Sustainable Mobility
and Energy
Mahindra Accelo Limited
(formerly known as Mahindra Intertrade Limited)
Integrated Annual Report 2023-24
Accelerating the Future
of Sustainable Mobility
and Energy
At Mahindra Accelo, we are not merely embracing change but propelling it forward with zeal. Our dedication to shaping a circular economy and reducing carbon emissions stands as the cornerstone of our mission. Through the delivery of sustainable, cutting-edge components, our Company is revolutionising the mobility and energy sectors, heralding a greener and more sustainable future.
At Mahindra Accelo, we are not merely embracing change but propelling it forward with zeal. Our dedication to shaping a circular economy and reducing carbon emissions stands as the cornerstone of our mission. Through the delivery of sustainable, cutting-edge components, our Company is revolutionising the mobility and energy sectors, heralding a greener and more sustainable future.
A Tribute to Leadership
and Legacy
Mr. Bharat Doshi, the former Executive Director and Group CFO of Mahindra & Mahindra Limited, exemplifies a distinguished career marked by exemplary leadership and strategic vision.
Advancing with
Sustainability in Mobility
and Energy Solutions
Mahindra Accelo (referred to as ‘MAL’, or ‘our Company’, or ‘We’), an integral part of the Mahindra Group, boasts a rich legacy as one of the oldest businesses within the conglomerate. Initially established as a steel-trading and processing enterprise, we have evolved into a formidable player in high-quality component production.
Our Presence
Decarbonising the world requires a strategic global presence. At Mahindra Accelo, we prioritise selecting the right destinations to establish our operations. Our Company’s expansion into key markets like India, Indonesia, and the UAE reflects our commitment to being where our customers need us most. These locations offer unique advantages, such as proximity to major markets, access to skilled talent, and supportive regulatory environments. Additionally, by strategically choosing these destinations, we aim to serve our customers efficiently while contributing to global sustainability goals.
Disclaimer: This map is a generalised illustration only for the ease of the reader to understand the locations, and it is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position. The Company or any of its directors, officers or employees, cannot be held responsible for any misuse or misinterpretation of any information or design thereof. The Company does not warrant or represent any kind in connection to its accuracy or completeness.
Disclaimer: This map is a generalised illustration only for the ease of the reader to understand the locations, and it is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position. The Company or any of its directors, officers or employees, cannot be held responsible for any misuse or misinterpretation of any information or design thereof. The Company does not warrant or represent any kind in connection to its accuracy or completeness.
We Rise with
Decarbonisation
It’s challenging to envision a world without steel, a material that has singularly shaped the modern era and left an indelible mark on our world. Everything, from infrastructure to transportation to technology, bears the imprint of steel. When steel was first introduced, it ushered humanity into a new era.
Yet, it wasn’t just the metal itself that enabled these transformations. The people behind it were the visionaries, inventors, and craftsmen who shaped and reshaped our world. They faced historical setbacks but pressed on nonetheless.
Today, once again, the world stands on the cusp of change, and it requires its trailblazers. As our climate shifts, so must we—governments, industries, societies, and individuals alike. It’s time to consciously reduce our carbon footprint.
This challenge demands a collective solution where innovation meets determination. We are ready to rise to the occasion. Steel remains our tool of choice, and we’re leveraging it to enhance efficiency, develop next-generation clean energy solutions, and innovate in steel recycling.
Our aim is clear: to lead the charge toward a carbon-neutral future and to ensure that everyone is a part of this journey. Together, we can forge a sustainable path forward.
Yet, it wasn’t just the metal itself that enabled these transformations. The people behind it were the visionaries, inventors, and craftsmen who shaped and reshaped our world. They faced historical setbacks but pressed on nonetheless.
Today, once again, the world stands on the cusp of change, and it requires its trailblazers. As our climate shifts, so must we—governments, industries, societies, and individuals alike. It’s time to consciously reduce our carbon footprint.
This challenge demands a collective solution where innovation meets determination. We are ready to rise to the occasion. Steel remains our tool of choice, and we’re leveraging it to enhance efficiency, develop next-generation clean energy solutions, and innovate in steel recycling.
Our aim is clear: to lead the charge toward a carbon-neutral future and to ensure that everyone is a part of this journey. Together, we can forge a sustainable path forward.
At Mahindra Accelo, we are driving the decarbonisation revolution with our innovative solutions in the Mobility and Energy sectors. We combine cutting-edge technological innovation with our commitment towards sustainability to create efficient green solutions for a carbon-neutral future. In the Mobility segment, this combination is pivotal to the world’s advancement in automobiles, offering high-end sustainable components that drive progress in the Automotive sector. Similarly, when it comes to the Energy sector, the world relies on energy, as it contributes by providing critical components and structures that reduce energy loss, enabling advancement in this crucial industry.
At Mahindra Accelo, we are driving the decarbonisation revolution with our innovative solutions in the Mobility and Energy sectors. We combine cutting-edge technological innovation with our commitment towards sustainability to create efficient green solutions for a carbon-neutral future. In the Mobility segment, this combination is pivotal to the world’s advancement in automobiles, offering high-end sustainable components that drive progress in the Automotive sector. Similarly, when it comes to the Energy sector, the world relies on energy, as it contributes by providing critical components and structures that reduce energy loss, enabling advancement in this crucial industry.
CERO Impact
-
24,000+
Vehicles Scrapped
-
29,300+ Tonnes
CO2 Emissions Saved with ELV Recycling
-
17,500+ Tonnes
Ferrous Scrap Recycled
-
28,100+ Tonnes
Iron Ore Saved
CERO Impact
-
24,000+
Vehicles Scrapped
-
29,300+ Tonnes
CO2 Emissions Saved with ELV Recycling
-
17,500+ Tonnes
Ferrous Scrap Recycled
-
28,100+ Tonnes
Iron Ore Saved
Mapping Material Aspects
with Impactful Strategies
Materiality refers to identifying the most significant aspects for reporting, enabling concise and effective communication. This approach helps stakeholders make informed decisions with ease and clarity.
Materiality Matrix
Embracing Sustainability
with Responsible Business
Practices
Guided by our vision of fostering a balanced society that protects future opportunities, we are committed to creating a more sustainable world. At Mahindra Accelo, we prioritise tackling key issues identified by thorough assessments. By carefully studying how these issues might affect our Company’s operations, we gain insights into stakeholders’ concerns, enabling us to develop lasting initiatives that create value for all involved.
Materiality refers to identifying the most significant aspects for reporting, enabling concise and effective communication. This approach helps stakeholders make informed decisions with ease and clarity.
Measuring Impact for
Responsible Growth
Environmental
11%
Reduction in Energy Intensity
2,815 GJ
Renewable Energy Consumption
ZWL Certification
for All Our Plants
2,673 KL
Water Recycled
15%
Reduction in Scope 1 CO2 Emissions
Social
5%
Women in the Workforce
10.47
Person Hours of Training
4.33
MCARES Score
₹ 3.57 crore
CSR Investment
11,591
Lives Touched
Governance
9
Board of Directors
11.11%
of Women’s Representation on the Board
33.33%
Independent Directors
3
Committees of the Board
Measuring Impact for
Responsible Growth
Environmental
11%
Reduction in Energy Intensity
2,815 GJ
Renewable Energy Consumption
ZWL Certification
for All Our Plants
2,673 KL
Water Recycled
15%
Reduction in Scope 1 CO2 Emissions
Social
5%
Women in the Workforce
10.47
Person Hours of Training
4.33
MCARES Score
₹ 3.57 crore
CSR Investment
11,591
Lives Touched
Governance
9
Board of Directors
11.11%
of Women’s Representation on the Board
33.33%
Independent Directors
3
Committees of the Board