CONSOLIDATED ACCOUNTS 475 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 @ ## 115 Martial Solren Private Limited ** 27/08/2020 INR1.0000 0.01 (0.83) 43.94 44.76 — — (0.74) — (0.74) — 60.01% 116 Mahindra Teqo Private Limited 05/01/2016 INR1.0000 0.13 70.03 129.66 59.50 — 184.16 12.53 3.42 9.11 — 80.00% 117 Marvel Solren Private Limited 10/10/2015 INR1.0000 27.82 26.77 127.02 72.43 — 20.63 0.98 0.29 0.69 — 100.00% 118 Mahindra Defence Systems Limited 30/07/2012 INR1.0000 16.72 467.30 1,170.50 686.48 72.97 624.32 48.28 11.81 36.47 12.54 100.00% 119 Mahindra Telephonics Integrated Systems Limited 22/04/2013 INR1.0000 50.78 (51.68) 73.20 74.10 — 44.08 (1.12) — (1.12) — 100.00% 120 Mahindra Emirates Vehicle Armouring FZ-LLC 05/08/2010 AED22.7025 22.70 11.09 77.90 44.11 0.06 82.37 4.32 — 4.32 5.68 88.00% 121 Mahindra Armored Vehicles Jordan, LLC 31/03/2019 JOD117.5510 0.06 0.66 23.79 23.07 — 10.89 0.02 — 0.02 — 88.00% 122 Mahindra First Choice Wheels Limited 24/03/2008 INR1.0000 90.55 87.77 385.53 207.21 116.70 746.84 (94.97) (0.14) (94.83) — 56.19% 123 Fifth Gear Ventures Limited 17/01/2020 INR1.0000 0.34 15.00 28.37 13.03 — 29.11 (13.97) * (13.98) — 56.19% 124 Mahindra Integrated Business Solutions Private Limited 18/01/2011 INR1.0000 9.78 181.32 278.69 87.59 11.31 563.72 22.22 5.59 16.63 9.78 100.00% 125 Mahindra eMarket Limited 11/08/2014 INR1.0000 0.80 (1.89) 0.78 1.87 — 0.06 (0.11) — (0.11) — 83.47% 126 Mahindra Airways Limited 27/07/2016 INR1.0000 133.00 (7.82) 125.25 0.07 — — (0.73) — (0.73) — 100.00% 127 Mahindra Logistics Limited 12/12/2007 INR1.0000 72.04 603.42 2,128.24 1,452.78 331.99 4,529.90 85.55 23.57 61.98 18.01 58.04% 128 2 x 2 Logistics Private Limited 22/10/2012 INR 1.0000 9.01 (8.76) 42.57 42.32 — 55.35 4.86 1.35 3.51 — 31.92% 129 Lords Freight (India) Private Limited 07/08/2014 INR1.0000 2.36 43.33 76.27 30.58 4.56 247.84 4.63 1.24 3.39 — 57.49% 130 MLL Express Services Private Limited 05/12/2019 INR1.0000 197.97 (203.60) 393.54 399.17 1.31 364.22 (124.06) (0.49) (123.57) — 58.04% 131 MLL Mobility Private Limited 05/12/2019 INR1.0000 0.46 33.06 103.34 69.82 — 333.35 1.78 — 1.78 — 58.04% 132 V-Link Freight Services Private Limited 09/09/2022 INR1.0000 1.00 (1.72) 0.48 1.20 — 6.46 (1.58) — (1.58) — 58.04% 133 MLL Global Logistics Limited $ ** 06/12/2022 GBP 105.3050 — — — — — — — — — — 58.04% 134 Zipzap Logistics Private Limited 22/12/2023 INR1.0000 0.64 28.23 40.51 11.64 — 125.24 (2.94) — (2.94) — 34.82% 135 Mahindra Aerospace Private Limited 28/02/2008 INR1.0000 912.39 (538.44) 374.09 0.14 372.00 — (0.36) — (0.36) — 100.00% 136 Mahindra Aerostructures Private Limited 27/01/2011 INR1.0000 464.50 (296.66) 340.10 172.26 — 233.91 0.49 — 0.49 — 100.00% 137 Mahindra Aerospace Australia Pty Limited 08/04/2010 AUD54.4740 774.27 (754.90) 19.99 0.62 — — (12.01) — (12.01) — 100.00%
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