Mahindra & Mahindra Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

Ownership split · Sep 2026

Share of total equity by holder type, with change since Jun 2026.

Promoters 18.07% 0.07 pp
FII / FPI 32.77% 1.53 pp
DII 33.71% 1.55 pp
Retail & others 13.71% 0.01 pp
Non-public / other 1.74% 0.06 pp
Holder typeDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters18.14%18.14%18.14%18.14%18.14%18.14%18.14%18.07%
FII / FPI38.19%37.65%37.92%37.43%36.88%35.61%34.3%32.77%
DII28.75%29.35%29.19%29.56%30.03%31.03%32.16%33.71%
Retail & others13.06%13.16%13.14%13.27%13.34%13.53%13.72%13.71%
Non-public / other1.86%1.69%1.61%1.6%1.61%1.69%1.68%1.74%

Major shareholders

100 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.

Holder Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 Change (QoQ)
PRUDENTIAL MANAGEMENT & SERVICES PRIVATE LIMITED Promoter 10.83%13.22 10.82%13.22 10.81%13.22 10.81%13.22 10.81%13.22 10.82%13.22 10.81%13.22 10.82%13.22 0.01 pp
LIFE INSURANCE CORPORATION OF INDIA WITH SUB ACCOUNTS Institution 7.02%8.57 7.24%8.85 7.04%8.61 6.53%7.98 6.39%7.82 6.4%7.83 6.45%7.89 7.05%8.62 0.6 pp
M&M BENEFIT TRUST (Anand Mahindra & Ranjan Pant -Trustees) Promoter – – – 6.9%8.45 6.9%8.45 6.91%8.45 6.91%8.45 6.91%8.45 0
MAHINDRA AND MAHINDRA EMPLOYEES STOCK OPTION TRUST Public 3.53%4.31 3.5%4.27 – 3.45%4.22 3.41%4.18 3.39%4.15 3.37%4.12 3.34%4.08 0.03 pp
ICICI PRUDENTIAL LARGE CAP FUND WITH SUB ACCOUNTS Institution – – – 1.96%2.40 1.92%2.35 2.31%2.82 2.65%3.25 3.23%3.95 0.58 pp
SBI NIFTY 50 ETF WITH SUB ACCOUNTS Institution 3.87%4.72 3.48%4.25 3.04%3.72 3.07%3.76 3.13%3.83 2.99%3.66 3.09%3.78 3.14%3.84 0.05 pp
NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I WITH SUB ACCOUNTS Institution New – – – – – – – 2.55%3.11 –
UTI NIFTY 50 ETF WITH SUB ACCOUNTS Institution 1.39%1.69 1.42%1.73 1.29%1.58 1.41%1.72 1.49%1.82 1.65%2.01 1.72%2.10 1.76%2.15 0.04 pp
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF NIFTY 50 BEES WITH SUB ACCOUNTS Institution – – 1.12%1.37 1.35%1.66 1.41%1.72 1.51%1.84 1.55%1.90 1.73%2.11 0.18 pp
PARAG PARIKH FLEXI CAP FUND WITH SUB ACCOUNTS Institution – – 1.07%1.31 1.07%1.31 1.13%1.39 1.27%1.55 1.44%1.76 1.63%1.99 0.19 pp
GOVERNMENT OF SINGAPORE Institution 1.9%2.32 1.91%2.34 1.69%2.06 1.76%2.15 1.74%2.12 1.64%2.01 1.48%1.80 1.5%1.84 0.02 pp
SBI LIFE INSURANCE CO. LTD Institution 1.08%1.32 1.1%1.34 1.09%1.33 1.06%1.29 1.09%1.34 1.1%1.34 1.19%1.45 1.2%1.46 0.01 pp
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND Institution – 1.02%1.25 1.1%1.35 1.1%1.35 1.11%1.36 1.11%1.36 1.11%1.36 1.12%1.37 0.01 pp
VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS Institution – – – – 1.03%1.26 1.05%1.29 1.05%1.29 1.08%1.32 0.03 pp
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS LARGE CAP FUND WITH SUB ACCOUNTS Institution – – 1.04%1.28 1.08%1.32 1.03%1.26 – 1.07%1.31 1.04%1.27 0.03 pp
GOVERNMENT PENSION FUND GLOBAL Institution 1.23%1.50 1.19%1.45 1.24%1.52 1.22%1.49 1.19%1.46 1.12%1.37 1.07%1.31 1.02%1.24 0.05 pp
Investor Education and Protection Fund (IEPF) Public 0.23%0.28 0.23%0.28 0.23%0.28 0.23%0.28 0.29%0.35 0.56%0.69 0.28%0.34 0.28%0.34 0
LEENA S LABROO Promoter 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0
UMA R MALHOTRA Promoter 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0.13%0.16 0
Yuthica Mahindra Family Trust (Uma Malhotra, Leena Labroo & Yuthica Mahindra- Trustees) Promoter 0.08%0.10 0.08%0.10 0.08%0.10 0.08%0.10 0.08%0.10 0.08%0.10 0.08%0.10 0.08%0.10 0
KEMA SERVICES INTERNATIONAL PVT LTD Promoter 0.06%0.07 0.06%0.07 0.06%0.07 0.06%0.07 0.06%0.07 0.06%0.07 0.06%0.07 0.06%0.07 0
ANAND GOPAL MAHINDRA Promoter 0.12%0.14 0.12%0.14 0.12%0.14 0.12%0.14 0.12%0.14 0.12%0.14 0.12%0.14 0.05%0.06 0.07 pp
YUTHICA KESHUB MAHINDRA Other 0.05%0.06 0.05%0.06 0.05%0.06 0.05%0.06 0.05%0.06 0.05%0.06 0.05%0.06 0.05%0.06 0
ANURADHA MAHINDRA Promoter 0.04%0.05 0.04%0.05 0.04%0.05 0.04%0.05 0.04%0.05 0.04%0.05 0.04%0.05 0.04%0.05 0
CHETAN VARDE* Other 0.03%0.04 0.03%0.04 – 0.03%0.04 0.03%0.04 0.03%0.04 0.03%0.04 0.03%0.04 0
SANJAY MOHAN LABROO Promoter 0.02%0.03 0.02%0.03 0.02%0.03 0.02%0.03 0.02%0.03 0.02%0.03 0.02%0.03 0.02%0.03 0
ANJALI K MAHINDRA Promoter 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0
NISHEETA LABROO Promoter 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0
ANEESHA LABROO Promoter 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0.01%0.02 0
RADHIKA NATH Promoter 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0
MARTHAND SINGH MAHINDRA Promoter 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0
DEEPAK VARDE@ Promoter 0.01%0.01 0.01%0.01 – 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0.01%0.01 0
DEVESHWAR JAGAT SHARMA Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
DHRUV S SHARMA Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
GAUTAM P KHANDELWAL Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
ANUJA P SHARMA Promoter 0%0.00 0%0.00 0%0 0%0 0%0 0%0 0%0 0%0 0
KABIR MALHOTRA Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
ANJALI MALHOTRA Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Anand Mahindra Family Trust (Anand Gopal Mahindra and Anuradha Mahindra - Trustees) Promoter New 0%0 – 0%0 0%0 0%0 – – 0%0 –
Mahindra Family Trust - I (Anuradha Mahindra - Trustee) Promoter New 0%0 – 0%0 0%0 0%0 – – 0%0 –
JUSTIN GALINEY Other 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0
SABRINA GALINEY Other 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0
RINKU VARDE Other 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0%0 0
JP MORGAN CHASE BANK, NA (Shares held as Custodians against which Global Depository Receipts have been issued) Institution – 0%2.10 0%2.01 0%1.99 0%2.00 0%2.11 0%2.09 0%2.16 0
AALIKA NISHITA MAHINDRA Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Geeta Premnath Khandelwal Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Preeti Khandelwal Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Naandi Community Water Services (Private) Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Cinestaan Entertainment Private Limited (CEPL) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gotham Park Projects LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Araku Originals Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
I E Marketing Private Limited  Promoter – – 0%0 – – 0%0 0%0 0%0 0
Phi Corporate Solutions LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Goolestan Investments Private Limited (GIPL) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
IN10 Media Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Platanista Games Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Docubay Media Private Limited  Promoter – – 0%0 – – 0%0 0%0 0%0 0
LATESTLY MEDIA PRIVATE LIMITED Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
CINESTAAN FILM COMPANY PRIVATE LIMITED (CFCPL) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
The Indian and Eastern Engineer Company Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Ekatra Hospitality Ventures Private Limited (EHVPL) Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Pro Sport Network LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Bayside Sports (India) Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
EMPIRE PRODUCTS LIMITED Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
MAHINDRA & MAHINDRA CONTECH LIMITED Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
OFFICEMART INDIA.COM LIMITED Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
PSL MEDIA and COMMUNICATIONS LIMITED Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Essel Marketing Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
LAN Estates Private Limited  Promoter – – 0%0 – – 0%0 0%0 0%0 0
Zeppelin Investments Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
TestData Technologies Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Informed Technologies India Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Nagpur Power & Industries Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
THE MOTWANE MANUFACTURING COMPANY PRIVATE LIMITED Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Motwane Digital Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Motwane Building Systems Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Entecres Labs Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
PREMNATH KHANDELWAL HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
GAUTAM KHANDELWAL HUF Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sukhalay Homestays Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
DRA Smart City LLP Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
GEETA GAUTAM FAMILY TRUST Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
SUELVE KHANDELWAL FAMILY TRUST Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
GAUTAM KHANDELWAL FAMILY TRUST Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
RAMPRASAD KHANDELWAL MEMORIAL TRUST Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
RAMPRASAD KHANDELWAL TRUST Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
ARAKU GLOBAL HOLDINGS, SA Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
78 AD LLC Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Markz Hospitality Inc. (MHI) Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Midtown Manor LLC Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Deeya Concept Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Niana (Partnership Firm) Promoter – – – 0%0 0%0 0%0 0%0 0%0 0
Epic Company Private Limited Promoter – – – – 0%0 0%0 0%0 0%0 0
Mashal Sports Pvt. Ltd Promoter – – – – 0%0 – 0%0 0%0 0
LANS Business LLP Promoter – – – – 0%0 0%0 0%0 0%0 0
SCLPT & MOVE Private Limited Promoter – – – – 0%0 0%0 0%0 0%0 0
R S Estates Pvt. Ltd Promoter – – – – 0%0 0%0 0%0 0%0 0
AL Sports & Wellness LLP Promoter – – – – – 0%0 0%0 0%0 0
DIVYA HARSHITA MAHINDRA Promoter – – – – – – 0%0 0%0 0
ALSN SPORTS & ENTERTAINMENT LLP Promoter – – – – – – 0%0 0%0 0
Anand Mahindra Family Trust # (Anand Gopal Mahindra and Anuradha Mahindra - Trustees) Promoter Exited / below 1% – 0%0 – – – 0%0 0%0 – –
Mahindra Family Trust - I #(Anuradha Mahindra - Trustee) Promoter Exited / below 1% – – – – – 0%0 0%0 – –
NPS TRUST A/C UTI PENSION FUND LIMITED-SCHEME STATE GOVT WITH SUB ACCOUNTS Institution Exited / below 1% – – – – – 2.45%2.99 2.48%3.03 – –
DIVYA ANAND MAHINDRA Promoter Exited / below 1% – – 0%0 0%0 0%0 0%0 – – –
Mashal Sports Pvt. Ltd. Promoter Exited / below 1% – – 0%0 0%0 – 0%0 – – –
NPS TRUST- A/C HDFC PENSION MANAGEMENT LIMITED SCHEME E - TIER I WITH SUB ACCOUNTS Institution Exited / below 1% 1.62%1.98 1.77%2.17 1.91%2.34 2.02%2.47 2.35%2.88 – – – –
I E Marketing Private Limited Promoter Exited / below 1% – – – 0%0 0%0 – – – –
Docubay Media Private Limited Promoter Exited / below 1% – – – 0%0 0%0 – – – –
LAN Estates Private Limited Promoter Exited / below 1% – – – 0%0 0%0 – – – –
Script Stories Media Private Limited (SSMPL) Promoter Exited / below 1% – – 0%0 0%0 – – – – –
FIRST SENTIER INVESTORS ICVC - STEWART INVESTORS ASIA PACIFIC LEADERS FUND Institution Exited / below 1% – – 1.37%1.68 1.09%1.34 – – – – –
FOREIGN & COLONIAL EMERGING MARKET LTD A/C.FOREIGN & COLONIAL INDIA LTD Institution Exited / below 1% – – – 0%0.00 – – – – –
THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MASTER TRUST Institution Exited / below 1% – – – 0%0.00 – – – – –
M&M BENEFIT TRUST (Bharat N Doshi , A.K.Nanda, Anand Mahindra, M.M.Murugappan,Padmini Khare, Haigreve Khaitan, Vikram Singh Mehta & Ranjan Pant -Trustees) Promoter Exited / below 1% 6.92%8.45 6.91%8.45 6.9%8.45 – – – – – –
HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND WITH SUB ACCOUNTS Institution Exited / below 1% 1.2%1.47 1.11%1.36 1.05%1.28 – – – – – –
ICICI PRUDENTIAL BLUECHIP FUND WITH SUB ACCOUNTS Institution Exited / below 1% 1.12%1.37 1.47%1.80 1.77%2.16 – – – – – –
DEEPAK VARDE Promoter Exited / below 1% – – 0.01%0.01 – – – – – –
Niana (Partenership Firm) Promoter Exited / below 1% – – 0%0 – – – – – –
CHETAN VARDE Other Exited / below 1% – – 0.03%0.04 – – – – – –
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS BLUECHIP FUND WITH SUB ACCOUNTS Institution Exited / below 1% 1.14%1.40 1.05%1.28 – – – – – – –
FIRST SENTIER INVESTORS ICVC - STEWART INVESTORS ASIA PACIFIC LEADERS SUSTAINABILITY FUND Institution Exited / below 1% 1.66%2.02 1.64%2.00 – – – – – – –
Mahindra Family Trust - I # (Anuradha Mahindra - Trustee) Promoter Exited / below 1% – 0%0 – – – – – – –
KUWAIT INVESTMENT AUTHORITY FUND 601 WITH SUB ACCOUNTS Institution Exited / below 1% 1.08%1.32 – – – – – – – –
JP MORGAN CHASE BANK, NA (Shares held as Custodians against which GDR have been issued) Custodian Exited / below 1% 0%2.31 – – – – – – – –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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