Mahindra & Mahindra Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NSEI:M&M Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 Mar 25	Sell₹2,205,239	Sriram Ramachandran	Individual	800	₹2,792.94
13 Mar 25	Sell₹5,910,448	Nidhi Seksaria	Individual	2,232	₹2,648.05
07 Mar 25	Sell₹2,740,000	Hemant Sikka	Individual	1,000	₹2,740.00
06 Mar 25	Sell₹1,061,454	Ashutosh Vidwans	Individual	350	₹3,140.42
05 Mar 25	Sell₹23,940,754	Vijay Nakra	Individual	8,800	₹2,720.54
04 Mar 25	Sell₹1,650,059	Nidhi Seksaria	Individual	600	₹3,017.69
24 Feb 25	Sell₹2,209,050	Santanu Sinha	Individual	815	₹2,710.49
21 Feb 25	Sell₹1,339,145	Sanjay Jain	Individual	500	₹2,678.29
20 Feb 25	Sell₹7,196,935	Sriram Ramachandran	Individual	2,538	₹2,835.67
19 Feb 25	Sell₹10,199,785	Ramesh Ramachandran	Individual	3,701	₹2,820.19
11 Feb 25	Sell₹3,757,346	Dhananjaya Boita	Individual	1,200	₹3,131.12
10 Feb 25	Sell₹24,622,593	Rajesh Jejurikar	Individual	7,800	₹3,156.74
10 Feb 25	Sell₹73,525,818	Puneet Renjhen	Individual	22,984	₹3,199.00
10 Feb 25	Sell₹1,607,375	Mandar Parab	Individual	500	₹3,214.75
10 Feb 25	Sell₹1,600,025	Subandhu Arya	Individual	500	₹3,200.05
31 Dec 24	Sell₹3,905,070	Ganesh Adiga	Individual	1,300	₹3,003.90
27 Dec 24	Sell₹2,116,079	Vetsa Sitaramayya	Individual	700	₹3,024.00
27 Dec 24	Sell₹14,382,000	Rita Dmello	Individual	4,700	₹3,060.00
26 Dec 24	Sell₹4,414,567	Nachiket Kodkani	Individual	1,500	₹2,943.04
26 Dec 24	Sell₹1,804,775	Piyush Kaushik	Individual	609	₹3,091.55
26 Dec 24	Sell₹1,099,247	Malvinder Tiwana	Individual	364	₹3,074.65
24 Dec 24	Sell₹10,495,585	Mohit Kapoor	Individual	3,600	₹2,915.44
24 Dec 24	Sell₹2,039,304	Ashutosh Vidwans	Individual	696	₹2,930.03
23 Dec 24	Sell₹29,153,487	Mohit Kapoor	Individual	10,000	₹2,915.35
18 Dec 24	Sell₹1,535,865	Ashutosh Vidwans	Individual	500	₹3,083.46
18 Dec 24	Sell₹50,031,887	Velusamy Ramasamy	Individual	16,400	₹3,050.72
16 Dec 24	Sell₹9,856,070	Rajesh Jejurikar	Individual	3,200	₹3,080.02
16 Dec 24	Sell₹1,545,000	Shriprakash Shukla	Individual	500	₹3,090.00
16 Dec 24	Sell₹7,291,646	Vikram Wagh	Individual	2,383	₹3,059.86
13 Dec 24	Sell₹1,679,715	Ashutosh Vidwans	Individual	545	₹3,082.05
11 Dec 24	Sell₹12,400,000	Hemant Sikka	Individual	4,000	₹3,100.00
10 Dec 24	Sell₹1,476,629	Ruka Prasad	Individual	486	₹3,038.33
06 Dec 24	Sell₹10,180,966	Rajesh Jejurikar	Individual	3,300	₹3,085.14
06 Dec 24	Sell₹4,936,000	Naveen Kollaickal	Individual	1,600	₹3,085.00
06 Dec 24	Sell₹922,334	Ancy Fernandes	Individual	300	₹3,074.45
05 Dec 24	Sell₹35,312,065	Puneet Renjhen	Individual	11,497	₹3,071.42
05 Dec 24	Sell₹8,416,055	Amarjyoti Barua	Individual	2,773	₹3,035.00
03 Dec 24	Sell₹1,514,500	Shriprakash Shukla	Individual	500	₹3,029.00
29 Nov 24	Sell₹2,239,692	Vetsa Sitaramayya	Individual	750	₹3,027.65
28 Nov 24	Sell₹12,237,433	Kairas Vakharia	Individual	4,100	₹2,984.74
22 Nov 24	Sell₹10,318,694	Vijay Nakra	Individual	3,500	₹2,948.20
22 Nov 24	Sell₹3,564,000	Vikram Wagh	Individual	1,200	₹2,970.00
22 Nov 24	Sell₹1,505,000	Shriprakash Shukla	Individual	500	₹3,010.00
22 Nov 24	Sell₹1,604,128	Ruka Prasad	Individual	534	₹3,003.98
19 Nov 24	Sell₹2,942,889	Sanjay Jadhav	Individual	1,000	₹2,962.20
19 Nov 24	Sell₹23,541,965	Amarjyoti Barua	Individual	8,000	₹2,942.75
19 Nov 24	Sell₹8,885,000	Vikram Wagh	Individual	3,000	₹2,961.67
18 Nov 24	Sell₹8,588,896	Vikram Wagh	Individual	3,000	₹2,862.97

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of M&M?
Owner Type	Number of Shares	Ownership Percentage
State or Government	3,708,536	0.332%
Individual Insiders	10,385,162	0.93%
Employee Share Scheme	127,300,895	11.4%
Private Companies	155,605,071	13.9%
General Public	174,729,142	15.7%
Institutions	644,584,555	57.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 67.72% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.8%	Prudential Management & Services Pvt. Ltd	132,221,940	₹455.2b	0%	no data
7.71%	Life Insurance Corporation of India	86,120,181	₹296.5b	-2.66%	1.8%
7.57%	M&M Benefit Trust	84,470,428	₹290.8b	0%	no data
4.94%	Mitsubishi UFJ Asset Management Co., Ltd.	55,113,265	₹189.7b	0%	0.86%
3.84%	Mahindra & Mahindra Ltd., ESOP	42,830,467	₹147.5b	0%	100.0%
3.72%	BlackRock, Inc.	41,572,265	₹143.1b	1.16%	0.02%
3.33%	SBI Funds Management Limited	37,188,730	₹128.0b	-12.5%	1.49%
2.09%	HDFC Pension Management Company Limited	23,377,316	₹80.5b	7.95%	34.14%
1.94%	Nps Trust- A/C Hdfc Pension Management Company Ltd Scheme E - Tier I	21,655,661	₹74.6b	0%	no data
1.93%	ICICI Prudential Asset Management Company Limited	21,594,488	₹74.3b	19.9%	1.08%
1.85%	Temasek Holdings (Private) Limited	20,642,444	₹71.1b	-11.8%	0.52%
1.55%	UTI Asset Management Company Limited	17,323,360	₹59.6b	0%	2.02%
1.5%	First Sentier Investors (Australia) IM Ltd	16,780,627	₹57.8b	-16.3%	1.6%
1.36%	Norges Bank Investment Management	15,202,046	₹52.3b	4.67%	0.04%
1.22%	Nippon Life India Asset Management Limited	13,656,619	₹47.0b	12.8%	1.04%
1.21%	The Vanguard Group, Inc.	13,456,520	₹46.3b	7.82%	0.01%
1.2%	SBI Life Insurance Company Limited	13,341,685	₹45.9b	-0.35%	6.03%
1.19%	Kuwait Investment Authority	13,241,633	₹45.6b	0%	1.61%
1.17%	PPFAS Asset Management Private Limited	13,080,033	₹45.0b	17.8%	4.5%
1.16%	RBC Global Asset Management Inc.	12,949,985	₹44.6b	0.71%	0.25%
1.15%	HDFC Asset Management Company Limited	12,805,372	₹44.1b	-5.99%	0.79%
1.14%	Axis Asset Management Company Limited	12,753,802	₹43.9b	-0.36%	1.94%
1.14%	Franklin Resources, Inc.	12,706,949	₹43.7b	8.84%	0.15%
1.13%	Aditya Birla Sun Life AMC Limited	12,628,428	₹43.5b	11.2%	2.14%
0.83%	Kotak Mahindra Asset Management Company Limited	9,288,072	₹32.0b	2.59%	0.9%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/09 09:11
End of Day Share Price	2025/10/09 00:00
Earnings	2025/06/30
Annual Earnings	2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mahindra & Mahindra Limited is covered by 84 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ashwin Mehta	Ambit Capital
Amey Dargude	Ambit Capital
Nitin Bhasin	Ambit Capital