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About Mahindra Logistics

Mahindra Logistics Limited (MLL) is a portfolio company of Mahindra Partners, the USD 1 billion private equity division of the USD 20.7 billion Mahindra Group. MLL is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and people transport solutions. MLL serves over 350 corporate customers across various industries like Automobile, Engineering, Consumer Goods and E-commerce. The Company pursues en ' asset-light' business model, providing customised and technology enabled solutions that span across the supply chain and people transport operations. Mahindra Logistics Limited was incorporated as a Public Limited Company on 24th August, 2007. The Company was granted the Certificate for Commencement of Business on 15th October, 2007 by the Registrar of Companies. The Promoter, Mahindra & Mahindra Limited, through its logistics division, Mahindra Logistics - undertook the business of providing logistics solutions, warehousing, freight forwarding and supply chain services. Pursuant to a Business Transfer Agreement dated September 11, 2008 between the Promoter and Mahindra Logistics Limited, the entire Logistics Business was transferred to Mahindra Logistics Limited. Subsequently, the Logistics Business has since then been undertaken by Mahindra Logistics Limited and its Subsidiaries. In 2014, Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1 and Normandy Holdings Limited, a wholly owned subsidiary of Kedaara Capital I, made investment in the company. During the year under review, Mahindra Logistics Limited entered e-commerce sector by starting operations for one of India's leading ecommerce companies. Mahindra Logistics Limited entered into a joint venture with IVC Logistics Limited pursuant to shareholders' agreement dated August 28, 2014 to form 2X2 Logistics. 2X2 Logistics offers pan-India transportation services for finished automobiles. In 2015, the company appointed a reputed strategic consultancy firm to help with a business transformation exercise. Mahindra Logistics Limited acquired shares aggregating to 60% of the paid-up share capital of Lords Freight (India) Private Limited for Rs 8 crore pursuant to a share subscription and share purchase agreement dated July 14, 2014. Lords specializes in international freight forwarding. In 2016, the company entered into business contract with one of the largest steel producers in India. During the financial year ended 31 March 2017, the company achieved Rs 2500 crore of revenue from operations. The company came out with an initial public offer (IPO) during the period from 31 October 2017 to 2 November 2017. The IPO comprised of offer for sale of a total of 1.93 crore shares by selling shareholders. Promoter Mahindra & Mahindra offloaded 96.66 lakh shares through the IPO. Two institutional investors viz. Normandy Holdings Limited and Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1 offloaded 92.71 lakh shares and 3.95 lakh shares respectively. There was no fresh issue of shares by the company. The stock debuted at Rs 432 on BSE on 10 November 2017, a premium of 0.69% compared to IPO price of Rs 429 per share. The Board of Directors of Mahindra Logistics at its Meeting held on 2 August 2018 approved additional investment in Lords Freight (India) Private Limited, a Subsidiary Company (Lords) by way of purchase of 2.05 lakh equity shares of Lords (representing 8.69% of equity share capital of Lords) from the existing shareholders of Lords. Consequently, Share Purchase Agreement and other related documents have been executed between the company and respective selling Shareholders of Lords. On completion of the said purchase, the company's shareholding in Lords would increase from 60% to 68.69%. On 30 August 2018, Mahindra Logistics (MLL) announced the acquisition of a strategic stake in Transtech Logistics, also known as ShipX. ShipX is a SAAS (Software as a Service) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs, shippers and transporters. ShipX has been working with MLL for over 3 years and has been enabling transportation solutions. This acquisition will help MLL to increase end-to-end digitization and bring in operational efficiencies. The Board of Directors of the company at its meeting held on 29 August 2018 approved further investment in Lords Freight (India) Pvt. Ltd. by way of an additional purchase of 2.39 lakh equity shares of Lords (representing 10.12% of equity share capital of Lords) from the existing shareholders of Lords. The Board of Directors of Mahindra Logistics Limited at its meeting held on 1 November 2018 approved further investment in Lords Freight (India) Pvt. Ltd., Subsidiary Company (Lords) by way of purchase of Rs 1.19 lakh equity shares of Lords (representing 5.063% of equity share capital of Lords) from an existing shareholder of Lords. On completion of the said purchase (along with the purchase approved by the Board of the Company at its meeting held on 29 August 2018), the company's shareholding in Lords would increase to 83.874%. During the financial year 2021-22, Company acquired 100% paid-up share capital of Meru Mobility Tech Private Limited (MMTPL), V-Link Automotive Services Private Limited (VASPL) and V-Link Fleet Solutions Private Limited (VFSPL), fellow subsidiaries of the Company from Meru Travel Solutions Private Limited (MTSPL), and 100% paid-up share capital of MTSPL from Mahindra & Mahindra Limited (M&M), Holding and Promoter Company of the Company and post completion of the acquisition, MMTPL, VASPL, VFSPL and MTSPL became wholly-owned subsidiaries of the Company and remained subsidiaries of M&M. It acquired 60% of the paid-up share capital of ZipZap Logistics Private Limited. On 8th April, 2022, the Company acquired 36% of the paid-up share capital of Whizzard, making Whizzard an Associate of the Company with effect from the said Date.

Parent Organisation
Mahindra
Managing Director
Anish Shah
Founded
2007
NSE Symbol
MAHLOG

Peer Comparision

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Community Discussion

A
AngelOne
11th July 2024
Mahindra Clarifies XUV 7OO Price Cut Amid Stock Plunge Mahindra & Mahindra clarifies that the XUV700 price cut is in line with their business strategy execution, yet stock fell by 8% on Wednesday. Mahindra & Mahindra stated that the price reduction of the XUV700 is part of their business strategy outlined during the February 14, 2024, analyst meeting to lower the average price point and drive growth. They emphasized that the decision was made to achieve material cost savings and align with their business plan. The company clarified that the price cut was not related to Uttar Pradesh’s electric or hybrid vehicle policy, despite speculation in news reports. They refuted claims of unsold inventory driving the price reduction, reiterating that it was a deliberate business strategy. Uttar Pradesh Waiver Plan: Regarding the Uttar Pradesh Waiver Plan, the announcement of the price cut coincided with the state’s decision to waive road tax on hybrid and plug-in hybrid vehicles. While this move benefits other automakers like Maruti Suzuki India Ltd., Toyota Kirloskar India Pvt., and Honda Cars India Pvt., Mahindra & Mahindra disagreed with the theory, citing their focus on selling high-quality products rather than hybrid models. M&M shared an 8% decline yesterday: In trading news, Mahindra & Mahindra’s stock experienced an 8% intraday drop, falling to Rs. 2697.8 per share before recovering to close at Rs. 2732, representing a 6.6% decline. The stock price continued to decrease the following day, currently standing at Rs. 2719 per share, a decrease of less than 1%. Mahindra & Mahindra Sales Performance: Despite the stock fluctuations, Mahindra & Mahindra reported strong sales performance in FY24, with SUV business growing by 130 basis points year-on-year to 20.4%. The company achieved its best-ever sales performance, with notable success in models like the Scorpio, Thar, XUV700, and Bolero. The XUV700 particularly stood out as the fastest Mahindra vehicle to reach 1.5L+ sales within 30 months of launch, with June bookings surpassing May figures by 23%. Conclusion The price cut is part of Mahindra & Mahindra’s business plan to boost sales during the 3rd Anniversary celebrations for a limited period of 4 months. Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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A
AngelOne
3rd May 2024
Mahindra & Mahindra Breaks Patent Records in FY24 Mahindra & Mahindra’s record-breaking patent achievements in FY24 underline the company’s relentless pursuit of innovation and technology. Unprecedented Patent Success Mahindra & Mahindra (M&M), the flagship automotive and farm equipment company of the Mahindra Group, has made a historic mark by receiving 674 patents in FY24, the most awarded to any Indian 4-wheeler automobile/farm equipment manufacturer. This staggering achievement represents a 380% increase compared to FY23. It’s a testament to M&M’s commitment to innovation and technology, propelling them to the forefront of the industry. Innovation-Driven Growth M&M’s strategy revolves around relentless innovation, with significant investments in research and the latest technology. This approach has allowed the company to create futuristic automotive brands with world-class features. As M&M continues to push the boundaries, it redefines customer expectations and sets new industry standards. Patent Portfolio and Designs To date, M&M has received 1,185 patents across multiple geographies, with an additional 193 applications pending approval as of March 31, 2024. Cumulatively, M&M has filed 2,212 patent applications, showcasing the extensive reach and depth of their innovation efforts. Alongside patents, the company has also registered 115 design patents, with 178 new design applications filed. The comprehensive patent portfolio also includes filings from M&M’s subsidiary, Mahindra Electric Automobile Ltd. Words from the Leadership Rajesh Jejurikar, Executive Director and CEO of Auto & Farm Sectors at M&M, emphasized the company’s commitment to innovation and technology. “We are constantly working to push the frontiers of what is possible in the automobile and farm equipment segments. Our relentless pursuit of cutting-edge technologies has enabled us to create the safest and most advanced products, positioning us as a true innovator in the industry,” said Jejurikar. He further noted that the company’s significant investment in R&D is aimed at staying ahead of the curve in terms of technology and talent. Diverse Patent Coverage M&M’s patent portfolio spans a wide range of critical functions, including powertrain (ICE & EV), vehicle mechanical systems, electronics, manufacturing processes, electric tractors, and advanced engineering. These patents have led to groundbreaking technologies that have redefined the automotive and tractor segments, offering customers some of the safest and most cutting-edge experiences in the market. Focus on Safety and Customer Experience M&M’s commitment to safety and customer experience is reflected in its investment in active safety systems, advanced driver assistance systems, automotive electronics, lightweight technologies, enhanced vehicle dynamics, and connected vehicle technologies. The company’s innovation extends to smart combine harvesters, smart connected implements, and hill farming solutions, among others. Stock Performance: A Reflection of Success The success of M&M’s innovations is mirrored in its stock performance. The company’s stock reached a new 52-week high on Friday, hitting an intraday peak of Rs 2,210 per share on NSE. The stock has seen a remarkable 32% increase over the last three months, and an incredible 77.54% growth over the past year. This impressive performance underscores M&M’s strong position in the industry and the confidence investors have in its continued success. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. Angel One M&M Share Price Today - Buy Mahindra & Mahindra Stock | Angel One M & M Share Price - Invest in Mahindra & Mahindra (M&M) stock Today with Live BSE/NSE price, P/E Ratio, latest research reports and share price history at Angel One.
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Mahindra Logistic Ltd FAQs

Mahindra Logistic Ltd (MAHLOG) share price as of July 15, 2024, on NSE is Rs 524.75 (NSE) and Rs 524.75 (BSE) on BSE.
Yes, You can buy Mahindra Logistic Ltd (MAHLOG) shares by opening a Demat account with Angel One.
Mahindra Logistic Ltd (MAHLOG) share can be bought through the following modes:
1. Direct investment: You can buy Mahindra Logistic Ltd (MAHLOG) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Mahindra Logistic Ltd (MAHLOG) shares.
Mahindra Logistics is a supply chain management company that offers transportation, warehousing, and freight forwarding services. Its primary business is to assist companies in optimising their logistics operations and increasing efficiency.
The promoters of Mahindra Logistics include Mahindra & Mahindra Limited
2X2 Logistics, Lords Freight India, and Vserve Solutions are among the subsidiaries of Mahindra Logistics.
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