Driving Decarbonisation
Mobility, Energy
and Recycling
About this Report
At Mahindra Accelo Limited, formerly known as Mahindra Intertrade Limited, we take immense pride in presenting our Integrated Annual Report for FY 2024-25. This report encapsulates a holistic view of our financial and non-financial achievements, reflecting our firm dedication to Environmental, Social, and Governance (ESG) principles. It highlights our dynamic approach to creating sustainable value across all dimensions, offering stakeholders a comprehensive perspective on our performance and aspirations for driving value over the short, medium, and long term.
Read MoreOur Stakeholders
- Shareholders
- Customers
- People
- Suppliers
- Communities and Our Environment
Our Capitals
- Financial Capital
- Manufactured Capital
- Intellectual Capital
- Natural Capital
- Human Capital
- Social and Relationship Capital
Group
Companies
One Accelo One Purpose
We are a Category of 
1st
Steel Service Centre in India in the Organised Sector
1st
Steel Service Centre Abroad by an Indian Entity
1st
Electrical Steel Service Centre in South Asia
1st
Vehicle Recycling Facility in India in the Organised Space
Introducing
Our
Capitals
Optimising
Value-Creation
Across Capitals
Financial Capital
Mahindra Accelo channels its financial resources with calculated intent, advancing growth, sustainability, and operational continuity. This approach ultimately ensures sustained, meaningful value for its stakeholders.
Manufactured Capital
Mahindra Accelo is setting forth on an extraordinary trajectory of expansion within its mobility and energy divisions, with a keen focus on optimising efficiency, ensuring reliability, enhancing safety, and fostering sustainability. With the seamless integration of innovative processes and advanced technologies, we are reshaping what’s possible and leading the charge towards unparalleled growth and success.
5,46,682 Tonnes
Volumes
7.86%
Volume Growth
Intellectual Capital
We are dedicated to establishing technology-driven environmental leadership and fostering knowledge-intensive enterprises. By leveraging the power of digital transformation, supported by both internal expertise and external collaborations, our Company is advancing sustainability, driving continuous improvement, and fostering innovation throughout the organisation.
40
Digitisation Efforts at Mahindra Accelo
Natural Capital
As a company operating within a resource-intensive sector, we place a high priority on environmental stewardship, dedicating resources that enhance resource efficiency and promote sustainable practices across our operational footprint. These proactive measures are integral to mitigating our ecological impact and aligning with global sustainability standards. Reinforcing our commitment to a greener future, we have set an ambitious target to achieve Net Zero emissions by 2040.
0.069
Specific Energy
3,036 GJ
Renewal Energy Consumption
33.38%
Water Recycled
5,404 tCO2e
Total GHG Emission
37%
Reduction in Scope 1 Emission
Human Capital
Our human resources, aligned with our guiding values and strategic objectives, plays an indispensable role in the pursuit of ambitious goals. We are fully committed to nurturing a fair and adaptable work environment that promotes collaboration, innovation, and high performance. This commitment stands as a proof to our dedication to promoting a safe, inclusive, and thriving environment for all stakeholders.
87%
MCARES Score*
19,230 Hours
Employee Training
189+
New Employees Hired (On Roll)
₹ 0.44 crore
PBT per Employee
Zero
Fatality
Financial Capital
Financial Capital
Mahindra Accelo channels its financial resources with calculated intent, advancing growth, sustainability, and operational continuity. This approach ultimately ensures sustained, meaningful value for its stakeholders.
Manufactured Capital
Manufactured Capital
Mahindra Accelo is setting forth on an extraordinary trajectory of expansion within its mobility and energy divisions, with a keen focus on optimising efficiency, ensuring reliability, enhancing safety, and fostering sustainability. With the seamless integration of innovative processes and advanced technologies, we are reshaping what’s possible and leading the charge towards unparalleled growth and success.
5,46,682 Tonnes
Volumes
7.86%
Volume Growth
Intellectual Capital
Intellectual Capital
We are dedicated to establishing technology-driven environmental leadership and fostering knowledge-intensive enterprises. By leveraging the power of digital transformation, supported by both internal expertise and external collaborations, our Company is advancing sustainability, driving continuous improvement, and fostering innovation throughout the organisation.
40
Digitisation Efforts at Mahindra Accelo
Natural Capital
Natural Capital
As a company operating within a resource-intensive sector, we place a high priority on environmental stewardship, dedicating resources that enhance resource efficiency and promote sustainable practices across our operational footprint. These proactive measures are integral to mitigating our ecological impact and aligning with global sustainability standards. Reinforcing our commitment to a greener future, we have set an ambitious target to achieve Net Zero emissions by 2040.
0.069
Specific Energy
3,036 GJ
Renewal Energy Consumption
33.38%
Water Recycled
5,404 tCO2e
Total GHG Emission
37%
Reduction in Scope 1 Emission
Human Capital
Human Capital
Our human resources, aligned with our guiding values and strategic objectives, plays an indispensable role in the pursuit of ambitious goals. We are fully committed to nurturing a fair and adaptable work environment that promotes collaboration, innovation, and high performance. This commitment stands as a proof to our dedication to promoting a safe, inclusive, and thriving environment for all stakeholders.
87%
MCARES Score*
19,230 Hours
Employee Training
189+
New Employees Hired (On Roll)
₹ 0.44 crore
PBT per Employee
Zero
Fatality
Social & Relationship Capital
Social & Relationship Capital
Our strategy for sustainable growth thrives on active, ongoing dialogue with stakeholders. By cultivating deep partnerships with customers, suppliers, and communities, we align relationships with our long-term vision, ensuring resilience and shared success. Through a blend of proven methods and innovative tools, we strengthen these collaborations, creating value that benefits all parties and drives collective advancement.
₹ 4.74 crore
CSR Allocation
95
Customer Satisfaction Index
10,000+
Lives Touched
About
Mahindra
Accelo
(MAL)
Shaping the Future with Purpose
Our story is one of continual transformation and visionary innovation.
As one of the longest-standing and most trusted businesses within the Mahindra Group, Mahindra Accelo (referred to as ‘Mahindra Accelo’, ‘our Company’, or ‘We’) has evolved from its origins in steel trading and processing to become a powerhouse in high quality component manufacturing. Today, we lead the charge in advancing the mobility and energy sectors.
Read MoreInvestment
Case
Driving Strategic Investments
Our business model is built on resilience and foresight, delivering exceptional value to stakeholders.
Our business model is built on resilience and foresight, delivering exceptional value to stakeholders. By seizing high-growth opportunities and championing sustainability and operational excellence, we are paving the road for sustained growth and profitability over time.
Read More
Brand
Story
Redefining What’s Possible….
...We Turned
Criticism into
Innovation...
Mahindra Accelo’s metamorphosis—from a conventional steel processor to a dynamic, technology driven leader—began with an unexpected spark. In 2015, Mr. Sumit Issar, Managing Director of Mahindra Accelo Limited (formerly known as Mahindra Intertrade Limited), found himself at a crossroads that would fundamentally change our Company’s course. During a high-stakes meeting with a senior executive of a leading Original Equipment Manufacturer (OEM), Issar and his team were eager to discuss a strategic partnership. The atmosphere was cordial, professional—until a single remark changed everything.
What could have been brushed off as a casual job became a call to action. Issar and his team did not retreat in the face of this dismissal; they embraced it. They chose to redefine their trajectory, to outgrow their past and rise as a technology-led partner in the automotive ecosystem. This was no longer about processing steel—it was about crafting the future.
Message
from the
Chairman
Compounding Value with Agility, Innovation and Sustainability
Our focus remains on developing solutions that span both internal combustion and electric platforms.
Ranjan Pant
Chairman, Mahindra Accelo
Read More
MD & CEO
Review
Engineering the Future with
Resilience and
Readiness
We continued to scale new heights by staying aligned with market realities, investing in advanced technologies, and strengthening our role as a future ready enterprise.
Sumit Issar
Managing Director & CEO, Mahindra Accelo
Read More
Materiality
Assessment
Turning Insights into Action
We are committed to addressing these strategic priorities with precision, reinforcing our ability to deliver sustainable, long-term value for all stakeholders.
Material Issues
- 1. Energy Management
- 2. Circular Economy
- 3. Corporate Governance and Compliance
- 4. Customer Relationship Management
- 5. Occupational Health and Safety
- 6. New Growth Opportunities, Brand Reputation and Business Continuity
- 7. Digitisation, Data Protection and Privacy
- 8. Risk and Crisis Management
- 9. Labour Management
- 10. Economic Performance
- 11. Human Rights
- 12. Technology, Product and Process Innovation
- 13. Employee Attraction and Retention
- 14. Climate Change
- 15. Operational Eco-efficiency
- 16. Employee Training and Development
- 17. Supply Chain Sustainability
- 18. Fair Employment
- 19. Diversity and Inclusion
- 20. Community Development
- 21. Air Emissions
Social & Relationship Capital
Our strategy for sustainable growth thrives on active, ongoing dialogue with stakeholders. By cultivating deep partnerships with customers, suppliers, and communities, we align relationships with our long-term vision, ensuring resilience and shared success. Through a blend of proven methods and innovative tools, we strengthen these collaborations, creating value that benefits all parties and drives collective advancement.
₹ 4.74 crore
CSR Allocation
95
Customer Satisfaction Index
10,000+
Lives Touched