Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3427.00
8.00 (0.23%)
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M&M’s step-down arm incorporates wholly owned subsidiary

Date: 31-07-2026

Mahindra & Mahindra’s (M&M) step-down wholly owned subsidiary -- Mahindra Defence Systems (MDSL) has incorporated a wholly owned subsidiary namely ‘Novavayu Aerospace’ (NAL). NAL has been incorporated for manufacturing of aircrafts, aerospace products and undertaking services and activities related thereto. With this, NAL has become a step-down subsidiary of the company.

MDSL is a wholly owned subsidiary of Mahindra Advanced Technologies, which in turn is a wholly owned subsidiary of the company. 

Mahindra & Mahindra 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.