As of 31st March 2012, the Group flagship company Mahindra & Mahindra Ltd. had 110 Subsidiary Companies
Sr. No.|Industry|Group Company|Nature of|Sector|Products / Services||
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1|Aerospace|Mahindra & Mahindra Limited|||||
||Mahindra Aerospace Private Limited|Subsidiary|Systech|||
||Mahindra Aerostructures Private Limited|Subsidiary||||
||Mahindra Aerospace Australia Pty Limited|Subsidiary||||
||Gipp Aero Investments Pty Limited|Subsidiary||||
||Nomad TC Pty Limited|Subsidiary||IP holder for Type Design Data||
||GA 200 Pty Limited|Subsidiary||IP holder for Type Design Data||
||GA8 Airvan Pty Limited|Subsidiary||IP holder for Type Design Data||
||Aerostaff Australia Pty Limited|Subsidiary||Aero Components||
||Airvan Flight Services Pty Limited|Subsidiary||Aircraft Operating Company||
||Gipps Aero Pty Limited|Subsidiary||Aircraft||
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2|Aftermarket|Mahindra & Mahindra Limited|||||
||Mahindra Spares Business|Division|Aftermarket|Spares||
||Mahindra First Choice Wheels Limited|Subsidiary||Buying & Selling Used Cars||
||Mahindra First Choice Services Limited|Subsidiary||Multi-brand Service of Cars||
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3|Agri-business|Mahindra & Mahindra Limited|||||
||Mahindra Shubhlabh Services Limited|Subsidiary|Automotive & Farm|Fresh Produce, Agri-Inputs||
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4|Automotive|Mahindra & Mahindra Limited|||||
||Mahindra & Mahindra Limited - Automotive Division|Division|Automotive & Farm|3 Wheelers, UV's, Pick-ups||
||Mahindra & Mahindra South Africa (Pty) Limited|Subsidiary||UV's||
||Mahindra Automobile Distributor Private Limited|Subsidiary||Cars||
||Mahindra Navistar Automotives Limited|Subsidiary||HCV Manufacturing||
||Mahindra Vehicle Manufacturers Limited|Subsidiary||LCV and HCV Manufacturing||
||Mahindra Navistar Engines Private Limited|Subsidiary||Engines Manufacturing||
||Mahindra Automotive Australia Pty. Ltd.|Subsidiary||UV imports, sales and service||