Mahindra & Mahindra Limited (MAHMF)

24.18 -0.15 (-0.60%) At close: 11:08AM EDT

Mahindra & Mahindra Limited

Mahindra Towers
Dr. G. M. Bhosale Marg Worli
Mumbai 400018
India
91 22 2490 1441
https://www.mahindra.com

Sector(s): Consumer Cyclical
Industry: Auto Manufacturers
Full-time employees: 260,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Anand Gopal Mahindra	Non-Executive Chairman & Member of Group Executive Board	316.27k	N/A	1955
Dr. Anish Dilip Shah	MD, CEO, Member of the Group Executive Board & Additional Director	1.97M	N/A	1969
Mr. Manoj Bhat	Group CFO & Member of Group Executive Board	N/A	N/A	1974
Mr. Rajesh Ganesh Jejurikar	Executive Director & CEO of Automotive and Farm Sectors & Member of Group Exe Board	1.52M	N/A	1964
Mr. Narayan Shankar	Senior VP, Compliance Officer & Company Secretary	N/A	N/A	N/A
Mr. Ramesh Ganesh Iyer	VC & MD of Mahindra & Mahindra Finan Servs, President of Financial Services Sector and GEB Mem.	N/A	N/A	1958
Mr. Ruzbeh Irani	President of Group Human Resources & Member of the Group Executive Board	N/A	N/A	1964
Mr. Kavinder Singh	MD & CEO of Mahindra Holidays and Member of Group Executive Board	N/A	N/A	1965
Mr. Hemant Sikka	President of Farm Sector & Member of Group Executive Board	N/A	N/A	N/A
Mr. Veejay Ram Nakra	President of Auto Sector & Member of Group Executive Board	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Mahindra & Mahindra Limited provides mobility products and farm solutions in India and internationally. The company operates through Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality, and Others segments. It offers passenger and commercial vehicles, trucks, buses, vans, cars, utility vehicles, and electric vehicles; watercrafts; motorcycles, scooters, and mopeds; manufactures, assembles, and maintains various kinds of aircrafts and aircraft components, and aerostructures; offers construction equipment, such as backhoe loaders under the Mahindra EarthMaster brand; and road construction equipment comprising motor graders under the Mahindra RoadMaster brand. It is also involved in the provision of farm equipment, including tractors; and manufacture and distribute the SMART Seeder Mini-MAX in collaboration with Clean Seed Capital Group Ltd., as well as engages in renewable energy business. Further, the company offers financial services comprising retail and other loans, SME finance, housing finance, mutual funds, and life and non-life insurance broking services, as well as vehicle and equipment financing; provides logistics services; power backup solutions, such as diesel and gas generators; and technology services, including business process services, integrated engineering services, infrastructure and cloud services, application development and maintenance services. Additionally, it engages in the sale of timeshare and vacation ownership through its resorts; develops and sells residential properties, and engages in the development, management, and operation of commercial complexes; and processing and trading of steel for automotive, non-automotive, and power industries, as well as offers agriculture products comprising seeds, crop care products, micro-irrigation products, and pumps; and exports grapes. The company was incorporated in 1945 and is based in Mumbai, India.

Corporate governance

Mahindra & Mahindra Limited’s ISS governance QualityScore as of 1 April 2024 is 7. The pillar scores are Audit: 6; Board: 7; Shareholder rights: 1; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.