The Mahindra Group's acquisition of Satyam Computer Services will propel it a notch higher in India Inc's big league, making it the country's sixth largest business conglomerate.
As of March 2008, the group reported a consolidated top line of Rs 32,080 crore. After the Satyam acquisition, it is likely to gain access to an annual top line of Rs 6,500 crore, which will take its total revenue to Rs 38,580 crore.
With this, it will pip the Anil Agarwal-led Sterlite Group, which generated Rs 35,319 crore in revenues in FY08. The analysis used the results for year ending March 2008, for want of the latest consolidated results.
The Mahindra group has a prominent presence in key sectors including financial services, retail, logistics, automotive components, information technology and infrastructure development.
Currently, its flagship auto company contributes 58% to the group top line and 53% to its total market cap. Tech Mahindra is at a distant second, making up for 9% of the top line and 18% of the market cap.
With the inclusion of Satyam's revenue, this contribution would be as high as 30% of the overall revenue. Also, the combined IT segment would now make up for almost one-third of the group market cap.
The Mahindra group is ranked in the Forbes Top 200 list of the World's Most Reputable Companies. It is among the few diversified business groups in India.
The group recently launched its flagship store 'Mom & Me' in South Delhi as a part of its retail initiative. The store spread over 10000 sq ft is a one-stop shop specializing in mother and childcare products. It has also made an entry in the two-wheeler segment.