Implementing a 'One Mahindra' Culture for Local and Group Benefit

M&M is a federation of companies with a decentralised approach to treasury management. There are some companies that Group Finance is mandated to support from a treasury perspective.

However, typically each subsidiary company has its own CFO who is responsible for day-to-day management of cash and risk.

Key Points

  • Mahindra & Mahindra (M&M), with a decentralised organisation and over 100 diverse group companies, is proactively developing a culture of ‘One Mahindra’ with treasury at the centre
  • The author describes the methods by which this is being achieved, including implementing an in-house bank structure and a focus on sourcing the most attractive commercial conditions
  • M&M has also initiated a series of programmes to build awareness and knowledge of finance-related issues, plus a supply chain finance programme and a robust treasury technology platform


Written by

V.S. Parthasarathy
Group CIO, EVP - Group M&A, Finance and Accounts, Member of the Group Executive Board
Mahindra & Mahindra

Corporate Finance Series (16 articles)


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