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Mahindra and Manulife announced their partnership to create a life insurance business on 12 November 2025. Today, both companies have confirmed the incorporation of a 50:50 JV company as Mahindra Manulife Insurance (MMIL), following approval from the Ministry of Corporate Affairs. The incorporation of MMIL marks the next step in that journey.The venture brings together Mahindra`s strong presence in India with Manulife`s global expertise to build a simple, customer-first, AI-native and digitally led life insurer. By combining the extensive distribution reach of Mahindra with Manulife`s strengths in product innovation, underwriting, and agency-led distribution, MMIL will focus on policyholder protection and offer holistic, need-based financial solutions. MMIL aims to address India`s large protection gap through a range of long-term savings and protection products, with a strong focus on rural and semi-urban markets while building leadership in protection solutions for urban customers. The partnership combines Mahindra`s wide distribution reach with Manulife`s strengths in product innovation, underwriting, and agency-led distribution. Together, the partners are committed to establishing MMIL as a trusted, digital, technology-driven and AI-native insurer aligned with India`s long-term growth and the vision of �Insurance for All.�

Mahindra & Mahindra has appointed Purnima Lamba as the Chief Brand Officer, effective from 1 September 2026, who shall also form part of Senior Management of the Company.

Mahindra & Mahindra announced that the 80th Annual General Meeting(AGM) of the company will be held on 30 July 2026.

Mahindra & Mahindra announced that the Board of Directors of the Company at its meeting held on 5 May 2026, inter alia, have recommended the final dividend of Rs 33 per equity Share (i.e. 660%) , subject to the approval of the shareholders.

Net profit of Mahindra & Mahindra rose 41.65% to Rs 4667.57 crore in the quarter ended March 2026 as against Rs 3295.17 crore during the previous quarter ended March 2025. Sales rose 28.90% to Rs 54891.55 crore in the quarter ended March 2026 as against Rs 42585.67 crore during the previous quarter ended March 2025.For the full year,net profit rose 32.25% to Rs 17098.85 crore in the year ended March 2026 as against Rs 12929.10 crore during the previous year ended March 2025. Sales rose 24.59% to Rs 197792.78 crore in the year ended March 2026 as against Rs 158749.75 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales54891.5542585.67 29 197792.78158749.75 25 OPM %18.4518.65 -18.9919.24 - PBDT9266.976686.36 39 33381.2625184.11 33 PBT7324.294657.64 57 26059.2419110.46 36 NP4667.573295.17 42 17098.8512929.10 32 Powered by Capital Market - Live News