Kotak Mahindra Group has made significant fresh investments across six companies during the December quarter of 2025, totaling approximately ₹2,303.80 crores. This strategic move signals the group's confidence in these companies' long-term growth prospects and business fundamentals across diverse sectors including healthcare, renewable energy, banking, home appliances, healthcare services, and mining.

Investment Portfolio Overview

The investments demonstrate a diversified approach, with stakes acquired ranging from 1.1% to 4.7% across companies with strong market positions in their respective sectors. Such investments by a large and reputable financial group often reflect a positive outlook on the companies' performance, strategy, and future potential.

Healthcare Sector Investments

Park Medi World Ltd received the highest percentage stake acquisition at 4.7%. The company operates as a rapidly expanding, NABH-accredited multi-specialty hospital group and is the second-largest private chain in North India. Operating under the "Park Hospital" brand, it has a cluster of hospitals across Haryana, Delhi, Punjab, and Rajasthan, offering diverse care from cardiology to oncology with a focus on accessible, quality healthcare.

Sagility Ltd attracted a 1.1% stake worth ₹277.90 crores. The technology-driven healthcare services provider primarily serves US-based payers and providers, offering solutions like core benefits administration for payers and revenue cycle management for providers, leveraging automation, AI, and analytics.

Banking and Financial Services

Bank of Maharashtra Ltd received the largest investment by value at ₹1,125.60 crores for a 2.2% stake. The Pune-based Indian Public Sector Bank, established in 1935 and nationalized in 1969, offers a full range of banking services including retail, corporate, agriculture, MSME, and digital banking, with a significant branch network especially in Maharashtra.

Manufacturing and Industrial Sectors

Whirlpool of India Ltd, a subsidiary of Whirlpool Corporation, attracted a 1.6% stake worth ₹156.40 crores. The company is a leading manufacturer and marketer of major home appliances like refrigerators, washing machines, ACs, and kitchen appliances, operating state-of-the-art facilities in Faridabad, Puducherry, and Pune.

Emmvee Photovoltaic Power Ltd received a 1.5% stake valued at ₹214.30 crores. Founded in 1992, the company specializes in integrated solar solutions, from high-efficiency PV module manufacturing using TOPCon technology and solar cells to solar water heating systems and EPC services for large projects.

Midwest Ltd attracted a 4.2% stake worth ₹213.70 crores. The leading Indian mining and natural stone company, established in 1981, specializes in Black Galaxy and Absolute Black Granite, with operations in mining, processing, and exporting, also involved in quartz, diamond wire manufacturing, and infrastructure.

Market Positioning

The shareholding patterns of these companies as of December 2025 show strong promoter holdings across all investments, ranging from 39.76% in Whirlpool of India to 82.89% in Park Medi World. The domestic institutional investor presence varies significantly, from 8.58% in Park Medi World to 35.55% in Whirlpool of India, indicating varying levels of institutional interest across the portfolio companies.

Mahindra & Mahindra Group CEO Anish Shah has announced the company's intention to list its electric three-wheeler business in 2027, marking a significant step in the automotive giant's electric mobility strategy. Speaking exclusively to CNBC-TV18 at the World Economic Forum in Davos, Shah outlined the rationale behind this strategic move and the company's broader growth plans.

Strategic IPO Plans for Electric Three-Wheeler Business

Shah explained that the electric three-wheeler arm has reached sufficient maturity to operate independently and scale effectively. The planned listing aims to unlock value while providing capital for the next phase of expansion. "We will use the funds from the electric three-wheeler business listing for growth," Shah stated, emphasizing the group's commitment to disciplined capital allocation.

Electric Mobility Growth Trajectory

The company's electric vehicle segment currently represents approximately 7% of Mahindra's overall volumes. However, Shah projects this share will gradually increase to 20-30% over time as the market evolves and infrastructure develops.

Infrastructure Challenges and Market Outlook

Despite the positive growth trajectory, Shah identified infrastructure as a critical bottleneck for electric vehicle adoption. He specifically highlighted the need for improved charging availability on highways to accelerate meaningful adoption across all vehicle segments. This infrastructure gap remains a key challenge that could impact the pace of electric mobility transformation in India.

Broader Strategic Vision and Market Positioning

At the World Economic Forum, Shah emphasized "resilience" as the dominant theme in current business discussions, reflecting how companies have navigated global challenges in recent years. The Mahindra Group's message to policymakers ahead of the Union Budget focuses on policy continuity, with Shah advocating to "stay on track" given the positive impact of recent government initiatives.

Shah also stressed India's need to accelerate its push toward becoming a global manufacturing hub, not only to capture growth opportunities but also to reduce vulnerabilities from concentrated global supply chains. He cited recent rare-earth magnet shortages as an example of unexpected supply-chain disruptions that can significantly impact manufacturing and mobility businesses.

Current Market Performance

Mahindra & Mahindra shares were trading 1.09% down at ₹3,617.70 as of 1:26 PM on the day of the announcement. Despite the intraday decline, the stock has gained 11.43% over the past six months, reflecting investor confidence in the company's strategic direction.

The planned electric three-wheeler business listing underscores Mahindra's focused approach to electric mobility as a long-term growth driver, while maintaining capital discipline amid global market volatility. This strategic move positions the company to capitalize on India's evolving electric vehicle landscape while addressing infrastructure and supply chain challenges that could impact future growth.

Source: https://www.cnbctv18.com/business/companies/davos-2026-mahindra-mahindra-plans-to-list-electric-three-wheeler-business-in-2027-anish-shah-exclusive-ws-l-19824482.htm