Mahindra & Mahindra Ltd. has incorporated Mahindra Manulife Insurance Limited (MMIL), a joint venture formed with Manulife Holdings (Bermuda) Limited, as per an exchange filing dated May 30, 2026.
The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on 29 May 2026. MMIL has been registered in Mumbai and will operate in the life insurance segment.
The new company has been established as an equal partnership, with Mahindra & Mahindra and Manulife Holdings each holding a 50% stake.
MMIL has an authorised and paid-up capital of ₹1 crore, divided into 10 lakh equity shares with a face value of ₹10 each.
Both partners have subscribed to 5 lakh equity shares, amounting to ₹50 lakh each. The investment has been made through cash consideration.
According to the filing, MMIL will carry out life insurance activities as defined under the Insurance Act, 1938, along with related administrative services permitted under applicable regulations.
The company has already received a no-objection certificate from the Insurance Regulatory and Development Authority of India (IRDAI), which was required for incorporation of the life insurance company.
Mahindra and Manulife had announced their plans to enter the life insurance business together in November 2025. The incorporation of MMIL is the formal creation of the venture. The partners stated that the company will offer protection and long-term savings products and intends to serve customers across urban, semi-urban and rural markets.
Founded in 1945, the Mahindra Group operates across more than 100 countries and has around 324,000 employees.
Its businesses span sectors including automotive, farm equipment, information technology and financial services.
Manulife Financial Corporation, headquartered in Toronto, Canada, serves more than 36 million customers globally and had over 37,000 employees and 109,000 agents at the end of 2024.
Read More: Balu Forge Industries Share Price in Focus as it Secures Order for 30,000 Units of 152mm Artillery Shells!
As of June 1, 2026, 12:13 pm, Mahindra & Mahindra (M&M) share price was trading at ₹2,986.70, down 1.93% from the previous closing price.
With the incorporation process completed, Mahindra Manulife Insurance Limited has been formally established as a 50:50 life insurance joint venture between Mahindra & Mahindra and Manulife Holdings.
The company has secured the required incorporation and regulatory clearances and will operate in India's life insurance sector.
For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 1, 2026, 1:14 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
