Mahindra & Mahindra Stock

Mahindra & Mahindra Limited, through its subsidiaries, engages in the manufacture, distribution, and sale of tractors, multi-utility vehicles, light commercial vehicles, and three wheelers. It also designs, develops, manufactures, and markets implements that are used in conjunction with tractors. The group operates in Automotive, Farm Equipment, Information Technology solutions, Trade and Financial Services, Infrastructure Development, and Automotive Component sectors.

Automotive Sector

The Automotive Division manufactures utility vehicles, light commercial vehicles and three wheelers. The company’s products in this segment include Bolero Range, which includes Bolero and Bolero Camper; Pickup Range, which includes Utility, Pik-Up, NC 640DP, Pik-Up CBC; MaXX Range that includes MaXX and MaXX-LX; CL Range that includes 500-550MDI; MMRange that includes 540/550 DP, 540/550 XDB and 550 PE; Commander Range that includes 650 DI, 750 ST and 750 DI Long; Hard Top Range, which includes Economy, Marshall DI, 775 XDB, 3 Door, 5 Door, Marshall Deluxe and Marshall Royale; Voyager Range that includes Voyager, Voyager Delivery Van and Voyager Ambulance; LCV Range that includes CabKing 576, FJ470-DS4 High Roof Omnibus, DI 3200, FJ Minibus, Tourister, Cabking 576DI and Loadking DI; Three Wheeler Range that includes Champion DX and Champion; Alternative Fuel Range that includes CNG, Bijlee and FJ CNG Minibus; Army Range that includes Rakshak and 550 XD; and Export Range that includes Single Cab, Double Cab, 4WD, MM-775 and Classic. M&M's automotive division also exports its products to several countries in Africa, Asia and European & Latin American countries.

Mahindra Defense System

Military Vehicles: The Company's Military Vehicles include Double Strecher Ambulance, Weapon Carriers, Rapid Intervention Vehicles, Water Trucks, Light Logistic Carriers and Station Wagons. MDS also carries out Bullet Proofing of vehicles and Cash in Transit Vans.

Farm Equipment Sector

The Tractor (Farm Equipment) Division makes agricultural tractors and implements that are used in conjunction with tractors. This division has also ventured into manufacturing of industrial engines. The Company also designs, develops, manufactures and markets tractors, as well as implements which are used in conjunction with tractors. The tractor industry in India is segmented by horsepower into the lower segment of 25 HP, mid-segment of 35 HP and higher segment of 45 HP and above. The Company's Farm Equipment Sector has a presence in all these segments across all states.

The Farm Equipment Sector has also ventured into manufacturing of Industrial Engines. M&M Industrial engines are used for various applications like Genset, Industrial, Construction, Marine Compressors. These engines are manufactured at the Company's state of art Engine Assembly plants at Kandivli and Nagpur. M&M exports tractors to United States, Nepal, Bangladesh and Sri Lanka and African countries like Uganda, Nigeria and Zambia.

Products

The Company's Tractors Below 30 HP include Yuvraj, 265 DI Sarpanch, 265 DI Bhoomiputra. Tractors Between 30-40 HP include Arjun 445 DI, 275 DI TU Sarpanch, 275 DI TU Bhoomiputra, 475 DI - Sarpanch and 475 DI - Bhoomiputra. Tractors Above 40 HP include Arjun 555 DI, Arjun 605 DI, 575 DI - Sarpanch, 575 DI Bhoomiputra, 585 DI - Sarpanch. Farm Implements include Rigid Tine Cultivator, Mounted Offset Disk Harrow, Spring Loaded Tiller, Mounted Disc Plough, Leveller, Mounted Mould Board Plough, Heavy Duty Tiller and Reversible Plough.

Information Technology Solutions

The Company's IT solutions include Management Information Systems to high end Knowledge Management Systems involving customized Internet Search Robots, Document and Database Management Systems. The Company also provides Digital Consulting, E-Security, Modeling/Simulation and Mobile Computing, as well as Real Time Decision Support Systems. MDS has also undertaken proactive development of Mobile Battlefield/ Border Surveillance Platforms, Simulators for training in Small Arms, as well as Virtual Reality based training systems.

MDS products include Light Armoured Multi Role Vehicle, Bullet Proof Vehicle, Mahindra Field Ambulance, Rapid Intervention Vehicle, High Mobility Multi-role Vehicle, All Terrain Vehicle for Officers, Dual Purpose Vehicle and Versatile Multi-role Vehicles.

Trade and Financial Services Sector

Mahindra Intertrade, Ltd.: Mahindra Intertrade, Ltd. undertakes imports, exports, third country business, domestic trading & marketing & distribution activities. MIL handles Metals, Ferro Alloys, Application Engineering products, Consumer Goods and Engineering goods.

Mahindra Steel Services Center, Ltd.: MSSCL supplies cut-to-length steel blanks and silt coils to the automobile and home-appliances industries. The main plant has processing lines, such as a feeder line, a slitting line, a shearing line and an electrical sheet slitting line.

Mahindra and Mahindra Financial Services, Ltd.: M&M with Kotak Mahindra Finance as a promoter, MMFSL is in the business of finance, leasing and hire purchase. The company lends monetary muscle to M&M's dealers and customers, and to other small businesses by extending short-term, lease and hire-purchase finance.

Information Technology Sector

Mahindra British Telecom, Ltd.: MBT offers solutions and Systems integration services to Telecom operators, Telecom equipment manufacturers and Telecom technology suppliers.

Bristlecone: The Company acquired Bristlecone, a provider of extended supply chain solutions, and a business and development partner of SAP, empowers Global 2000 companies and SMBs alike to build scalable IT infrastructure and solutions that support their value chain processes. Bristlecone’s capabilities span multiple business process solution areas such as ERP, SCM, Business Intelligence and Application Integration & Management Services. Bristlecone has an established track record of value creation for clients in industries such as high tech, footwear and apparel, oil and gas, consumer product and automotive. Its clients include Motorola, Mahindra & Mahindra, Palm, Nike, Unilever, General Motors, Shell and Pennzoil.

Mahindra Logisoft Business Solutions Pvt, Ltd.: The company is a joint venture with TVS family that brings domain expertise in automotive industry. With the acquisition of Information Services Division of Mahindra Holidays & Resorts the company also possesses domain knowledge of hospitality industry. The company's product range includes Autopower - a solution for automotive dealerships, HumanEdge (HRMS) for human resource management, and ConnectEDGE - an interactive GUI software tool, designed to address specific needs of achieving customer care and relationship.

Mahindra Special Services Group: Mahindra Special Services Group (MSSG) helps organizations develop customized Information Security strategies to derisk their businesses and to protect their competitive advantage. MSSG's service offerings help to identify, mitigate and manage the risk exposure of the organization irrespective of its industry and the nature of the business. MSSG's clientele include MNCs, banks, corporates, shipping, pharmaceuticals, financial / manufacturing organizations, training establishments, contact centres and state security agencies.

Mahindra Engineering Services: Mahindra Engineering Services division engages in product designing and development, tools designing and manufacturing and parts manufacturing.

Infrastructure Development Sector

Mahindra & Mahindra host of companies operate in real estate, project consultancy and design, engineering consultancy, the hospitality industry.

Mahindra Acres Consulting Engineers, Ltd.: The company's business lines encompass the power sector (hydroelectric, thermal, and transmission and distribution), transportation (air, water and ground transportation), and mining and heavy industries. Its services include planning, design and project and environmental management in the civil, electrical, mechanical, hydraulic and geo-technical disciplines. MACE leverages the considerable technical and financial resources of the Mahindra Group to stand tall in the country's consulting engineering industry.

Mahindra Holidays and Resort India, Ltd.: The Company has a customer base of over 15000 members and 7 beautiful Resorts at some of the exotic spots in India, such as Goa, Munnar, Ooty, Manali, Kufri, Mussoorie and Binsar.

Mahindra Industrial Park, Ltd.: MIPL is located near to the Chennai airport, Mahindra City encompasses 1400 acres of infrastructure-ready space surrounded by hills, lakes and a reserve forest. Mahindra City offers ambience to companies in the IT, ITES, Biotech, Hardware, Apparel and other non-polluting industries.

Mahindra AshTech, Ltd.: Mahindra AshTech, Ltd. (MATL) is a wholly owned subsidiary of Mahindra & Mahindra Ltd. It is in the business of turnkey contract execution for Ash Handling Systems and Traveling Water Screens. MATL has a well-equipped manufacturing facility in the heart of Mumbai city with Regional/Branch offices at New Delhi and Calcutta.

Automotive Component Sector

The Company supplies its material to major OEMs such as Telco, Ashok Leyland, Maruti Udyog and Bajaj Auto. The sector also exports to the United States and to European markets.

Siro Plast, Ltd.: Siro Plast manufactures engineered composites such as sheet-moulding compounds and dough-moulding compounds. Its partnership with Menzolit GmbH of Germany provides Siro Plast the latest technology in formulations, manufacturing processes, application engineering, and mould design and manufacturing. Its products are made using different types of reinforcements, such as chopped glass roving, chopped strand mats, continuous roving and synthetic fibres. Siroplast's customer list includes M&M, Telco and Ashok Leyland.

MUSCO: MUSCO produces various categories of alloy steel in various sizes, shapes (such as rounds, squares, flats and bars) as per specifications. MUSCO's products have demand from automobile, engineering and capital goods industries. It supplies panels to various auto OEMs including Ashok Leyland, TELCO and M&M.

Mahindra Engineering and Chemical Products, Ltd.: Mahindra Engineering and Chemical Products, Ltd. operates two divisions, M-Seal Division is engaged in manufacturing and marketing of products for Energy Sector and Engineering Division is a major manufacturer of material handling equipment. M-Seal product range includes Cable Jointing Kits and accessories, Electrical Insulating compounds and Composite Fibre products. Engineering Division products include a range of conveying equipment and systems for Cement, Chemicals, Steel, and allied Process industries.

Joint Ventures

International Truck and Engine Corporation entered into a joint venture agreement with Mahindra & Mahindra, Ltd. of India to produce diesel engines for medium and heavy commercial trucks and buses in India. The joint venture, to be named Mahindra International Engines Ltd. (MIEL), would be 51% owned by the Mahindra & Mahindra (M&M) and 49% owned by Warrenville, III-based Navistar, North America's combined commercial truck, school bus and mid-range diesel engine producer.

Navistar International Corp. and Mahindra & Mahindra, Ltd. have formed a joint venture, Mahindra International Engines, Ltd, which would produce diesel engines for medium and heavy trucks and buses in India. The venture would be 51% owned by M&M and 49% by Navistar.

Mahindra & Mahindra Ltd. has entered into a joint venture with the National Aerospace Laboratories (NAL) to design and develop a new general aviation aircraft.

The company has entered into a 51:49 joint venture agreement with the International Truck and Engine Corporation. The two partners have decided to produce 70,000 units of medium and heavy commercial vehicles per year to meet both domestic and overseas demand.

In December 2007, a wholly owned affiliate of Navistar International Corp. signed a joint venture agreement with Mahindra & Mahindra Ltd. (M&M) of India to produce diesel engines for medium and heavy commercial trucks and buses in India. The joint venture, to be named Mahindra International Engines, Ltd. (MIEL), would be 51% owned by M&M and 49% owned by Warrenville IL-based Navistar.

MWM, a wholly owned affiliate of Navistar International Corporation, and Mahindra & Mahindra, Ltd. have formed a joint venture named Mahindra International Engines, Ltd. (MIEL), which would manufacture diesel engines for medium and heavy commercial trucks and buses in India. M&M would hold 51 % stake in the joint venture, while Navistar would hold 49 %.

The company has launched its sports utility vehicle, Scorpio, and Pik-Up range in Brazil in partnership with Brazil's Bramont. A new facility with an annual capacity of 5,000 units has been setup in the region to assemble the vehicles.

The company has formed a joint venture with Navistar International Corp.'s wholly owned affiliate. The venture, Mahindra International Engines Limited, would manufacture engines for medium and heavy commercial trucks and buses in India.

The company has formed a joint venture with International Truck and Engine Corporation to manufacture diesel engines for medium and heavy commercial vehicles. The joint venture, Mahindra International Engines Ltd, would have an annual manufacturing capacity of 25,000 units.

Mahindra & Mahindra, Ltd., in August 2008, has formed a joint venture with Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd. The homegrown auto would invest in the joint venture firm-Mahindra Yueda Yancheng Tractor-where M&M would hold 51% stake, while the rest would be with the Chinese partner.

Significant Events

Mahindra & Mahindra, Ltd. launched its vehicles in Sudan. The company has introduced the Scorpio mHawk, Mahindra Pik-Up and the new Bolero Pik-Ups in Sudan, in association with Symex International of Sudan.

Mahindra & Mahindra, Ltd. announced the launch of its Mahindra Scorpio SUV in Chile in partnership with Fortaleza SA.

ARCH Capital Asian Partners L.P. has formed a joint venture with the Mahindra & Mahindra, Ltd. for the development of a residential community in Chennai, India. Under the agreement, the Mahindra Group would own 51% of the joint venture entity with the balance controlled by ARCH Capital-controlled investment vehicle. The plan involves the development of a residential community within the 1,500-acre Mahindra World City in Chennai, India. The project would be constructed in around 55 acres of land located within the MWC Special Economic Zone designated for low-density residential community development.

The company, in May 2008, launched two models, Pik Up and Scorpio in Turkey partnering with ILCE Group. These vehicles have been launched in various parts of the world, including South Africa, Europe and several South and Central American markets. The company introduced the models in association with ILCE Otomotiv Servis ve Ticaret AS.

The company has entered into a joint venture agreement with its existing partner, TMI Pacific to promote and retail M&M's products there.

Navistar International Corp., as a part of a joint venture with Mahindra & Mahindra Ltd., is building a plant in India that would produce diesel engines for commercial, consumer and off-highway vehicles.

In November 2009, BAE Systems entered into a joint venture agreement with Mahindra & Mahindra Limited to create a land systems focused joint venture Defense Company, based in India.

History

The Company was formed in 1945 as Mahindra & Mahindra and renamed as Mahindra & Mahindra Limited in 1948.