Mahindra and Mahindra Limited

Is Mahindra and Mahindra publicly traded?

Yes. It trades on India's National Stock Exchange under M&M and the Bombay Stock Exchange under 500520. There is no controlling shareholder.

Who owns Mahindra and Mahindra?

It is a widely held public company. The Mahindra family retains influence through chairman Anand Mahindra, but ownership is distributed among institutions and the public.

What does Mahindra and Mahindra own?

Its portfolio includes the Mahindra, Swaraj, and Trakstar tractor brands, SUV and commercial vehicle lines, Mahindra Finance, Tech Mahindra, and tractor subsidiaries in the US, Japan, Turkey, and Finland.

When was Mahindra founded?

The company was founded in October 1945 as Mahindra and Mohammed by J.C. Mahindra, K.C. Mahindra, and Malik Ghulam Muhammad, and renamed Mahindra and Mahindra in 1948.

What is Mahindra's market position?

M&M is India's number one SUV maker and the world's largest tractor manufacturer by volume, with a 43.6 percent Indian tractor share and record FY2026 revenue of INR 198,639 crore.

Where are Mahindra tractors made?

Primarily in India at M&M's own plants, with subsidiary production and assembly in the United States, Japan, Turkey, and Finland.

The company was founded in October 1945 in Bombay as Mahindra and Mohammed by brothers Jagdish Chandra Mahindra and Kailash Chandra Mahindra together with Malik Ghulam Muhammad, initially as a steel trading business. When Muhammad left for Pakistan after the 1947 partition, it was renamed Mahindra and Mahindra in 1948.

Its industrial identity was built on licensed assembly, beginning with Willys Jeeps in the late 1940s and expanding through the 1950s into vehicles and machinery. The tractor business launched in 1962 via a technical collaboration with International Harvester, producing the B-275, a machine that remained in production for over 50 years and made Mahindra a household name in rural India.

Through the 1970s to 1990s Mahindra grew into a diversified vehicle maker while steadily deepening its farm equipment dominance. The 2000s brought globalization: acquisitions took majority control of Punjab Tractors (the Swaraj brand), stakes in Japan's Mitsubishi Agricultural Machinery, Turkey's Erkunt Traktor, and Finland's Sampo Rosenlew, while Mahindra Ag North America built a real presence in the US compact tractor market.

The last decade cemented Mahindra's dual leadership. Its SUV lineup powered a renaissance in the auto business, taking it to number one in Indian SUVs by revenue share, while the farm business crossed new scale thresholds. FY2026 delivered the strongest year in company history: 526,403 tractors sold, 995,526 vehicles, consolidated revenue of INR 198,639 crore up 25 percent, and PAT of INR 17,099 crore up 35 percent, alongside recognition as the only Indian company in the top 100 of TIME's World's Best Companies list.

The Mahindra Group publishes a comprehensive integrated annual report and has made public commitments to carbon neutrality and ESG goals, with several group companies setting science-based targets. Its scale in farm mechanization and rural finance gives it a structural role in Indian agricultural livelihoods.

On the product side it is investing in electric vehicles across autos and has developed electric tractor concepts, while its rural lending arm extends credit to farm households at scale. The group has also won repeated governance recognition, including the Golden Peacock Global Award for Governance for five consecutive years.