Annual Reports
Mahindra & Mahindra Integrated Annual Report 2025-26: A Review
Mahindra's Integrated Annual Report 2025-26 has one of the clearest strategy stories in this series: three phases, three sets of businesses, named exits and dated targets for each Growth Gem. The integrated section is a compact 93 pages. But materiality is described without a single topic, the emissions page shows absolute numbers rising without the intensity progress the BRSR reports, and four pages of awards come before the strategy.