Mahindra & Mahindra Ltd.

Mahindra and Mahindra’s (M&M) step-down subsidiary -- Gipps Aero Investments Pty Australia (GAI) -- has incorporated a subsidiary, Airvan 10 Pty, in Australia. Airvan, which has a paid-up capital of A$10, is incorporated for design approval from the civil aviation and safety authority of Australia for the 10-seater aircraft under development. It has been incorporated under the Australian Securities and Investments Commission.

Airvan is a wholly owned subsidiary of GAI, which itself is a subsidiary of Mahindra Aerospace Australia Pty. This in turn is a subsidiary of M&M’s subsidiary Mahindra Aerospace India.

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.