The growth engines include Mahindra Lifespaces, Mahindra Holidays and Mahindra Logistics. Mahindra's auto and farm businesses are industry leaders and it is looking to capitalize on market leadership position. Mahindra's services segment includes industry pioneers like Tech M and Mahindra Finance, which contributed more than 50 per cent of FY23 group earnings. The market capitalisation of Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment. While Mahindra Finance had the highest-ever disbursements in FY23  Rs 49,000 crore, up 80 per cent  and much-improved asset quality  4.5 per cent gross NPAs, down from 8.4 per cent , Tech-M is leveraging strength in telecom by being at the forefront of 5G.The firm, they said, has identified 9 businesses as 'Growth Gems' that will aid a 5x growth over the next several years.
Mahindra's market capitalization surpassed Rs 2 lakh crore, driven by strong SUV and tractor sales. Mahindra Finance and Tech M, key contributors to the services segment, have achieved significant growth and improved asset quality.