About SML Mahindra Limited
Data last updated:
SML Mahindra Limited is a public limited company based in Nawanshahr, Punjab, India. It operates in the commercial vehicles and fleet segment of the automotive sector. It was incorporated on 26 July 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L50101PB1983PLC005516. Its GSTIN is 03AACCS2991P1ZX (Punjab). The company holds 29 GST registrations, of which 25 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 505192 and NSE: SMLMAH.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹14.47 Cr. It was formerly known as Swaraj Vehicles Limited and Swaraj Mazda Limited. It is led by directors including Venkataraman Srinivas (Whole-Time Director) and Vinod Kumar Sahay (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Village Asron District Nawanshahr, Punjab, India – 144533.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,837.92 Cr, a growth of 18.3% compared to the previous year. For the same year it recorded a net profit of ₹159.66 Cr (net margin 5.6%) and EBITDA of ₹278.41 Cr (EBITDA margin 9.8%). The net worth stands at ₹519.34 Cr (up 35.7% YoY). Total assets are valued at ₹858.33 Cr (up 11.2% YoY).
The company has about 1,009 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SML Isuzu. As per MCA filings, the company has open charges of ₹602.29 Cr and satisfied charges of ₹581.67 Cr on record. Court records list 415 cases involving the company, including 249 filed by the company and 166 filed against it; 36 cases are pending. The company has 35 deals on record (33 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹79.7 Cr; the latest was in July 2026. Its 6 peer companies in the Automobiles industry (Commercial Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles) are compared by revenue, 4 larger and 2 smaller; the largest is Daimler India Commercial Vehicles Private Limited with revenue of ₹10,586 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smlisuzu.com.
Company details
Name history
SML Mahindra has undergone 3 name changes throughout its history. The company was previously known as Swaraj Vehicles Limited, Swaraj Mazda Limited, and Sml Mahindra Limited. The current legal name is Sml Mahindra Limited.
| Company Name | Status |
|---|---|
| SML Mahindra Limited | Current |
| Swaraj Vehicles Limited | Previous |
| Swaraj Mazda Limited | Previous |
CIN history
SML Mahindra has one previous CIN (Corporate Identification Number): U50101PB1983PLC005516. The current CIN is L50101PB1983PLC005516, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L50101PB1983PLC005516 | Current |
| U50101PB1983PLC005516 | Previous |
Contact details
SML Mahindra Limited's registered office is in Nawanshahr, Punjab. Its website is smlisuzu.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Asron District Nawanshahr, Punjab, India – 144533
- IndustryAutomotive, Commercial Vehicles & Fleet
To see the full contact details of SML Mahindra Limited, buy the company report.
- 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
SML Mahindra operates one associated brand: SML Isuzu. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial vehicles including buses, trucks, and ambulances are manufactured. | smlisuzu.com |
Business activity
The main business activity of SML Mahindra is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of SML Mahindra Limited, buy the company report.
Financials of SML Mahindra Limited
FY 2025-26 filings availableSML Mahindra Limited reported revenue of ₹2,837.92 Cr (up 18.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,838 | 2,399 | 2,196 | 1,822 | 924 | 591 | 1,154 |
| Revenue growth | +18.3% | +9.3% | +20.6% | +97.1% | +56.4% | -48.8% | - |
| EBITDA | 278 | 235 | 179 | 81.65 | (41.19) | (68.79) | 11.89 |
| EBITDA margin | +9.8% | +9.8% | +8.2% | +4.5% | -4.5% | -11.6% | +1.0% |
| Profit before tax | 214 | 162 | 106 | 17.30 | (100) | (133) | (38.32) |
| Net profit | 160 | 122 | 107 | 19.86 | (99.81) | (134) | (21.25) |
| Net profit margin | +5.6% | +5.1% | +4.9% | +1.1% | -10.8% | -22.6% | -1.8% |
| EPS (₹) | 110.33 | 84.04 | 74.51 | 13.70 | (68.90) | (92.20) | (14.55) |
| Balance sheet | |||||||
| Total assets | 858 | 772 | 771 | 496 | 506 | 562 | 620 |
| Net worth | 519 | 383 | 286 | 178 | 161 | 256 | 385 |
| Total debt | 289 | 327 | 421 | 265 | 298 | 261 | 185 |
| Cash & bank | 20.70 | 19.84 | 48.69 | 5.84 | 13.63 | 33.12 | 36.33 |
| Net working capital | 471 | 394 | 383 | 97.15 | 110 | 130 | 144 |
| Cash flow | |||||||
| Cash from operations | 156 | 177 | (49.68) | 90.06 | (18.61) | (46.66) | 150 |
| Cash from investing | (65.83) | (60.94) | (45.80) | (42.09) | (6.96) | (28.21) | (46.75) |
| Cash from financing | (88.96) | (148) | 127 | (55.16) | 17.42 | 60.28 | (96.88) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 670 | 958 | 898 | 539 | 555 | 846 | 771 | 332 |
| Revenue growth (YoY) | +20.7% | +13.2% | +16.5% | +62.5% | +1.0% | +13.4% | - | - |
| Other income | 1.60 | 1.19 | 2.58 | 1.56 | 2.12 | 2.06 | 2.28 | 1.63 |
| Total expenses | 641 | 857 | 807 | 498 | 513 | 741 | 681 | 313 |
| EBITDA | 28.51 | 100 | 90.38 | 41.09 | 41.92 | 105 | 89.88 | 18.33 |
| EBITDA margin | +4.3% | +10.5% | +10.1% | +7.6% | +7.6% | +12.4% | +11.7% | +5.5% |
| Depreciation | 13.36 | 13.27 | 13.37 | 13.34 | 12.89 | 12.43 | 12.09 | 12.11 |
| Interest | 0.90 | 2.74 | 6.99 | 5.79 | 2.87 | 5.09 | 8.93 | 7.10 |
| Profit before tax | 15.85 | 85.28 | 72.60 | 23.52 | 28.28 | 89.55 | 71.14 | 0.75 |
| Tax | 4.15 | 21.66 | 18.40 | 5.98 | 7.23 | 22.59 | 18.19 | 0.22 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 670 | 958 | 898 | 539 | 555 | 846 | 771 | 332 |
| Revenue growth (YoY) | +20.7% | +13.2% | +16.5% | +62.5% | +1.0% | +13.4% | - | - |
| Other income | 1.60 | 1.19 | 2.58 | 1.56 | 2.12 | 2.06 | 2.28 | 1.63 |
| Total expenses | 641 | 857 | 807 | 498 | 513 | 741 | 681 | 313 |
| EBITDA | 28.51 | 100 | 90.38 | 41.09 | 41.92 | 105 | 89.88 | 18.33 |
| EBITDA margin | +4.3% | +10.5% | +10.1% | +7.6% | +7.6% | +12.4% | +11.7% | +5.5% |
| Depreciation | 13.36 | 13.27 | 13.37 | 13.34 | 12.89 | 12.43 | 12.09 | 12.11 |
| Interest | 0.90 | 2.74 | 6.99 | 5.79 | 2.87 | 5.09 | 8.93 | 7.10 |
| Profit before tax | 15.85 | 85.28 | 72.60 | 23.52 | 28.28 | 89.55 | 71.14 | 0.75 |
| Tax | 4.15 | 21.66 | 18.40 | 5.98 | 7.23 | 22.59 | 18.19 | 0.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,838 | 2,399 | 2,196 | 1,822 | 924 | 591 | 1,154 |
| Revenue growth | +18.3% | +9.3% | +20.6% | +97.1% | +56.4% | -48.8% | - |
| Other income | 8.33 | 6.05 | 5.41 | 3.12 | 5.96 | 4.93 | 5.14 |
| Total expenses | 2,560 | 2,164 | 2,017 | 1,740 | 965 | 660 | 1,142 |
| Employee cost | 228 | 206 | 196 | 172 | 133 | 133 | 155 |
| EBITDA | 278 | 235 | 179 | 81.65 | (41.19) | (68.79) | 11.89 |
| EBITDA margin | +9.8% | +9.8% | +8.2% | +4.5% | -4.5% | -11.6% | +1.0% |
| Depreciation | 52.03 | 48.35 | 47.52 | 42.43 | 43.53 | 46.17 | 40.72 |
| Interest | 20.75 | 29.88 | 30.35 | 25.04 | 21.51 | 23.34 | 14.63 |
| Profit before tax | 214 | 162 | 106 | 17.30 | (100) | (133) | (38.32) |
| Tax | 54.20 | 40.70 | (1.42) | (2.56) | (0.51) | 0.12 | (17.26) |
| Net profit | 160 | 122 | 107 | 19.86 | (99.81) | (134) | (21.25) |
| Net profit margin | +5.6% | +5.1% | +4.9% | +1.1% | -10.8% | -22.6% | -1.8% |
| EPS (₹) | 110.33 | 84.04 | 74.51 | 13.70 | (68.90) | (92.20) | (14.55) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.48 | 14.48 | 14.48 | 14.48 | 14.48 | 14.48 | 14.48 |
| Reserves & surplus | 505 | 368 | 271 | 163 | 147 | 241 | 370 |
| Shareholders' funds (net worth) | 519 | 383 | 286 | 178 | 161 | 256 | 385 |
| Secured loans | 280 | 284 | 364 | 119 | 39.42 | 45.69 | 6.97 |
| Unsecured loans | 8.97 | 42.79 | 57.56 | 146 | 258 | 216 | 178 |
| Total debt | 289 | 327 | 421 | 265 | 298 | 261 | 185 |
| Total liabilities | 858 | 772 | 771 | 496 | 506 | 562 | 620 |
| Assets | |||||||
| Gross block | 716 | 659 | 638 | 610 | 564 | 561 | 554 |
| Net block | 337 | 321 | 340 | 356 | 349 | 389 | 426 |
| Capital work in progress | 46.89 | 59.49 | 10.58 | 11.18 | 16.41 | 5.06 | 3.15 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 661 | 578 | 580 | 422 | 296 | 260 | 269 |
| Sundry debtors | 270 | 265 | 169 | 75.75 | 78.92 | 39.22 | 39.46 |
| Cash & bank balances | 20.70 | 19.84 | 48.69 | 5.84 | 13.63 | 33.12 | 36.33 |
| Loans & advances | 37.14 | 40.21 | 27.22 | 34.69 | 31.95 | 31.27 | 38.09 |
| Total current assets | 989 | 903 | 825 | 538 | 420 | 364 | 383 |
| Total current liabilities | 518 | 510 | 442 | 441 | 310 | 234 | 238 |
| Net working capital | 471 | 394 | 383 | 97.15 | 110 | 130 | 144 |
| Total assets | 858 | 772 | 771 | 496 | 506 | 562 | 620 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.10 | 34.82 | 3.49 | 10.67 | 18.83 | 33.83 | 27.45 |
| Net cash from operating activities | 156 | 177 | (49.68) | 90.06 | (18.61) | (46.66) | 150 |
| Net cash from investing activities | (65.83) | (60.94) | (45.80) | (42.09) | (6.96) | (28.21) | (46.75) |
| Net cash from financing activities | (88.96) | (148) | 127 | (55.16) | 17.42 | 60.28 | (96.88) |
| Net change in cash | 1.41 | (31.72) | 31.33 | (7.18) | (8.15) | (14.59) | 6.38 |
| Closing cash | 20.70 | 19.84 | 48.69 | 5.84 | 13.63 | 33.12 | 36.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.3% | +9.3% | +20.6% | +97.1% | +56.4% | -48.8% | - |
| EBITDA growth | +18.7% | +31.1% | +119.1% | +298.2% | +40.1% | -678.6% | - |
| PBT growth | +31.8% | +52.5% | +515.4% | +9998.0% | +24.8% | -248.0% | - |
| Net income growth | +31.4% | +13.8% | +437.8% | +119.9% | +25.3% | -529.0% | - |
| Revenue CAGR (3Y) | +15.9% | +37.4% | +54.9% | +16.4% | -13.1% | -19.6% | -5.2% |
| EBITDA CAGR (3Y) | +50.5% | - | - | +90.1% | - | - | -52.4% |
| Profitability & leverage | |||||||
| Net income margin | +5.6% | +5.1% | +4.9% | +1.1% | -10.8% | -22.6% | -1.8% |
| Return on capital employed | +28.8% | +24.9% | +21.4% | +8.4% | 0.0% | -18.6% | -3.5% |
| Return on net worth | +35.4% | +36.4% | +45.3% | +11.3% | 0.0% | -41.7% | -5.3% |
| Debt / equity | 0.68 | 1.12 | 1.48 | 1.66 | 1.34 | 0.70 | 0.54 |
| Long-term debt / equity | 0.09 | 0.16 | 0.14 | 0.10 | 0.16 | 0.25 | 0.26 |
| Interest cover | 9.17 | 16.05 | 23.10 | 63.84 | -25.39 | -20.30 | -50.75 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.13 | 3.70 | 3.52 | 3.10 | 1.64 | 1.06 | 2.26 |
| Inventory turnover | 4.58 | 4.14 | 4.38 | 5.07 | 3.32 | 2.23 | 3.33 |
| Debtors turnover | 10.60 | 11.05 | 17.95 | 23.55 | 15.65 | 15.02 | 12.27 |
| EPS (₹) | 110.33 | 84.04 | 74.51 | 13.70 | (68.90) | (92.20) | (14.55) |
| Dividend per share (₹) | 23.50 | 18.00 | 16.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 358.69 | 264.29 | 197.25 | 122.90 | 111.53 | 176.51 | 265.81 |
To see the full year-wise statements and ratios of SML Mahindra Limited, buy the company report.
Board of directors of SML Mahindra Limited
SML Mahindra has 7 current directors and 52 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandra Shekhar Verma Also directs: Welspun Corp Limited, Ikio Technologies Limited, Shyam Metalics and Energy Limited and 3 more | Director | 22 Sep 2019 | 7 Years 1 Months | Current |
| Ravi Venkatraman Also directs: Praxis Home Retail Limited, SBFC Finance Limited, Arisunitern Re Solutions Private Limited and 5 more | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Arun Kumar Malhotra | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Smita Piyush Mankad | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Venkataraman Srinivas | Whole-Time Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Mahima Chugh Also directs: Smartshift Logistics Solutions Private Limited | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
SML Mahindra Limited is compared with the 6 companies closest to it by revenue in the Automobiles industry (Commercial Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Daimler India Commercial Vehicles Private Limited | ₹10,586 Cr (FY 2025) | -12.0% | Kundrathur, Tamil Nadu, India | |||
| Force Motors Limited | ₹8,128.29 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India | |||
| Volvo Group India Private Limited | ₹5,487.9 Cr (FY 2025) | 13.0% | Bangalore, Karnataka, India | |||
| Jupiter Wagons Limited | ₹4,007.64 Cr (FY 2025) | 9.0% | Jabalpur, Madhya Pradesh, India | |||
| SML Mahindra Limitedthis company | ₹2,837.92 Cr (FY 2026) | ₹159.66 Cr | 5.6% | 18.3% | 1,009 | Nawanshahr, Punjab, India |
| Ashok Leyland Vehicles Limited | ₹1,674.54 Cr (FY 2018) | 48.0% | Chennai, Tamil Nadu, India | |||
| Tata Motors Body Solutions Limited | ₹686.22 Cr (FY 2025) | -50.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of SML Mahindra Limited, buy the company report.
Auditor
SML Mahindra Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 59.00%, foreign institutional investors hold 1.20%, domestic institutional investors hold 2.50% and retail and other public shareholders hold 37.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 59.00% | 59.00% | 59.00% | 59.00% |
| Public | 41.00% | 41.00% | 41.00% | 41.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101156129 | Others | ₹10 Lakh | Open | |
| 31 Jul 2025 | 101156214 | Others | ₹12.75 Lakh | Open | |
| 30 Jun 2025 | 101129450 | Others | ₹11 Lakh | Open | |
| 30 Jun 2025 | 101129452 | Others | ₹10.44 Lakh | Open | |
| 24 Mar 2025 | 101065488 | Others | ₹50 Cr | Open |
To see the full charge records of SML Mahindra Limited, buy the company report.
Total charge records: 62 View all charges
Deals & funding
SML Mahindra Limited has 35 deals on record (33 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹79.7 Cr; the latest was in July 2026.
Deals on record (5 of 35)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹46.93 Cr | Buyer: Qe Securities LLP Seller: Qe Securities LLP |
| Jul 2025 | Market trade | ₹38.07 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jul 2025 | Market trade | ₹67.06 Cr | Buyer: Hrti Private Limited , Aakraya Research LLP Seller: Hrti Private Limited , Aakraya Research LLP |
| Jul 2025 | Market trade | ₹21.28 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jul 2025 | Market trade | ₹20.88 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
To see the full deal history of SML Mahindra 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
SML Mahindra Limited has 415 court cases on record: 249 filed by SML Mahindra, 166 filed against it. 36 cases are pending and 379 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 253 | 79 | 20 |
| High courts | 143 | 74 | 16 |
| Supreme Court | 19 | 13 | 0 |
Cases on record (5 of 415)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against Delhi Metro Rail Corporation Limited | Disposed |
| District court, Chandigarh | Commercial suit | Filed by the company against KHT Agencies Pvt Ltd and 3 others | Disposed |
| District court, Chandigarh | Interim or miscellaneous application | Filed by the company against M/Skht Agencies Pvt Ltd. and 2 others | Disposed |
| District court, SBS Nagar, Punjab | Civil suit | Filed against the company by DTL Ancillaries Ltd. | Disposed |
| High Court, MAHARASHTRA | Appeal | Filed against the company by The New India Assurance Co.Ltd. Through Its Branch Manager, | Disposed |
To see the full case history of SML Mahindra 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.
Credit ratings & regulatory alerts
SML Mahindra Limited was last rated by Icra on 18 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Aug 2021 |
To see the full credit ratings and regulatory alerts of SML Mahindra Limited, buy the company report.
MSME payment delays
SML Mahindra Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 3 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Anchemco Anand LLP | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of SML Mahindra Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SML Mahindra Limited has a workforce of 1,009 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
SML Mahindra has 29 GST registrations: 25 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCS2991P1ZX | Punjab | Active | 01 Jul 2017 |
| 02AACCS2991P1ZZ | Himachal Pradesh | Active | 01 Jul 2017 |
| 04AACCS2991P1ZV | Chandigarh | Active | 01 Jul 2017 |
| 05AACCS2991P1ZT | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SML Mahindra Limited, buy the company report.
Recent activity
SML Mahindra Limited has 111 board changes on record since 1983: 59 appointments and 52 cessations. The latest: Rakesh Bhalla ceased to be CFO on 30 Sep 2025.
223 earlier events are in the company report.
News
Frequently asked questions
SML Mahindra is an active public limited company based in Nawanshahr, Punjab, India. The company works in commercial vehicles and fleet, within the automotive industry. It was incorporated on 26 July 1983 (43+ years old) and is registered under CIN L50101PB1983PLC005516. Listed on BSE: 505192 and NSE: SMLMAH.
SML Mahindra reported revenue of ₹2,837.92 Cr for FY 2025-26 (up 18.3% YoY) based on standalone financials.
SML Mahindra has 7 current directors:
- Venkataraman Srinivas - Whole-Time Director
- Vinod Kumar Sahay - Whole-Time Director
- Chandra Shekhar Verma - Director
- Ravi Venkatraman - Director
- Arun Kumar Malhotra - Director
- Smita Piyush Mankad - Director
- Mahima Chugh - Director
The latest financial statements of SML Mahindra on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SML Mahindra is 03AACCS2991P1ZX, registered in Punjab. The company has 29 GST registrations in all, of which 25 are active and 4 are cancelled or inactive. Other active GSTINs include 02AACCS2991P1ZZ (Himachal Pradesh), 04AACCS2991P1ZV (Chandigarh), 05AACCS2991P1ZT (Uttarakhand).
The CIN (Corporate Identification Number) of SML Mahindra is L50101PB1983PLC005516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. SML Mahindra is a listed company as per MCA records. Its shares are listed on both BSE (code: 505192) and NSE (symbol: SMLMAH).
SML Mahindra has 415 court cases on record: 249 filed by the company and 166 filed against it. 36 are pending. Most are in the district courts.
SML Mahindra was incorporated on 26 July 1983, making it 43+ years old. It is registered with the Registrar of Companies, Chandigarh.
SML Mahindra has 35 deals on record (33 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹79.7 Cr; the latest was in July 2026.
The peers of SML Mahindra by revenue are Daimler India Commercial Vehicles Private Limited, Force Motors Limited, Volvo Group India Private Limited, Jupiter Wagons Limited, Ashok Leyland Vehicles Limited and 1 more, all in the Automobiles industry (Commercial Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Rakesh Bhalla ceased to be CFO on 30 Sep 2025. Arun Kumar Malhotra was appointed as Director on 01 Aug 2025. Atima Khanna ceased to be Director on 01 Aug 2025. SML Mahindra has 111 board changes on record in total.