Mahindra & Mahindra Ltd.

Mahindra Group is in talks with Korean banks to arrange around 500 billion wons ($430 million) to fund fresh capex for its loss-making Korean subsidiary SsangYong and does not mind roping in a third-party investor as it targets to make the struggling unit profitable by 2022. Mahindra acquired the loss-making SsangYong in 2010 but failed to turn it around since then despite several attempts.

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.