FINANCIAL STATEMENTS | Standalone Accounts 363 S. No. Name of the entity 112 Mumbai Mantra Media Limited 113 NBS International Limited 114 New Democratic Electoral Trust 115 Officemartindia.com Limited 116 Ownership Services Sweden Ab 117 PSL Media & Communications Limited (w.e.f. 16th September, 2025) 118 PT Mahindra Accelo Steel Indonesia 119 Rathna Bhoomi Enterprises Private Limited 120 Resurgence Solarize Urja Private Limited 121 Ryono Asset Management Co., Ltd. S. No. Name of the entity 122 Ryono Engineering Co., Ltd. 123 Ryono Factory Co., Ltd. 124 Shreyas Stones Private Limited (w.e.f. 27th June, 2025) 125 SML Mahindra Limited (w.e.f. 1st August, 2025) (Formerly known as SML Isuzu Limited) 126 Sunrise Initiatives Trust 127 Swaraj Engines Limited 128 Sampo Rosenlew Oy (upto 30th September, 2025) 129 V-Link Freight Services Private Limited 130 ZipZap Logistics Private Limited 41. Related Party Disclosures: (contd.) (a) Related parties where control exists: (contd.) Subsidiaries: (contd.) (b) Other parties with whom transactions have taken place during the year: (i) Associates: S. No. Name of the entity S. No. Name of the entity 1 Tech Mahindra Limited 33 Tech Mahindra Sweden AB 2 Tech Mahindra Foundation (upto 8th January, 2026) 34 Tech Mahindra Spain S.L. 3 Sustainable Energy Infra Investment Managers Private Limited 35 Tech Mahindra France 4 Tech Mahindra (Americas) Inc. 36 Tech Mahindra Defence Technologies Limited 5 CIE Automotive India Limited 37 Tech Mahindra Holdco Pty Limited (upto 18th November, 2025) 6 Renew Sunlight Energy Private Limited 38 Tech Mahindra South Africa (Pty) Limited 7 Satyam Venture Engineering Services Private Limited 39 Tech Mahindra Servicos De Informatica S.A 8 Golde Wuhan Co., Limited 40 Tech Mahindra Servicos Ltda 9 CIE Aluminium Casting India Limited 41 Tech Mahindra DE Mexico S.DE R.L.DE C.V 10 Golde Pune Automotive India Private Limited 42 Tech Mahindra LLC 11 Tech Mahindra (Shanghai) Co. Limited 43 Tech Mahindra London Limited 12 Gelos Solren Private Limited (w.e.f. 15th December, 2025) 44 Tech Mahindra (Switzerland) SA 13 Mahindra Educational Institutions (upto 26th December, 2025) 45 Tech Mahindra Limited SPC 14 Pininfarina S.P.A. 46 Tech Mahindra Communications Japan Co., Limited 15 Mahindra Knowledge Park Mohali Limited 47 Tech Mahindra Cerium Systems Sdn. Bhd. 16 Mahindra Finance USA LLC 48 Tech Mahindra Network Services International Inc. 17 Tech Mahindra Consulting Group Inc. 49 Tech Mahindra GmbH 18 Tech Mahindra Arabia Limited 50 Tech Mahindra Norway AS 19 Tech Mahindra Digital Pty Ltd (upto 9th March, 2026) 51 Tech Mahindra Luxembourg S.a r.l. 20 Tech Mahindra Technology Services LLC (upto 20th June, 2025) 52 Tech Mahindra (Singapore) Pte Limited 21 Tech Mahindra (Thailand) Limited 53 Tech Mahindra Costa Rica Sociedad Anonima 22 Pt Tech Mahindra Indonesia 54 Tech Mahindra Colombia S.A.S 23 Tech Mahindra ICT Services (Malaysia) SDN. BHD 55 Tech Mahindra Fintech Holdings Limited 24 Tech Mahindra (Beijing) IT Services Limited 56 Tech Mahindra Egypt Technologies Tech 25 Tech Mahindra Mexico Cloud Services, S.DE R.L. DE C.V 57 Tech Mahindra Global Chess League AG 26 Tech Mahindra (Nigeria) Limited 58 Tech-Mahindra de Peru S.A.C. 27 Tech Mahindra Bahrain Ltd W.L.L 59 Tech-Mahindra Guatemala S.A 28 Tech Mahindra (Nanjing) Co. Limited 60 Tech-Mahindra Ecuador S.A 29 Tech Mahindra Technologies Inc. 61 Tech-Mahindra Panama, S.A. 30 Tech Mahindra Vietnam Company Limited 62 Tech-Mahindra S.A 31 Tech Mahindra IT Services NL B.V. 63 Mahindra Racing UK Limited (w.e.f 10th June, 2025 upto 16th November, 2025) 32 Brainbees Solutions Limited 64 PSL Media & Communications Limited (upto 15th September, 2025)
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