Integrated Annual Report 2024-25 444 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 Proportion of ownership interest @ ## 22 Erkunt Traktor Sanayii A.S. # 01/12/2017 TRY2.2526 99.11 542.37 1,082.36 440.88 211.19 1,155.81 (68.38) 14.37 (82.75) — 100.00% 23 Erkunt Sanayi A.S. # 01/12/2017 TRY2.2526 3.41 299.54 649.17 346.22 45.47 822.40 (47.41) 16.43 (63.84) — 98.69% 24 Sampo Rosenlew Oy 29/09/2020 EUR92.6550 5.20 195.34 288.18 87.64 34.10 381.50 (71.89) — (71.89) — 100.00% 25 Swaraj Engines Limited 28/09/2022 INR1.0000 12.15 407.05 672.15 252.95 19.19 1,681.89 223.04 57.06 165.98 126.94 52.12% 26 Carnot Technologies Private Limited 17/03/2022 INR1.0000 0.17 4.61 9.71 4.93 — 23.08 4.17 0.05 4.12 — 73.00% 27 M.I.T.R.A Agro Equipments Private Limited 17/03/2023 INR1.0000 0.26 35.20 52.16 16.70 — 63.47 3.21 1.07 2.14 — 100.00% 28 Mahindra Solarize Private Limited 06/04/2020 INR1.0000 35.39 2.32 272.00 234.29 36.51 550.41 6.48 0.14 6.34 — 100.00% 29 Resurgence Solarize Urja Private Limited 29/08/2022 INR1.0000 9.98 (0.33) 49.08 39.43 — — (0.07) — (0.07) — 100.00% 30 Mahindra Agri Solutions Limited 16/08/2000 INR1.0000 128.65 (87.23) 271.65 230.23 57.17 327.17 5.69 — 5.69 — 99.06% 31 Mahindra Summit Agriscience Limited 09/10/2018 INR1.0000 188.11 (144.14) 159.64 115.67 — 191.25 (12.49) — (12.49) — 59.44% 32 Mahindra EPC Irrigation Limited 08/09/2011 INR1.0000 27.93 144.68 291.53 118.92 — 272.67 10.71 3.50 7.21 — 54.21% 33 Mahindra Top Greenhouses Private Limited 16/11/2018 INR1.0000 3.00 (2.95) 0.06 0.01 — — (0.02) — (0.02) — 32.53% 34 Mahindra HZPC Private Limited 25/04/2013 INR1.0000 49.64 (29.22) 97.16 76.74 — 86.67 10.52 — 10.52 — 59.39% 35 Mahindra Fruits Private Limited 09/07/2014 INR1.0000 12.33 (12.21) 0.59 0.47 — 0.46 * — * — 99.06% 36 Mahindra & Mahindra Financial Services Limited 30/09/1998 INR 1.0000 246.98 19,565.25 1,35,548.18 1,15,735.95 10,400.48 16,018.95 3,147.27 802.23 2,345.04 803.09 52.18% 37 Mahindra Insurance Brokers Limited 07/04/2004 INR1.0000 10.31 717.33 1,022.66 295.02 285.47 1,191.51 123.92 35.14 88.78 53.61 52.18% 38 Mahindra Rural Housing Finance Limited 09/04/2007 INR1.0000 122.46 1,137.84 7,877.34 6,617.04 402.00 1,186.79 (304.58) (76.64) (227.94) — 51.54% 39 Mahindra Manulife Investment Management Private Limited 20/06/2013 INR1.0000 382.94 (204.74) 226.59 48.39 161.31 74.03 (10.06) — (10.06) — 26.61% 40 Mahindra Manulife Trustee Private Limited 25/04/2013 INR1.0000 0.98 1.28 2.33 0.07 2.26 0.99 0.62 0.14 0.48 — 26.61% 41 Mahindra Ideal Finance Limited 08/07/2021 LKR0.2888 55.11 33.93 494.76 405.72 36.08 79.16 8.07 3.86 4.21 — 30.37% 42 Mahindra Finance CSR foundation 02/04/2019 INR 1.0000 * * 0.01 0.01 — 0.02 * — * — 52.18% 43 Mahindra Lifespace Developers Limited 30/03/2007 INR 1.0000 155.09 1,401.04 5,826.68 4,270.55 605.43 349.32 61.47 10.12 51.35 43.42 51.14%
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