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

414 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 @ ## 116 Emergent Solren Private Limited 09/11/2022 INR 1.00 0.05 (0.04) 0.04 0.03 — — (0.04) — (0.04) — 100.00% 117 Mahindra Defence Systems Limited 30/07/2012 INR 1.00 16.72 443.61 1,010.62 550.29 22.90 380.03 80.99 22.55 58.44 12.54 100.00% 118 Mahindra Telephonics Integrated Systems Limited 22/04/2013 INR 1.00 50.78 (50.60) 48.97 48.79 — 9.83 (4.42) — (4.42) — 100.00% 119 Mahindra Emirates Vehicle Armouring FZ-LLC 05/08/2010 AED 22.38 22.38 12.27 60.79 26.14 0.06 78.82 3.47 — 3.47 — 88.00% 120 Mahindra Armored Vehicles Jordon, LLC. 31/03/2019 JOD 115.87 0.05 0.56 9.07 8.46 — 14.83 0.11 — 0.11 — 88.00% 121 Mahindra First Choice Wheels Ltd 24/03/2008 INR 1.00 87.84 185.04 477.31 204.43 101.56 1,113.12 (110.56) * (110.56) — 55.18% 122 Fifth Gear Ventures Limited 17/01/2020 INR 1.00 0.31 18.97 38.30 19.02 — 63.13 (26.57) — (26.57) — 55.18% 123 Mahindra Integrated Business Solutions Private Limited 18/01/2011 INR 1.00 9.78 174.74 265.01 80.49 7.03 491.03 33.83 6.93 26.90 9.78 100.00% 124 Mahindra eMarket Limited 11/08/2014 INR 1.00 0.80 (1.78) 0.99 1.97 — 0.15 (0.05) (0.04) (0.01) — 83.47% 125 Mahindra Airways Limited 27/07/2016 INR 1.00 67.75 (7.08) 60.73 0.06 — 0.06 (1.61) — (1.61) — 100.00% 126 Mahindra Logistics Limited 12/12/2007 INR 1.00 71.98 556.00 2,165.16 1,537.18 259.88 4,470.94 80.44 15.91 64.53 18.01 58.09% 127 2 x 2 Logistics Private Limited 22/10/2012 INR 1.00 9.01 (12.27) 21.44 24.70 — 20.82 (5.36) (1.49) (3.87) — 31.95% 128 Lords Freight (India) Private Limited 07/08/2014 INR 1.00 2.36 39.89 78.28 36.03 — 367.43 13.38 3.42 9.96 — 57.54% 129 MLL Express Services Private Limited (formerly known as Meru Travel Solutions Private Limited) 05/12/2019 INR 1.00 97.14 (78.68) 356.74 338.28 2.20 123.15 (42.50) (10.71) (31.79) — 58.09% 130 MLL Mobility Private Limited (formerly known as Meru Mobility Tech Private Limited) 05/12/2019 INR 1.00 0.46 15.70 129.80 113.64 — 185.52 (8.62) — (8.62) — 58.09% 131 V-Link Automotive Services Private Limited 05/12/2019 INR 1.00 0.01 29.15 31.34 2.18 — 0.30 * — * — 58.09% 132 V-Link Freight Services Private Limited 09/09/2022 INR 1.00 1.00 (0.14) 1.46 0.60 — 0.49 (0.14) — (0.14) — 58.09% 133 MLL Global Logistics Limited $$ 06/12/2022 GBP 101.92 — — — — — — — — — — 58.09% 134 V-Link Fleet Solutions Private Limited 05/12/2019 INR 1.00 0.01 (13.46) 1.57 15.02 — 0.94 0.05 — 0.05 — 58.09% 135 Mahindra Aerospace Private Limited 28/02/2008 INR 1.00 912.39 (538.09) 374.50 0.20 372.00 176.98 176.07 — 176.07 — 100.00% 136 Mahindra Aerostructures Private Limited 27/01/2011 INR 1.00 464.50 (297.26) 244.15 76.91 — 158.25 (6.45) — (6.45) — 100.00% 137 Mahindra Aerospace Australia Pty Limited 08/04/2010 AUD 55.23 784.94 (753.14) 31.93 0.13 — 0.22 (1.07) — (1.07) — 100.00% 138 GA8 Airvan Pty Limited $ 27/06/2010 AUD 55.23 0.06 (0.06) — — — * * — * — 100.00%