MATERIAL DEVELOPMENTS IN HUMAN RESOURCES AND EMPLOYEE RELATIONS • Mahindra Leadership University: The Mahindra Leadership University (MLU) has shaped impactful initiatives throughout FY25. MLU designs and executes programs targeted at key leadership competencies, informed by insights derived from people conversations, regular engagements with CEOs and CHROs, and comprehensive market analyses. In FY25, MLU Delivered 150 programs – a steep uptake from last year. • Mahindra Accelerated Leadership Track (MALT): In collaboration with Carnegie Mellon University, MALT aims at identifying and nurturing high-potential mid-career professionals within Mahindra’s diverse business ecosystem. Through 4 successful batches, 136 promising associates have been groomed for future leadership. • Future Shapers: This initiative, designed to enhance leadership capabilities and prepare participants to lead Mahindra’s growth agenda, was meticulously developed in partnership with Harvard University and top-tier global consulting firms. Over 4 cohorts, the program has empowered 111 talented individuals to innovate, inspire teams, and drive the Company’s evolution into the future. • Development Programs: Aimed at fostering leadership excellence, diversity, and capability enhancement, Mahindra introduced a series of groundbreaking initiatives tailored to meet the dynamic needs of its workforce. ◦ The Tech Wizards Program focuses on equipping mid-level technology leaders with critical business insights and leadership acumen. ◦ Similarly, the Emerging Finance Leaders Program (EFLP), designed in collaboration with esteemed subject matter experts, offers a comprehensive curriculum that empowers upcoming finance leaders with the expertise to make impactful decisions and lead effectively. ◦ The Controllership Program is a Group-wide initiative designed with IIM Ahmedabad, for frontline finance talent in controllership. This program equips participants with skills related to designing and implementing formal control systems, in line with our efforts of upholding the highest standards of governance. ◦ The "She Is On The Rise" initiative, dedicated to advancing gender diversity, exemplifies Mahindra’s commitment to inclusivity by enabling junior-level women leaders to thrive and progress in their careers. By driving these innovative programs, Mahindra reinforces its commitment to building a robust pipeline of future-ready leaders, advancing workforce competencies, and empowering individuals to reach their full potential. These efforts not only contribute to sustainable organizational growth but also establish a solid foundation for the Company’s long-term success. As a testament to our vision, MLU facilitated over 150 programs, including five leadership journeys, impacting more than 2,200 participants in FY25. Integrated Annual Report 2024-25 | 152
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