About Mahindra Logistics Limited
Data last updated: 22 December 2025
Mahindra Logistics Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra And Mahindra Limited. It specialises in 3pl (third party logistics) services, a part of the broader transport and logistics sector. Incorporated on 24 August 2007, the company has been in operation for over 19 years.
Registered with ROC Mumbai under CIN L63000MH2007PLC173466. Listed on BSE: 540768 and NSE: MAHLOG.
Capital: an authorised share capital of ₹200 Cr and a paid-up capital of ₹99.18 Cr. It is led by directors including Malvika Sahni Sinha and Naveen Raju Kollaickal.
Last AGM: 21 July 2025. Financial statements filed for year ended 31 March 2025. Office: Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2024, the company reported a revenue of ₹5,523.87 Cr, a growth of 7% compared to the previous year.
The company has a workforce of approximately 4,005 employees as per the latest available data. It operates as a subsidiary of Mahindra And Mahindra Limited. Its group structure includes 7 subsidiaries.
The company is associated with 6 brands, including Rivigo, Mahindra, Meru, Lords, Whizzard among others. As per MCA filings, the company has satisfied charges of ₹95 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindralogistics.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressMahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
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IndustryTransport and Logistics, 3PL (Third Party Logistics) Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Mahindra Logistics Limited
Mahindra Logistics Limited has one previous CIN (Corporate Identification Number): U63000MH2007PLC173466. The current CIN is L63000MH2007PLC173466, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63000MH2007PLC173466 | Current |
| U63000MH2007PLC173466 | Previous |
Associated Brands with Mahindra Logistics Limited
Mahindra Logistics Limited operates multiple associated brands including Rivigo, Mahindra, and Meru. These brands represent Mahindra Logistics Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Online platform offering B2B logistics and trucking services | rivigo.com | |
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com | |
| Ride-hailing services are facilitated via an app-based platform. | meru.in | |
| Air and sea freight forwarding services are provided by LORDS. | lordslogistics.com | |
| Last-mile delivery services for e-commerce are provided intracity. | whizzard.in | |
| Integrated supply chain and mobility solutions are provided globally. | mahindralogistics.com |
Competitors & Alternatives of Mahindra Logistics Limited
Brands and companies operating in the same space as Mahindra Logistics Limited include Uber, Delhivery, Shadowfax and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Uber
|
An online platform providing ride-hailing and food delivery services | San Francisco, United States, United States | 2009 |
Delhivery
|
Integrated logistics services including parcel delivery and warehousing are provided. | Gurugram, India, India | 2011 |
Shadowfax
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Express delivery logistics solutions are provided for businesses and individuals. | Bengaluru, India, India | 2015 |
Savaari
|
App-based intercity ride-hailing aggregator | Bengaluru, India, India | 2006 |
XpressBees
|
End-to-end logistics delivery and courier solutions are provided. | Pune, India, India | 2015 |
LoadShare
|
Provider of end-to-end logistics delivery services | Bengaluru, India, India | 2017 |
TaxiForSure
|
Car rental aggregator | Bengaluru, India, India | 2011 |
Namma Yatri
|
Three-wheeler rides are booked via an app-based platform. | Bengaluru, India, India | 2022 |
Prozo
|
Online platform offering wholesale and business-focused e-commerce solutions | Gurugram, India, India | 2014 |
Tata Motors
|
Cars, trucks, buses, and electric vehicles are manufactured. | Mumbai, India, India | 1868 |
Business Activity of Mahindra Logistics Limited
Mahindra Logistics Limited is engaged in the principal business activity of transport and storage, with detailed activities including land transport via road, warehousing and storage. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | ********* |
| H | Transport and storage | H6 | Warehousing and storage | ********* |
Auditor Details of Mahindra Logistics Limited
Mahindra Logistics Limited is audited by M/s Deloitte Haskins & Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s Deloitte Haskins & Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Mahindra Logistics Limited
Mahindra Logistics Limited is currently managed by 13 directors, with 36 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Mahindra Logistics Limited FY 2026 filings available
Mahindra Logistics Limited reported revenue of ₹6,999.3 Cr (up 14.65% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹6,999.3 Cr | ₹6,104.83 Cr | ₹5,505.97 Cr | ₹5,128.29 Cr | ₹4,083.03 Cr | ₹3,263.72 Cr | ₹3,471.14 Cr |
| Other Income | ₹17.13 Cr | ₹15.82 Cr | ₹17.9 Cr | ₹15.85 Cr | ₹12.19 Cr | ₹17.47 Cr | ₹13.98 Cr |
| Total Income | ₹7,016.43 Cr | ₹6,120.65 Cr | ₹5,523.87 Cr | ₹5,144.14 Cr | ₹4,095.22 Cr | ₹3,281.19 Cr | ₹3,485.12 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹41 Lakh | ₹6.58 Cr | ₹9.81 Cr | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹45 Lakh | -₹45 Lakh | ₹0 | ₹0 |
| Employee Benefit Expense | ₹427.4 Cr | ₹403.6 Cr | ₹404.7 Cr | ₹354.56 Cr | ₹300 Cr | ₹296.46 Cr | ₹306.66 Cr |
| Finance Costs | ₹75.02 Cr | ₹81.21 Cr | ₹68.16 Cr | ₹51.57 Cr | ₹29.52 Cr | ₹20.09 Cr | ₹17.63 Cr |
| Depreciation & Amortisation | ₹277.87 Cr | ₹226.32 Cr | ₹208.99 Cr | ₹189.5 Cr | ₹134.51 Cr | ₹89.65 Cr | ₹73.43 Cr |
| Other Expenses | ₹6,195.43 Cr | ₹5,417.18 Cr | ₹4,871.82 Cr | ₹4,506.94 Cr | ₹3,576.01 Cr | ₹2,833.04 Cr | ₹3,006.21 Cr |
| Total Expenses | ₹6,975.72 Cr | ₹6,128.31 Cr | ₹5,554.08 Cr | ₹5,109.6 Cr | ₹4,049.4 Cr | ₹3,239.24 Cr | ₹3,403.93 Cr |
| Profit Before Exceptional Items & Tax | ₹40.71 Cr | -₹7.66 Cr | -₹30.21 Cr | ₹34.54 Cr | ₹45.82 Cr | ₹41.95 Cr | ₹81.19 Cr |
| Exceptional Items | -₹7.36 Cr | ₹0 | ₹3.82 Cr | ₹0 | ₹0 | -₹2.75 Cr | ₹0 |
| Profit Before Tax | ₹33.35 Cr | -₹7.66 Cr | -₹26.39 Cr | ₹34.54 Cr | ₹45.82 Cr | ₹39.2 Cr | ₹81.19 Cr |
| Total Tax Expense | ₹22.59 Cr | ₹22.33 Cr | ₹25.68 Cr | ₹7.12 Cr | ₹11.25 Cr | ₹10.02 Cr | ₹25.74 Cr |
| Net Profit | ₹10.57 Cr | -₹30 Cr | -₹53.09 Cr | ₹24.63 Cr | ₹34.58 Cr | ₹28.79 Cr | ₹54.84 Cr |
| attributable to Owners | ₹2.29 Cr | -₹35.85 Cr | -₹54.74 Cr | ₹26.28 Cr | ₹37.07 Cr | ₹30 Cr | ₹55.12 Cr |
| attributable to NCI | ₹8.28 Cr | ₹5.85 Cr | ₹1.65 Cr | -₹1.65 Cr | -₹2.49 Cr | -₹1.21 Cr | -₹28 Lakh |
| Other Comprehensive Income | ₹1.85 Cr | ₹11 Lakh | ₹64 Lakh | ₹1.49 Cr | -₹68 Lakh | ₹6 Lakh | ₹32 Lakh |
| Total Comprehensive Income | ₹12.42 Cr | -₹29.89 Cr | -₹52.45 Cr | ₹26.12 Cr | ₹33.9 Cr | ₹28.85 Cr | ₹55.16 Cr |
| EBITDA (computed) | ₹393.6 Cr | ₹299.87 Cr | ₹246.94 Cr | ₹275.61 Cr | ₹209.85 Cr | ₹151.69 Cr | ₹172.25 Cr |
| Basic EPS | ₹0.25 | ₹-4.97 | ₹-7.60 | ₹3.65 | ₹5.16 | ₹4.19 | ₹7.71 |
| Diluted EPS | ₹0.25 | ₹-4.97 | ₹-7.60 | ₹3.64 | ₹5.14 | ₹4.16 | ₹7.67 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,108.02 Cr | ₹2,580.15 Cr | ₹2,477.2 Cr | ₹2,552.94 Cr |
| Non-current Assets | ₹1,470.19 Cr | ₹1,182.42 Cr | ₹1,028.79 Cr | ₹1,023.13 Cr |
| Current Assets | ₹1,637.83 Cr | ₹1,397.73 Cr | ₹1,448.41 Cr | ₹1,529.81 Cr |
| Property, Plant & Equipment | ₹889.32 Cr | ₹662.24 Cr | ₹552.08 Cr | ₹583.66 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹41 Lakh |
| Trade Receivables | ₹689.59 Cr | ₹625.1 Cr | ₹701.9 Cr | ₹652.49 Cr |
| Cash & Equivalents | ₹107.12 Cr | ₹65.09 Cr | ₹24.39 Cr | ₹126.2 Cr |
| Equity (Net Worth) | ₹1,199.26 Cr | ₹454.23 Cr | ₹504.24 Cr | ₹560.3 Cr |
| Equity Share Capital | ₹99.22 Cr | ₹72.13 Cr | ₹72.04 Cr | ₹71.98 Cr |
| Borrowings (Non-current) | ₹34.46 Cr | ₹410.47 Cr | ₹223.6 Cr | ₹223.6 Cr |
| Borrowings (Current) | ₹9.2 Cr | ₹13.71 Cr | ₹114.95 Cr | ₹177.8 Cr |
| Total Debt (computed) | ₹43.66 Cr | ₹424.18 Cr | ₹338.55 Cr | ₹401.4 Cr |
| Current Liabilities | ₹1,417.62 Cr | ₹1,372.02 Cr | ₹1,443.75 Cr | ₹1,428 Cr |
| Total Liabilities | ₹1,908.76 Cr | ₹2,125.92 Cr | ₹1,972.96 Cr | ₹1,992.64 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹253.61 Cr | ₹343.17 Cr | ₹226.86 Cr | ₹119.4 Cr | ₹199.73 Cr |
| Investing Cash Flow | -₹316.16 Cr | -₹154.75 Cr | -₹52.55 Cr | -₹310.02 Cr | -₹149.77 Cr |
| Financing Cash Flow | ₹104.58 Cr | -₹147.72 Cr | -₹276.12 Cr | ₹182.94 Cr | -₹115.58 Cr |
| Capital Expenditure | ₹138.99 Cr | ₹180.89 Cr | ₹70.94 Cr | ₹71.03 Cr | ₹105.65 Cr |
| Free Cash Flow (computed) | ₹114.62 Cr | ₹162.28 Cr | ₹155.92 Cr | ₹48.37 Cr | ₹94.08 Cr |
| Dividends Paid | ₹18.03 Cr | ₹18.01 Cr | ₹18.01 Cr | ₹14.39 Cr | ₹17.94 Cr |
| Net Change in Cash | ₹42.03 Cr | ₹40.7 Cr | -₹101.81 Cr | -₹7.68 Cr | -₹65.62 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,791.41 Cr | ₹1,898.03 Cr | ₹1,685.27 Cr | ₹1,624.59 Cr | ₹1,569.51 Cr | ₹1,594.2 Cr | ₹1,521.1 Cr | ₹1,420.02 Cr | ₹1,450.76 Cr | ₹1,397.23 Cr | ₹1,364.76 Cr | ₹1,293.22 Cr |
| Other Income | ₹3.86 Cr | ₹5.26 Cr | ₹2.94 Cr | ₹5.07 Cr | ₹2.17 Cr | ₹6.25 Cr | ₹1.73 Cr | ₹5.67 Cr | ₹2.88 Cr | ₹2.26 Cr | ₹6.58 Cr | ₹6.18 Cr |
| Total Income | ₹1,795.27 Cr | ₹1,903.29 Cr | ₹1,688.21 Cr | ₹1,629.66 Cr | ₹1,571.68 Cr | ₹1,600.45 Cr | ₹1,522.83 Cr | ₹1,425.69 Cr | ₹1,453.64 Cr | ₹1,399.49 Cr | ₹1,371.34 Cr | ₹1,299.4 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹2 Lakh | ₹0 | ₹39 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹106.26 Cr | ₹110.2 Cr | ₹106.46 Cr | ₹104.48 Cr | ₹95.63 Cr | ₹101.28 Cr | ₹104.74 Cr | ₹101.95 Cr | ₹93.78 Cr | ₹107.79 Cr | ₹103.07 Cr | ₹99.16 Cr |
| Finance Costs | ₹14.3 Cr | ₹16.52 Cr | ₹21.67 Cr | ₹22.53 Cr | ₹20.55 Cr | ₹22.05 Cr | ₹19.12 Cr | ₹19.49 Cr | ₹17.43 Cr | ₹16.42 Cr | ₹16.53 Cr | ₹17.78 Cr |
| Depreciation & Amortisation | ₹69.89 Cr | ₹71.69 Cr | ₹71.72 Cr | ₹64.57 Cr | ₹58.39 Cr | ₹59.01 Cr | ₹53.96 Cr | ₹54.96 Cr | ₹51.28 Cr | ₹51.46 Cr | ₹51.79 Cr | ₹54.46 Cr |
| Other Expenses | ₹1,572.8 Cr | ₹1,685.04 Cr | ₹1,493.73 Cr | ₹1,443.86 Cr | ₹1,396.18 Cr | ₹1,419.23 Cr | ₹1,349.98 Cr | ₹1,251.79 Cr | ₹1,300.37 Cr | ₹1,237.19 Cr | ₹1,208.12 Cr | ₹1,127.04 Cr |
| Total Expenses | ₹1,763.25 Cr | ₹1,883.45 Cr | ₹1,693.58 Cr | ₹1,635.44 Cr | ₹1,570.75 Cr | ₹1,601.57 Cr | ₹1,527.8 Cr | ₹1,428.19 Cr | ₹1,462.86 Cr | ₹1,412.88 Cr | ₹1,379.51 Cr | ₹1,298.83 Cr |
| Profit Before Exceptional Items & Tax | ₹32.02 Cr | ₹19.84 Cr | -₹5.37 Cr | -₹5.78 Cr | ₹93 Lakh | -₹1.12 Cr | -₹4.97 Cr | -₹2.5 Cr | -₹9.22 Cr | -₹13.39 Cr | -₹8.17 Cr | ₹57 Lakh |
| Exceptional Items | ₹0 | -₹7.36 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.82 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹32.02 Cr | ₹12.48 Cr | -₹5.37 Cr | -₹5.78 Cr | ₹93 Lakh | -₹1.12 Cr | -₹4.97 Cr | -₹2.5 Cr | -₹9.22 Cr | -₹9.57 Cr | -₹8.17 Cr | ₹57 Lakh |
| Total Tax Expense | ₹9.59 Cr | ₹6.43 Cr | ₹2.95 Cr | ₹3.62 Cr | ₹6.24 Cr | ₹6.11 Cr | ₹4.64 Cr | ₹5.34 Cr | ₹2.69 Cr | ₹6.83 Cr | ₹7.29 Cr | ₹8.87 Cr |
| Net Profit | ₹22.36 Cr | ₹6.01 Cr | -₹8.36 Cr | -₹9.44 Cr | -₹5.29 Cr | -₹7.26 Cr | -₹9.61 Cr | -₹7.84 Cr | -₹11.91 Cr | -₹17.11 Cr | -₹15.61 Cr | -₹8.46 Cr |
| attributable to Owners | ₹20.19 Cr | ₹3.25 Cr | -₹10.35 Cr | -₹10.8 Cr | -₹6.75 Cr | -₹9.1 Cr | -₹10.75 Cr | -₹9.32 Cr | -₹12.85 Cr | -₹17.41 Cr | -₹15.93 Cr | -₹8.55 Cr |
| attributable to NCI | ₹2.17 Cr | ₹2.76 Cr | ₹1.99 Cr | ₹1.36 Cr | ₹1.46 Cr | ₹1.77 Cr | ₹1.14 Cr | ₹1.48 Cr | ₹94 Lakh | ₹30 Lakh | ₹32 Lakh | ₹9 Lakh |
| Other Comprehensive Income | ₹1.99 Cr | ₹6 Lakh | -₹13 Lakh | -₹7 Lakh | ₹31 Lakh | -₹7 Lakh | -₹6 Lakh | -₹7 Lakh | ₹83 Lakh | -₹6 Lakh | -₹6 Lakh | -₹7 Lakh |
| Total Comprehensive Income | ₹24.35 Cr | ₹6.07 Cr | -₹8.49 Cr | -₹9.51 Cr | -₹4.98 Cr | -₹7.33 Cr | -₹9.67 Cr | -₹7.91 Cr | -₹11.08 Cr | -₹17.17 Cr | -₹15.67 Cr | -₹8.53 Cr |
| EBITDA (computed) | ₹116.21 Cr | ₹108.05 Cr | ₹88.02 Cr | ₹81.32 Cr | ₹79.87 Cr | ₹79.94 Cr | ₹68.11 Cr | ₹71.95 Cr | ₹59.49 Cr | ₹54.49 Cr | ₹60.15 Cr | ₹72.81 Cr |
| Basic EPS | ₹2.04 | ₹0.33 | ₹-1.20 | ₹-1.50 | ₹-0.93 | ₹-1.25 | ₹-1.50 | ₹-1.29 | ₹-1.78 | ₹-2.42 | ₹-2.21 | ₹-1.19 |
| Diluted EPS | ₹2.03 | ₹0.33 | ₹-1.20 | ₹-1.50 | ₹-0.93 | ₹-1.25 | ₹-1.50 | ₹-1.29 | ₹-1.78 | ₹-2.42 | ₹-2.21 | ₹-1.19 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Supply Chain Management | ₹1,681.4 Cr | ₹29.65 Cr | ₹2,959.47 Cr | ₹1,807.08 Cr |
| Enterprise Mobility Services | ₹113.88 Cr | ₹2.37 Cr | ₹148.55 Cr | ₹101.68 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Supply Chain Management | ₹6,613.03 Cr | ₹23.53 Cr | - | - |
| Enterprise Mobility Services | ₹400.17 Cr | ₹9.82 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹5,671.98 Cr | ₹5,012.56 Cr | ₹4,529.9 Cr | ₹4,458.9 Cr | ₹3,631.08 Cr | ₹2,959.11 Cr | ₹3,260.9 Cr |
| Other Income | ₹11.5 Cr | ₹11.3 Cr | ₹13.3 Cr | ₹12.04 Cr | ₹9.56 Cr | ₹15.5 Cr | ₹13.29 Cr |
| Total Income | ₹5,683.48 Cr | ₹5,023.86 Cr | ₹4,543.2 Cr | ₹4,470.94 Cr | ₹3,640.64 Cr | ₹2,974.61 Cr | ₹3,274.19 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹41 Lakh | ₹6.58 Cr | ₹9.81 Cr | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹45 Lakh | -₹45 Lakh | ₹0 | ₹0 |
| Employee Benefit Expense | ₹325.01 Cr | ₹292.81 Cr | ₹284.94 Cr | ₹289.04 Cr | ₹282.2 Cr | ₹280.43 Cr | ₹291.14 Cr |
| Finance Costs | ₹59.13 Cr | ₹54.31 Cr | ₹44.11 Cr | ₹41.42 Cr | ₹26.04 Cr | ₹17.11 Cr | ₹14.43 Cr |
| Depreciation & Amortisation | ₹242.35 Cr | ₹196.05 Cr | ₹177.54 Cr | ₹169.17 Cr | ₹130.41 Cr | ₹82.75 Cr | ₹65.95 Cr |
| Other Expenses | ₹4,994.03 Cr | ₹4,422.51 Cr | ₹3,952.16 Cr | ₹3,886.54 Cr | ₹3,159.94 Cr | ₹2,557.68 Cr | ₹2,821.98 Cr |
| Total Expenses | ₹5,620.52 Cr | ₹4,965.68 Cr | ₹4,459.16 Cr | ₹4,393.2 Cr | ₹3,607.95 Cr | ₹2,937.97 Cr | ₹3,193.5 Cr |
| Profit Before Exceptional Items & Tax | ₹62.96 Cr | ₹58.18 Cr | ₹84.04 Cr | ₹77.74 Cr | ₹32.69 Cr | ₹36.64 Cr | ₹80.69 Cr |
| Exceptional Items | -₹4.76 Cr | ₹0 | ₹1.51 Cr | ₹2.7 Cr | ₹0 | -₹4 Cr | ₹0 |
| Profit Before Tax | ₹58.2 Cr | ₹58.18 Cr | ₹85.55 Cr | ₹80.44 Cr | ₹32.69 Cr | ₹32.64 Cr | ₹80.69 Cr |
| Total Tax Expense | ₹15.18 Cr | ₹14.68 Cr | ₹23.57 Cr | ₹15.91 Cr | ₹8.25 Cr | ₹8.65 Cr | ₹25.55 Cr |
| Net Profit | ₹43.02 Cr | ₹43.5 Cr | ₹61.98 Cr | ₹64.53 Cr | ₹24.44 Cr | ₹23.99 Cr | ₹55.14 Cr |
| Other Comprehensive Income | ₹1.25 Cr | ₹39 Lakh | ₹64 Lakh | ₹1.17 Cr | -₹77 Lakh | ₹7 Lakh | ₹34 Lakh |
| Total Comprehensive Income | ₹44.27 Cr | ₹43.89 Cr | ₹62.62 Cr | ₹65.7 Cr | ₹23.67 Cr | ₹24.06 Cr | ₹55.48 Cr |
| EBITDA (computed) | ₹364.44 Cr | ₹308.54 Cr | ₹305.69 Cr | ₹288.33 Cr | ₹189.14 Cr | ₹136.5 Cr | ₹161.07 Cr |
| Basic EPS | ₹4.78 | ₹6.04 | ₹8.60 | ₹8.97 | ₹3.40 | ₹3.35 | ₹7.72 |
| Diluted EPS | ₹4.78 | ₹6.03 | ₹8.58 | ₹8.94 | ₹3.39 | ₹3.33 | ₹7.68 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹3,034.45 Cr | ₹2,318.29 Cr | ₹2,128.24 Cr | ₹2,165.16 Cr |
| Non-current Assets | ₹1,773.89 Cr | ₹1,224.21 Cr | ₹1,004 Cr | ₹874.81 Cr |
| Current Assets | ₹1,260.56 Cr | ₹1,094.08 Cr | ₹1,124.24 Cr | ₹1,248.27 Cr |
| Property, Plant & Equipment | ₹777.64 Cr | ₹591.47 Cr | ₹521.94 Cr | ₹538.48 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹41 Lakh |
| Trade Receivables | ₹509.65 Cr | ₹461.81 Cr | ₹508.92 Cr | ₹451.38 Cr |
| Cash & Equivalents | ₹61.91 Cr | ₹43.36 Cr | ₹15.31 Cr | ₹114.64 Cr |
| Equity (Net Worth) | ₹1,476.39 Cr | ₹699.25 Cr | ₹675.46 Cr | ₹627.98 Cr |
| Equity Share Capital | ₹99.22 Cr | ₹72.13 Cr | ₹72.04 Cr | ₹71.98 Cr |
| Borrowings (Non-current) | ₹0 | ₹150 Cr | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹82 Cr | ₹150 Cr |
| Total Debt (computed) | ₹0 | ₹150 Cr | ₹82 Cr | ₹150 Cr |
| Current Liabilities | ₹1,148.78 Cr | ₹1,169.88 Cr | ₹1,170.93 Cr | ₹1,196.08 Cr |
| Total Liabilities | ₹1,558.06 Cr | ₹1,619.04 Cr | ₹1,452.78 Cr | ₹1,537.18 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹255.9 Cr | ₹381.5 Cr | ₹249.06 Cr | ₹146.28 Cr | ₹204.3 Cr |
| Investing Cash Flow | -₹601.47 Cr | -₹226.09 Cr | -₹102.96 Cr | -₹148.35 Cr | -₹149.79 Cr |
| Financing Cash Flow | ₹364.12 Cr | -₹127.36 Cr | -₹245.43 Cr | -₹14.34 Cr | -₹120.6 Cr |
| Capital Expenditure | ₹77.13 Cr | ₹143.49 Cr | ₹61.91 Cr | ₹70.67 Cr | ₹105.51 Cr |
| Free Cash Flow (computed) | ₹178.77 Cr | ₹238.01 Cr | ₹187.15 Cr | ₹75.61 Cr | ₹98.79 Cr |
| Dividends Paid | ₹18.03 Cr | ₹18.01 Cr | ₹18.01 Cr | ₹14.39 Cr | ₹17.94 Cr |
| Net Change in Cash | ₹18.55 Cr | ₹28.05 Cr | -₹99.33 Cr | -₹16.41 Cr | -₹66.09 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,413.95 Cr | ₹1,545.3 Cr | ₹1,366.91 Cr | ₹1,345.82 Cr | ₹1,293.13 Cr | ₹1,326.85 Cr | ₹1,235.92 Cr | ₹1,156.66 Cr | ₹1,183.27 Cr | ₹1,160.08 Cr | ₹1,135.63 Cr | ₹1,050.92 Cr |
| Other Income | ₹3.12 Cr | ₹3.92 Cr | ₹2.5 Cr | ₹1.96 Cr | ₹1.43 Cr | ₹4.41 Cr | ₹1.5 Cr | ₹3.96 Cr | ₹2.03 Cr | ₹1.77 Cr | ₹5.9 Cr | ₹3.6 Cr |
| Total Income | ₹1,417.07 Cr | ₹1,549.22 Cr | ₹1,369.41 Cr | ₹1,347.78 Cr | ₹1,294.56 Cr | ₹1,331.26 Cr | ₹1,237.42 Cr | ₹1,160.62 Cr | ₹1,185.3 Cr | ₹1,161.85 Cr | ₹1,141.53 Cr | ₹1,054.52 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹2 Lakh | ₹0 | ₹39 Lakh |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹80.79 Cr | ₹84.35 Cr | ₹81.16 Cr | ₹78.71 Cr | ₹72.7 Cr | ₹76.13 Cr | ₹72.88 Cr | ₹71.1 Cr | ₹64.36 Cr | ₹76.3 Cr | ₹72.71 Cr | ₹70.67 Cr |
| Finance Costs | ₹12.02 Cr | ₹14.3 Cr | ₹16.79 Cr | ₹16.02 Cr | ₹13.68 Cr | ₹15.05 Cr | ₹12.2 Cr | ₹13.38 Cr | ₹11.51 Cr | ₹10.17 Cr | ₹10.56 Cr | ₹11.87 Cr |
| Depreciation & Amortisation | ₹61.14 Cr | ₹62.47 Cr | ₹62.75 Cr | ₹55.99 Cr | ₹49.99 Cr | ₹50.91 Cr | ₹46.76 Cr | ₹48.39 Cr | ₹44.41 Cr | ₹44.02 Cr | ₹43.69 Cr | ₹45.42 Cr |
| Other Expenses | ₹1,234.08 Cr | ₹1,367.98 Cr | ₹1,203.59 Cr | ₹1,188.38 Cr | ₹1,140.73 Cr | ₹1,173.8 Cr | ₹1,093.97 Cr | ₹1,014.01 Cr | ₹1,054.99 Cr | ₹1,012.5 Cr | ₹988.97 Cr | ₹896.6 Cr |
| Total Expenses | ₹1,388.03 Cr | ₹1,529.1 Cr | ₹1,364.29 Cr | ₹1,339.1 Cr | ₹1,277.1 Cr | ₹1,315.89 Cr | ₹1,225.81 Cr | ₹1,146.88 Cr | ₹1,175.27 Cr | ₹1,143.01 Cr | ₹1,115.93 Cr | ₹1,024.95 Cr |
| Profit Before Exceptional Items & Tax | ₹29.04 Cr | ₹20.12 Cr | ₹5.12 Cr | ₹8.68 Cr | ₹17.46 Cr | ₹15.37 Cr | ₹11.61 Cr | ₹13.74 Cr | ₹10.03 Cr | ₹18.84 Cr | ₹25.6 Cr | ₹29.57 Cr |
| Exceptional Items | ₹0 | -₹4.76 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1 Lakh | ₹0 | ₹1.5 Cr |
| Profit Before Tax | ₹29.04 Cr | ₹15.36 Cr | ₹5.12 Cr | ₹8.68 Cr | ₹17.46 Cr | ₹15.37 Cr | ₹11.61 Cr | ₹13.74 Cr | ₹10.03 Cr | ₹18.85 Cr | ₹25.6 Cr | ₹31.07 Cr |
| Total Tax Expense | ₹7.66 Cr | ₹3.96 Cr | ₹1.33 Cr | ₹2.24 Cr | ₹4.34 Cr | ₹3.75 Cr | ₹3.07 Cr | ₹3.52 Cr | ₹2.17 Cr | ₹6.34 Cr | ₹6.96 Cr | ₹8.1 Cr |
| Net Profit | ₹21.38 Cr | ₹11.4 Cr | ₹3.79 Cr | ₹6.44 Cr | ₹13.12 Cr | ₹11.62 Cr | ₹8.54 Cr | ₹10.22 Cr | ₹7.86 Cr | ₹12.51 Cr | ₹18.64 Cr | ₹22.97 Cr |
| Other Comprehensive Income | ₹1.45 Cr | -₹6 Lakh | -₹7 Lakh | -₹7 Lakh | ₹59 Lakh | -₹7 Lakh | -₹6 Lakh | -₹7 Lakh | ₹84 Lakh | -₹7 Lakh | -₹6 Lakh | -₹7 Lakh |
| Total Comprehensive Income | ₹22.83 Cr | ₹11.34 Cr | ₹3.72 Cr | ₹6.37 Cr | ₹13.71 Cr | ₹11.55 Cr | ₹8.48 Cr | ₹10.15 Cr | ₹8.7 Cr | ₹12.44 Cr | ₹18.58 Cr | ₹22.9 Cr |
| EBITDA (computed) | ₹102.2 Cr | ₹96.89 Cr | ₹84.66 Cr | ₹80.69 Cr | ₹81.13 Cr | ₹81.33 Cr | ₹70.57 Cr | ₹75.51 Cr | ₹65.95 Cr | ₹73.03 Cr | ₹79.85 Cr | ₹86.86 Cr |
| Basic EPS | ₹2.16 | ₹1.15 | ₹0.44 | ₹0.89 | ₹1.82 | ₹1.62 | ₹1.18 | ₹1.42 | ₹1.09 | ₹1.74 | ₹2.59 | ₹3.19 |
| Diluted EPS | ₹2.15 | ₹1.15 | ₹0.44 | ₹0.89 | ₹1.82 | ₹1.61 | ₹1.18 | ₹1.42 | ₹1.09 | ₹1.73 | ₹2.58 | ₹3.18 |
| Segment · FY 2022 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Enterprise Mobility Services | ₹144.35 Cr | ₹5.58 Cr | - | - |
| Supply chain management | ₹3,486.73 Cr | ₹206.33 Cr | - | - |
Shareholding Pattern of Mahindra Logistics Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 59.58%, foreign institutional investors hold 4.82%, domestic institutional investors hold 13.86%, retail and other public shareholders hold 21.74% of Mahindra Logistics Limited. The company had 75,954 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Aug 2025 | Jun 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Promoters | 59.58% | 59.60% | 59.60% | 59.60% | 57.97% | 57.97% |
| Public | 40.42% | 40.40% | 40.40% | 40.40% | 42.03% | 42.03% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.58% | 57.97% | 58.04% | 58.09% | 58.18% | 58.34% | 58.45% | 58.52% | 61.05% |
| Public | 40.42% | 42.03% | 41.96% | 41.91% | 41.82% | 41.66% | 41.55% | 41.48% | 38.95% |
| Promoter change (YoY, %pts) | +1.61 | -0.07 | -0.05 | -0.09 | -0.16 | -0.11 | -0.07 | -2.53 | - |
Board & Governance of Mahindra Logistics Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Mahindra Logistics Limited has 8 directors - 5 independent and 1 executive. The board is chaired by Anish D Shah.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Anish D Shah | Non-Executive - Non Independent Director · Chairperson | 2021-04-02 | 6 |
| Hemant Sikka | Executive Director · CEO-MD | 2025-04-22 | 1 |
| Naveen Raju Kollaickal | Non-Executive - Non Independent Director | 2020-09-03 | 1 |
| Darius D Pandole | Non-Executive - Independent Director | 2017-07-25 | 2 |
| Ranu Vohra | Non-Executive - Independent Director | 2017-07-25 | 1 |
| Avani Vishal Davda | Non-Executive - Independent Director | 2018-06-06 | 5 |
| Malvika S Sinha | Non-Executive - Independent Director | 2020-07-30 | 3 |
| Ameet Pratapsinh Hariani | Non-Executive - Independent Director | 2022-05-01 | 5 |
| Committee | Members |
|---|---|
| Audit Committee | Ranu Vohra (Chairperson), Darius D Pandole, Avani Vishal Davda, Malvika S Sinha, Ameet Pratapsinh Hariani, Naveen Raju Kollaickal |
| Nomination and remuneration committee | Darius D Pandole (Chairperson), Anish D Shah, Ranu Vohra, Ameet Pratapsinh Hariani |
| Stakeholders Relationship Committee | Darius D Pandole (Chairperson), Naveen Raju Kollaickal, Avani Vishal Davda |
| Risk Management Committee | Avani Vishal Davda (Chairperson), Hemant Sikka, Ranu Vohra, Malvika S Sinha |
| Corporate Social Responsibility Committee | Ranu Vohra (Chairperson), Hemant Sikka, Naveen Raju Kollaickal, Malvika S Sinha |
| Investment Committee | Darius D Pandole (Chairperson), Hemant Sikka, Ranu Vohra, Naveen Raju Kollaickal |
| Capital Allocation Committee | Anish D Shah, Hemant Sikka, Naveen Raju Kollaickal, Ranu Vohra, Avani Vishal Davda |
Group Structure of Mahindra Logistics Limited
Mahindra Logistics Limited has 7 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Mahindra Logistics Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| V-Link Automotive Services Private Limited | U50500MH2010PTC198987 | - |
| V-Link Freight Services Private Limited | U62100MH2022PTC390187 | - |
| 2 X 2 Logistics Private Limited | U63000MH2012PTC237062 | - |
| Lords Freight (India) Private Limited | U63030MH2011PTC216628 | - |
| V-Link Fleet Solutions Private Limited | U63040MH2006PTC165955 | - |
| Mll Express Services Private Limited | U63040MH2006PTC165956 | - |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of Mahindra Logistics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2020 | Others | ₹22 Cr | Satisfied |
| 18 Jan 2011 | The Zoroastrian Co-Operative Bank Limited | ₹8 Cr | Satisfied |
| 01 Jun 2009 | The Dhanalakshmi Bank Ltd | ₹15 Cr | Satisfied |
| 13 Oct 2008 | Hdfc Bank Limited | ₹50 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Mahindra Logistics Limited
Mahindra Logistics Limited has a workforce of 4,005 employees as of Apr 02, 2024.
Employee Count & EPFO Data of Mahindra Logistics Limited
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GST Compliance of Mahindra Logistics Limited
GSTIN & GST Filing Data of Mahindra Logistics Limited
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Credit Ratings, Litigation & Regulatory Alerts for Mahindra Logistics Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Mahindra Logistics Limited
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MSME Payment Delays by Mahindra Logistics Limited
MSME Payment Delays by Mahindra Logistics Limited
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Subsidiaries & Group Companies of Mahindra Logistics Limited
Subsidiaries & Group Companies of Mahindra Logistics Limited
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MCA Filings & Documents of Mahindra Logistics Limited
MCA Filings & Documents of Mahindra Logistics Limited
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Recent Activity on Mahindra Logistics Limited
Recent News on Mahindra Logistics Limited
Frequently Asked Questions about Mahindra Logistics Limited
Mahindra Logistics Limited is an active public limited company in the transport and logistics sector based in Mumbai, Maharashtra, India. It was incorporated on 24 August 2007 (19+ years old) and is registered under CIN L63000MH2007PLC173466. Listed on BSE: 540768 and NSE: MAHLOG. The company has 4,005 employees.
Mahindra Logistics Limited reported revenue of ₹5,523.87 Cr for FY 2024 (up 7.00% YoY).
The current directors of Mahindra Logistics Limited are:
- Malvika Sahni Sinha
- Naveen Raju Kollaickal
- Avani Vishal Davda
- Isha Dalal
- Rampraveen Swaminathan
- Darius Dinshaw Pandole
- Jignesh Ashok Parikh
- Anish Dilip Shah
- Ameet Pratapsinh Hariani
- Hemant Sikka
- Saurabh Taneja
- Ranu Vohra
- Hemant Sikka
The primary industry of Mahindra Logistics Limited is transport and logistics. The company specifically operates in 3pl (third party logistics) services. The company is currently active in this sector.
Yes. Mahindra Logistics Limited is listed on both BSE (code: 540768) and NSE (symbol: MAHLOG).
Mahindra Logistics Limited can be reached at the registered office: Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018, or through the website mahindralogistics.com.