Mahindra Mobility Services, the recently created umbrella entity that houses Mahindra Logistics, Mahindra First Choice Wheels, Zoomcar, Porter and Meru is looking at a 4x growth in its market capitalisation over the next five years. This will be largely driven by Mahindra Logistics and unlisted entities in the mobility services space, said a top official at the group. The Mahindra Group created the entity in April this year with the objective of lending a sharper focus on all the service related businesses and appointed V S Parthasarathy as its president. Parthasarathy was the chief financial officer and CIO (Chief Investment Officer) for the group till recently.
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