Mahindra and Mahindra: Know All About Mahindra and Mahindra

Mahindra and Mahindra Limited, founded on 2 October 1945 in Ludhiana, Punjab, India, is a leading Indian multinational corporation operating in the automotive and farm equipment sectors. Established originally as a steel trading company named Mahindra & Mohammed, it was renamed Mahindra & Mahindra after India’s partition when its co-founder Malik Ghulam Muhammad moved to Pakistan. Today, M&M is headquartered in Mumbai, Maharashtra, and is part of the diversified Mahindra Group. The company is publicly traded on the Bombay Stock Exchange and the National Stock Exchange of India. Ranked seventeenth on Fortune India 500, it is Sensex and Nifty constituent.

The history of Mahindra and Mahindra is rooted in its founders’ vision of industrial growth in post-independence India. Jagdish Chandra Mahindra and Kailash Chandra Mahindra, along with Malik Ghulam Muhammad, started the enterprise in 1945. Recognizing opportunities in transportation, the company obtained a licence in the early 1950s to assemble Willys Jeeps, laying the foundation for its multi-utility vehicle business. By 1965, Mahindra had expanded into manufacturing light commercial vehicles and, soon after, agricultural tractors. Over time, the firm diversified its portfolio, evolving from a steel trader to an automobile manufacturer serving domestic and international markets while steadily expanding globally.

Mahindra & Mahindra operates through multiple business segments, including automotive, farm equipment, two-wheelers, financial services, and information technology. Its automotive division produces a broad range of vehicles such as SUVs, pickups, and commercial vehicles under the Mahindra brand. The farm equipment division, Mahindra Tractors, is the world’s largest tractor manufacturer by volume, with a network of over one thousand dealers serving millions of customers globally. In addition, the company has ventured into electric mobility through Mahindra Electric Mobility Limited and holds interests in renewable energy, hospitality, aerospace, and defense, reflecting its strategy of portfolio diversification, digital initiatives drive customer engagement.

In the fiscal year 2023–2024, Mahindra & Mahindra produced over 528,000 vehicles and reported consolidated revenues of ₹139,078 crore (USD 16 billion), underscoring its scale in the automotive industry. Operating income for the same period reached ₹24,892 crore, while net profit stood at ₹11,269 crore. The company managed total assets worth ₹83,811 crore and equity of ₹52,276 crore by March 2024. With a workforce exceeding 140,000 employees, Mahindra & Mahindra combines operational efficiency with a financial foundation, consistently positioning itself competitively against peers such as Tata Motors and Maruti Suzuki in the Indian market.

With a presence in over forty countries, Mahindra & Mahindra has established a global footprint through manufacturing facilities, subsidiaries, and joint ventures. Key subsidiaries include Mahindra Tractors, Mahindra Truck and Bus Division, Automobili Pininfarina, Classic Legends Motorcycles, and Pininfarina in Italy. International manufacturing plants span locations in India, the United States, China, Australia, South Africa, and Tunisia. Mahindra Automotive North America and Mahindra South Africa drive regional market growth, while strategic alliances with brands like Renault and Ford have enabled technology sharing and expanded distribution across key international markets. And alliances flourish globally. It also supports local economies through job creation.

Driven by innovation and sustainability, Mahindra & Mahindra continues to invest in next-generation technologies. The company’s electric vehicle range, including the XUV400 and BE6 SUVs, supports its commitment to zero-emission mobility. Its farm equipment sector introduced the Yuvo Tech+ tractor series and Oja range, enhancing precision farming. In renewable energy, M&M acquired a majority stake in Emergent Solren to develop solar power solutions. Recognized for corporate social responsibility, Mahindra’s Igatpuri plant became India’s first carbon-neutral facility in 2018. Looking ahead, the company aims to strengthen its digital capabilities, expand electric mobility offerings, focusing on digital transformation. It emphasizes leadership and governance.