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16-Aug2016

M&M's arm aims to increase its top-line by threefold in the next three years

Mahindra Agri Solutions (MASL), a 100 percent agricultural commodities-focused subsidiary of automobile major Mahindra & Mahindra (M&M), is reportedly aiming to increase its revenue by threefold in the next three years. The company's turnover stood at Rs 900 crore in FY16.

The agri vertical started five years ago and the company has grown 12-fold in turnover for all businesses under it. MASL has recently launched four products under the processed dal category, under a NuPro brand - urad (black gram), moong (green gram), chana (Bengal gram) and masoor (pink lentil).

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.


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