MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 474 Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (Continued) 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 Inc. 17/05/2004 USD83.3700 57.12 35.74 311.28 218.42 — 781.59 43.97 10.71 33.26 — 96.40% 91 Bristlecone Middle East DMCC 18/07/2016 AED22.7025 0.11 9.98 12.34 2.25 — 13.19 0.66 — 0.66 — 96.40% 92 Bristlecone GmbH 09/12/2003EUR90.2355 0.45 54.27 68.41 13.69 — 73.62 5.95 1.77 4.18 — 96.40% 93 Bristlecone (Singapore) Pte. Limited 21/02/2003 SGD61.8790 10.33 0.24 10.71 0.14 — 1.03 0.19 * 0.19 — 96.40% 94 Bristlecone Internacional Costa Rica Limited ** 04/01/2022USD83.3700 1.67 (0.94) 1.08 0.35 — — (0.94) — (0.94) — 96.40% 95 Mahindra-BT Investment Company (Mauritius) Limited 24/12/2004 USD83.3700 99.04 93.80 193.34 0.50 30.30 8.21 7.65 1.16 6.49 — 57.00% 96 Mahindra Accelo Limited 28/04/1983 INR1.0000 16.60 893.15 1,586.82 677.07 167.87 3,340.84 174.74 41.75 132.99 50.00 100.00% 97 Mahindra Steel Service Centre Limited 29/12/1993 INR1.0000 16.54 111.68 324.69 196.47 — 428.86 9.91 2.95 6.96 2.08 61.00% 98 Mahindra Electrical Steel Private Limited ** 11/07/2009 INR1.0000 0.50 (13.89) 7.03 20.42 — — (2.18) — (2.18) — 100.00% 99 Mahindra Auto Steel Private Limited 12/12/2013 INR1.0000 68.50 109.82 522.22 343.90 — 700.66 62.91 18.28 44.63 6.71 75.50% 100 Mahindra Middleeast Electrical Steel Service Centre (FZC) 08/08/2004AED22.7025 4.58 34.98 73.67 34.11 — 88.10 2.21 — 2.21 0.44 90.00% 101 PT Mahindra Accelo Steel Indonesia 19/12/2018 IDR0.0053 29.42 (19.42) 75.08 65.08 — 32.74 (12.57) (5.09) (7.48) — 99.98% 102 Mahindra MSTC Recycling Private Limited 16/12/2016 INR1.0000 60.00 (35.03) 47.28 22.31 — 29.29 (13.72) 0.02 (13.74) — 50.00% 103 Mahindra Holdings Limited 02/11/2007 INR 1.0000 2,705.37 689.00 3,394.44 0.07 3,026.30 503.79 501.13 (11.46) 512.59 — 100.00% 104 Mahindra Overseas Investment Company (Mauritius) Limited 24/12/2004 USD 83.3700 3,670.86 (4,085.19) 1,612.23 2,026.56 1,535.09 82.45 (115.44) (9.91) (105.53) — 100.00% 105 Mahindra Automotive Mauritius Limited 06/11/2018 EUR 90.2355 2,141.33 (2,140.91) 0.51 0.09 — — (162.75) — (162.75) — 100.00% 106 Mahindra Susten Private Limited 04/03/2011 INR 1.0000 390.92 1,424.68 1,959.50 143.90 948.42 18.57 982.35 146.45 835.90 — 60.01% 107 Migos Hybren Private Limited ** 15/12/2023 INR1.0000 0.20 (0.02) 0.19 0.01 — — (0.02) — (0.02) — 60.01% 108 Layer Hybren Private Limited ** 02/12/2023 INR1.0000 0.20 (0.07) 0.14 0.01 — — (0.07) — (0.07) — 60.01% 109 Kyros Hybren Private Limited ** 30/11/2023 INR1.0000 0.20 (0.02) 0.19 0.01 — — (0.02) — (0.02) — 60.01% 110 Jade Hybren Private Limited ** 30/11/2023 INR1.0000 0.20 (0.03) 0.19 0.01 — — (0.03) — (0.03) — 60.01% 111 Furies Solren Private Limited ** 14/06/2023 INR1.0000 0.20 (0.17) 0.14 0.11 — — (0.17) — (0.17) — 60.01% 112 Gelos Solren Private Limited ** 14/06/2023 INR1.0000 0.20 (0.03) 1.95 1.78 — — (0.03) — (0.03) — 60.01% 113 Hazel Hybren Private Limited ** 02/06/2023 INR1.0000 0.20 (0.49) 0.03 0.32 — — (0.49) — (0.49) — 60.01% 114 Illuminate Hybren Private Limited (Formerly Known As Icarus Hybren Private Limited) ** 30/05/2023 INR1.0000 0.20 (0.27) 0.24 0.31 — — (0.27) — (0.27) — 60.01%
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