Wednesday, October 21, 2020
Home Automobiles Mahindra Invests Rs. 12 Crore In Vehicle Performance Monitoring Start-up - carandbike

Mahindra Invests Rs. 12 Crore In Vehicle Performance Monitoring Start-up – carandbike

Carnot is predicted to assist the corporate’s technique by growing info know-how options for its merchandise, clients and companies.




expand View Photos

Carnot supplies services associated to web linked gadgets for monitoring efficiency.

Mahindra has invested  ₹ 12 crore in Carnot Technologies Private Limited rising its stake to fifteen.60 per cent of the fairness share capital (or 48.05 per cent of the share capital on a totally diluted foundation). Carnot Technologies is an Indian start-up which supplies services associated to web linked gadgets for monitoring efficiency of autos and tools. The firm witnessed a turnover of ₹ 17.3 crores in FY 2020.

Also Read: First BS6 Mahindra Alturas G4 SUV Delivered To The President Of India

28amh4r

Carnot will even present companies for farm tools.

Carnot is predicted to assist the corporate’s technique by growing info know-how options for its merchandise, clients and companies. Carnot was included in August 2015 and is engaged within the enterprise of analysis, growth, manufacturing and retail of merchandise and offering companies within the discipline of data know-how and know-how enabled purposes in several fields, together with autos and farm tools. Therefore, the corporate can help Mahindra with the information associated to its farm tools together with cars.

Also Read: Mahindra XUV500 Automatic BS6 Launched In India

mjr0mvfc

Mahindra holds 15.60 per cent stake in Carnot Technologies PVT LTD.

0 Comments

In phrases of income, Carnot has been on the expansion trajectory. In FY 2018 the corporate recorded a income of ₹ 2.4 crore and it went as much as ₹ 3.3 crore in FY 2019. As already talked about, in FY 2020 it bought a serious fillip taking the income to ₹ 17.3 crore. Mahindra has already paid ₹ 3 crore in major infusion and might be paying the steadiness quantity of Rs, 9 crore in secondary infusion by September 30, 2020, thereby finishing the acquisition of the mentioned stake.

For the most recent auto information and critiques, comply with carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Delhi data 3,686 coronavirus instances; demise toll reaches 6,128

Delhi recorded as many as 3,686 contemporary coronavirus instances. With this, the tally of coronavirus instances within the state...

Nigeria Sars protest: Unrest in Lagos after taking pictures

Related Topics#EndSars protestspicture copyrightGetty Imagespicture captionDemonstrators on Wednesday defied a curfew in Lagos to protest towards the shootingsBuildings have been set aflame and there...

Climate change: ‘Cooling paint’ might minimize emissions from buildings

"In one experiment where we put a painted surface outside under direct sunlight, the surface cooled 1.7C below the ambient temperature and during night...

Covid: Do all Tier 3 space employees get 80% of their wages?

The prime minister claims employees will get 80% of their wages. Will they?

Recent Comments