Ethical Compliance

MAHINDRA & MAHINDRA

MAHINDRA & MAHINDRA

Revenue

11.7%

Debt

43.7%

Liquidity

5.1%

Revenue

Debt

Liquidity

11.7%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  From Others
₹1,361.12

  Gain on change in ownership
₹748.33

  Other Income
₹321.74

  Sale of Automobiles & service
₹1,22,330.98

Questionable

INR Crores

  Dividend income
₹1,080.70

Non Compliant

INR Crores

  From financial services
₹14,587.20

  Interest income from associates and joint ventures
₹50.64

  Interest Income
₹773.98

INR Crores

Revenue from Questionable Sources:₹1,080.70
Revenue from Non Compliant Sources:₹15,411.82
Total:₹16,492.52
Total Revenue:₹1,41,254.69

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹16,492.52

₹1,41,254.69

= 11.7%

non-compliant

Rationale

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.