MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 450 Particulars Tech Mahindra Limited - Consolidated 2024 2023 Income tax expense................................................................................................................................................................................................................................ 827.60 1,588.50 Profit /(Loss) for the year.................................................................................................................................................................................................................. 2,396.77 4,856.96 Other Comprehensive Income/(Loss) for the year............................................................................................................................................................ 156.90 314.80 Total Other Comprehensive Income for the year.............................................................................................................................................................. 2,553.67 5,171.76 Tech Mahindra Limited’s Principal Activity - Information Technology (IT) and IT Enabled Services Reconciliation of the above summarised financial information to the carrying amount of the interest in the associate recognised in the consolidated financial statements: Rupees crores Particulars Tech Mahindra Limited - Consolidated 2024 2023 Closing Net assets.................................................................................................................................................................................................................................................... 26,669.37 27,924.46 Group’s share in %.................................................................................................................................................................................................................................................... 28.13% 28.21% Group’s share (Rs)..................................................................................................................................................................................................................................................... 7,502.09 7,877.49 Goodwill............................................................................................................................................................................................................................................................................ 540.02 540.45 Carrying amount........................................................................................................................................................................................................................................................ 8,042.11 8,417.94 Market Value................................................................................................................................................................................................................................................................. 30,980.44 27,350.21 45. Related party disclosures (a) Names of related parties where transactions have taken place during the year: (i) Associates: S. No. Name of the entity S. No. Name of the entity 1 CIE Automotive India Limited (formerly known as Mahindra CIE Automotive Limited) 18 Tech Mahindra Cerium Systems Sdn. Bhd. 2 Tech Mahindra ICT Services (Malaysia) Sdn. Bhd 19 Renew Sunlight Energy Private Limited 3 Tech Mahindra (Beijing) IT Services Limited 20 Tech Mahindra Costa Rica Sociedad Anonima 4 Tech Mahindra Mexico Cloud Services, S.De R.L. De C.V 21 Tech Mahindra Colombia S.A.S 5 Tech Mahindra (Nigeria) Limited 22 Tech Mahindra Network Services Belgium 6 Tech Mahindra Limited 23 PSL Media & Communications Limited 7 Tech Mahindra (Nanjing) Co. Ltd 24 Mahindra University 8 Tech Mahindra Vietnam Company Limited 25 PF Holdings B.V. 9 Satyam Venture Engineering Services Private Limited 26 Brainbees Solutions Limited (formerly known as Brainbees Solutions Private Limited) 10 Tech Mahindra Chile Spa 27 Tech Mahindra Business Services Limited 11 Tech Mahindra France 28 Pininfarina S.P.A. 12 Tech Mahindra Holdco Pty Limited 29 Pininfarina Deutschland Gmbh 13 Tech Mahindra South Africa (Pty) Limited 30 Golde Wuhan Co., Ltd. 14 Tech Mahindra Servicos De Informatica S.A 31 Mahindra Knowledge Park (Mohali) Limited 15 Tech Mahindra Servicos Ltda 32 Kiinteistö Oy Seniori-Saimaa 16 Tech Mahindra (Shanghai) Co. Ltd 33 Shiga Mitsubishi Agricultural Machinery Sales Co., Ltd. 17 Tech Mahindra Cerium Private Limited 34 Okanetsu Industry Co., Ltd 44. Investment in Joint Arrangements and Associates (Continued) Rupees crores
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