Mahindra & Mahindra

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About The Company

Mahindra & Mahindra Limited (M&M) (BSE: 500520) is an Indian multinational automakercompany and a subsidiary of Mahindra Groupconglomerate. Its based in Mumbai, India. The company was set up in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed. [3] After India gained independence and Pakistan was formed, Mohammed emigrated to Pakistan where he became the nation's first finance minister. The company changed its name to Mahindra & Mahindra in 1948.[4]Mahindra & Mahindra is ranked #21 in the list of top companies of India in Fortune India 500 in 2011.[5]

History
Mahindra & Mahindra was set up as a steel trading company in 1945. It soon expanded into manufacturing general-purpose utility vehicles, starting with assembly under licence of the iconicWillys Jeep in India. Soon established as the Jeep manufacturers of India, M&M later branched out into the manufacture of light commercial vehicles (LCVs) and agricultural tractors. Today, M&M is the leader in the utility vehicle segment in India with its flagship UV Scorpio and enjoys a growing global market presence in both the automotive and tractor businesses. Over the past few years, M&M has expanded into new industries and geographies. They entered into the two-wheeler segment by taking over Kinetic Motors in India.[6] M&M also has controlling stake inREVA Electric Car Company[7] and acquired South [8] Korea's SsangYong Motor Company in 2011. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its 'Global 200: The World's Best Corporate Reputations' list.[9]

Major Mahindra & Mahindra Divisions Automotive Automotive Mahindra & Mahindra Limited

Mahindra Scorpio

Mahindra Jeep CJ 340.

Mahindra Bolero

Mahindra XUV 500

Mahindra Axe

Mahindra Bolero Camper (old version)

Mahindra Legend used byMONUC in DR of Congo

Mahindra Xylo

Mahindra Verito Mahindra & Mahindra is a major automobile manufacturer of utility vehicles, passenger cars, pickups, commercial vehicles, and two wheelers. Its tractors are sold on six continents. It has acquired plants in China[10] and the United Kingdom,[11] and has three assembly plants in the USA. M&M has partnerships with international companies like Renault SA, France[12] and International Truck and Engine Corporation, USA. M&M has a global presence[13] and its products are exported to several countries.[14] Its global subsidiaries include Mahindra Europe Srl. based in Italy,[15] Mahindra USA Inc., Mahindra South Africa[16] and Mahindra (China) Tractor Co. Ltd. M&M made its entry into the passenger car segment with the Logan in April 2007 under the Mahindra Renault joint venture.[17] M&M will make its maiden entry into the heavy trucks segment with Mahindra Navistar, the joint venture with International Truck, USA.[18] M&M's automotive division makes a wide range of vehicles including MUVs, LCVs and three wheelers. It offers over 20 models including new generation multi-utility vehicles like the Scorpio and the Bolero. It formerly had a joint venture with Ford called Ford India Private Limited to build passenger cars.

Components
Combining its experience in the automotive and farm equipment industries with a series of key acquisitions of European components companies, Mahindra & Mahindra maintains art-to-part manufacturing units across India, Germany, Italy, and the United Kingdom. Mahindra & Mahindra has expertise in forgings, castings, gears, stampings, steel, ferrites, contract sourcing, and composites. It also offers fullservice art-to-part solutions that integrate design, manufacturing, and sourcing. More than 12,000 people are employed at Mahindra & Mahindra's Components division.[33]

Defense
Mahindra & Mahindra became involved in defense systems in 1947, when it started importing, assembling, and adapting the Willys Jeeps used in World War II.[34] It later began designing and constructing its

own line of armored vehicles, becoming the largest private-sector supplier to theGovernment of India. Today, Mahindra & Mahindra partners with several countries to provide a range of defense solutions for police forces, Armies, and Naviesincluding sea mines, surveillance solutions, weapons, ammunition, and more. Defence Land Systems India is Mahindra & Mahindras joint venture with BAE Systems, a world leader in defense technology. With more than 100 employees, it develops new technologies and manufactures armored vehicles like the Axe, Rakshak, Marksman, up-armored and bulletproof Scorpios and Boleros, and Rapid Intervention Vehicles. Its Special Military Vehicles facility outside Faridabad is ISO-9000-2008 certified. The facility manufactures world-class military vehicles, select artillery systems, and other land system weapons and will provide support to the Indian Army as it pursues its Field Artillery Rationalization Plan and upgrade program as a center for design, development, manufacture, assembly, integration, and test of artillery systems.[35]

Energy
Mahindra & Mahindra entered the energy sector in 2002, in response to growing demands for reliable and quality power in India.[36] Since then, more than 150,000 Mahindra Powerol engines and diesel generator sets (gensets) have been installed in India, offering uninterrupted power in areas with unreliable grid electricity. The inverters, batteries, and gensets are manufactured at three facilities in Pune, Chennaie, and Delhi; and 160 service points across India offer 24-7 support to most key markets. Powerol is present in countries across Latin America, Africa, the Middle East, and Southeast Asiaand expanding into the United Arab Emirates, Bangladesh, and Nepal.[36] M&Ms energy services include power leasing and telecom infrastructure management.[37] In 2006, it became the market leader in the telecom segment (and in 2011, its market share passed 45 percent). In 2007, it won the Frost and Sullivan Voice of the Customer award for best practices in telecom. Mahindra Cleantech Ltd examines reliable and creative energy solutions through green power. In response to growing demand, it formed a subsidiary, Mahindra Solar, in 2010 to offer a range of solar

solutions, including on- and off-grid solutions and Engineering, Procurement, and Construction (EPC).[38] By building utility-scale solar power plants, it offers turnkey EPC solutions. Meanwhile, its offgrid solutions include power packs and rooftop setups for commercial organizations and institutions, solar hybrid solutions to telecom towers, and rural electrification through lanterns and home and street lighting systems. The company works closely with Mahindras farm equipment division to offer lighting solutions to even the most rural areas in India. It also works with Mahindra Powerol to offer solar power backup to telecom sites in India. In 2011, Mahindra Solar received a CRISIL rating of SP1A in 2011, the highest rating for any solar photovaltaic off-grid company.[38]

Farm Equipment
Main article: Mahindra Tractors Mahindra & Mahindra began manufacturing tractors for the Indian market in the early 1960s. Today, it is one of the top three tractor companies in the world with annual sales totaling more than 150,000 tractors.[39] It has expanded its offerings to include farm-support services via Mahindra AppliTrac (agri-mechanization solutions), Mahindra ShubhLabh (seeds, crop protection, and market linkages and distribution), and the Samriddhi Initiative (agri-support information and counseling). Mahindra & Mahindras farm equipment division (Mahindra Tractors) is one of the top-selling tractor companies in the world, with more than 1,000 dealers servicing more than 1.45 million customers. [40] Mahindra tractors are sold in 40 countries on six continents, including the United States, China, Australia, New Zealand, Africa (Nigeria, Mali, Chad, Gambia, Angola, Sudan, Ghana, and Morocco), Latin America (Chile, Argentina, Brazil, Venezuela, Central America, and the Caribbean), South Asia (Sri Lanka, Bangladesh, and Nepal), the Middle East (Iran and Syria) and Eastern Europe (Serbia, Turkey, and Macedonia.[40] Mahindra tractors are manufactured at four plants in India, two in China, three in the United States, and one in Australiaallowing Mahindra & Mahindra a foothold in major agricultural hubs. It has three major subsidiaries: Mahindra USA, Mahindra (China) Tractor Company, and Mahindra Yueda (Yancheng) Tractor Company (a joint venture with the Jiangsu Yueda Group).[40]

The company has enjoyed 27 years of market leadership and has garnered the highest customer satisfaction index (CSI) in the industry at 88 percent.[40] In its 2009 survey of Asias 200 most admired and innovative companies, the Wall Street Journal named Mahindra & Mahindra one of the 10 most innovative Indian companies. It earned a 2008 Golden Peacock Award in the Innovative Product/Services category for its in-house development of a load-car. In 2007, Mahindra & Mahindra became the only tractor company to win the Deming Application Prize and the Japan Quality Medal for Total Quality Management excellence in entire business operations. In addition to tractors, Mahindra sells farm implements.

Aerospace
Main articles: Mahindra Aerospace and Gippsland Aeronautics Mahindra Aerospace is aerospace division of the Indian multinational conglomerate company Mahindra Group. It is the first Indian private firm to make smaller civil aircraft for the Indian general aviation market. It is an AS9100 Rev.B certified design organization.

Gippsland GA200 Gippsland GA8 Airvan Gippsland GA10 Airvan Gippsland GA18

Awards
Bombay Chamber Good Corporate Citizen Award for 2006-07 [41] 2. Businessworld FICCI-SEDF Corporate Social Responsibility Award 2007 3. Deming Prize [42] 4. Japan Quality Medal in 2007[43]
1.

Automotive Models

Mahindra MM540DP Mahindra MM550DP Mahindra Armada Mahindra Commander Mahindra Marshal Mahindra Major Mahindra Legend Mahindra Thar Mahindra Invader Mahindra Bolero Mahindra Xylo Mahindra Scorpio Mahindra Verito Mahindra XUV500

Board of Directors
Name Keshub Mahindra Bharat Doshi A K Nanda M M Murugappan A S Ganguly Anupam Puri Name Anand G Mahindra Deepak S Parekh Nadir B Godrej Narayanan Vaghul R K Kulkarni Designation Chairman / Chair Person Executive Director Director Director Director Director Designation Vice Chairman & Mng.Director Director Director Director Director

Balance Sheet of Mahindra and Mahindra Mar '11 12 mths Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities

------------------- in Rs. Cr. ------------------Mar '10 12 mths Mar '09 12 mths Mar '08 12 mths Mar '07 12 mths

293.62 293.62 33.97 0.00 9,974.62 11.18 10,313.39 407.23 1,998.06 2,405.29 12,718.68 Mar '11 12 mths

282.95 282.95 8.01 0.00 7,527.60 11.67 7,830.23 602.45 2,277.70 2,880.15 10,710.38 Mar '10 12 mths

272.62 272.62 0.00 0.00 4,959.26 12.09 5,243.97 981.00 3,071.76 4,052.76 9,296.73 Mar '09 12 mths

239.07 239.07 0.00 0.00 4,098.53 12.47 4,350.07 617.26 1,969.80 2,587.06 6,937.13 Mar '08 12 mths

238.03 238.03 0.00 0.00 3,302.01 12.86 3,552.90 106.65 1,529.35 1,636.00 5,188.90 Mar '07 12 mths

Application Of Funds Gross Block Less: Accum. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA, Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities

5,849.27 2,841.73 3,007.54 1,364.31 9,325.29 1,694.21 1,354.72 447.62 3,496.55 2,653.52 167.02 6,317.09 0.00 5,289.67 2,005.88 7,295.55 -978.46 0.00 12,718.68 2,632.10

4,866.18 2,537.77 2,328.41 1,374.31 6,398.02 1,188.78 1,258.08 475.17 2,922.03 2,034.47 1,268.06 6,224.56 0.00 3,822.50 1,796.54 5,619.04 605.52 4.12 10,710.38 2,307.70

4,653.66 2,326.29 2,327.37 886.96 5,786.41 1,060.67 1,043.65 635.61 2,739.93 1,402.45 938.82 5,081.20 0.00 3,520.20 1,277.56 4,797.76 283.44 12.55 9,296.73 1,220.39

3,552.64 1,841.68 1,710.96 649.94 4,215.06 1,084.11 1,004.88 310.58 2,399.57 866.19 550.65 3,816.41 0.00 2,525.31 943.46 3,468.77 347.64 13.53 6,937.13 985.35

3,180.57 1,639.12 1,541.45 329.72 2,237.46 878.48 700.89 415.89 1,995.26 1,011.50 910.18 3,916.94 0.00 2,138.77 715.43 2,854.20 1,062.74 17.55 5,188.92 1,008.27

Profit and Loss Account

Mar '11 12 mths Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses

Mar '10 12 mths

Mar '09 12 mths

Mar '08 12 mths

Mar '07 12 mths

25,569.55 2,092.02 23,477.53 563.13 202.23 24,242.89 16,604.88 143.93 1,445.56 98.33 1,735.63 261.10 -50.87 20,238.56 Mar '11 12 mths

20,323.63 1,807.30 18,516.33 285.09 23.69 18,825.11 12,461.56 120.97 1,199.85 96.92 1,439.26 264.21 -59.55 15,523.22 Mar '10 12 mths 3,016.80 3,301.89 156.85 3,145.04 370.78 0.00 2,774.26 72.49 2,846.75 759.00 2,087.75 3,061.66 0.00 549.52 74.23 5,659.08 36.89 190.00 138.02

14,668.13 1,587.05 13,081.08 132.65 -156.29 13,057.44 9,208.71 98.69 1,024.52 75.36 1,109.96 165.83 -42.83 11,640.24 Mar '09 12 mths 1,284.55 1,417.20 134.12 1,283.08 291.51 0.00 991.57 48.97 1,040.54 199.69 836.78 2,431.53 0.00 278.83 33.23 2,726.16 30.69 100.00 191.91

12,894.94 1,584.57 11,310.37 575.96 149.11 12,035.44 7,963.82 91.33 853.65 73.35 1,108.33 257.84 -46.49 10,301.83 Mar '08 12 mths 1,157.65 1,733.61 87.59 1,646.02 238.66 0.59 1,406.77 0.00 1,406.77 303.40 1,103.37 2,338.01 0.00 282.61 38.48 2,390.73 46.15 115.00 181.43

11,231.99 1,310.65 9,921.34 531.17 6.41 10,458.92 6,937.16 65.19 666.15 68.80 891.29 210.03 -47.10 8,791.52 Mar '07 12 mths 1,136.23 1,667.40 19.80 1,647.60 209.59 0.33 1,437.68 -19.19 1,418.49 350.10 1,068.39 1,854.37 0.00 282.23 42.50 2,380.33 44.88 115.00 148.72

Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)

3,441.20 4,004.33 70.86 3,933.47 413.86 0.00 3,519.61 0.00 3,519.61 857.51 2,662.10 3,633.68 0.00 706.08 96.56 5,872.47 45.33 230.00 174.85

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