Mr. S. Durgashankar & Mr. P. N. Sathees Kumar signing the MoU in the presence of Mr. V. S. Parthasarathy

& Mr. Rajesh Mokashi

Mumbai, July 23, 2014: Mahindra Integrated Business Solutions Limited (MIBS), a part of the Mahindra Group, one of India's leading business houses, has entered into an MoU with CARE Kalypto Risk Technologies and Advisory Services Pvt. Ltd. (CARE Advisory) to provide joint advisory services to clients.

The MoU was signed in the presence of Mr. Rajesh Mokashi, Deputy Managing Director of CARE and member of the Board of CARE Kalypto Risk Technologies and Advisory Services Pvt. Ltd. and Mr. V. S. Parthasarathy, CFO and Group CIO, Mahindra & Mahindra Ltd.

The aim of this MoU - which has a tenure of three years - is to enhance the services rendered to various clients by leveraging the expertise of both organizations.

Commenting on the MOU, Mr. P. N. Sathees Kumar, CEO, CARE Advisory, said, "Our combined platform offers a whole host of financial, technical, operational, commercial, HR, IT and investment banking solutions to our clients, especially MSME clients. This MoU will help us to broad base our offerings even further." 

Mr. S. Durgashankar, Chairman, MIBS said, "Our association with CARE Advisory will further strengthen our value proposition and provide us with an opportunity to expand our portfolio of services to a larger base of SME clients."

MIBS is the Business Process Management (BPM) arm of the Mahindra Group and offers financial and HR outsourcing services. It also provides investment banking, M&A Advisory and management consulting services to SME clients. Through its Msquare M&A Alliance, MIBS also provides an international partner connect to around 375 M&A intermediaries across 45 countries and offers the entire range of advisory services including Acquisitions, Divestments, Joint Ventures, Fund Raising, Corporate Structuring, Valuation, Legal Support, Due Diligence, Taxation Advisory, etc., providing a secure platform for its members to share opportunities and participate in deal flows across the globe.

About CARE Advisory

CARE Advisory is a Division of CARE Kalypto Risk Technologies and Advisory Services Pvt. Ltd., a wholly owned subsidiary of Credit Analysis and Research Ltd. (CARE), a leading credit rating and information services company in India. CARE Advisory offers services in the areas of Corporate and Infrastructure Advisory and is focused on both public sector and private sector clients. The focus areas of CARE Advisory include investment banking activities (including valuations), business and financial restructuring, financial appraisal and feasibility studies and designing and implementation of bid management processes.

For further enquiries please contact:

Mr. P.N.Sathees Kumar

CEO, CARE Advisory

Phone: +91-22-6754 3555

Email: sathees.kumar@care-advisory.com

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services  and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world's largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category in 2013.

Visit us at www.mahindra.com

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For further enquiries please contact:

Ruzbeh Irani                                        

Chief Group Communications and Ethics Officer

and Member of the Group Executive Board

Mahindra Group                                           

Phone: +91 22 2490 1441   

Email:  group.communications@mahindra.com

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