LIST OF GROUP COMPANIES OF MAHINDRA ASSET MANAGEMENT COMPANY PRIVATE LIMITED (AMC) AND MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED (SPONSOR) AS ON MARCH 31, 2020 (In terms of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/152 dated December 10, 2019) Sr. No. Name of the Company 1 Mahindra & Mahindra Financial Services Limited 2 Mahindra Insurance Brokers Limited 3 Mahindra Rural Housing Finance Limited 4 Mahindra Finance USA, LLC 5 Association of Mutual Fund in India 6 Yes Securities (India) Limited 7 2 X 2 Logistics Private Limited 8 Airvan Flight Services Pty. Limited 9 Airvan10 Pty Ltd. 10 Anthurium Developers Limited 11 Are Villas AB 1 12 Are Villas AB 2 13 Astra Solren Private Limited 14 Auto Digitech Private Limited 15 Brightsolar Renewable Energy Private Limited 16 Bristlecone (Malaysia) Sdn. Bhd 17 Bristlecone (Singapore) Pte. Limited 18 Bristlecone Consulting Limited 19 Bristlecone GmbH 20 Bristlecone Inc. 21 Bristlecone India Limited 22 Bristlecone International AG 23 Bristlecone Limited 24 Bristlecone Middle East DMCC 25 Bristlecone UK Limited 26 BSA Company Limited 27 Classic Legends Private Limited 28 Cleansolar Renewable Energy Private Limited 29 Divine Solren Private Limited 30 Mahindra EPC Irrigation Limited 31 GA200 Pty. Limited 32 GA8 Airvan Pty. Limited 33 Gables Promoters Private Limited 34 Gippsaero Pty. Limited 35 HCR Management Oy, Finland 36 Heritage Bird (M) Sdn. Bhd 37 Hisarlar Ithalat Ihracat Pazarlama Anonim Sirketi 38 Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi 39 Holiday Club Canarias Investments S.L.U 40 Holiday Club Canarias Resort Management S.L.U 41 Holiday Club Canarias Sales & Marketing S.L.U 42 Holiday Club Resort Oy, Finland 43 Holiday Club Resorts Rus LLC Page 1 of 6 Sr. No. Name of the Company 44 Holiday Club Sport and Spa AB 45 Holiday Club Sweden Ab 46 Mahindra Industrial Park Private Limited (Formerly known as Industrial Cluster Private Limited) 47 Industrial Township (Maharashtra) Limited 48 Infinity Hospitality Group Company Limited 49 Kiinteisto Oy Himos Gardens 50 Kiinteisto Oy Kuusamon Pulkkajarvi 1 51 Kiinteisto Oy kylpylantorni 1 52 Kiinteisto Oy Mallosniemi 53 Kiinteisto Oy Rauhan Liikekinnteistot 1 54 Kiinteisto Oy Rauhan Ranta 1 55 Kiinteisto Oy Rauhan Ranta 2 56 Kiinteisto Oy Spa Lofts 2 57 Kiinteisto Oy Spa Lofts 3 58 Kiinteisto Oy Tenetinlahti 59 Kiinteisto Oy Tiurunniemi 60 Kiinteisto Oy Katinnurkka 61 Kiinteisto Oy Vanha Ykkostii 62 Knowledge Township Limited 63 Kota Farm Services Limited 64 Lords Freight (India) Private Limited 65 M/s. Convington S.a.r.l 66 M/s. MHR Holdings (Mauritius) Limited 67 Mahindra Teqo Private Limited (Formerly Known as “MachinePulse Tech Private Limited”) 68 Mahindra & Mahindra Contech Limited 69 Mahindra & Mahindra South Africa (Pty.) Ltd. 70 Mahindra ‘Electoral Trust’ Company 71 Mahindra Aerospace Australia Pty. Limited 72 Mahindra Aerospace Private Limited 73 Mahindra Aerostructures Private Limited 74 Mahindra Agri Solutions Limited 75 Mahindra Airways Limited 76 Mahindra and Mahindra Limited 77 Mahindra Asset Management Company Private Limited 78 Mahindra Auto Steel Private Limited 79 Mahindra Automobile Distributor Private Limited 80 Mahindra Automotive Australia Pty. Ltd. 81 Mahindra Bloomdale Developers Limited 82 Mahindra CIE Automotive Limited 83 Mahindra Construction Company Limited 84 Mahindra Consulting Engineers Limited 85 Mahindra Defence Naval Systems Limited 86 Mahindra Defence Systems Limited 87 Mahindra do Brasil Industrial Ltda. 88 Mahindra Electric Mobility Limited 89 Mahindra Electrical Steel Private Limited 90 Mahindra eMarket Limited 91 Mahindra Emirates Vehicle Armouring FZ-LLC Page 2 of 6 Sr. No. Name of the Company 92 Mahindra Engineering and Chemical Products Limited 93 Mahindra Europe S.r.l 94 Mahindra First Choice Services Limited 95 Mahindra First Choice Wheels Limited 96 Mahindra Graphic Research Design S.r.l 97 Mahindra Greenyard Private Limited 98 Gromax Agri Equipment Limited 99 Mahindra Heavy Engines Limited 100 Mahindra Holdings Limited 101 Mahindra Holidays & Resorts India Limited 102 Mahindra Homes Private Limited 103 Mahindra Hotels and Residences India Limited 104 Mahindra HZPC Private Limited 105 Mahindra Industrial Park Chennai Limited 106 Mahindra Infrastructure Developers Limited 107 Mahindra Integrated Business Solutions Private Limited 108 Mahindra Integrated Township Limited 109 Mahindra International UK Ltd. 110 Mahindra Intertrade Limited 111 Mahindra Lifespace Developers Limited 112 Mahindra Logistics Limited 113 Mahindra Mexico S. de. R. L. 114 Mahindra MiddleEast Electrical Steel Service Centre (FZC) 115 Mahindra MSTC Recycling Private Limited 116 Mahindra Namaste Limited 117 Mahindra North American Technical Centre Inc 118 Mahindra Overseas Investment Company (Mauritius) Limited 119 PMTC Engineering S.P.A. 120 Mahindra Racing UK Limited 121 Mahindra Renewables Private Limited 122 Mahindra Residential Developers Limited 123 Mahindra Retail Limited 124 Mahindra Sanyo Special Steel Private Limited 125 Mahindra Steel Service Centre Limited 126 Mega Suryaurja Private Limited 127 Mahindra Susten Private Limited 128 Mahindra Telephonics Integrated Systems Limited 129 Mahindra Tractor Assembly Inc. 130 Mahindra Trucks and Buses Limited 131 Mahindra Trustee Company Private Limited 132 Mahindra Two Wheelers Europe Holdings S.a.r.l 133 Mahindra Two Wheelers Limited 134 Mahindra USA Inc. 135 Mahindra Vehicle Manufacturers Limited 136 Mahindra Water Utilities Limited 137 Mahindra West Africa Ltd 138 Mahindra World City (Jaipur) Limited 139 Mahindra World City (Maharashtra) Limited Page 3 of 6 Sr. No. Name of the Company 140 Mahindra World City Developers Limited 141 Mahindra-BT Investment Company (Mauritius) Limited 142 Marvel Solren Private Limited 143 MH Boutique Hospitality Limited 144 Mitsubishi Mahindra Agricultural Machinery Co. Ltd. 145 NBS International Limited 146 Neo Solren Private Limited 147 Nomad TC Pty. Limited 148 OFD Holdings BV 149 Officemartindia.com Limited 150 Origin Direct Asia Ltd 151 Origin Direct Asia (Shanghai) Trading Co. Ltd. 152 Origin Fruit Direct BV 153 Origin Fruit Services South America SpA 154 Orizonte Business Solutions Limited 155 Ownership Services Sweden Ab 156 Peugeot Motocycles Deutschland GmbH 157 Peugeot Motocycles Italia S.P.A 158 Peugeot Motocycles S.A.S. 159 PF Holdings B.V. 160 Retail Initiative Holdings Limited 161 Sampo Rosenlew Oy, Finland 162 Ssangyong European Parts Center B.V 163 Ssangyong Motor (Shanghai) Company Limited 164 Ssangyong Motor Company 165 Suomen Vappa-aikakiinteistot Oy 166 Supermarket Capri Oy 167 Swaraj Engines Limited 168 SY Auto Capital Co. Ltd 169 Tech Mahindra Limited 170 Trringo.com Limited 171 Mahindra Waste to Energy Solutions Limited 172 Mahindra Telecom Energy Management Services Limited 173 Mahindra Happinest Developers Limited 174 Moonshine Construction Private Limited 175 Deep Mangal Developers Private Ltd 176 Mahindra Automotive North America Inc 177 Mahindra Vehicle Sales and Service Inc 178 Erkunt Traktor Sanayii A.S 179 Erkunt Sanayi A.S 180 Mahindra Fresh Fruits Distribution Holding Company (Europe) B.V 181 Are Villas 3 AB 182 M.I.T.R.A Agro Equipments Private Limited 183 Zoomcar Inc. 184 Carnot Technologies Private Limited 185 Resfeber Labs Private Limited 186 SsangYong Australia Pty Limited 187 Automobili Pininfarina GmbH Page 4 of 6 Sr. No. Name of the Company 188 Automobili Pininfarina Americas Inc. 189 Mahindra Knowledge Park Mohali Limited 190 Mahindra Summit Agriscience Limited 191 Mahindra Top Greenhouses Private Limited 192 PT Mahindra Accelo Steel Indonesia 193 Mahindra Automotive Mauritius Limited 194 Mahindra Susten Bangladesh Private Limited 195 Mahindra Armored Vehicles Jordan, LLC. 196 MSPE URJA S.R.L. 197 Holiday Club Canarias Vacation Club SLU 198 Mahindra Ideal Lanka (Private) Limited 199 Tech Mahindra (Americas) Inc., 200 Tech Talenta Inc. 201 FixStream Networks Inc., 202 Fixstream India Private Limited 203 Tech Mahindra GmbH 204 TechM IT - Services GmbH 205 Tech Mahindra Norway AS 206 Tech Mahindra (Singapore) Pte Limited 207 Tech Mahindra (Thailand) Limited 208 PT Tech Mahindra Indonesia 209 Tech Mahindra ICT Services (Malaysia) SDN. BHD 210 Tech Mahindra (Beijing) IT Services Limited 211 Tech Mahindra (Nigeria) Limited 212 Tech Mahindra (Bahrain) Limited. S.P.C. 213 Tech Mahindra Business Services Limited 214 Tech Mahindra South Africa (Pty) Limited 215 Tech Mahindra (Shanghai) Co. Ltd 216 Tech Mahindra (Nanjing) Co. Ltd. 217 Tech Mahindra Technologies, Inc., 218 Citisoft Plc., 219 Citisoft Inc., 220 Tech Mahindra Servicos De Informatica Ltda 221 Tech Mahindra De.Mexico S.DE R.L.DE C.V 222 Satyam Venture Engineering Services Private Limited 223 Satyam Venture Engineering Services (Shanghai) Co Limited 224 Satven GmbH 225 vCustomer Philippines Inc., 226 vCustomer Philippines(Cebu), Inc., 227 Mahindra Engineering Services (Europe) Limited 228 Inter-Informatics,spol. s r.o. 229 Inter-Informatics SRL 230 TC Inter-Informatics a.s. 231 Tech Mahindra Communications Japan Co., Ltd 232 Mahindra Technologies Services Inc., 233 Tech Mahindra DRC SARLU 234 NTH Dimension Ltd 235 Tech Mahindra Arabia Limited Page 5 of 6 Sr. No. Name of the Company 236 Tech Mahindra Growth Factories Limited 237 Tech Mahindra Netherlands B.V. 238 Tech Mahindra Sweden AB 239 Tech Mahindra Chile SpA 240 Tech Mahindra Canada, Inc. 241 The Bio Agency Limited 242 Tech Mahindra Vietnam Company Limited 243 Mahindra Educational Institutions 244 Tech Mahindra Foundation 245 Tech Mahindra Holdco Pty Limited 246 Tech Mahindra LLC 247 Dynacommerce Holding B.V. 248 Dynacommerce B.V. 249 Dynalean B.V. 250 RapidCommerce B.V. 251 Dynacommerce Gmbh 252 Dynacommerce India Pvt Ltd. 253 Avion Networks, Inc., 254 Infotek Software And Systems Private Limited 255 Vitaran Electronics Private Limited 256 Ideal Finance Limited (Sri Lanka) Page 6 of 6.