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

413 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY 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 @ ## 90 Bristlecone (Singapore) Pte. Limited 21/02/2003 SGD 61.94 10.34 0.05 10.88 0.49 — 13.86 0.28 0.09 0.19 — 97.19% 91 Bristlecone Internacional Costa Rica Limited ** 04/01/2022 USD 82.19 0.82 — 0.82 — — — — — — — 97.19% 92 Mahindra-BT Investment Company (Mauritius) Limited 24/12/2004 USD 82.19 97.64 82.97 181.09 0.48 26.77 4.62 4.24 0.63 3.61 — 57.00% 93 Mahindra Accelo Limited (Formerly known as Mahindra Intertrade Limited) 28/04/1983 INR 1.00 16.60 805.64 1,422.80 600.56 172.88 3,243.80 150.34 37.25 113.09 45.36 100.00% 94 Mahindra Steel Service Centre Limited 29/12/1993 INR 1.00 16.54 109.80 337.89 211.55 — 382.84 23.85 6.93 16.92 5.08 61.00% 95 Mahindra Electrical Steel Private Limited ** 11/07/2009 INR 1.00 0.50 (11.71) 6.91 18.12 — — (1.97) — (1.97) — 100.00% 96 Mahindra Auto Steel Private Limited 12/12/2013 INR 1.00 68.50 69.40 329.98 192.08 — 479.33 39.45 11.23 28.22 4.25 75.50% 97 Mahindra Middleeast Electrical Steel Service Centre (FZC) 08/08/2004 AED 22.38 4.52 33.91 92.56 54.13 — 98.27 8.01 — 8.01 1.60 90.00% 98 PT Mahindra Accelo Steel Indonesia 19/12/2018 IDR 0.01 30.53 (12.42) 80.66 62.55 — 33.81 (10.00) — (10.00) — 99.98% 99 Mahindra MSTC Recycling Private Limited 16/12/2016 INR 1.00 60.00 (21.25) 61.35 22.60 — 31.68 (5.31) * (5.31) — 50.00% 100 Mahindra Holdings Limited 02/11/2007 INR 1.00 2,705.37 173.25 2,878.89 0.27 2,390.39 14.64 517.98 67.70 450.28 — 100.00% 101 Mahindra Overseas Investment Company (Mauritius) Limited 24/12/2004 USD 82.19 3,619.01 (3,911.49) 1,653.50 1,945.98 1,638.92 68.54 (126.54) 24.23 (150.77) — 100.00% 102 Mahindra Automotive Mauritius Limited 06/11/2018 EUR 89.64 1,965.38 (1,965.08) 0.38 0.08 — — (282.81) — (282.81) — 100.00% 103 Mahindra Racing UK Limited 04/03/2011 GBP 101.92 0.20 12.56 116.67 103.91 — 273.56 30.30 — 30.30 — 100.00% 104 Mahindra Susten Private Limited 04/03/2011 INR 1.00 390.92 636.23 2,732.00 1,704.85 485.18 396.45 54.85 20.50 34.35 — 70.00% 105 Mahindra Renewables Private Limited 28/07/2013 INR 1.00 321.52 112.13 2,727.83 2,294.18 154.40 352.73 49.36 12.41 36.95 — 70.00% 106 Mahindra Teqo Private Limited 05/01/2016 INR 1.00 0.10 25.95 101.35 75.30 — 158.89 10.67 2.81 7.86 — 100.00% 107 Neo Solren Private Limited 01/07/2015 INR 1.00 9.32 71.43 305.24 224.49 — 37.92 2.97 0.84 2.13 — 70.00% 108 Marvel Solren Private Limited 10/10/2015 INR 1.00 27.82 26.08 132.34 78.44 — 21.85 3.06 0.75 2.31 — 35.70% 109 Astra Solren Private Limited 14/10/2015 INR 1.00 8.89 87.96 399.54 302.69 — 62.25 15.93 4.87 11.06 — 70.00% 110 Brightsolar Renewable Energy Private Limited 03/12/2013 INR 1.00 9.52 15.05 84.19 59.62 — 12.73 2.09 0.60 1.49 — 70.00% 111 Mega Suryaurja Private Limited 16/02/2017 INR 1.00 8.65 65.16 1,358.15 1,284.34 — 118.07 (14.76) (3.71) (11.05) — 70.00% 112 Martial Solren Private Limited ** 27/08/2020 INR 1.00 0.01 (0.09) * 0.08 — — (0.03) — (0.03) — 70.00% 113 Mahindra Solarize Private Limited 06/04/2020 INR 1.00 35.39 4.86 123.18 82.93 7.39 177.16 1.79 (0.39) 2.18 — 100.00% 114 MSPL International DMCC ¥ 08/10/2019 AED 22.38 25.44 (25.11) 0.33 — — — * — * — 70.00% 115 Resurgence Solarize Urja Private Limited 29/08/2022 INR 1.00 9.98 (0.21) 11.11 1.34 — — (0.21) — (0.21) — 100.00%