Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) subsidiary -- Mahindra Agri Solutions (MASL) -- has entered into a joint venture (JV) agreement with Sumitomo Corporation Group, Japan, a global player in multiple industries including crop care, having access to the latest crop protection technologies. The joint venture will have Mahindra and Sumitomo Corporation holding 60% and 40% equity respectively in the new company named Mahindra Summit Agriscience, subject to the parties receiving all applicable approvals.

The combined strength of both the shareholders will leapfrog MASL’s crop care business into the next orbit of growth. The partnership will offer a pipeline of specialty, new generation products with unique and latest molecules to effectively manage pest and insect related challenges faced by farmers.

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.