Mahindra & Mahindra, Ltd
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Mahindra & Mahindra, Ltd. Company Profile Publication Date: 24 Feb 2012 www.datamonitor.com Europe, Middle East & Africa Americas Asia Pacific 119 Farringdon Road 245 5th Avenue Level 46 London 4th Floor 2 Park Street EC1R 3DA New York, NY 10016 Sydney, NSW 2000 United Kingdom USA Australia t: +44 20 7551 9000 t: +1 212 686 7400 t: +61 2 8705 6900 f: +44 20 7551 9090 f: +1 212 686 2626 f: +61 2 8088 7405 e: [email protected] e: [email protected] e: [email protected] Mahindra & Mahindra, Ltd. ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. 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TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................4 Key Facts...............................................................................................................4 Business Description...........................................................................................5 History...................................................................................................................7 Key Employees...................................................................................................12 Key Employee Biographies................................................................................14 Major Products and Services............................................................................21 Revenue Analysis...............................................................................................23 SWOT Analysis...................................................................................................25 Top Competitors.................................................................................................32 Company View.....................................................................................................33 Locations and Subsidiaries...............................................................................47 Mahindra & Mahindra, Ltd. Page 3 © Datamonitor Mahindra & Mahindra, Ltd. Company Overview COMPANY OVERVIEW Mahindra & Mahindra, Ltd. (M&M or ‘the group’) is a flagship company of the Mahindra Group, which through its subsidiaries, is primarily engaged in manufacturing and marketing of a range of utility vehicles. In addition, it also provides farm equipment services, steel trading and processing services, financial services, infrastructure development, hospitality services, information technology services, systech, and other services. The group operates in Asia, Americas, Europe, Middle East and Africa and Australia. It is headquartered in Mumbai, India and employs around 17,577 people. The group recorded revenues of INR323,899.9 million ($7,061 million) during the financial year ended March 2011 (FY2011), an increase of 28% over FY2010. The operating profit of the group was INR5,240.3 million ($114.2 million) in FY2011, as compared to an operating loss of INR17,573.6 million ($383.1 million) in FY2010.The net profit was INR30,797.3 million ($671.4 million) in FY2011, an increase of 24.3% over FY2010. KEY FACTS Head Office Mahindra & Mahindra, Ltd. Mahindra Towers G.M. Bhosale Marg Worli Mumbai Maharashtra 400 018 IND Phone 91 22 2497 5074 Fax 91 22 2490 0833 Web Address http://www.mahindra.com Revenue / turnover 323,899.9 (INR Mn) Financial Year End March Employees 17,577 Bombay Stock 500520 Exchange Ticker National of India M Ticker London Stock MHID Exchange Ticker Mahindra & Mahindra, Ltd. Page 4 © Datamonitor Mahindra & Mahindra, Ltd. Business Description BUSINESS DESCRIPTION Mahindra & Mahindra, Ltd. (M&M or ‘the group’) is an Indian manufacturer and marketer of utility vehicles, and tractors. It also provides farm equipment, steel trading and processing, financial, infrastructure development, hospitality, information technology services.The group operates in Asia, Americas, Europe, Middle East and Africa and Australia. At the end of March 2011, the group comprised of the flagship holding company, Mahindra & Mahindra Limited, 110 subsidiaries, 6 joint ventures and 13 associates. The group mainly operates through nine segments including automotive, farm equipment, Systech, IT (information technology) services, financial services, steel trading and processing, hospitality, infrastructure and other segments. M&M’s automotive segment comprises of sales of automobiles, spare parts and related services. The group manufactures and markets utility vehicles and light commercial vehicles including three-wheelers. It exports its automotive products to several regions including Europe, Africa, South America, South Asia and the Middle East. In FY2011, M&M automotive segment recorded total sales of 289,333 vehicles and 64,740 three-wheelers in which, the group sold 274,793 vehicles including 230,110 multi utility vehicles (MUVs), 35,493 small 4-wheelers (0.75 ton cargo/passenger) and 9,190 mini four-wheelers (0.5 ton cargo/passenger). Similarly, the group sold 14,540 vehicles including 305 vehicles sourced from Mahindra Navistar Automotives, and 2,598 three-wheelers in the overseas market. M&M markets its vehicles under Alfa, Bolero, Genio, Gio, Korando, Kyron, Loadking, Logan, Maxximo, REVA Electric Cars, Rexton II, Rodius, Scorpio, Thar, Verito, XUV 500 and Xylo brand names. The group’s farm equipment segment is engaged in the sale of tractors, spare parts and related services. In FY2011, M&M’s farm equipment segment (including Swaraj division) recorded sales of 214,325 tractors and recorded an increase of 22.3% over FY2010 sales. Under this segment, the group markets its vehicles under Arjun, Bhoomiputra, Sarpanch, Shaan, Yuvraj, FengShou, Huanghai Jinma and Swaraj brand names. In addition, in the in the power generation space under the Mahindra Powerol Brand, the group sold 27,748 engines in FY2011. The group through its Systech segment is engaged in providing automotive components and other related products and services. It provides design and engineering services, CAD and CAE services to the automotive domain, aerospace and general engineering industries. Its products include alloy steel, blankings, castings, composites, ferrites and magnetic products, forgings, gears, ring rolling, and stampings. M&M’s IT services segment includes services rendered to the technology and telecom industries. It provides a range of services that are focused on the supply chain, including strategy and process consulting, systems implementation and business process outsourcing, to the companies globally. Mahindra & Mahindra, Ltd. Page 5 © Datamonitor Mahindra & Mahindra, Ltd. Business Description M&M’s financial services segment comprise of services relating to financing, leasing and hire purchase of automobiles and tractors. It provides financing for utility vehicles (UVs), tractors and cars in the rural and semi-urban sectors. The group offers direct insurance broking services both in the life and non-life insurance segments with a focus on retail and commercial lines of businesses. The life insurance retail products include children’s plans, endowment, money back, retirement plans, term, unit linked plans and whole-life plans, while the group’s non-life insurance retail products cover personal, industrial, commercial, social and liability plans. The group’s steel trading and processing segment provides trading and processing of steel services. Its infrastructure segment is engaged in operating