Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) step-down Subsidiary-- Mahindra Solarize (Solarize) has incorporated subsidiary company namely Resurgence Solarize Urja (Resurgence) in Mumbai, Maharashtra with effect from August 29, 2022. Solarize has incorporated Resurgence for production and sale of Solar Power, Generating Electricity and also Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, solar water pump.

Solarize holds 74% in Resurgence and the balance 26% is held directly by the company in Resurgence. Thus, Resurgence being a subsidiary of Solarize, is also a step-down subsidiary of the Company.

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.