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Mahindra group subsidiaries have put up a stellar show in FY18

Having exited the bleeding businesses like mass two wheelers and retail, the group is now turning to artificial intelligence, virtual reality to enhance efficiency

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Mahindra Group  |  Two Wheelers  |  M&m Financial Services

Shally Seth Mohile  |  Mumbai 

The $20.7 billion Mahindra group, which until a few years ago appeared to be spreading itself thin by getting into newer businesses, is focusing on consolidation, scaling up and turning around underperforming businesses, which is evident from the improvement in performance of Mahindra & Mahindra (M&M) subsidiaries.

Revenue of M&M's 134 subsidiaries grew at a 30 per cent compounded annual growth rate over the past two year, with profit at the net level in both years from a loss in 2015-16. Had it not been for Korean subsidiary SsangYong Motor's loss of Rs 5.48 billion if ...

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First Published: Tue, July 31 2018. 22:52 IST
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