One Purpose Billion

Home , Mahindra Electric, Mahindra Group, Mahindra Lifespaces, Mahindra Susten, Mahindra Tractors, Tech Mahindra

250,000+ EMPLOYEES

MANY COMPANIES $19.4 ONE PURPOSE BILLION

100+ COUNTRIES

11 SECTORS

22 INDUSTRIES

1 © by www.mahindra.com Our story begins in 1945, with two men on a mission.

THE MISSION driven by the core idea that people will Mr. J. C. MAHINDRA succeed if given an opportunity - was to bring the iconic Jeep onto Indian roads.

Mr. K. C. MAHINDRA

2 © by www.mahindra.com A SNAPSHOT OF MAHINDRA'S MILESTONES

The iconic Willy’s We set up Maxi Jeep comes to Motors Financial India for the very We become Market Services, (now We pioneer Farm Mahindra Scorpio is first time, brought Leader & 100,000 Mahindra Finance) launched, credited in by M&M Mechanisation & tractors are flagged off to finance launch our first tractor to have shaped the by Mr. Keshub Mahindra Mahindra vehicles SUV market 1945 1949 1955-56 1961 1962 1980s 1986 1991 1996 2002

We set up Mahindra & We go public and Mahindra Ugine Joint Venture with Club Mahindra is born, providing Mohammed and officially listed on BSE Steel Co (MUSCO) British Telecom holidays on a timeshare basis commence steel trading is incorporated (now Tech Mahindra) as a company (now Sanyo)

Project Nanhi Kali is born, providing primary education to underprivileged girl children

3 © by www.mahindra.com A SNAPSHOT OF MAHINDRA'S MILESTONES

We set up Mahindra International, a truck & bus business through a JV with st We acquired Bangalore The iconic Jawa comes The 1 Mahindra World Navistar International and startup Reva, and back to India, brought City is set up in Chennai – International Truck & Engine We set up the expanded our EV portfolio in by M&M subsidiary, a step in creating Corporation (ITEC), USA Aftermarket business sustainable urbanisation to personal vehicles Classic Legends 2002 2003 2005 2007 2008 2009 2010 2011 2018 2019

We set up Mahindra Our acquisition of Punjab The PE & Corporate VC arm of We reposition from Unveiling of Shubhlabh Services Ltd. Tractors (now Swaraj) the Mahindra Group is born, with Mahindra, to Mahindra Pininfarina Battista, to export quality grapes consolidates our market a USD 1bn+ fund to invest in Rise, our new identity is world’s 1st leadership businesses that shape the future based on our philosophy all-electric hypercar

Mahindra Tractors wins Japan Quality Medal (JQM) as a recognition of We acquire Gipps innovation and quality Aero, Australia and Aerostaff, entering the aerospace sector

4 © by www.mahindra.com Rise gives us meaning and purpose. It instils in us ambition and attitude. To achieve whatever we set our minds to it asserts who we are, how we operate, what we believe in and our collective aspiration to be a globally admired brand.

5 © by www.mahindra.com CORE PURPOSE

Together, our core BRAND PILLARS purpose, brand pillars and core values form ACCEPTING ALTERNATIVE DRIVING POSITIVE NO LIMITS THINKING CHANGE the House of Mahindra the foundation and framework of our being

CORE VALUES Professionalism | Good Corporate Citizenship Customer First | Quality Focus | Dignity of the Individual

6 © by www.mahindra.com SHAPING INDUSTRIES TRANSFORMING LIVES

World's Largest Tractor Among India’s Company by Volume Top 5 IT Service Providers

No.1 Hospitality Company Amongst India's Largest outside of the USA We're Solar EPC Companies spearheading India's No .1 Multi-Brand India's biggest Large Certified Used-Car Company and paving Commercial Vehicle Maker new paths Pioneer in Building Smart Cities in Among India's Largest Third-Party India through Mahindra World Cities We are... Logistics Service Providers

Only Indian OEM in Formula E World's 1st All-Electric All-Electric Car Racing Championship Hyper car - Pininfarina Battista

7 © by www.mahindra.com THE MAHINDRA GROUP – AN OVERVIEW

Aerospace Information Technology

Aftermarket Insurance Broking

Agri-industry Logistics

Automotive Power backup …AND IN THE Boats 22 INDUSTRIES Real Estate & Infrastructure Clean Energy THAT SHAPE MOST Retail Construction Equipment MODERN ECONOMIES Rural Housing Finance

Consulting Steel

Defense Trucks & Buses

Farm Equipment Two Wheelers

Hospitality Vehicle & Equipment Finance

8 © by www.mahindra.com GLOBAL FOOTPRINT UK R&D facilities FINLAND TURKEY for Digitization, Smart R&D facilities R&D facilities for Farm Cities and Electric for Harvesting Mechanization with Racing Technology Technologies with Hisarlar & Erkunt Sampo Rosenlew

JAPAN R&D facilities for FRANCE Rice value Chain with Mitsubishi R&D facilities Agri Machinery for Two Wheelers Technology

USA SOUTH KOREA R&D facilities R&D facilities for Automotive & for Automotive Farm Technologies, Technology with Digitization, AI and IoT SsangYong ITALY R&D facilities INDIA for Advanced EV Automotive Engineering & Business presence Technologies Design, Connected Cars & and R&D facilities Business presence with Pininfarina Electric Vehicle Technology, Aerospace & Defense, Map not to scale, Automotive Tractors & Farm Machinery Two Wheelers Others Digitalization, AI & IoT For illustrative purpose only.

9 © by www.mahindra.com GLOBAL FOOTPRINT

The group has business Our R&D facilities are set up in presence in 100+ countries with 20 centers across 10 countries 50% revenue from outside India China, Finland, France, India, Italy, Japan, South Korea, Turkey, UK, USA

40 INDIA 01 KENYA 72 02 ALGERIA 01 MALI Manufacturing 02 AUSTRALIA 01 MEXICO facilities around the world 01 BENIN 01 NIGERIA 01 BRAZIL 02 S KOREA 01 CANADA 01 SOUTH AFRICA 01 CHAD 01 SRI LANKA

Farm Equipment 01 CHINA 01 TUNISIA Automotive 01 FINLAND 03 TURKEY Electric Vehicles 01 FRANCE 02 UAE Two Wheelers 01 INDONESIA 05 USA Others 01 JAPAN

10 © by www.mahindra.com GROUP MARKET CAPITALISATION – FY20 Group Market Capitalization Split US$ 18.11 bn**

20 INR 136,834 cr* 1.3 Others# (US$ 18.11 bn**) 18 1.3 Mahindra Finance 16

12 6.9 Tech Mahindra 10

4 8.4 Mahindra INR 6915 cr* & Mahindra 2 INR 1829 cr* (US$ 1.59 bn**) (US$ 0.58 bn**) 0 FY 95 FY 05 FY 20

*Price as on 31 June of corresponding fiscal year # Others include SsangYong, Mahindra Logistics, Mahindra CIE, Mahindra **US$ 1 = INR 75.54 Holidays, Mahindra Lifespaces, Swaraj Engines, Mahindra EPC

11 © by www.mahindra.com GROUP REVENUE – FY20 (US$ bn**)

Group Revenue Split 20 19.4

18 16.9 Others 12% 16 IT 14 12.5 28% 12

10 US$ 8 19.5 bn 6 Automotive Financial 36% 4 Services 9% 2

0 Farm Equipment FY 11 FY 15 FY 20 15%

**This is a full summation of Gross Revenue and other income of all the Mahindra Group companies taken together for FY20

12 © by www.mahindra.com MAHINDRA GROUP JOURNEY OF VALUE CREATION ₹ 1000/- invested in 1991 would have become more than ₹ 1.2 Lakhs today Over 125 times return in last 30 years at a CAGR of 17.6%

Share price of M&M (INR)

1000

800

600

400

200

13 © by www.mahindra.com VALUE CREATION IN LISTED COMPANIES Tech Mahindra* MMFSL ₹ Cr

Investment Returns Investment Returns 16,850 6,020

IRR: 24% IRR: 45% 1,206 986

Swaraj Engines Mahindra Holidays

Investment Returns Investment Returns

532 2,112

Returns include dividends, sale IRR: 37% & market value of the holding IRR: 21% on 31st March 2020. Investment 26 includes both original cost and 25 subsequent investments.

14 © by www.mahindra.com GROWTH DRIVERS…OUR GEMS We have identified certain unlisted businesses in our portfolio which could generate tremendous value. We would allocate the right resources to scale up these ‘Gems’.

Susten Rural Housing Finance Powerol Accelo Agri

Technology led Small ticket rural Telecom genset provider India’s leading steel Trusted provider of Agri utility scale solar housing loans, large with strong distribution; solution provider with inputs (seeds, crop dev-co with intl field force & customer- Scaling up thro’ high foray into auto re-cycling care, irrigation) and EPC experience oriented products KVA gensets through Cero high-quality fruits

Aftermarket Classic Legends Electric Mobility Bristlecone

Leading used car player Launched historic Making EVs since 2010, Full range mobility Specialist technology with end-to-end solution, brands in premium ME will build scale with player with pan provider for supply vast franchisee network motorcycle segment; EV technology for PVs India presence & chain, serving Fortune & strong online presence Strong start in market and 3 wheelers EV focus 500 customers

15 © by www.mahindra.com GOVERNANCE IS OUR BEDROCK Growth, Governance & Social Focus

Business Board of Directors & Committees Vision Award M&M: Golden M&M: ‘Best Corporate Peacock Global Governance – India Award for ‘Excellence Compliance 2019’ award from in Corporate Business Vision Governance for 2019 Promoting The Stakeholder Interest Mahindra People & Diversity M&M: ICSI ‘National Way Award for Excellence in Corporate Governance in Listed Sustainable Growth Segment: Large Category’ for 2019

M&M: AAA rating for 6 years in a row, from four key Credit Rating Agencies

16 © by www.mahindra.com DEFENCE & AERO SECTOR OVERVIEW BUSINESS HIGHLIGHTS

Mahindra Defence & Aero sector is the Group’s Working on delivering 3 major programs: foray into the Hi-Tech Defence & Aero industry • Armoured Light Specialist Vehicle – an indigenously designed Govt focus on ‘AtmaNirbhar Bharat’ & developed vehicle for Indian Army driving growth in the industry • Integrated Anti-Submarine Warfare Defence Suite for the Indian Navy Dedicated state-of-the-art facilities created and capabilities built to support indigenization of defence manufacturing • Airport Surveillance Radar project

Only corporate house in India to have capabilities to support Partnerships in place with renowned Global OEMs for all 3 wings of Defence forces – Land, Naval & Air Force. Military Helicopters, Fighter Aircrafts, Sea planes & Drones

Land & Naval Radars & Aerostructures Homeland & Systems Flight Simulators & Space Cyber Security Armoured, Tactical & JV with Telephonics, A reliable partner in Largest private sector Specialist vehicles to the USA for Radars & aerostructures supply player in India providing security forces in India as Electronic Surveillance chain manufacturing emergency response well as exports to UN systems. Only private parts, sub-assemblies & systems services. peacekeeping forces. Also sector entity in India flight critical assemblies doing Assembly, Integration manufacturing & for Global aircraft OEMs Also provide cyber & testing of M777 Howitzers exporting Airborne radars security services to for Indian army. Also supplying parts & corporates. Advanced flight simulator components for Indian Underwater naval based training for Indian Space missions systems for Indian Navy Air Force pilots. as well as global OEMs

17 © by www.mahindra.com AGRI BUSINESS

OVERVIEW BUSINESS HIGHLIGHTS

Mahindra’s Agri sector comprises of two Achieved topline of ₹ 1277 Crs in F20 flagship entities: MASL and MEIL Grown at a robust pace with 38% CAGR (9 yrs) MASL is a wholly owned subsidiary of M&M - Robust portfolio of Seeds, Crop care and fruits JVs with international partners for global technologies in crop care, seed potato and protected cultivation. MEIL (EPC), a Micro-Irrigation player, is listed on major Business footprint in 19 Indian states for Agri inputs, stock exchanges, with 54% stockholding of M&M presence in 5 continents for global fruit distribution

Micro Irrigation Seeds & Seed potato Crop Care Fruit Exports Robust product Robust in-house R&D for 60:40 JV with Sumitomo 15 years of experience portfolio of Drip rice and vegetables seeds Corporation, Japan. in fruit exports and Sprinkler Leading rice seeds player Strong base of 800+ irrigation systems. in Telangana Access to products of 12+ grape farmers in Nashik, 4th largest industry Japanese Ago-chemical Baramati and Sangli JV with HZPC, Netherlands, R&D companies player, 100%+ PAT for global seed potato varieties State-of-art packhouse in growth for 2 Launched ‘B-Safe’ Nashik, Maharashtra consecutive FYs State-of-art Aeroponics seed sanitizers in a record JV with Top potato plant in Mohali, Punjab time of 3 weeks Acquired OFD BV, Greenhouse, Israel for Netherlands in FY’17 to protected cultivation bolster presence in EU & CN

18 © by www.mahindra.com AUTOMOTIVE BUSINESS OVERVIEW BUSINESS HIGHLIGHTS

Automotive Sector is part of the M&M Ltd F20 Standalone Turnover: ₹ 27,788 Cr contributing 62% of total M&M Revenue F20 Consolidated Turnover*: ₹ 48,641 Cr Among Top 3 Players in India in segments in which we play – PV, CV, Electric Despite industry volatility, maintaining Operating Margins between since FY13 Full Range Automotive Player with 12%-14% presence in 5 distinct business streams Rated #2 in Sales Satisfaction & #3 in Service Exports to 35+ Countries Satisfaction by consumers (JD Power Survey)

Passenger Vehicles Commercial Vehicles Electric Vehicles Makers of True-Blue, High Presence across 3Wh, SCVs, Largest EV player in India Performance, and Capable Pick-ups, LCVs, MHCVs, with presence across e-3Wh SUVs since 1949 Construction Equipment and e-4Wh

Global presence in 50+ Dominant Player in Mahindra Electric: Separate Countries – Pininfarina Pick-ups (2T – 3.5T) business entity to focus on electric (Italy), MANA, MSA etc. with 65% market share powertrains, born-electric products

Mahindra-Ford Joint Strong up-country Electric poised to grow: Venture in India presence with 50%+ Industry CAGR of 100% rural share of business between FY15 – FY20

*Includes Turnover of SsangYong Motor Company

19 © by www.mahindra.com FARM EQUIPMENT BUSINESS

OVERVIEW BUSINESS HIGHLIGHTS Reliable, Powerful, Authentic

Farm Equipment Sector is part of the M&M Ltd F20 FES Standalone Turnover : ₹ 15,402 Cr contributing 34% of total M&M Revenue F20 FES Consolidated Turnover : ₹ 21,113 Cr Purpose is to democratize technology for small landholders across the world Despite industry volatility maintaining Standalone profit margins of 18-20% in last 5 years Maintaining Domestic Tractor Market Leadership over 3 decades with 41.2% Market Share in F20 Rated #1 for Mahindra tractors and #2 for Swaraj 1 Global presence in 57 countries with strong tractors in Customer Satisfaction Index in-market presence in USA, Turkey and Japan Pioneering technology

Tractors Farm Machinery Farming As a Service: Krish-e Range of 15 to >100 hp; Presence across the entire Latest offering that brings Agronomy selling across 3 brands Agri Value Chain through a + Digitization + Mechanization domestically – Mahindra, range of farm implements solutions to customers Swaraj & Trakstar Leveraging Global Krish-e offers progressive Global presence through interventions across the crop cycle to Mahindra, Mitsubishi Technologies through our help improve farmer outcomes that and Erkunt brands Centres of Excellence at - • Mitsubishi Agri Machinery are both affordable and accessible Affordable Mechanization No. 3 in the U.S. market in for Rice Value Chain the below 100hp category • Sampo for Harvesting 34 operational Kirsh-e centers • Hisarlar for Farm Implements across India as on Sept 2020

1 20 Based on survey done by Premonaisa for 2019 © by www.mahindra.com FINANCIAL SERVICES OVERVIEW BUSINESS HIGHLIGHTS

Largest NBFC in Rural and Semi-urban India Assets with ₹ 81,793 Cr in Highest ratings for short term & long term F20 with YoY growth of 10% instruments by major rating agencies Robust pan India presence with Global presence, with key investments in 1300+ branches USA (MFUSA) and Srilanka (Ideal Finance)

Financing Insurance Rural housing Mutual fund Caters Farmers, Small Provides variety of finance A Joint Venture with traders, Self employed, Manulife, a global risk covers related to Provides loans for purchase, Salaried, Small and wealth and asset Life Insurance and renovation, construction of Medium Enterprises management company Non-Life Insurance houses to individuals in the and Neo-entrepreneurs 14 million customers rural and semi-urban areas A unique earn & pay in 300k villages of the country. Offers wide variety of model with customised investment solutions Field investigation based credit repayment options and Networks in pan-India, with focus scoring for customers with speedy loan approvals 40+ countries for on semi-urban areas limited credit history, and limited reinsurance broking Loans available at or no documentation available Assets over ₹ 5000 Cr attractive interest rates from 1,70,000 investors and least documentation Flexible payment options to cater to erratic agricultural incomes 6.9 million customers across 3.7 lakh villages 1 million customers across 90,000 villages

21 © by www.mahindra.com HOSPITALITY

OVERVIEW BUSINESS HIGHLIGHTS

Mahindra Holidays & Resorts India Ltd Under Ind AS 118 (CAGR, over FY15 - FY19) (MHRIL). Is part of Mahindra Group Turnover – 9.7% ; PBT – 23.1% MHRIL is the largest vacation ownership brand in the world (outside USA) Under Ind AS 115 (YoY – FY19 over FY20) Holiday Club Resorts Oy, a leading European Turnover – 7.6% ; PBT – 24.0% timeshare and holiday accommodation operator is a fully owned subsidiary of MHRIL

Club Mahindra - India Holiday Club - Finland Leisure Ecosystem Over 260,000+ member base Over 60,000+ member base Club M Select: Member Experiences and Access to 69 Resorts in Access to 33 resorts and Privileges Program India and Across the World holiday homes across Finland, Sweden & Spain Dreamscapes – 2000+ Over 1000+ experiences In-City Experiences on offer for members Over a million holidays every year Network of 190+ Partner Hotels across India, Europe and Asia

22 © by www.mahindra.com INFORMATION TECHNOLOGY

OVERVIEW BUSINESS HIGHLIGHTS FY’20

Tech Mahindra represents the $ 3.7 Bn Net New Deal Wins connected world, offering innovative and customer-centric information technology 40% Digital Revenue experiences, enabling Enterprises, Associates and the Society to Rise™. Growth momentum CONNECTED WORLD It is a leading provider of digital CONNECTED EXPERIENCES transformation, consulting and business for Telecom providers reengineering services and solutions RETAIL Large deals in Enterprise $5.2 Billion Enterprise BFSI HEALTHCARE 123,416 Employees Among Top 3 Indian companies - Dow Jones MEDIA TRAVEL & LOGISTICS Sustainability Index (DJSI) World Ranking 90+ Countries COMMUNICATIONS 981 Active Customers CONSUMER GOODS TECHNOLOGY

Portfolio Companies GOVERNMENT LIFE SCIENCES MANUFACTURING ENTERTAINMENT

*SOFGEN is now Banking Products

23 © by www.mahindra.com MOBILITY SERVICES

OVERVIEW BUSINESS HIGHLIGHTS

Purpose: ‘Transforming India by Connecting Among India’s largest 3PL solutions providers People, Places and Assets’ specializing in supply chain management Delivering industry-first solutions through sustainability, innovation and technology Full range enterprise mobility player (B2B, B2B2C, B2C) Sunrise sector with all 3 businesses being 1st and largest organized used car player with potential Billion $ candidates India’s #1 auto auction portal (eDiig), used car pricing engine (IndianBlueBook) and vehicle inspection service (Autoinspekt)

Transport as a Vehicles as a Mobility as a Solution (TaaS) Solution (VaaS) Solution (MaaS) MLL: Amongst leaders in MFCW: Leading Meru + Alyte: Pan-India warehouse management with 16+ end-to-end enterprise and EV-led presence with million sq. ft of warehouse space retail solutions for used cars 70,000+ vehicles (300+ EVs) delivering 7+ Mn 10,000+ cargo vehicles personal rides per year deployed every month Carandbike: Leading auto portal with 13 Mn+ unique view Zoomcar: Pioneer brand Porter: Online goods transport in shared mobility and marketplace with 10 Mn+ rides in 6 self-drive rental segment cities since being founded in 2014 with 10,000+ cars

24 © by www.mahindra.com PARTNERS OVERVIEW

• Our vision: Accelerated value creation through a diversified global portfolio of emergent businesses driven by constant innovation, prudence and creative business models • Mahindra Partners has invested in and nurtured over 20 businesses across sectors such as healthcare, clean-tech, renewables, consumer retail, industrials and logistics BUSINESS HIGHLIGHTS • We provide our portfolio capital, operating expertise & strategic guidance Portfolio Companies: 16 • Focus Areas: Building the healthcare platform and growing our existing portfolio in clean- tech, consumer retail and industrials Employees: 3,000+

MAJOR BUSINESSES Revenue: USD 800 MN IPOs: 1 Sustainability Industrials Consumer & Clean-tech & Manufacturing & Retail Unicorns: 1

Healthcare Services

25 © by www.mahindra.com REAL ESTATE

OVERVIEW BUSINESS HIGHLIGHTS

Mahindra Lifespace Developers Ltd. (‘MLDL’) Development footprint spanning 25.3 million is the real estate arm of Mahindra Group sq. ft. of residential projects across seven Mahindra and Mahindra Ltd. has a Indian cities; and over 5000 acres of 51.5% stake in MLDL integrated developments and industrial clusters A pioneer of environment-friendly, sustainable developments in India; only developer with 100% certified portfolio

Residential developments Industrial Cities and Clusters

Multi-family apartments in gated Large format Industrial Cities that provide integrated residential communities in metros infrastructure for transnational and Indian companies in the manufacturing and services sectors Quality housing at affordable prices • Domestic Tariff Areas, Special Economic for the emerging Indian middle class Zones and co-located residential zones • Developments in public-private partnership with state industrial bodies

Strategically located Industrial Clusters in proximity to high growth corridors

26 © by www.mahindra.com TWO WHEELERS OVERVIEW Mahindra has invested in two Iconic Two-Wheeler Brands

BUSINESS HIGHLIGHTS

PMTC has leadership in the 50cc segment, with ‘Kisbee’ Classic Legends became the second largest delivering its best performance ever – Kisbee is the best-selling player in its segment (250-500 cc) scooter in France, and the #1 50cc scooter in the EU. within twelve months of inception In 2019, PMTC sold 65,526 units across the world, with a The company operates pan-India with a revenue of 121.8 Mn Euros, a growth of 11% over 2018. footprint of 100+ dealerships. The network is slated to double its size in FY 21 In the current year, as of YTD September, PMTC volumes have been +4% above the previous year, despite the fact PMTC felt the Turnover was INR 411Cr in FY 20 impact of Covid lockdown at the cusp of high season in Europe.

PEUGEOT CLASSIC LEGENDS

Peugeot Motocycles is the PMTC is headquartered at Mandeure, Classic Legends is 60% owned by Mahindra. Their portfolio of 2W side of the legendary in the east of France with active sales iconic motorcycle brands include Yezdi and the BSA. It is bringing French auto brand. operations in 50+ countries & these brands back and will eventually offer to its customers manufacturing in China, India and lifestyle options which contemporize the classic and are authentic Peugeot is the world’s oldest Vietnam (CKD partner) besides France. 2W Brand and celebrated Jawa was founded in 1929 in Czechoslovakia. The motorcycle was produced 210 years in Oct 2020. and sold in India from 1961 to 1973. It was the fore runner to the Yezdi. Mahindra Two Wheelers Europe acquired It is a pioneer in EVs a 51% stake in PMTC in 2015, and the Classic Legends resurrected Jawa in Nov 2018 by introducing Jawa having made its foray into balance stake in December 2019 making Classic and the Jawa forty-two and has recently added the Perak. the segment in 1996. it a 100% Mahindra subsidiary.

27 © by www.mahindra.com It’s not about how “big we become but how we become big.

Anand Mahindra ” Chairman, Mahindra Group

In whatever we do, we aim to make lives better. “ That’s why doing good is “as important to us, as DOING GOOD BUSINESS.

COMPASSION IT’S WHY WE

Rise for Good is our desire in action - the desire to drive positive change among our stakeholders, in the community, and in the world.

MLU, Women Leadership Mahindra Heavy Engineering Our Green businesses and MIT – HR will be best Nanhi Kali – 4lakh plus Ltd is India’s 1st and world’s 3rd have generated a revenue of to provide latest nos. SMART – 1 lakh plus manufacturing company to double 500+ milllion USD in F20 alone ESOPS – 6,93,305 energy productivity as per Employee hours in F20 500,000+ Youth Skilled through the EP100 program Electric Vehicles have across the group / Mahindra Pride and Tech saved 23000 metric 1,63,818 hours from M&M Mahindra Smart Programs 17.93 million trees tonnes of CO2 equivalent to planted since 2007 planting 12 lakh tress Mahindra Group donated 50 crore to PM Cares for 16 factories, 2 resorts and 1 Head COVID 1 relief fund corporate office are ZWL certified

Mahindra Susten has generated over 1182546.09 MWh of solar power it’s solar projects in 2019 - 20 resulting in ~1 million metric tonnes of CO2 emission saved.

AUTOMOTIVE AEROSPACE & DEFENSE MOBILITY SERVICES AGRI BUSINESS FARM EQUIPMENT

FINANCIAL SERVICES HOSPITALITY IT PARTNERS REAL ESTATE TWO WHEELERS

1st company to commit 1st carbon neutral factory in the 1st to reach zero waste to landfill at a to doubling energy India. Mahindra Group committed factory in India (2nd in the world). productivity in the world to be carbon neutral by 2040 20 locations across the group certified.

1st to use a carbon 1st to join Science Based 1st holiday resort to be 100% renewable price in India Targets program in India energy powered in India (Kanha)

Investments in sustainability Solar energy, waste to energy, Mahindra is water positive programs give superior recycling of automobiles, micro- overall. Future focus is on economic returns and have irrigation, electric vehicles and reducing fresh water use high environmental and green buildings are examples and also be water secure social impact of our green businesses in each location

33 © by www.mahindra.com DOING GOOD MAKES GOOD BUSINESS SENSE Today, several of our businesses have 'doing good' as their core value proposition.

DRIVING RURAL FINANCIAL PROSPERITY INCLUSIVITY

CLEAN ENERGY

GREEN MOBILITY

GREEN LIVING SPACES

34 © by www.mahindra.com MAHINDRA RISES TO FIGHT COVID-19 Unprecedented times require mankind to undertake extraordinary measures, stand and act in solidarity, like never before! Every possible resource within the Mahindra Group is being actively and uniquely leveraged to help beat the Coronavirus pandemic, in India and internationally.

Produced and delivered 250,000 face shields and Free emergency cab service (Alyte) 350,000 face masks to frontline medical staff, police, launched in 9 cities for doctors, nurses, single Bombay Municipal Corporation and community members mothers, specially-abled individuals, and senior citizens. 5000+ registrations received in under Started production of aerosol 20 days. 1000+ customers served. aspiration box in India Crowdsourced and donated funds to drivers Produced and Supplied 34,000 litres of impacted by the location under HOPE (Helping disinfectants and sanitizers by quickly Our People during Emergencies) relief-fund converting existing production facilities

Donated ₹50 crores to the PM CARES FUND Re-aligned frugal engineering capabilities to prepare a prototype of PEOPLE, low cost ventilators, in just 5 days PRODUCTS AND SERVICES Donated funds to Maharashtra Chief Minister’s Provided meals/ration packets to 210,000+ people. Relief Fund, Deputy Commissioner’s Office – Since 30th March, 9000+ beneficiaries have Mohali and Thiruvalluvar District Collectorate received daily nourishment across 12 locations Employee voluntary contribution 50 of our resorts across India have been made available of ₹2 crores towards the Mahindra as temporary care facilities to the government Foundation COVID-19 relief fund

35 © by www.mahindra.com MAHINDRA RISES TO FIGHT COVID-19 Unprecedented times require mankind to undertake extraordinary measures, stand and act in solidarity, like never before! Every possible resource within the Mahindra Group is being actively and uniquely leveraged to help beat the Coronavirus pandemic, in India and internationally.

Face Masks Meals

Face Shields Apps

Sanitizer Emergency Services With

Aerosol Aspiration Box Temporary Care Facility

RISE BEYOND BORDERS TECHNOLOGY TO CONNECT CITIZENS AND GOVERNMENT Initiated employee voluntary contributions to raise funds for COVID-19 relief work: Developed and deployed a block chain based ePass solution for state Governments to streamline validation and mobility or essential services

Partnered with nine Partnered with Raising funds in Helped developed Integrated Digital Health Platform major food banks Malaysia Digital Economy Philippines and to provide remote access to healthcare to raise US $110,000 Corporation and Red Indonesia also in the USA Cross Society of China Dial 100 emergency services and coordinate citizen services Producing and delivering aerosol boxes, face shields and masks in the USA Supported Ayushman Bharat with service center capabilities to message queries from citizens. Collecting used laptops and PCs to distribute to students from low-income households in the USA Collaborating to create computational drug discovery models to help find a cure for COVID-19

DO MORE WITH LESS DO IT TOGHETHER DO IT FOR ALL

Our endeavour is to always take We succeed by proliferating We fuel growth through inclusive frugal steps to achieve mighty wins ideas through collaboration and accessible innovations

INNOVATION IT’S HOW WE FUTURE + RISE = “ Because we constantly challenge the status quo, we’re able to find alternative ways to innovate and drive positive change. An integral part of our DNA, innovation “ is a key driver of business success. This reflects in our An Action word that means to creative expression. FUTURise, It is our culture, our ethos – where we innovate more with less, innovate ‘Bring in the FUTURE’. together, and innovate for all.

Mobility Urbanisation Farm Technology Information Technology

Mahindra Racing Mahindra World City DiGiSENSE Makers Lab Formula E, the all-electric We are transforming cities We ensure farmers pease of Our IT R&D centres, racing series is a into integrated hubs for mind and ease in farming Makers Labs, leverage catalystto accelerate smarter living, with intelligent with DiGiSENSE, enabling augmented reality to offer electric vehicle water management, live-tracking, geo-fencing, futuristic solutions to our partner development with our integrated energy solutions, and vehicle diagnostics for companies and customers. ‘Race-to-Road’vision. and smart surveillance. tractors. GAiA Mahindra AgTech Pininfarina Battista UP 100 An intelligent, self-evolving st Centre, USA It’s the world’s 1 all-electric Tech Mahindra, open-source AI platform that The research project is luxury hypercar that touches Mahindra Defence and UP is an evangelist in supporting our endeavor to advance 0-60 mph in under 2 Police have joined hands to business processes as well farm mechanization by seconds – that’s faster than create the world’s largest as delivering solutions for introducing newer a current Formula 1 car. integrated response centre climate change. for the safety of citizens. technologies such as fruitpicking robots.

38 © by www.mahindra.com OUR LEADERSHIP The people who spur us to our summit and inspire us to aim higher Anand Mahindra Chairman, Mahindra Group

CP Gurnani SP Shukla Ashok Hemant Sikka Kavinder Singh Dr. Anish Shah Rajesh Jejurikar Amit Sinha MD & CEO Group President Sharma President - MD (MHRIL) & MD & CEO, Executive Director President Tech Mahindra Agri, Aerospace. President - Agri Farm Equipment President (Leisure Mahindra Group Auto & Farm sector Group Strategy Defence and MD & CEO and Hospitality Steel Sector Mahindra Agri Sector) Solutions

L Ravichandran Manoj Bhat Manoj Chugh Ramesh Iyer Ruzbeh Irani S Durgashankar Vivek Agarwal Zhooben President & COO President and Group President - Vice Chairman President President - Group President, BFSI, Bhiwandiwala Tech Mahindra Chief Financial Officer Group Public & MD (MMFSL) & Group HR & Controller of Finance HLS, Corporate President - Affairs President (Financial Communications & Accounts Development, Mahindra Partners Services Sector) Tech Mahindra Group Legal & Compliance

India's Best Companies to Work for EHS Award (National) Best e-Vehicles Mahindra & Mahindra (Automotive & Farm Renewable Energy Sector Manufacturer Sectors), Mahindra & Mahindra Financial Mahindra Susten | Global Safety (Good Air Promoter) Services Ltd, Mahindra Rural Housing Finance Summit (Fire & Safety Forum in Mahindra Electric | Ltd, Mahindra Insurance Brokers Ltd (BFSI), association with UN Global) Good Air Summit Mahindra Holidays & Resorts India Ltd, Tech Mahindra | Great Place To Work Institute

8th Best Indian Brand Most Innovative Cybersecurity Company Mahindra | Interbrand Tech Mahindra | Cybersecurity Excellence Awards, 2019 Among 2000 Largest Companies of the World Mahindra & Mahindra | Forbes 2000 list 23rd on ‘Change The World’ list (one of two Indian companies) Best Company for CSR Mahindra & Mahindra | Fortune’s global Tech Mahindra | HYSEA, 2019 ‘Change The World’ list, 2019

Brand of the Decade Tech Mahindra | BARC Asia, 2019

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