GROUP CEO & MD’S MESSAGE Dear Shareholders, A banyan tree does not rise in haste. It anchors. It listens. It grows … deliberately, boldly … until it becomes a world that creates value for everyone around it. At Mahindra, we have spent 80 years doing the same. As we mark this milestone year, it is both gratifying and uplifting to reflect on how far we’ve come … and how boldly we are charting the road ahead. Our journey, much like the banyan tree, has been one of strong foundations, deliberate growth, and a vision of creating shared value for all. Built for Scale FY25 was an exceptional year for the Mahindra Group, reflecting strong, broad-based growth and stellar execution across businesses. Revenue grew by 14%, reaching ₹1,59,211 crore, while profit after tax (PAT) soared 20% to ₹12,929 crore. Our Auto and Farm sectors continued to gain market share, expanding their profitability, and reinforcing their leadership positions. The launch of our Electric Origin SUVs redefines quality standards and marks a significant milestone in India’s EV journey. At Tech Mahindra, we strengthened client relationships and improved operational margins, and Mahindra Finance enhanced stability while achieving an impressive 33% profit growth. Meanwhile, our Growth Gems are scaling rapidly, establishing a strong presence in their respective markets and well on track to delivering the promise of 5x growth. Our Lifespaces business is developing greener buildings, Susten and our renewables InvIT are driving the transition to renewable energy, while our Last Mile Mobility venture is driving electrification of passenger and cargo 3 wheelers to reduce pollution in cities. Mahindra Logistics and Club Mahindra are delivering greater customer value, while Trucks & Buses and Aerostructures are charting an even more aggressive growth path. Additionally, our emerging growth gems (Accelo, Classic Legends, Car & Bike) are well poised to MAHINDRA & MAHINDRA LTD.
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