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Accelerated value creation through a diversified global portfolio

Innovation, prudence, and creative business models. Driven by these, our portfolio companies across healthcare, clean-tech, renewables, consumer, and industrials, are disrupting the sectors they are present in.

We aim to build and grow great companies. Our portfolio of businesses is driven by constant innovation, prudence, and creative business models. Our companies benefit from access to not only growth capital, but also our expertise, strategic assistance, and resources.

Strategic Support & Ecosystem

Beyond Investment

It's not just about the capital. We believe in supporting ideas that exhibit potential. Through our various councils, we ensure best practices that help strengthen organisational performance. At the same time, our portfolio companies benefit from access to the experience, structured processes, and talent from within the Mahindra Group. Our corporate team provides support to all our portfolio companies by:

Assisting in getting capital at attractive rates

Hiring of mid management and senior people

Including employees in learning and development

Supporting process introduction & improvement

Implementing strategy deployment frameworks like Balanced Scorecard

Introducing measurement processes concerning customers & employees

Utilising quality frameworks to drive process improvement


I am very excited to build out a health care system that would include Preventive, Primary, Diagnostic and Speciality care using digital and AI in a big way. The idea is to provide a service backed with Trust, Transparency and Affordability to various sections of society. We have decided to adopt a collaborative approach with various Industry players and are open to discussing thoughts ideas and models that are existing or on the drawing board in this space.

Pirojshaw (Phil) Sarkari

CEO – Healthcare

We were setting out to do something extraordinary, build a new software platform for the next generation of human-computer interaction - conversational AI for very large enterprises. We chose Mahindra partners as an early investor- for their willingness to support our bold vision and the practical operating chops that come from being part of the $19B Mahindra group. Parag and his team have proven to be a value-added partner in our goal to build a next-generation enterprise software company”

Ram Menon

Founder and CEO at Avaamo

Mahindra Partners, Mahindra Group and Tech Mahindra are key partners for Cloudleaf. They will be invaluable in our GTM and global expansion, especially in supporting our efforts in India and facilitating introductions into the ecosystem of Silicon Valley.“

Mahesh Veerina

President & Ceo

Mahindra Partners is very good at incubating new businesses. The entrepreneurial mindset of Mahindra Partners has immensely helped Mahindra Accelo expand its portfolio of businesses. It has supported Accelo’s diversification into new businesses like Cero (Automotive recycling), created a global mindset and encouraged digitalization in a big way. Under Mahindra Partners, you get necessary direction and support at critical times along with the freedom to take calculated risks.

Sumit Issar


In creating the visibility for Mahindra Water Utilities business among the Mahindra group and rest of the world, Mahindra Partners have provided us the growth platform. In value creation among employees, clients, shareholders and also to ensure the future availability of investment capital to fund new operations.


Chief Executive Officer

Mahindra Partners has provided us access to advanced techniques and automation in material handling through JV with Tsubaki. We have also widened our customer base. Through our investments in infrastructure and technology, we at MTC have been catering to the most challenging assignments in Material Handling filed serving customers within and outside the country.

Ravindra Vaidya

Managing Director

IPO handling from conceptualization to completion, KC fundraise, recruiting key talent, providing strategic guidance on the business model and growth strategies, enabling a culture of empowerment and trust and supporting with key decisions.

Rampraveen Swaminathan

Chief Executive Officer

Our Work Philosophy


We support and celebrate innovation, out-of-the-box thinking, well-reasoned risk-taking and reward performance.

Good Corporate Citizenship

We have always believed in doing business with a larger social purpose, keeping in mind the welfare and growth of the communities we serve.

Customer First

We follow an internal metric called the ‘customer as promoter score’. This is one of the ways in which we measure the success of our businesses by their level of customer-centricity.

Quality Focus

Each of our businesses achieves its goal through individual strategy, while keeping a close eye on maintaining quality, every step of the way.

Dignity of the Individual

We respect the time and efforts of our stakeholders; and all our policies are designed, keeping their well-being and betterment in mind.

Our Work Culture

A workplace where every individual can be their true self and can thrive. We are a vibrant organisation built on a strong foundation of the Mahindra Group’s legacy and purpose – Rise.

Working at Mahindra Partners allows employees to leverage the organised structure borrowed from the larger Group, while enjoying the dynamic, open culture, similar to that of startups. We leverage individual strengths, consider interest areas of employees, and key business priorities when looking for growth opportunities. We encourage inclusiveness, collaborative learning, and an intrapreneurial approach.

Individual & Collaborative Growth

As a culture, our focus is to help our people grow – individually as well as in teams. Our Learning & Development initiatives and a culture of frequent catchups and knowledge sharing sessions propel us towards this goal.

Fairness & Trust

In tandem with the larger Mahindra Group’s philosophy, we constantly turn to our people, to ensure that all our initiatives tie back to strengthening and honouring the trust our people place in our brand, and that we all leave a positive impact on the lives of all stakeholders.

Innovation & Creativity

When creativity meets innovation, excellence follows. Art is integral to our workspace; our office often features paintings and photographs from local artists as well as our team members. At the same time, as a culture, we are driving innovative thinking and execution across levels.

Diversity & Inclusion

We welcome people from diverse backgrounds, to come work with us. But, to truly drive diversity, we must champion inclusion. And for starters, we are actively driving conversation around how we can make the workplace a safe space for every single employee to be their most authentic self at work.

Message From Our Leadership

It is a great pleasure to greet and congratulate the Mahindra Partners Division on its 10th anniversary. This is a business that grew out of the need to manage a seeming conundrum - how do you build and strengthen your traditional businesses while at the same time preparing for the brave new world that is emerging? Our answer to that conundrum was Mahindra Partners.

It combines the old with the new, the internal with the external. It embraces the gamut of business opportunities from steel to maritime mobility to retail to solar. It is an active overseer, a nurturing incubator and a far sighted direct investor. 

Its reach is wide and varied, and its businesses represent a patchwork quilt of diversity. Yet there is a strong common thread that binds them and that is their strong adherence to the values and ethics that are the hallmarks of the Mahindra Group. 

Mahindra Partners, with its innovative business model,  is our doorway to the future . I wish the entire Partners family many more decades of achievement. You have done us proud. May you continue to demonstrate the same exponential growth, while preserving the foundations of innovation, governance and purpose on which you have built your success. 

Anand Mahindra

Chairman, Mahindra Group

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Reflecting back over 10 years seems an endless horizon, covering a multitude of events – successes and failures. But reflection is a powerful stimulator for looking ahead at fresh horizons with renewed vigor. This brief note will hence combine recollections of the past, and potential for the future.

Mahindra Partners emerged from the thought that a uniquely different corporate model was a real possibility, during a period when Corporate and PE investment funds were the norm. Thus emerged a hybrid model for managing a diverse portfolio –one of active oversight of existing businesses with new incubations in emerging sectors, alongside direct investing in external ecosystems.

In the early days, many traditions were challenged, but the uncompromising embrace of consistently high governance standards, ensured that we managed our investments with integrity, balancing economic goals with good corporate citizenship. This has reflected in the unequivocal respect of every business partner and investor with whom we have collaborated over these many years.

As we are propelled into a virus-fuelled uncertain future, Mahindra Partners continues to rapidly adapt its focus and operating model to the dynamic responses required today - flexibly adjusting the strategies of its existing portfolio to leverage inorganic growth opportunities, along with a focus on the Renewables and Healthcare sectors.

Zhooben Bhiwandiwala

President- Mahindra Partners & Group Legal
Member of The Group Executive Board

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Mahindra Partners was born in 2009 with the purpose of enabling the Group to identify and diversify into new businesses and continue providing growth capital and management support to existing businesses so they become sectors of tomorrow.

We are proud to have nurtured and scaled over 20 businesses in diverse sectors and geographies with $1 billion+ in AUM over the past decade.

Our governance model is a quasi-one, combining the best of corporate and PE models. At one end, we bring in patient capital, synergies and brand power from the corporate side. We also bring the agility, speed, alliances, and efficient capital management models from the PE approach.

For all our businesses, we enable the Mahindra Group’s eco-system – our network, vendors, customers, best-practices and knowledge. We do not micro-manage businesses but hire or partner with the right team and back them up. All our businesses must believe in walking the talk and upholding the Mahindra Group’s core values and they should represent the RISE philosophy.

From 2020, our emphasis has moved to the vibrant healthcare sector, and we are looking to identify, create and grow strong businesses in this space. We expect these to play a preeminent role in fulfilling the demand for quality healthcare, and also build on our existing twin investments in home healthcare and eyecare hospitals.

Parag Shah

Managing Partner

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