Mahindra Group | Business Upturn

Mahindra Holidays & Resorts India reports 7% increase in FY26 consolidated revenue

Business Desk — Mon, 27 Apr 2026 09:29:38 +0000

Mahindra Holidays & Resorts India Ltd., a leading leisure hospitality provider, has announced its audited standalone and consolidated financial results for the fourth quarter and the full financial year ending 31st March 2026. The company reported a 7% year-on-year increase in consolidated revenue for FY26, reaching ₹3,116 crore.

In FY26, Mahindra Holidays & Resorts India Ltd. accelerated its inventory expansion strategy, adding approximately 900 keys to its portfolio. The company achieved a strong growth in resort revenue, which increased by 12% year-on-year to ₹443 crore. The occupancy rate stood at 81% on the expanded inventory base, while the average unit realisation, including upgrades, rose by 77% year-on-year to ₹10.1 lakh.

The company’s membership upgrades amounted to ₹292 crore, marking a 17% increase compared to the previous year. As of 31st March 2026, deferred revenue was ₹5,779 crore, and cash reserves stood at ₹1,446 crore.

For the fourth quarter of FY26, the company expanded its inventory by 213 keys, bringing the total to 6,228 keys. Resort revenue for the quarter increased by 11% year-on-year to ₹120 crore. The company added three new managed resorts to its network in Dapoli, Maharashtra, North Goa, and Chikkamagaluru, Karnataka, while completing expansions in three existing resorts. Resort occupancy for the quarter was 82%.

Membership upgrades for Q4FY26 saw a significant growth of 33% year-on-year, amounting to ₹93 crore. The average unit realisation, including upgrades, reached ₹14.1 lakh, an 83% increase from the previous year. The cumulative member base stood at 3,03,906.

On a standalone basis, Mahindra Holidays & Resorts India Ltd. reported a total income of ₹1,613.3 crore for FY26, a 4% increase from the previous year. EBITDA grew by 21% to ₹592.8 crore, while profit before tax (PBT) increased by 20% to ₹323 crore. The profit after tax (PAT) excluding one-offs grew by 22% to ₹240.6 crore.

On a consolidated basis, the company reported a total income of ₹3,116 crore for FY26, a 7% increase from the previous year. EBITDA rose by 5% to ₹741 crore, while PBT decreased by 28% to ₹138.7 crore. PAT excluding one-offs increased by 2% to ₹136.3 crore.

Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, stated that the company continued to execute its growth strategy with network expansion and strong resort revenue growth. He also noted that international operations faced challenges due to geopolitical headwinds and economic slowdown in Finland.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Mahindra Group’s Mahindra Susten appoints Avinash Rao as MD & CEO, effective September 24, 2025

Aman Shukla — Mon, 25 Aug 2025 08:57:22 +0000

Mahindra Susten, the cleantech and renewable energy arm of the Mahindra Group, has announced the appointment of Avinash Rao as its new Managing Director and Chief Executive Officer, effective September 24, 2025. In his new role, Rao will spearhead the company’s ambitious growth strategy, aiming to expand and diversify Mahindra Susten’s portfolio across the renewable energy value chain.

Mahindra Susten is a leading independent power producer (IPP) in India, with over 1.6 GW of commissioned projects and a strong pipeline of nearly 3.6 GW spanning solar, wind, hybrid projects, and Commercial & Industrial (C&I) solutions. The company is also actively exploring emerging areas such as energy storage and integrated renewable energy solutions, setting benchmarks in clean energy supply, safety, quality, governance, and ESG practices.

Avinash Rao brings nearly 30 years of experience across conventional energy, power transmission, and renewable energy sectors. He has a distinguished record of building energy platforms from scratch across multinational utilities, infrastructure funds, and NSE-listed Renewable Energy InvITs. Most recently, he served as CEO of Sustainable Energy Infra Investment Managers Pvt. Ltd., the Investment Manager to Sustainable Energy Infra Trust (SEIT), India’s largest pure-play Renewable Energy InvIT listed on the NSE.

Prior to this, Rao held leadership roles at Edelweiss Alternatives-backed Sekura India Management Limited and CLP India, where he played a key role in building, acquiring, managing, and scaling renewable energy businesses.

With Avinash Rao at the helm, Mahindra Susten is well-positioned to accelerate growth, drive innovation, and expand its diversified renewable energy portfolio, reinforcing its position as a leader in India’s renewable energy sector.

Mahindra Group joins forces with Anduril to develop Autonomous Maritime Systems and AI Counter-UAS Tech

Aman Shukla — Wed, 19 Feb 2025 11:42:46 +0000

Mahindra Group, a global leader in innovation and technology, has announced a strategic partnership with Anduril Industries, a cutting-edge American technology firm specializing in autonomous systems. This collaboration aims to co-develop and co-produce state-of-the-art Autonomous Maritime Systems, AI-driven Counter-Unmanned Aerial System (CUAS) technologies, and advanced Command and Control (C2) software.

A key highlight of the collaboration is the development of modular Autonomous Underwater Vehicles (AUVs) for Security, Surveillance, Survey, and Reconnaissance missions. These AUVs will revolutionize underwater operations with rapid deployment capabilities.

Additionally, the partnership aims to enhance Counter-Unmanned Aerial Systems (CUAS), equipping defense forces with next-generation drone detection and neutralization technologies to combat aerial threats effectively.

Another significant initiative is the creation of a sensor fusion platform, designed to integrate multiple sensor technologies into an open API framework. This will streamline operations, accelerate technology adoption, and improve security infrastructure.

Vinod Sahay, Group Executive Board Member, Mahindra Group, stated, “Partnering with Anduril Industries marks a significant milestone in Mahindra Group’s commitment to developing advanced security and autonomous technologies. This collaboration combines our deep engineering expertise with Anduril’s innovative solutions to deliver cutting-edge capabilities that enhance security and address emerging threats.”

UP Police register FIR against Mahindra Group Chairman & 12 others

Vanshika Lodhi — Mon, 25 Sep 2023 11:16:12 +0000

Anand Mahindra, the chairman of the Mahindra Group, is facing a lawsuit in Kanpur after a man claimed that misleading safety promises led to his son’s death. The case was initiated when Rajesh Mishra, who lost his son Dr. Apoorv Mishra in a car accident on January 14, 2022, petitioned a local court to file an FIR. The FIR was lodged at the Raipurwa police station in Kanpur on Saturday, with Anand Gopal Mahindra, the manager of the car dealership, among those named.

According to Rajesh Mishra’s complaint, he purchased a Black Mahindra Scorpio SUV for Rs 17.39 lakh on December 2, 2020. He claims to have been influenced by Anand Mahindra’s advertisements and social media posts. The vehicle was gifted to his only son, with safety assurances from the advertisements playing a significant role in the purchase decision. On January 14, 2022, Dr. Apoorv and his friends were returning to Kanpur from Lucknow in the car when they met with an accident due to fog. Despite wearing seat belts, the airbags did not deploy during the accident, leading to Dr. Apoorv’s death. The complaint also alleges that there were no airbags in the car.

The case has been filed under various sections of the Indian Penal Code, including 420 (cheating), 287 (Negligent conduct with respect to machinery), 304-A (causing death by negligence), 504 (intentional insult with intent to provoke breach of the peace), 506 (criminal intimidation), and 102-B (criminal intimidation). SHO Aman Singh of Raipurwa has stated that an investigation into the case has begun and further action will be taken based on its findings.

Keshub Mahindra: Former Chairman of Mahindra Group & India’s oldest billionaire passes away at 99

Aayush Agarwal — Wed, 12 Apr 2023 05:40:50 +0000

Keshub Mahindra who was credited as India’s oldest billionaire passed away today on the 12th of April, 2023 as confirmed through an official communications tweet posted by INSPACe Chairman Pawan K Goenka.

Mr. Mahindra had joined the iconic Mahindra Group in 1947, and led the company as its chairman for 48 years leaving behind a powerful legacy.

As the chairman of the India’s leading international conglomerate between 1963 and 2012, under his leadership the firm got its first start by selling and manufacturing utility vehicles.

The Wharton graduate had recently re-entered the Forbes list of India’s Richest Billionaires for 2023 shortly after which, the news of his death was announced today.

He held a legendary presence in the nation as a well-known philanthropist who contributed to the cause of building ethical corporations in India. Appointed by the Government of India to serve on various committees, including the Sachar Commission on Company Law & MRTP, Central Advisory Council of Industries, and many more, Mr. Mahindra held a strong identity on national development and betterment of the people.

With a whopping net worth of $1.2 billion, he is survived by his family which is India’s iconic Mahindra Family inclusive of his nephew, Anand Mahindra, who currently holds the same position as the Chairman of the Mahindra Group.

Microsoft Co-founder Bill Gates meets his former Harvard batchmate Anand Mahindra and the God of Cricket

News Desk — Wed, 01 Mar 2023 13:31:21 +0000

Indian business tycoon, Anand Mahindra, and Microsoft co-founder, Bill Gates were batchmates at Harvard University. They reconciled during Gates’ visit to India on Tuesday. The two billionaires discussed about working together in the future. Gates, who has also authored several books, gave a copy of his signed book with wishes to his former batchmate.

The duo had last shared a time together during their college days before Gates dropped out of the Harvard University in 1975. The Indian billionaire studied film-making and architecture at Harvard University and graduated in 1977 with magna cum laude. Anand Mahindra went on to get his MBA in 1981 from Harvard Business School.

Apart from being his college mate, Bill Gates also met with Indian cricket legend, Sachin Tendulkar and his wife Anjali Tendulkar on Tuesday itself. The sports sensation revealed a few details about his discussion with the billionaire on his official twitter handle.

Image Credit: Twitter

Tendulkar has devoted a lot of time and resources for the improvement of children’s healthcare in India. The duo talked about improving and resolving issues related to healthcare facilities for children around the globe. The cricketer has been working actively in providing proper education and healthcare to children through the Sachin Tendulkar Foundation. Further, he has admitted that he and Gates have agreed upon a meaningful partnership for this initiative.

Apart from Tendulkar, his wife is an inspiration since she sacrificed her career to raise their kids while the cricketer was off on tours. The cricketer himself revealed this during an interview, showering praises for his wife. He had told that Mrs. Tendulkar was outstanding in her profession, and also being a gold medalist, she had major dreams just like any competitor in the world. However, she sacrificed her dreams to take care of their kids, namely Sara Tendulkar and Arjun Tendulkar, the legend added. “It wasn’t an easy thing to do, but Anjali managed to pull it off for the sake of her family”.

Mahindra partners with Hero to make electric bikes

Sathvika Chelakani — Wed, 19 Jan 2022 08:44:20 +0000

Hero Electric and Mahindra Group Hero Electric and Mahindra Group have today announced their partnership to manufacture Electric bikes. As per the agreement, Mahindra group will manufacture Hero Electric’s electric bikes; Optima and NYX, at their Pitampur plant to satisfy the growing demands of the market.

With this collaboration along with the expansion of their present Ludhiana facility, Hero will be proficient enough to meet its demand of manufacturing over 1 million EVs per year by 202 2. This will aid them to drive adoption of a cleaner mode of transport.

“Hero Electric has been leading the Electric two-wheeler sector in the country. To further deepen its roots and strengthen the leadership, Hero Electric has endorsed a partnership with the Mahindra Group, which is leading the EV transition in the electric three and four-wheeler space. This coming together of two industry leaders is to further enhance the manufacturing capabilities to meet demand and utilize Mahindra Group’s robust supply chain to reach newer centres in the country,” says Naveen Munjal, MD, Hero Electric.

The long-term partnership will also see both the companies make the most out of each other’s deep knowledge of EVs and drive new product development in the next few years. We look forward to creating more synergies with them in the near future,” he further added.

The collaborating efforts will be a key factor in flourishing the platform approach to help electrification of the Peugeot Motorcycles portfolio. This is expected to add a major value to both entities through optimization of costs, timelines, and shared resources in this dynamic, rapidly growing global EV environment.

Mahindra Holidays and Resorts announces Q2 results, net profit at ₹59.76 crores, revenue up by 13.51%

Cheryll Jain — Fri, 22 Oct 2021 12:45:07 +0000

Mahindra Holidays and Resorts India on Friday, October 22, announced its performance metrics for the second quarter of the current fiscal year. It reported an over 139 per cent increase in its combined net profits at Rs. 59.76 crores for the quarter ending September 30.

Owing to the ease in COVID-19 related restrictions and the gradual rise in the rate of domestic travel, the company also posted a consolidated Profit After Tax (PAT) of Rs. 28.7 crores during the quarter under review.

Disclosing the quarterly results in a regulatory filing to the board, Mahindra Holidays and Resorts India Ltd.’s Managing Director and Chief Executive Officer Kavinder Singh revealed that the company’s performance even surpassed that of pre-pandemic levels during the Q2FY22.

He credited this achievement to MHRIL’s commitment to increasing operations at its resort locations after the second wave of COVID-19 with “world-class safety and hygiene protocols.”

Meanwhile, overall revenue from operations during the Q2FY22 stood at Rs. 546.40 crore, a rise of 13.51 per cent from the Rs. 481.37 crore reported during the same quarter last year.

On the resort operational front, MHRIL reported that it has amassed 3,943 new memberships as compared to 2,681 membership additions during the corresponding quarter last year. Moreover, the operational occupancies of its total room inventory of 4,233 rooms across 78 resort locations rose to 73 per cent during the July-September quarter.

MHRIL’s operations in Europe have also seen an improvement due to widespread vaccine rollout and easing travel restrictions, Kavinder Singh stated.

The CEO asserted that MHRIL’s resilient business model and its increased focus on improving member experience has helped the company achieve higher operational results across all its operating locations.

“With the onset of the summer holiday season and domestic leisure travel gaining momentum, Holiday Club Resorts delivered significant improvements in performance with profit before tax of euro 2.45 million this quarter,” he added.

Anand Mahindra tags SII CEO Adar Poonawalla in a spoof vaccine ad

Arnav Dogra — Fri, 12 Feb 2021 11:43:13 +0000

A parody version of a Valentine’s Day inspired advertisement was showcased on the American late-night talk show hosted by Jimmy Kimmel.

Yesterday, the Chairman of Mahindra Group, Anand Mahindra shared the comical Covid-19 vaccine advertisement video and tagged the Chief Executive Officer of Pune-based Serum Institute of India jokingly pointing out that he needn’t have another advertisement made.

The tweet stated – “Hilarious. ⁦@adarpoonawalla you have a readymade advertising brief. Vaccines are forever…”

https://twitter.com/anandmahindra/status/1359876941218803713

The advertisement is hilariously titled ‘one shot at the perfect gift’ for Valentine’s Day and shows a man proposing to his partner. When the man opens the ring case, instead of a ring, the box contains a vial of the Pfizer vaccine.

Mimicking major diamond ring advertisements, the narrator says, “don’t just be her somebody, be her anti-body,” and then tells the viewers to “inoculate yourself with COVID-19 vaccine.”

The video shared by Anand Mahindra has since been replayed over 110,000 times on Twitter and has 4800+ likes and 500+ retweets.

Anand Mahindra has a reputation for being funny and making comical statements in interviews and on his various social media handles.

Prior to Q3 results, Mahindra & Mahindra stock reaches 52-week high

Arnav Dogra — Thu, 04 Feb 2021 08:04:12 +0000

The stocks of Indian firm Mahindra & Mahindra reached their 52-week high of Rs 992 after rising over 19% in the last 4 days since the Union Budget announcement. This rally has been credited to the sharp increase in tractor sales volume.

Mahindra & Mahindra sold nearly 35,000 units in January 2021, which was 50% higher than the sales volume in January 2020.

With an overall increase in the amount of land over which the rabi crop is planted, the tractor demand has become stronger. Another reason is that this year the water supply has been strong with very high reservoir levels which have enabled higher liquidity to the farmers.

The company reckons that the demand will remain consistently strong due to these factors.

In November, the farm had stated that it was launching a new tractor series called the ‘K2’ through its Farm Equipment Sector (FES), which will only be produced at the company’s tractor manufacturing facility at Zaheerabad in Telangana.

The company had stated, “The new K2 series is Mahindra’s most ambitious light-weight tractor program. K2 will bring incremental investments of Rs 100 crore into Mahindra’s Zaheerabad facility and double employment in the tractor plant by 2024.”

M&M share price was trading at Rs 864.60, which was up by 3.77% intraday.

Mahindra & Ford’s plans of joint venture called off

Devanshu Singla — Fri, 01 Jan 2021 07:23:12 +0000

The much-awaited joint venture between Mahindra & Mahindra and Ford Motor Company has been called off due to significant changes in the global business environment due to COVID-19 pandemic. The decision follows the passing of the December 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October 2019.

The statement from the company said, “Ford Motor and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies.”

According to the companies, the decision to call off the JV “was driven by fundamental changes in global economic and business conditions – caused, in part, by the global pandemic – over the past 15 months. Those changes influenced separate decisions by Ford and Mahindra to reassess their respective capital allocation priorities.”

In a statement to Bombay Stock Exchange, Mahindra & Mahindra said “This decision will not have any impact on its product plan. It is well-positioned in its core true SUV DNA and product platforms with a strong focus on financial performance. In addition, Mahindra is accelerating its efforts to establish leadership in electric SUVs.”

Ford Motor in a statement said, ” We are actively evaluating the business around the world, including in India, making choices and allocating capital in ways that advance Ford’s plan to achieve an 8% company adjusted EBIT margin and generate consistently strong adjusted free cash flow.”

“The company has set its sight on developing and delivering high-quality, high-value, connected vehicles – increasingly electric vehicles – and services that are affordable to an even broader range of customers and profitable for Ford” it added.

The Background:

On October 1, 2019, both brands had signed an agreement in Mumbai to create a joint venture that will develop, market and distribute Ford vehicles in India along with Ford and Mahindra vehicles in high-growth emerging markets overseas. The JV (joint venture) was going to see Mahindra having the 51% controlling stake and 51% of the equity share capital of Ardour Automotive Private Limited, a wholly-owned subsidiary of Ford Motor Company (“NewCo”) in India and Ford owning the balance 49% equity shareholding in NewCo. Ford was going to transfer its India operations to the JV, including its personnel and assembly plants in Chennai and Sanand. Ford was to retain the Ford engine plant operations in Sanand as well as the Global Business Services unit, Ford Credit and Ford Smart Mobility.

The enterprise value of those assets was pegged at Rs 1,925 crores. After adjusting for FIPL’s debt of Rs 636 crore, which the new company will assume, Ford and Mahindra were to pay the remaining Rs 1,289 crore in cash. Mahindra will pay 51% of this, which comes to Rs 657 crore and Ford will foot the remaining capital in the new entity.

The JV was planned to be the next step in the strategic alliance forged between both brands back in September 2017 and aimed at exploiting new mobility opportunities, among other things.

Future Plans:

In its official statement in the US, Ford said its independent operations in India will continue as is.

Ford likely to enter into contract manufacturing arrangement with Mahindra for future products.

Mahindra and Ford have been in talks for over three years now and have previously signed several agreements, including ones to co-develop an SUV and connected vehicles technology, and sharing engines.

The agreements to share BS-VI petrol engines and C segment SUV have already been formalized. The project W605 – C SUV for Ford based on the new generation Mahindra XUV platform has already been kicked off and is likely to hit the roads by end of 2022 and both Mahindra and Ford have actively negotiated the joint B SUV project called B772 including an electric vehicle.

List of subsidiary companies of the Mahindra Group listed on NSE, BSE

Chittesh Dalmia — Tue, 24 Nov 2020 11:15:23 +0000

The Mahindra Group commenced its operations in 1945 with the journey pivoting from the steel business, to expanding to 22 industries till 2020. Originally Muhammad & Mahindra, it was founded by brothers J. C. Mahindra and K. C. Mahindra, and Malik Ghulam Muhammad in Ludhiana, Punjab.

Here is a list of subsidiary companies of the Mahindra Group that is listed on Indian Exchanges i.e. National Stock Exchange (NSE) and BSE ltd.

Mahindra & Mahindra Limited – Mahindra & Mahindra Limited is the flagship Company of the Mahindra Group. The company provides a range of products ranging from SUVs to commercial vehicles, tractors, two-wheelers, and construction equipment. With its presence in over 100 countries across the globe, it has
Tech Mahindra – Tech Mahindra represents the technological arm of the conglomerate. It’s aim is to connect the world, through offering innovative and customer-centric information technology experiences, Blockchain, 5G, and Cybersecurity. It has recently partnered with RUAG International to enhance customer experience and faster time-to-market.
Mahindra & Mahindra Financial Services Limited – Mahindra & Mahindra Financial Services Limited (MMFSL) serves as the captive financier of the group. It has a network of over 1300 offices, serving customers in more than 3, 70,000 villages. It has assets under management (AUM) of over Rs. 81,000 crores. It further has subsidiary under its control like Mahindra Insurance Brokers Ltd. (MIBL), Mahindra Rural Housing Finance Ltd. (MRHFL), Mahindra Manulife Trustee Private Limited (MMTPL).
Mahindra CIE Automotive Limited – Mahindra CIE Automotive Limited (MCAL) formerly Mahindra Forgings Limited is a multi-technology automotive components supplier. It is in the business of manufacture and supply of engine and chassis forged components for commercial and passenger vehicles such as crankshafts. The company is a subsidiary of the CIE Automotive group of Spain; an industrial group specialized in supplying components and subassemblies for the automotive market.
Mahindra Holidays & Resorts India Limited – Mahindra Holidays & Resorts India Limited (MHRIL) is the Leisure and Hospitality arm of the Mahindra Group. Started in 1996, the company’s flagship ‘Club Mahindra Holidays’, today has a customer base of 220,000 members and 61+ resorts at exotic places in India and international locations.
Mahindra Logistics Limited – Mahindra Logistics Limited is one of India’s largest 3PL solutions providers in the Indian logistics industry established in 2000. It is formed with a focus on Rural Transportation, operating in two business segments: Supply Chain Management (SCM) and corporate People Transport Solutions (PTS).
Mahindra Lifespace Developers Limited – Mahindra Lifespace Developers Limited is established in 1994, as the real estate and infrastructure development business. The Company is committed to transforming India’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and ‘Happinest’ brands and through its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra World City’ brands. It has projects in Mumbai Metropolitan Region (MMR), Pune, Delhi NCR, Jaipur, Chennai & Bengaluru.
Mahindra EPC – Mahindra EPC formerly known as EPC Irrigation Limited provides total solution for agriculture with a focus on micro-Irrigation, Pumps & inter-related requirements of fertigation & agronomic support. It has a subsidiary in the name, Mahindra Top Greenhouses Private Limited.

Though Mahindra Electric Mobility Limited is not at the moment listed on the exchange, an offer for sale is likely with the Government pushing the EV industry. The company designs, develops, and manufactures electric powertrains, motor controllers, systems integration, and electric vehicles. It has the city smart hatchback e2oPlus, the electric sedan eVerito and the electric commercial vehicle eSupro (passenger and cargo) currently in the market.

The Mahindra Group boasts of employing more than 250,000 employees overall in it’s 150 companies. It is planning to sell stake in over 10 loss-making units. Anand Mahindra, the Chairman of the group with net worth of $1.8 Billion is an alumnus of Harvard University. In 1996, he had established Nanhi Kali, a non-government organisation that supports education for underprivileged girls in India.

Proud to share that we have re-emerged as a leader in the @SPGlobal Dow Jones Sustainability Indices 2020 for the 6th consecutive year reflecting our commitment towards driving #Sustainability agenda across ESG principles

Read more – https://t.co/VFcVGzbRb0 #DJSI #loveToBeTechM pic.twitter.com/KeIbL6GM4z

— Tech Mahindra (@tech_mahindra) November 19, 2020

A tweet from a month ago, but worth sharing as we renew our ambition to build new cities… https://t.co/FafhaOuf3N

— anand mahindra (@anandmahindra) November 18, 2020

Mahindra charts plan to take 10 units public, sell loss-making units

Shalmali Bhagwat — Thu, 19 Nov 2020 06:54:42 +0000

Mahindra and Mahindra Ltd (M&M) is designing plans to take 10 of its most promising units public in the next 5-7 years as the automobiles-to-software conglomerate has set its goal to unlock maximum value in these units by involving new investors. M&M has identified the 10 companies, across sectors such as mobility, clean energy, rural, financial services, infrastructure and technology, to chart the course of the future growth of the group, Anish Shah, group chief financial officer and deputy managing director at M&M, said in an interview.

The 10 units identified by Mahindra and Mahindra include cleantech firm Mahindra Susten, diesel generator maker Mahindra Powerol, electrical steel processor Mahindra Accelo and supply-chain consultant Bristlecone. Classic Legends Pvt. Ltd, the maker of Jawa Motorcycles; Mahindra Electric Mobility, the maker of the Reva electric car and used-car seller First Choice Wheels are also among the 10 companies that will make its shares available to the public for the first time.

These 10 gems were identified as part of M&M’s strategic plan to ensure 18% return on equity (RoE) across all business units in the mid-term, he said. To meet this goal, the company is to sell loss-making units including SsangYong Motor Co, the US-based electric bike startup GenZe and Australia-based small aircraft maker GippsAero Pty Ltd.

“We would expect 2-3 businesses to IPO in the next 2-3 years; some will go public in 3-5 years and others in 5-7 years,” Shah said. “While their (10 gems) contribution to M&M’s overall revenues is low, currently, their cumulative revenues are more than ₹10,000 crore, which is not a small amount. So, these are all entities that have a reasonable size as of today. This is in addition to the fact that they are doing well in their respective industries,” Shah said.

“They are positioned well, they have shown a strong ability to execute and deliver profits, and many of them are profitable and are generating cash. Many of them will not require more cash from the parent to grow,” he further added.

Shah will succeed the current managing director and chief executive officer Pawan Goenka in April.

Sensex closes at 44,180, Nifty at 12,938: Mahindra & Mahindra biggest gainer, HUL lagged behind

Shalmali Bhagwat — Wed, 18 Nov 2020 11:07:05 +0000

Sensex, Nifty close at new highs today. Benchmark equity indices showed a quick recovery in the latter part of the session on Wednesday to end at record highs with banks, financials and auto stocks occupying the top layer. Sensex added 227 points to close at 44,180, while Nifty locked in 0.5% higher at 12,938. Mahindra & Mahindra (M&M) was the biggest gainer, soaring up 11%, while Bajaj Finserv closed around 7% higher and HUL lagged behind. On the Sensex, 15 stocks advanced and an equal number declined. On Nifty, 26 shares stepped up and 24 slid down. Mid-cap and small-cap stocks were the special highlights in trade today.

Shares of Lakshmi Vilas Bank were stuck at the 20% lower circuit, fearing that shareholders may lose their equity value if the Reserve Bank of Bank’s proposal to merge LVB with DBS India goes through. BSE benchmark Sensex boomeranged back after a day’s low following a rally in select private lenders. HDFC twins, Axis Bank and IndusInd Bank shares sped up after the SC deferred moratorium hearing to November 19. HDFC Bank stock also hit 52-week high along with Adani Gas and Tata Motors.

The top gainers were Adani Gas Limited, SpiceJet Limited, Hatsun Agro Products Limited, WABCO India Limited and M&M Limited. The top losers were Astral Poly Technik Limited, Thyrocare technologies Limited, Just Dial Limited, NDR Auto Components Limited, Mas Financial Services Limited. Shares of M&M secured more gains for the third straight session on Wednesday after the company on Tuesday announced it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024.

RIL, IT and FMCG stocks kept gains in check. BSE Auto, Capital Goods paced up over 3% each and SpiceJet shares increased 13% on HSBC upgrade. ONGC has not budged since results were announced last week and only declined as much as 45% since its pre-COVID-19 high.

“The markets opened on a flat note and after a knee jark movement down continued to trade in the green rest of the day. We view 12,930-12,950 as a potential supply zone and the market is currently trading near to it. While technical evidence from momentum indicators like RSI, MACD is not supporting the rally and cyclically market is about to enter into a corrective phase, the investor should use the rally to scale down their position gradually. On the downside, 12770-12790 is likely to act as a support zone” as opined by Ashis Biswas, CapitalVia Global Research Limited.

Anand Mahindra shares his Independence Day ritual on Twitter; netizens love it

News Desk — Sat, 15 Aug 2020 08:44:18 +0000

As India celebrates its 74th Independence day, Anand Mahindra, Chairman of the Mahindra Group, shares on Twitter his special ritual that he follows before every Independence Day. He posted a video of a little kid singing the national anthem. And even though, the kid struggles to pronounce the words correctly, his innocence, concentration, and enthusiasm are almost infectious. This boosts the spirits of Anand Mahindra as he’s moved by this beautiful rendition of the national anthem.

I saw this first a year or more ago. I’ve stored it and I watch it every year to get my josh up before Independence Day. It moves me as much as the best rendition of our anthem by the most accomplished musicians. His innocence & concentration gets me every time. #friday pic.twitter.com/gFnj66cisd

— anand mahindra (@anandmahindra) August 14, 2020

Like Anand Mahindra, netizens also loved the video. The video instantly went viral and managed to garner more than 680.5k views. Many took to the comments section to praise the kid.

Morale booster for every Indian.

— Navin Rao (@tekconsult) August 15, 2020

So cute and so beautiful very innocently sung it God bless him

— AVSSuresh (@AVSSuresh4) August 15, 2020

Can’t Get Enough Of This Cute Boy and His National Anthem 😁

— Shri17thSeptember (@Friendone4all) August 15, 2020

Anand Mahindra invests $ 1 million in a startup called Hapramp

Anushka Sharma — Wed, 10 Jun 2020 11:36:48 +0000

Anand Mahindra chairman of Mahindra Group invested $ 1 million in a Gurugram based startup working on technologies like blockchain and social media called, Hapramp. It was founded in 2018 by five students from the Indian Institute of Information and Technology in Vadodara.

Mr Mahindra announced a funding opportunity for an Indian social media startup that met certain criteria two years back. Today he tweeted, “Took 2 yrs, but I finally found the start-up I was looking for! @Hapramp is indigenous, built by 5 young founders & brings together a best-in-class combination of creativity, technology & data protection. Look out for @gosocial_app their social networking platform.”

Took 2 yrs, but I finally found the start-up I was looking for! @Hapramp is indigenous, built by 5 young founders & brings together a best-in-class combination of creativity, technology & data protection. Look out for @gosocial_app their social networking platform. @j_bindra https://t.co/9mFwzjQXjF

— anand mahindra (@anandmahindra) June 10, 2020

Ex- Mahindra executive, Jaspreet Bindra who was assigned the duty of finding a next-gen Indian Social Media startup said, “The Hapramp team is building a Web 3.0 social network. It is built on emerging digital technologies, has a solid business model which rewards content creators, protects personal data, and best of all, is built here locally in India.”

Hapramp operates 1Ramp. io, a social media platform powered by Steem Blockchain and Asteria Protocol along with its flagship social networking solution, GoSocial.

GoSocial allows users to take creative challenges designed by artists, writers, designers and get rewarded. The current focus of the startup is on building userbase and monetisation will happen eventually.

While interacting with a popular news agency PTI, Chief Executive Officer and co-founder of Hapramp Mr Shubhendra Vikram said, “We are honoured and excited. This is a massive approval of our mission to give creators the right to their content. We plan to use the funds to expand our platform and want to empower creators.”

Presently, the app is available on Play Store but soon it will be made available for App Store as well. It has managed to gain 50,000 users in three months and the startup aims to increase the number to 10,00,000 by the end of the year.

As of now, the startup is run by 12 employees. However, according to Shubhendra, the firm has started to consider hiring and will be a team of 25-30 people by the end of the year.