Integrated Annual Report 2024-25 448 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 @ ## 113 Pulse Hybren Private Limited ** 03/05/2024 INR1.0000 0.20 (0.03) 0.18 0.01 — — (0.03) — (0.03) — 60.01% 114 Quest Hybren Private Limited ** 03/05/2024 INR1.0000 0.20 (0.03) 0.18 0.01 — — (0.03) — (0.03) — 60.01% 115 Rhyme Hybren Private Limited ** 13/12/2024 INR1.0000 0.15 (0.01) 0.15 0.01 — — (0.01) — (0.01) — 60.01% 116 Steer Hybren Private Limited ** 29/11/2024 INR1.0000 0.15 (0.01) 0.15 0.01 — — (0.01) — (0.01) — 60.01% 117 Target Hybren Private Limited ** 06/12/2024 INR1.0000 0.15 (0.01) 0.15 0.01 — — (0.01) — (0.01) — 60.01% 118 Ultrogen Hybren Private Limited ** 29/12/2024 INR1.0000 0.15 (0.01) 0.15 0.01 — — (0.01) — (0.01) — 60.01% 119 Velos Hybren Private Limited ** 09/12/2024 INR1.0000 0.15 (0.01) 0.15 0.01 — — (0.01) — (0.01) — 60.01% 120 Martial Solren Private Limited 27/08/2020 INR1.0000 6.91 143.54 1,511.36 1,360.91 — 2.69 (11.57) — (11.57) — 60.01% 121 Mahindra Teqo Private Limited 05/01/2016 INR1.0000 0.13 80.34 157.73 77.26 — 223.04 13.20 2.67 10.53 — 80.00% 122 Marvel Solren Private Limited 10/10/2015 INR1.0000 27.82 27.24 122.63 67.57 — 20.76 1.01 0.54 0.47 — 100.00% 123 Mahindra Defence Systems Limited 30/07/2012 INR1.0000 16.72 524.40 1,374.17 833.05 69.04 960.17 88.55 18.83 69.72 12.54 100.00% 124 Mahindra Telephonics Integrated Systems Limited 22/04/2013 INR1.0000 50.78 (46.25) 73.39 68.86 8.03 63.31 5.40 — 5.40 — 100.00% 125 Mahindra Emirates Vehicle Armouring FZ—LLC 05/08/2010 AED23.2835 23.29 12.90 102.97 66.78 0.06 103.17 7.35 — 7.35 — 88.00% 126 Mahindra Armored Vehicles Jordan, LLC 31/03/2019 JOD120.6235 0.06 2.06 8.15 6.03 — 41.83 1.39 — 1.39 — 88.00% 127 Mahindra First Choice Wheels Limited 24/03/2008 INR1.0000 91.11 2.25 244.11 150.75 33.72 309.78 (18.80) — (18.80) — 56.46% 128 Mahindra Integrated Business Solutions Private Limited 18/01/2011 INR 1.0000 9.78 195.07 277.47 72.62 25.74 657.77 31.42 7.91 23.51 9.78 100.00% 129 Mahindra eMarket Limited 11/08/2014 INR1.0000 0.80 (1.93) 0.78 1.91 — — (0.04) — (0.04) — 83.47% 130 Mahindra Airways Limited 27/07/2016 INR1.0000 183.00 (8.78) 225.55 51.33 4.92 14.24 (0.96) — (0.96) — 100.00% 131 Mahindra Logistics Limited 12/12/2007 INR1.0000 72.13 627.12 2,318.29 1,619.04 418.99 5,012.56 58.18 14.68 43.50 18.01 57.97% 132 2 x 2 Logistics Private Limited 22/10/2012 INR1.0000 9.01 3.47 55.82 43.34 — 85.07 17.54 5.32 12.22 — 31.88% 133 Lords Freight (India) Private Limited 07/08/2014 INR1.0000 2.36 49.77 86.88 34.75 5.01 298.73 8.63 2.24 6.39 — 57.42% 134 MLL Express Services Private Limited 05/12/2019 INR1.0000 282.97 (300.92) 363.94 381.89 — 363.83 (97.34) — (97.34) — 57.97% 135 MLL Mobility Private Limited 05/12/2019 INR 1.0000 0.64 38.17 106.21 67.40 15.64 320.53 5.42 — 5.42 — 57.97%
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