Corporate
Governance
Leading with Transparency & Integrity
It is about creating value that lasts and making decisions with integrity, transparency, and fairness.
At Mahindra Accelo, we understand that corporate governance isn’t just a set of rules—it is the heart of our business. It is how we ensure we are doing right by all our stakeholders, from regulators to employees, customers, vendors, investors, and the broader community. It is about creating value that lasts and making decisions with integrity, transparency, and fairness.
Our leadership benefits from the collective wisdom of our Board of Directors, who bring diverse perspectives to the table. With 8 members on our Board, including the Managing Director, 4 Non-Executive Directors, and 3 Independent Directors, we are confident in our ability to navigate the road ahead. We are dedicated to creating value and staying grounded in the principles that guide us.
Board Committees
The structure of our Board Committees is designed with precision, ensuring clear responsibilities. These committees serve as focal points of expertise, enabling us to address critical areas of the organisation with a focussed approach.
We place great importance on reinforcing our commitment to thorough oversight and accountable governance. This collaborative approach enhances our strategic oversight and reinforces our dedication to sound, ethical management across all aspects of our business.
Audit Committee
Nomination and Remuneration Committee
Corporate Social Responsibility Committee
Responsible Governance Practices
At the core of our ethos is running our business with dignity, excellence, and a strong sense of accountability. We rigorously adhere to ethical standards to ensure integrity, transparency, independence, and accountability in all our interactions. To uphold these ideals, we have implemented a range of codes and policies that govern both our operations and the relationships we maintain with stakeholders. The following policies are:
Code of Conduct for Directors and Employees
Whistle-Blower Policy
Policy on Prevention of Sexual Harassment
Anti-Bribery and Anti-Corruption Policy
Safety, Occupational, Health and Environment Policy
Policy on Appointment/ Removal of Directors and Senior Management Personnel
Policy for Remuneration of the Directors, Key Managerial Personnel and Other Employees
Policy on Gift and Entertainment
Corporate Social Responsibility Policy
Ethical Conduct
At Mahindra Accelo, ethical conduct is the pillar of our business philosophy. We uphold fairness, integrity, and accountability as non-negotiable principles that reinforce trust among all our stakeholders. Our legacy of transparent and responsible governance means that these values aren’t just words on a page; they are embedded in every decision we make, every action we take.
This commitment is how we back our values with real practical measures: rigorous oversight, strong cybersecurity protocols, and a firm focus on accountability at every level of the organisation. We know that ethical governance is the key to safeguarding our reputation and driving long-term, sustainable growth. By staying true to these principles, we protect what we have built but also create a foundation for success in the years to come.
Value Chain
At Mahindra Accelo, maintaining the highest standards of quality within our supply chain is our top priority. We source premium automotive steel from esteemed Indian mills and cutting-edge electrical steel from renowned Nippon Steel, ensuring our partnerships are with only the most reliable and trusted partners. Our state-of-the-art facilities integrate state-of-the-art technologies to streamline processing, reduce waste, and maintain stringent quality checks at every stage.
Operating two TPM-certified Plants enables us to share best practices across our operations and consistently exceed customer expectations. As part of our Holding company’s commitment to integrating green steel into our processes by 2030, we are actively collaborating with suppliers to adopt eco-friendly practices that minimise emissions throughout our production stages. This proactive approach reinforces our commitment to delivering superior products while upholding environmental responsibility across our entire value chain.
Cybersecurity
At Mahindra Accelo it is not just about protecting information; it is about safeguarding trust. That’s why we have put in place stringent measures—like regular data backups—to ensure that sensitive data stays safe, always accessible, and in full compliance with privacy laws. Whether it is information related to our employees, customers, we are committed to making sure it is protected at every step. Our approach goes beyond just meeting the necessary requirements; it is about creating a strong and secure digital environment. We have an evolving robust cybersecurity infrastructure to keep pace with emerging threats. By doing so, we ensure that we are upholding the highest standards of privacy and preparing for the future—so that our data protection practices remain as secure and reliable as ever.
Vigil Mechanism
Our vigilant oversight mechanism is a key component of our dedication to transparency and ethical accountability. Established through our Whistle-Blower Policy, it provides a safe and confidential channel for directors, employees, and stakeholders to report concerns related to unethical actions, suspected fraud, or breaches of our corporate ethos. Robust protections are in place to ensure those who come forward are not subjected to retaliation. Furthermore, our mechanism ensures that all issues are directly escalated to the Chairman of the Audit Committee, ensuring swift and thorough attention. The Audit Committee carefully reviews these matters quarterly, reaffirming our dedication to upholding the highest standards of ethical conduct across our organisation.
Our ESG Commitment
At Mahindra Accelo, sustainability isn’t just a goal for us—it is a way of life. We are driven by a goal to build a future where society thrives in harmony with the planet. For us, this means actively shaping a world that not only meets today’s needs but also safeguards opportunities for generations to come.
We take a thoughtful and deliberate approach to the challenges that matter most—environmental impact, social responsibility, and governance. By carefully assessing these areas and understanding the needs of our stakeholders, we develop meaningful, long-lasting initiatives that create value while staying true to our responsibility to a greener, more inclusive future.
Sustainability isn’t something we talk about—it is something we live in every decision we make, every project we launch, and every partnership we build. It is embedded in our culture, and it guides us in everything we do.
Operations
Achieve carbon- and waste-free growth through energy efficiency and renewable energy.
Products
Enable more sustainable design, business, and marketing processes and conserve resources.
Ecosystem
Advocate for policies, partnerships, and commitments to strengthen our thought leadership.
Our Company has developed a sustainable framework to ensure that we deliver growth and profitability. Simultaneously, we aim to reduce our carbon footprint and give back to our communities by undertaking initiatives that contribute to a better tomorrow.
Mahindra Sustainability Framework
Building enduring businesses by rejuvenating the environment and enabling stakeholders to rise.
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Enabling Stakeholders to Rise
Build a great place to work Foster inclusive development Make sustainability personal
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Rejuvenating the Environment
Achieve carbon neutrality Become water positive Ensure no waste to landfill Promote biodiversity
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Building Enduring Business
Grow green revenue Mitigate risk, including climate risk Make supply chain sustainable Embrace technology and innovation Enhance brand equity
Partnering. Learning. Sharing.
Giving Back More than We Take
Sustainable Growth Pillar
Environment
- Product Stewardship
- Green Product
- Waste Management
- Material and Energy Intensity
- Green Logistic
- Reduce, Reuse, Recycle
Social
- Health and Safety
- Human Rights
- Impact on Society
- Collective Bargaining
- Community Development
- Anti-Bribery and Anti-Corruption
Governance
- Suppliers
- Environment Investments
- Local Hiring
- Economic Value Generated
- Climate Change Implication
Mahindra Group Sustainability Mandate
Planet Positive Framework
Ambition: Global ESG Leader
Vision: #TogetherWeRise for Planet Positive
At Mahindra Accelo, we have adopted the ‘Planet Positive’ framework and customised it to add elements to the three dimensions of greening ourselves, decarbonising our industries, and rejuvenating nature. Our Company has set both short-term and long-term targets for each dimension, enabling us to monitor progress effectively.
Greening Ourselves
- Achieving Net-Zero on Scope 1 + 2 Emissions (RE Usage & Energy Efficiency)
- Attaining Net-Zero on Water and Waste (Reuse, Reduce & Recycle)
- Adopting Material Circularity (Reduce, Reuse & Green Material)
Decarbonising Our Industries (Addressing Scope 3)
- Transitioning to a Green Portfolio (EVs in Auto, LMM & Logistics; Green Buildings and Resorts)
- Supporting the Transition to Net-Zero Supply Chain (Logistics)
- Promoting Industry Circularity (Auto Recycling)
Rejuvenating Nature
- Promoting Regenerative Agriculture (Via Improved Farming Techniques)
- Driving Afforestation at Scale (Hariyali Programme)
- Investing in Green Technology (Solar, Hybrid, Storage)
Enablers
- Leading on Reporting & Disclosures
- Incubator for Green Technology
- Leadership Positioning through Communication
- Active Voice for Climate Advocacy
- Practical Capability Building Plan