Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has inked a definitive agreement with Telephonics Corporation (Telephonics) to form a joint venture (JV) to provide the Indian Ministry of Defence and the Indian Civil sector with radar and surveillance systems, Identification Friend or Foe (IFF) devices, and communication systems. In addition, the JV intends to provide systems for Air Traffic Management Services, Homeland Security, and other emerging surveillance requirements.

The JV Company will be called Mahindra-Telephonics Integrated Systems (Mahindra-Telephonics), and will be incorporated in the coming months following an amendment to the prior approval granted by the Foreign Investment Promotion Bureau on March 31, 2012. The project envisages establishing a plant in Bangalore, which will initially manufacture and service airborne radar systems that are already being supplied to Hindustan Aeronautics and support airborne maritime surveillance systems for the Indian Navy and Coast Guard.

Mahindra-Telephonics will license technology from Telephonics for use on a wide range of products that has both defence and civil applications. Backed by strong R&D, Telephonics has developed a state-of-the-art IFF MK-XII system, which has the capability to integrate with civil and military aircraft, as well as ground and sea based IFF systems.

Telephonics Corporation is a leading designer, developer, and manufacturer of high-technology integrated information, communication and sensor system solutions to military and commercial markets worldwide and a subsidiary of Griffon Corporation.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.