The Mahindra Group is a global conglomerate with a presence in over 100 countries, known for its diverse portfolio spanning industries such as automotive, agriculture, aerospace, technology, and more. Founded in 1945, the Mahindra Group has grown into one of India’s most respected and influential business entities, earning global recognition for its innovation, sustainability, and social responsibility. In this blog, we’ll know about the Mahindra group listed stocks and the top 10 Mahindra Mutual Funds to invest in now.
An Insight To The Mahindra Group
| Metric | Details |
|---|---|
| Combined Market Cap | Approx. ₹5 Lakh Crore |
| Group Turnover (FY24) | $23 Billion |
| Group’s Brand Value (2025) | $7.2 Billion |
| Total Group Subsidiaries | 100+ Companies |
| Industries Presence | Over 20 sectors including automobile, finance, real estate, and hospitality. |
| Employee Count | 2,60,000+ Employees |
| Global Presence | 100+ Countries |
| Chairman | Mr. Anand Mahindra |
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History of the Mahindra Group
The Mahindra Group began its journey in 1945 when J.C. Mahindra, K.C. Mahindra, and Malik Ghulam Muhammad established Mahindra & Mohammed in Ludhiana, India. Initially, the company dealt with steel trading. However, after India’s partition in 1947, Ghulam Muhammad moved to Pakistan, and the company was renamed Mahindra & Mahindra (M&M).
In 1947, the company entered the automotive sector by assembling Willys Jeep under a license agreement, marking the beginning of its iconic automotive legacy. Over the years, Mahindra evolved into a leader in the Indian automotive industry, eventually expanding into utility vehicles, tractors, and commercial vehicles.
The 1980s marked a period of diversification as Mahindra ventured into information technology, financial services, and agribusiness. Under the leadership of Anand Mahindra, the company entered global markets, acquiring businesses and forming strategic partnerships.
Key Developments and Milestones of the Mahindra Group
The Mahindra Group operates on the philosophy of “Rise,” which reflects its commitment to driving positive change. This principle guides its business decisions, social initiatives, and environmental practices.
1. Automotive Excellence
The Mahindra Group has established itself as a leader in the automotive industry. Mahindra is synonymous with rugged SUVs like the Bolero, Scorpio, and XUV series, which dominate the Indian market.
With the acquisition of Reva Electric Car Company in 2010, Mahindra became a pioneer in India’s EV market, launching models like the e2o and eVerito. Mahindra acquired SsangYong Motor Company (South Korea) and Pininfarina (Italy), enhancing its global footprint.
2. Agriculture and Farm Equipment
Mahindra is the world’s largest tractor manufacturer by volume. Its tractors, including the Mahindra Yuvo and Mahindra Jivo, are known for their reliability and affordability. The company has diversified into agri-business, offering solutions like seeds, fertilizers, and irrigation systems.
3. Technology and IT
Mahindra’s IT arm, Tech Mahindra, is a global leader in providing IT services and digital transformation solutions. The company caters to industries like telecommunications, banking, and manufacturing. Tech Mahindra is driving innovation in artificial intelligence, blockchain, and 5G technology.
4. Hospitality and Real Estate
Mahindra’s hospitality division, Club Mahindra, is a prominent player in the vacation ownership space, offering premium holiday experiences. The group’s real estate arm, Mahindra Lifespace Developers, focuses on sustainable urban development.
5. Aerospace and Defence
The Mahindra Group has expanded into aerospace and defence, manufacturing components, and offering engineering services. It owns Mahindra Aerospace, which produces utility aircraft, and has contributed to India’s defence projects.
6. Sustainability and Social Responsibility
The Mahindra Group is deeply committed to sustainability. The company has launched initiatives like Mahindra Hariyali, aiming to plant millions of trees. Mahindra’s Rise for Good program focuses on education, healthcare, and skill development for underprivileged communities.
Mahindra Group: Listed Companies
*(Data as on March 26, 2025)
Top Listed Mahindra Group Companies
The Mahindra Group has made strategic investments across various sectors, cementing its position as one of India’s most diversified and influential conglomerates. Below is an in-depth exploration of the top 8 Mahindra Group companies that have significantly contributed to its success.
1. Mahindra & Mahindra
The automotive division is the flagship business of the Mahindra Group and has been its backbone since its inception in 1947. The company is renowned for producing durable and rugged utility vehicles (UVs), such as the Scorpio, Bolero, XUV700, and Thar.
Key Highlights:
- Leading manufacturer of SUVs in India.
- Diversified into electric vehicles (EVs) through models like eVerito and XUV400.
- Acquired SsangYong Motor Company (South Korea) to strengthen its global automotive footprint.
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2. Tech Mahindra
Tech Mahindra is the IT arm of the Mahindra Group, focusing on digital transformation, IT services, and business process outsourcing. Established in 1986, it has grown to become a global leader in technology solutions.
Key Highlights:
- Provides services in AI, IoT, blockchain, and 5G.
- Acquired companies like Satyam Computer Services and Born Group to strengthen its portfolio.
- Operates in over 90 countries, serving clients across industries like telecom, banking, and healthcare.
3. Mahindra & Mahindra Financial Services
Mahindra & Mahindra Financial Services is one of India’s leading non-banking financial companies (NBFCs), providing loans and financing solutions.
Key Highlights:
- Offers vehicle loans, home loans, SME loans, and insurance products.
- Focuses on rural and semi-urban markets, supporting underserved communities.
- Operates through a vast network of branches across India.
4. Mahindra Holidays & Resorts India
Mahindra Holidays and Resorts, popularly known as Club Mahindra, is a leader in the vacation ownership industry in India.
Key Highlights:
- Offers premium holiday memberships to over 250,000 families.
- Operates more than 100 resorts across India and international destinations like Finland and Thailand.
- Focuses on sustainable tourism and eco-friendly resorts.
5. Mahindra Lifespace Developers
Mahindra Lifespaces is the real estate and infrastructure arm of the group, focusing on sustainable urban development.
Key Highlights:
- Develops residential and commercial spaces with a focus on green buildings.
- Flagship projects include Mahindra World Cities, integrated industrial hubs in Chennai and Jaipur.
- Pioneered India’s first net-zero energy residential project, Mahindra Eden.
6. Swaraj Engines
Swaraj Engines, incorporated in 1985, is involved in the manufacturing of Diesel engines and related components.
Key Highlights:
- Its plant has the capabilities to manufacture any model of Swaraj Product mix with the range of engines of 22 HP to more than 65 HP.
- The manufacturing facilities have the latest high-tech machines.
- It has supplied more than 16 lakh diesel engines for Swaraj tractors.
7. Mahindra Logistics
Mahindra Logistics is a leading supply chain and mobility solutions company that provides contract logistics, last-mile delivery, and B2B express services.
Key Highlights:
- The company launched LogiOne, which is an integrated tech stack solution.
- To provide integrated solutions and hold on to its client base, it focuses on the total cost of ownership.
- Its logistics services span across different industries such as automobiles, pharmaceuticals, e-commerce, and telecommunications.
8. Mahindra EPC Irrigation
Mahindra EPC Irrigation provides integrated irrigation and water management solutions to farmers. Its product offerings are drip irrigation components, sprinklers, and HDPE pipes and coils.
Key Highlights:
- The company is registered in almost all major states under the Per Drop More Crop scheme of the GoI.
- Its branch offices are located across India with a network of 1000+ channel partners.
- It has also expanded to the African Continent and executed a few irrigation projects there as well.
From dominating the automotive and farm equipment sectors to advancing technology, hospitality, and renewable energy, Mahindra Group companies reflect its commitment to creating sustainable value. With a forward-thinking approach and a focus on global expansion, the Mahindra Group is poised to continue its legacy of excellence and innovation in the decades to come.
Top 10 Mutual Funds of Mahindra Group
Here is the list of the top 10 Mahindra mutual funds from the high-risk equity segment to the low-risk debt segment:
*(Data as on March 25, 2025)
1. Mahindra Manulife Mid Cap Fund
With a very high risk profile, the Mahindra Manulife Mid Cap Fund is helpful for long-term wealth creation. The minimum SIP amount is ₹500, and its fund size is ₹3,067.16 crores.
2. Mahindra Manulife Focused Fund
Mahindra Manulife Focused Fund is helpful for long-term investment purposes, but it holds a very high risk with a concentration of a few stocks. The minimum SIP amount is ₹500, and its fund size is ₹1,818.65 crores.
3. Mahindra Manulife Business Cycle Fund
This fund invests in equities, considering different business cycles and has a very high risk profile. The minimum SIP amount is ₹500 and its fund size is ₹1,055.09 crores.
4. Mahindra Manulife Large Cap Fund
This fund invests in the top 100 companies based on their market capitalization and is relatively stable than a mid-cap fund. The minimum SIP amount is ₹500 and its fund size is ₹560.86 crores.
5. Mahindra Manulife ELSS Tax Saver Fund
Mahindra Manulife ELSS Tax Saver Fund is suitable for tax saving and an equity investing style. The minimum SIP amount is ₹500 and its fund size is ₹839.23 crores.
6. Mahindra Manulife Aggressive Hybrid Fund
This hybrid fund invests primarily in equities with a slight focus towards debt instruments, ideal for high-risk takers. The minimum SIP amount is ₹500 and its fund size is ₹1,463.39 crores.
7. Mahindra Manulife Balanced Advantage Fund
This fund is suitable for capital appreciation while generating returns over the medium to long term. The minimum SIP amount is ₹500 and its fund size is ₹843.27 crores.
8. Mahindra Manulife Dynamic Bond Fund
This debt fund dynamically invests across different debt securities and benefits from interest rate movements at a moderate level of risk. The minimum SIP amount is ₹500 and its fund size is ₹75.98 crores.
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9. Mahindra Manulife Short Duration Fund
This debt fund is ideal for 1 to 3 years of investment and comes with a moderate risk. The minimum SIP amount is ₹500 and its fund size is ₹65.98 crores.
10. Mahindra Manulife Liquid Fund
Mahindra Manulife Liquid Fund is a low-risk and highly liquid mutual fund that allows you to park funds for a very short period, say 1 day to 3 months.
Mahindra Group: Future Outlook
The Mahindra Group’s future is aligned with global megatrends like sustainability, electrification, and digitalization.
- Electric Mobility: The group aims to become a global leader in EVs by introducing a range of electric SUVs and expanding charging infrastructure.
- Sustainability: Mahindra plans to achieve carbon neutrality by 2040 and is investing in renewable energy projects.
- Global Expansion: By focusing on strategic acquisitions and partnerships, Mahindra is set to deepen its presence in international markets.
- Innovation in Technology: Tech Mahindra will continue driving advancements in AI, 5G, and other cutting-edge technologies, ensuring the group’s relevance in a rapidly evolving world.
Conclusion
The Mahindra Group exemplifies a company that has successfully balanced tradition with innovation. Founded in 1945 as a steel trading company, it has grown into a global conglomerate spanning industries like automotive, IT, agriculture, real estate, and renewable energy. Known for its rugged SUVs and tractors, Mahindra has consistently embraced sustainability and cutting-edge technology, evident in its investments in electric vehicles, renewable energy, and digital solutions.
Mahindra’s journey is a testament to its resilience, vision, and commitment to excellence. From pioneering India’s automotive sector to becoming a global force in IT services through Tech Mahindra, the group has diversified while staying true to its values. With a focus on electrification, digital transformation, and global expansion, Mahindra is leading India’s march toward a sustainable, inclusive, and technologically advanced future. Its ability to innovate and adapt ensures its position as a key player in the global business landscape.
Frequently Asked Questions – FAQs
1. What is the Mahindra Group’s primary business?
The Mahindra Group is a diversified conglomerate with businesses in automotive, agriculture, aerospace, IT, hospitality, real estate, and more. Its primary focus lies in automotive manufacturing, farm equipment, and information technology.
2. What is Mahindra’s contribution to the EV sector?
Mahindra is a pioneer in India’s EV sector, offering electric cars like the e2o and XUV400. The company is also investing in EV platforms, battery technology, and charging infrastructure to support sustainable transportation.
3. What is Tech Mahindra’s role in the group?
Tech Mahindra is the IT services arm of the Mahindra Group, providing digital transformation solutions across industries. It specializes in AI, blockchain, 5G, and IoT technologies, driving innovation within the group.
4. What are Mahindra’s plans for the future?
The Mahindra Group plans to expand its EV portfolio, achieve sustainability goals, and strengthen its global presence. It also aims to leverage digital technologies and foster innovation to remain competitive.
Author: All Content is verified by SMC Global Securities.
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