About Mahindra Last Mile Mobility Limited
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Mahindra Last Mile Mobility Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the passenger vehicles segment of the automotive sector. It was incorporated on 29 May 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29102MH2023PLC403752. Its GSTIN is 27AAQCM9167P1Z9 (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹2,500 Cr and a paid-up capital of ₹1,153.57 Cr. It is led by directors including Suman Laxmidhar Mishra (Managing Director) and Sandeep Suresh Mandrekar.
Its last annual general meeting (AGM) was held on 17 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹4,896.45 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹185.45 Cr (net margin 3.8%) and EBITDA of ₹386.86 Cr (EBITDA margin 7.9%).
The company has about 612 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahindra. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 3 cases are pending. The company has 8 deals on record (6 funding rounds, 2 rights issues), with disclosed funding of ₹1,322 Cr; the latest was in July 2026.
For more details, the company can be reached via its website mahindra.com.
Company details
Contact details
Mahindra Last Mile Mobility Limited's registered office is in Mumbai, Maharashtra. Its website is mahindra.com.
- Website
- Social Media
- Registered AddressMahindra Tower Pandurang, Budhkar Marg, Mumbai, Maharashtra, India – 400018
- IndustryAutomotive, Passenger Vehicles, Motorcycles & Scooters
- 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
Brands
Mahindra Last Mile Mobility operates one associated brand: Mahindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com |
Business activity
The main business activity of Mahindra Last Mile Mobility is manufacturing. In detail, this covers manufacture of motor vehicles, trailers and semi-trailers.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 29 | Manufacture of motor vehicles, trailers and semi-trailers |
To see the full business activity and turnover split of Mahindra Last Mile Mobility Limited, buy the company report.
Financials of Mahindra Last Mile Mobility Limited
FY 2026 filings availableMahindra Last Mile Mobility Limited reported revenue of ₹4,896.45 Cr (up 26% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year. EBITDA fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹4,896.45 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹386.86 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹185.45 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.9% | ||
| Net Profit Margin | 3.8% | ||
| 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 Last Mile Mobility Limited, buy the company report.
Board of directors of Mahindra Last Mile Mobility Limited
Mahindra Last Mile Mobility has 10 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Suresh Mandrekar | Director | 02 Mar 2026 | 0 Years 8 Months | Current |
| Harish Namdeo Chavan Also directs: Swaraj Engines Ltd, Gromax Agri Equipment Limited | Director | 20 May 2025 | 1 Years 5 Months | Current |
| Gautam Ravi Narayan Also directs: Novarete LLP, Knack Global Limited | Director | 06 May 2024 | 2 Years 6 Months | Current |
| Krishna Kumar Gangadharan | Director | 28 Mar 2024 | 2 Years 7 Months | Current |
| Nikhilesh Natwarlal Panchal | Director | 25 Jan 2024 | 2 Years 9 Months | Current |
| Rahul Asthana Also directs: Aegis Logistics Limited, Hindustan Aegis LPG Limited, Blue Planet Integrated Waste Solutions Private Limited and 3 more | Director | 25 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Mahindra Last Mile Mobility Limited is audited by B S R & Co. LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2026 | 101248W/W-100022 |
Shareholding
The shareholding of Mahindra Last Mile Mobility Limited is on record for 2 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mahindra Last Mile Mobility Limited, buy the company report.
Deals & funding
Mahindra Last Mile Mobility Limited has 8 deals on record (6 funding rounds, 2 rights issues), with disclosed funding of ₹1,322 Cr; the latest was in July 2026.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Funding round | ₹322 Cr | Investors: Lightrock India (LGT Lightstone Aspada), International Finance Corporation, National Investment and Infrastructure Fund |
| Aug 2025 | Rights issue | ₹41 Cr | Investors: Mahindra Mahindra Limited Limited |
| Oct 2024 | Funding round | ₹150 Cr | Investors: International Finance Corporation |
| Jul 2024 | Funding round · Series A | ₹200 Cr | Investors: National Investment and Infrastructure Fund |
| Apr 2024 | Funding round | ₹150 Cr | Investors: International Finance Corporation |
To see the full deal history of Mahindra Last Mile Mobility Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra Last Mile Mobility Limited has 6 court cases on record: 4 filed by Mahindra Last Mile Mobility, 2 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 2 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Gensol Electric Vehicles Pvt. Ltd. | Disposed |
| District court, Nagpur, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against The State of Telangana and 3 others | Pending |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed by the company against The Commissioner and 3 others | Disposed |
To see the full case history of Mahindra Last Mile Mobility Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahindra Last Mile Mobility Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mahindra Last Mile Mobility has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCM9167P1Z9 | Maharashtra | Active | 06 Jul 2023 |
| 36AAQCM9167P1ZA | Telangana | Active | 26 Jun 2023 |
| 05AAQCM9167P1ZF | Uttarakhand | Active | 30 Jun 2023 |
| 08AAQCM9167P1Z9 | Rajasthan | Active | 11 Jul 2023 |
To see the full GST registrations and return filing status of Mahindra Last Mile Mobility Limited, buy the company report.
Recent activity
Mahindra Last Mile Mobility Limited has 25 board changes on record since 2023: 15 appointments and 10 cessations. The latest: Sandeep Suresh Mandrekar was appointed as Director on 02 Mar 2026.
16 earlier events are in the company report.
News
Frequently asked questions
Mahindra Last Mile Mobility is an active public limited company based in Mumbai, Maharashtra, India. The company works in passenger vehicles, within the automotive industry. It was incorporated on 29 May 2023 (3+ years old) and is registered under CIN U29102MH2023PLC403752.
Mahindra Last Mile Mobility has 10 current directors:
- Suman Laxmidhar Mishra - Managing Director
- Sandeep Suresh Mandrekar - Director
- Harish Namdeo Chavan - Director
- Gautam Ravi Narayan - Director
- Krishna Kumar Gangadharan - Director
- Nikhilesh Natwarlal Panchal - Director
- Rahul Asthana - Director
- Abanti Sankaranarayanan - Director
- Rajesh Ganesh Jejurikar - Director
- Rajeev Goyal - Director
The latest financial statements of Mahindra Last Mile Mobility on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 July 2026. Year-wise statements from FY 2024 are in the company report.
The GSTIN of Mahindra Last Mile Mobility is 27AAQCM9167P1Z9, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 36AAQCM9167P1ZA (Telangana), 05AAQCM9167P1ZF (Uttarakhand), 08AAQCM9167P1Z9 (Rajasthan).
The CIN (Corporate Identification Number) of Mahindra Last Mile Mobility is U29102MH2023PLC403752. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Last Mile Mobility has 6 court cases on record: 4 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Mahindra Last Mile Mobility was incorporated on 29 May 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Last Mile Mobility has 8 deals on record (6 funding rounds, 2 rights issues), with disclosed funding of ₹1,322 Cr; the latest was in July 2026.
Sandeep Suresh Mandrekar was appointed as Director on 02 Mar 2026. Harish Namdeo Chavan ceased to be Additional Director on 14 Jul 2025. Harish Namdeo Chavan was appointed as Director on 20 May 2025. Mahindra Last Mile Mobility has 25 board changes on record in total.
Mahindra Last Mile Mobility can be reached through the website mahindra.com. Its registered office is in Mumbai, Maharashtra, India.
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