Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has acquired 36.63% of the Equity Share Capital of Meru in the first tranche of investment, and also the Right to appoint majority of the Directors on the Board of Meru.

Consequently, Meru has become a subsidiary of the Company with effect from December 5, 2019 and the following subsidiary companies of Meru, have in turn, also become subsidiaries of the Company. The subsidiaries are Meru Mobility Tech, V-Link Automotive Services and V-Link Fleet Solutions.

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.