Integrated Annual Report 2024-25 218 V. H OLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES) [GRI 2-2] 23. (a) Names of holding/subsidiary/associate companies/joint ventures F or FY25, the below mentioned subsidiaries are those who have participated in Business Responsibility initiatives of the Company. The list of other subsidiaries, associates and joint ventures of the Company is provided in Form AOC‑1 and forms part of this Annual Report. S. No. Name of the holding/subsidiary/associate companies/ joint ventures (A) Indicate whether holding/Subsidiary/ Associate/Joint Venture % of shares held by listed entity* Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No) 1 Mahindra Steel Service Centre Limited Subsidiary 61.00 Yes 2 Mahindra Agri Solutions Limited Subsidiary 99.02 Yes 3 Mahindra Accelo Limited (Formerly known as Mahindra Intertrade Limited) Subsidiary 100.00 Yes 4 Mahindra Holidays & Resorts India Limited Subsidiary 66.74 Yes 5 Mahindra & Mahindra Financial Services Limited Subsidiary 52.16 Yes 6 Mahindra Insurance Brokers Limited Subsidiary 100.00 Yes 7 Mahindra Rural Housing Finance Limited Subsidiary 98.43 Yes 8 Mahindra Lifespace Developers Limited Subsidiary 51.14 Yes 9 Mahindra World City (Jaipur) Limited Subsidiary 74.00 Yes 10 Mahindra World City Developers Limited Subsidiary 89.00 Yes 11 Mahindra Logistics Limited Subsidiary 57.97 Yes 12 Mahindra Susten Private Limited Subsidiary 60.01 Yes 13 Mahindra EPC Irrigation Limited Subsidiary 54.21 Yes * Percentage holding in subsidiaries represents aggregate percentage of shares/voting power held by the Company and/or its subsidiaries. VI. CSR DETAILS [GRI 201-1] 24. CSR Details Whether CSR is applicable as per section 135 of Companies Act, 2013 Yes Turnover (in Rs. crores) 1,16,483.68 Net worth (in Rs. crores) 61,195.27
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