Mahindra Group announces senior leadership rejig

Mahindra Group announced senior leadership appointments across businesses – Hemant Sikka, who is currently President of the Farm Equipment Sector (FES), has been appointed as the MD & CEO of Mahindra Logistics (MLL) by the MLL Board. Veejay Nakra, who is currently President Automotive Division, will be appointed as President Farm Equipment Business (FEB), which is one of our large and profitable businesses with a ROCE of over 60. R Velusamy, who is currently, President Automotive Technology and Product Development, will be appointed as President of the Automotive Business (AB). The Automotive Business has seen significant growth and success in all its segments over the last few years.

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Mr Deepak Thakur wins ‘Global Indian of the Year Award’

With great pride, we announce that Mr. Deepak Thakur, MD & CEO of Mahindra Susten, has been honoured with the ‘Global Indian of the Year 2024-25 award’ by AsiaOne Magazine. This prestigious recognition highlights his leadership in shaping Mahindra Susten as a trailblazer in renewable energy industry and establishing it as a leading Independent Power Producer (IPP) with 15 years of exceptional project execution and operational excellence. A well-deserved recognition for his exceptional leadership!

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MF announced Q4 FY25 - standalone and consolidated results

Mahindra Finance at its meeting held today, announced the audited financial results for the quarter and year ended March 31, 2025. The Board has proposed a final dividend of Rs. 6.50 per fully paid equity share of face value of Rs 2/- each i.e. 325% Vs Rs 6.30 per share in the last fiscal year. MMFSL reported a 33% year-on-year growth in Profit After Tax (PAT) for FY25. The company’s loan book grew by 17% and annual disbursements grew at 3% with underlying wheels business seeing a moderate FY25. MMFSL’s Asset quality remained within a comfortable range, with GS3 at 3.7% and GS2+GS3 at 9.1%. The credit cost for FY25 was at 1.3% underscoring prudent risk management.