104.59 — 100.00% 19 Erkunt Sanayi A.S. # 01/12/2017 TRY 4.28 6.47 181.71 467.51 279.33 7.29 1,101.68 85.93 9.23 76.70 — 98.69% 20 Sampo Rosenlew Oy 29/09/2020 EUR 89.64 4.74 26.80 402.11 370.57 31.10 463.40 (61.16) — (61.16) — 100.00% 21 Swaraj Engines Limited 28/09/2022 INR 1.00 12.15 330.05 536.13 193.93 26.13 1,433.78 179.74 46.13 133.61 111.74 52.13%