Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3199.35
-22.00 (-0.68%)
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M&M’s arm MFCS aims 50% rise in topline in FY16

Date: 29-10-2015

Mahindra & Mahindra’s (M&M) wholly owned subsidiary -- Mahindra First Choice Services (MFCS), India’s leading chain of multi-brand car service workshops, is aiming to increase its topline by 50 per cent to Rs 75 crore by the end of FY16. The company is eyeing a fast growth in turnover on the back of its aggressive expansion plans for its workshop network.

In terms of expansion, the company is looking to add 120 workshops - mostly franchisees - by the end of this fiscal. It will take the total tally of the workshops to 200. Of these, 20 workshops are company owned.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.