Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3178.65
58.20 (1.87%)
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M&M's arm eyes Rs 1500 crore topline in FY17

Date: 06-10-2016

Mahindra Agri Solutions, a fully owned subsidiary of automobile major Mahindra & Mahindra (M&M), is eying at a 50% growth in its annual turnover to Rs 1500 crore in the current financial year. Last year, the company had a turnover of Rs 1000 crore growing eight times in last four years. Further, the company’s R&D division is working on new edible oil products, which will be introduced in the next year.

Mahindra & Mahindra (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.