Mahindra Holdings Limited

Mahindra Holdings Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U65993MH2007PLC175649 Incorporated 02 November 2007 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company financial services
Data last updated
Revenue · FY 2025
₹339.18 Cr
▼ 33% YoY
Net profit · FY 2025
₹258.54 Cr
Net margin 76.2%
EBITDA · FY 2025
₹331.31 Cr
EBITDA margin 97.7%
Authorised capital
₹2,774 Cr
Registered with MCA
Paid-up capital
₹2,705.37 Cr
Issued & subscribed
Satisfied charges
₹52.5 Cr
No open charges
Company age
19 yrs
Est. 2007
Directors on board
5
As per MCA filings

About Mahindra Holdings Limited

Data last updated:

Mahindra Holdings Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra And Mahindra Limited. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 02 November 2007 and has been in existence for over 19 years.

Its director Anand Mahindra and family are #41 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65993MH2007PLC175649. Its GSTIN is 27AAFCM3584K1Z1 (Maharashtra).

The company has an authorised share capital of ₹2,774 Cr and a paid-up capital of ₹2,705.37 Cr. It is led by directors including Zhooben Dossabhoy Bhiwandiwala (Whole-Time Director) and Anand Gopal Mahindra.

Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.

As per the financials filed for FY 2025, the company reported a revenue of ₹339.18 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹258.54 Cr (net margin 76.2%) and EBITDA of ₹331.31 Cr (EBITDA margin 97.7%). Revenue has grown at a compounded annual rate (CAGR) of 455% over three years and 212% over five years.

Its group structure includes 13 subsidiaries.

The company is associated with 4 brands: Machine Pulse, Mahindra Susten, Mahindra Teqo and Mahindra. As per MCA filings, the company has satisfied charges of ₹52.5 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company; 1 case is pending. The company has 9 deals on record (5 rights issues, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹38.7 Cr; the latest was in April 2022.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindra.com.

Company details

CIN U65993MH2007PLC175649
Registration Number 175649
Incorporation Date 02 November 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Mahindra And Mahindra Limited
Compliance Status Active Compliant
Key People
Zhooben Dossabhoy Bhiwandiwala Whole-Time Director Anand Gopal Mahindra Director Amarjyoti Barua Director

Recognitions & Rankings of Mahindra Holdings

Contact details

Mahindra Holdings Limited's registered office is in Mumbai, Maharashtra. Its website is mahindra.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    mahindra.com
  • Social Media
  • Registered Address
    Mahindra Towers P. K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
  • Industry
    Financial Services, Financial Holding Companies

To see the full contact details of Mahindra Holdings Limited, buy the company report.

Comprehensive company report
Mahindra Holdings Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Mahindra Holdings operates multiple associated brands including Machine Pulse, Mahindra Susten, and Mahindra Teqo. Each brand links to its own profile.

BrandDescriptionWebsite
Machine Pulse
Offers cloud-based big data analytics and decision science solutions.machinepulse.com
Mahindra Susten
Turnkey EPC services for solar power plants are provided.mahindrasusten.com
Mahindra Teqo
Renewable energy assets are managed via a tech-enabled platform.mahindrateqo.com
Mahindra
Diversified operations span automotive, agriculture, and financial services.mahindra.com

Business activity

The main business activity of Mahindra Holdings is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK2Activities by Trusts, funds and other financial holding companies

To see the full business activity and turnover split of Mahindra Holdings Limited, buy the company report.

Financials of Mahindra Holdings Limited

FY 2025 filings available

Mahindra Holdings Limited reported revenue of ₹339.18 Cr (down 33% YoY) for FY 2025.

Revenue · FY 2025
₹339.18 Cr ▼ 33%
Net profit · FY 2025
₹258.54 Cr margin 76.2%
EBITDA · FY 2025
₹331.31 Cr margin 97.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 455%
5 years · compounded
▲ 212%
EBITDA CAGR growth
1 year
▼ 34%
3 years · compounded
▲ 325%
5 years · compounded
▲ 28%

Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 212%. EBITDA fell 34% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹331.31 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹258.54 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin97.7%
Net Profit Margin76.2%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Mahindra Holdings Limited, buy the company report.

Board of directors of Mahindra Holdings Limited

Mahindra Holdings has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Zhooben Dossabhoy Bhiwandiwala
Also directs: The Mahindra United World College of India, Wild Mandarin Cancer Connect LLP, Ekatra Hospitality Ventures Private Limited and 1 more
Whole-Time Director08 May 20206 Years 5 MonthsCurrent
Anand Gopal Mahindra
Also directs: Gotham Park Projects LLP, Tech Mahindra Limited, Mahindra and Mahindra Limited and 5 more
Director02 Nov 200719 Years 0 MonthsCurrent
Amarjyoti Barua
Also directs: Classic Legends Private Limited, Mahindra and Mahindra Financial Services Limited, Mahindra Rural Housing Finance Limited and 5 more
Director07 May 20242 Years 5 MonthsCurrent
Bijal Tushar Ajinkya
Also directs: Khaitan & Co LLP, Automotive Axles Limited, GMR Airports Limited and 5 more
Director25 Jun 20242 Years 4 MonthsCurrent
Puneet Renjhen
Also directs: Tech Mahindra Limited, Sustainable Energy Infra Investment Managers Private Limited, Mahindra Susten Private Limited and 3 more
Director25 Jun 20242 Years 4 MonthsCurrent
View all directors

Auditor

Mahindra Holdings Limited is audited by B S R & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B S R & Co. LLPFY 2023101248W/W-100022

Shareholding

The shareholding of Mahindra Holdings Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Mahindra Holdings Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹52.5 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹52.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Aug 201510592469Idbi Trusteeship Services Limited₹52.5 CrSatisfied

To see the full charge records of Mahindra Holdings Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Mahindra Holdings Limited has 9 deals on record (5 rights issues, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹38.7 Cr; the latest was in April 2022.

Total deals
9
Rights issues
5
Convertible or debt financing
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹38.7 Cr

Deals on record (5 of 9)

WhenDealAmountParties
Apr 2022Rights issue₹241.87 CrInvestors: Mahindra and Mahindra Limited
Jan 2020Rights issue₹12.5 CrInvestors: Mahindra and Mahindra Limited
May 2018Rights issue₹1,289.59 CrInvestors: Mahindra and Mahindra Limited
Oct 2016Rights issue₹901.72 CrInvestors: Mahindra and Mahindra Limited
Mar 2015Rights issue₹198.44 CrInvestors: Mahindra and Mahindra Limited

To see the full deal history of Mahindra Holdings Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mahindra Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Mahindra Holdings has 13 subsidiary companies and 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

13
Subsidiary companies
6
Associated companies
Key subsidiaries
Company NameCINShares held
Bristlecone India Limited#U30007MH1991PLC064368
Emergent Solren Private LimitedU40100MH2022PTC393167
Mega Suryaurja Private Limited*U40103MH2012PTC226016
Brightsolar Renewable Energy Private Limited**U40108MH2013PTC250683
Martial Solren Private Limited*U40108MH2020PTC344712
Mahindra Renewables Private Limited*U40300MH2010PTC205946

To see the full group structure of Mahindra Holdings Limited, buy the company report.

GST

Mahindra Holdings has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAFCM3584K1Z1MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Mahindra Holdings Limited, buy the company report.

Recent activity

Mahindra Holdings Limited has 39 board changes on record since 2007: 22 appointments and 17 cessations. The latest: Gayathri Iyer Suraj ceased to be Company Secretary on 31 Oct 2025.

Ceased
Gayathri Iyer Suraj ceased to be Company Secretary.
AGM
Mahindra Holdings Limited last Annual general meeting of members was held on 24 Jul 2025 as per latest MCA records.
Filing
Mahindra Holdings Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Durgashankar Subramaniam ceased to be Director.
Appointed
Bijal Tushar Ajinkya was appointed as Director.
Appointed
Puneet Renjhen was appointed as Director.
Ceased
Chandrasekar Kandasamy ceased to be Director.
Ceased
Asha Parthasarathi Kharga ceased to be Director.
Ceased
Bharat Narotam Doshi ceased to be Director.
Appointed
Amarjyoti Barua was appointed as Director.
Ceased
Manoj Bhat ceased to be Director.
Ceased
Arun Kumar Nanda ceased to be Director.

32 earlier events are in the company report.

News

Frequently asked questions

Mahindra Holdings is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 02 November 2007 (19+ years old) and is registered under CIN U65993MH2007PLC175649.

Mahindra Holdings has 5 current directors:

The latest financial statements of Mahindra Holdings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Mahindra Holdings is 27AAFCM3584K1Z1, registered in Maharashtra.

The CIN (Corporate Identification Number) of Mahindra Holdings is U65993MH2007PLC175649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Mahindra Holdings has 8 court cases on record: 8 filed by the company. 1 is pending.

Mahindra Holdings was incorporated on 02 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.

Mahindra Holdings has 9 deals on record (5 rights issues, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹38.7 Cr; the latest was in April 2022.

Gayathri Iyer Suraj ceased to be Company Secretary on 31 Oct 2025. Durgashankar Subramaniam ceased to be Director on 24 Jul 2024. Bijal Tushar Ajinkya was appointed as Director on 25 Jun 2024. Mahindra Holdings has 39 board changes on record in total.

Mahindra Holdings can be reached through the website mahindra.com. Its registered office is in Mumbai, Maharashtra, India.