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

410 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 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 @ ## 22 Carnot Technologies Private Limited 17/03/2022 INR 1.00 0.17 10.28 14.15 3.70 — 23.82 3.19 (0.05) 3.24 — 73.00% 23 M.I.T.R.A Agro Equipments Private Limited 17/03/2023 INR 1.00 0.26 34.24 42.64 8.14 — 56.06 5.41 2.29 3.12 — 100.00% 24 Mahindra & Mahindra Financial Services Limited 30/09/1998 INR 1.00 246.72 16,842.19 96,216.55 79,127.64 9,988.62 11,056.09 2,698.07 713.75 1,984.32 741.32 52.24% 25 Mahindra Insurance Brokers Limited 07/04/2004 INR 1.00 10.31 522.90 682.25 149.04 149.50 426.51 46.05 11.61 34.44 3.61 41.79% 26 Mahindra Rural Housing Finance Limited 09/04/2007 INR 1.00 122.14 1,359.49 8,717.77 7,236.14 340.95 1,349.80 26.29 4.54 21.75 — 51.73% 27 Mahindra Manulife Investment Management Private Limited 20/06/2013 INR 1.00 382.94 (166.92) 248.94 32.92 97.21 44.12 (30.86) — (30.86) — 51.00% 28 Mahindra Manulife Trustee Private Limited 25/04/2013 INR 1.00 0.98 0.35 1.40 0.07 1.27 0.81 0.16 0.02 0.14 — 51.00% 29 Mahindra Ideal Finance Limited 08/07/2021 LKR 0.25 49.61 24.09 228.60 154.90 11.92 50.03 3.98 1.72 2.26 — 30.40% 30 Mahindra Finance CSR foundation 02/04/2019 INR 1.00 * 0.02 0.03 0.01 — 0.20 (0.01) — (0.01) — 52.24% 31 Mahindra Lifespace Developers Limited 30/03/2007 INR 1.00 154.67 1,458.09 3,155.81 1,543.05 762.64 628.12 150.56 (0.69) 151.25 35.63 51.28% 32 Mahindra Infrastructure Developers Limited 14/12/2001 INR 1.00 18.00 4.98 23.00 0.02 0.08 13.23 13.17 0.32 12.84 — 51.28% 33 Mahindra World City (Maharashtra) Limited 21/09/2005 INR 1.00 25.42 (10.04) 17.41 2.03 17.07 2.54 1.79 0.14 1.65 — 51.28% 34 Knowledge Township Limited 16/08/2007 INR 1.00 49.07 5.81 77.86 22.98 — — (0.05) — (0.05) — 51.28% 35 Industrial Township (Maharashtra) Limited 02/07/2008 INR 1.00 5.00 (2.30) 2.71 0.02 — 0.03 0.02 0.01 0.01 — 51.28% 36 Anthurium Developers Limited 02/06/2010 INR 1.00 0.05 0.08 0.13 * — 0.01 * — * — 51.28% 37 Mahindra Industrial Park Private Limited 29/03/2013 INR 1.00 0.05 (2.77) 259.60 262.32 13.20 7.56 6.86 1.73 5.13 — 51.28% 38 Mahindra Water Utilities Limited 27/07/2015 INR 1.00 0.10 15.20 18.89 3.59 — 22.74 8.77 2.25 6.52 — 50.77% 39 Mahindra World City Developers Limited 22/09/2004 INR 1.00 20.00 116.66 779.94 643.28 102.00 177.40 20.35 (5.03) 25.38 — 45.64% 40 Mahindra World City Jaipur Limited 26/08/2005 INR 1.00 150.00 276.49 699.24 272.75 81.40 250.13 161.40 36.36 125.04 — 37.95% 41 Mahindra Bloomdale Developers Limited 03/06/2008 INR 1.00 0.05 (33.26) 285.25 318.47 — 53.89 (14.88) — (14.88) — 51.28% 42 Mahindra Industrial Park Chennai Limited 22/12/2014 INR 1.00 170.00 3.71 321.44 147.73 — 205.62 10.23 3.30 6.93 — 30.77%