Joint Venture9 Jan 2026, 05:41 pm
Mahindra & Mahindra Ltd and Tech Mahindra Limited Align CSR Strategy through Joint Control over Tech Mahindra Foundation
AI Summary
Mahindra & Mahindra Ltd and Tech Mahindra Limited have executed an agreement on 9th January 2026 to establish joint control over Tech Mahindra Foundation (TMF), a not-for-profit company. The agreement aims to align the Corporate Social Responsibility (CSR) strategy, maximize its impact, and classify TMF as an associate of the Company as per the Companies Act, 2013. The Company and Tech Mahindra Limited will have equal representation on the Board of TMF.
Key Highlights
- Mahindra & Mahindra Ltd and Tech Mahindra Limited entered into an agreement to establish joint control over Tech Mahindra Foundation on 9th January 2026.
- The agreement aims to align the Corporate Social Responsibility (CSR) strategy and maximize its impact.
- The Company and Tech Mahindra Limited will have equal representation on the Board of TMF.
- TMF has been classified as an associate of the Company as per the Companies Act, 2013.
- The agreement is intended to strengthen the CSR efforts of both companies.