M&M’s step-down arm incorporates wholly owned subsidiary

10 Dec 2024 Evaluate

Mahindra & Mahindra’s (M&M) step-down subsidiary-- Mahindra Susten (MSPL) has incorporated wholly owned subsidiary by name ‘Velos Hybren’ in Mumbai, Maharashtra on December 9, 2024. MSPL is a subsidiary of Mahindra Holdings, which in turn is a wholly owned subsidiary of the company. 

Velos Hybren has been incorporated for production and sale of Power and Generating Electricity, Independent Power Producer (IPP), Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, through various renewable energy sources and energy storage systems etc.

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.


Mahindra & Mahindra Share Price

2643.40 -5.40 (-0.20%)
13-Mar-2025 16:59 View Price Chart
Peers
Company Name CMP
Maruti Suzuki 11508.65
Mahindra & Mahindra 2643.40
Hyundai Motor India 1642.00
Mercury Metals 66.16
Hindustan Motors 22.53
View more..
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
Please wait your portfolio is updating...