About Mahindra First Choice Services
Mahindra First Choice Services is a company based in Mumbai (India) founded in 2008 was acquired by TVS Automobile Solutions in November 2020.. Mahindra First Choice Services has completed 1 acquisition, including Carnation. Mahindra First Choice Services operates in a competitive market with competitors including GoMechanic, MyTVS, GoBumpr, VehicleCare and Ki Mobility Solutions, among others.
- Headquarter Mumbai, India
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mfc Auto Parts Private Limited
- Date of Incorporation 24 Mar, 2008
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$7.34 M (USD)-12.78as on Mar 31, 2022
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Net Profit
$-673.36 K (USD)61.6as on Mar 31, 2022
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EBITDA
$-447.33 K (USD)68.57as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
TVS Automobile Solutions
(Nov 27, 2020)
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Funding Insights of Mahindra First Choice Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mahindra First Choice Services
Mahindra First Choice Services has secured backing from 1 investor. Prominent investors backing the company include TVS Automobile Solutions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Passenger cars, trucks, and buses are manufactured in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mahindra First Choice Services
Mahindra First Choice Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Carnation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online listing portal to buy new and used cars along with car service
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mahindra First Choice Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mahindra First Choice Services Comparisons
Competitors of Mahindra First Choice Services
Mahindra First Choice Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GoMechanic, MyTVS, GoBumpr, VehicleCare and Ki Mobility Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of car service and repair network
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| domain | founded_year | HQ Location |
Online platform for booking automotive repair and maintenance services
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| domain | founded_year | HQ Location |
App-based garage aggregation for auto repair and maintenance is offered.
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| domain | founded_year | HQ Location |
AI-based car repair and maintenance services are delivered.
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| domain | founded_year | HQ Location |
Digital automotive marketplace platform
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| domain | founded_year | HQ Location |
Online platform for news articles on sports, entertainment, and current events worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mahindra First Choice Services
Frequently Asked Questions about Mahindra First Choice Services
When was Mahindra First Choice Services founded?
Mahindra First Choice Services was founded in 2008.
Where is Mahindra First Choice Services located?
Mahindra First Choice Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mahindra First Choice Services?
Vijay Kumar VS Yegireddi is the current CEO of Mahindra First Choice Services.
What is the annual revenue of Mahindra First Choice Services?
Annual revenue of Mahindra First Choice Services is $7.34M as on Mar 31, 2022.
What does Mahindra First Choice Services do?
Mahindra First Choice Services was established in 2008 in Mumbai, India, within the automotive repair sector. Services encompassing car maintenance and repairs are delivered through a network of facilities. Operations are centered on vehicle servicing, including diagnostics and component replacements. Leadership is provided by CEO Vijay Kumar VS Yegireddi, with activities spanning multiple locations across India.
Who are the top competitors of Mahindra First Choice Services?
Mahindra First Choice Services's top competitors include GoMechanic, MyTVS and VehicleCare.
How many acquisitions has Mahindra First Choice Services made?
Mahindra First Choice Services has made 1 acquisition, including Carnation.
Who are Mahindra First Choice Services's investors?
Mahindra First Choice Services has 1 investor. Key investors include TVS Automobile Solutions.