June 28, 2017 8:13 AM ET

Specialty Retail

Company Overview of Mahindra First Choice Services Limited

Company Overview

Mahindra First Choice Services Limited operates as a used car retailer. It offers cars through its outlets and a superstore. The company was founded in 2008 and is based in Mumbai, India. It operates a superstore in Goregaon, India; and workshops in Kochi, Ludhiana, Bengaluru, Panchkula, Mohali, and Pune, India. Mahindra First Choice Services Limited operates as a subsidiary of Mahindra & Mahindra Ltd.

Mumbai,  

India

Founded in 2008

Key Executives for Mahindra First Choice Services Limited

Chief Executive Officer
Age: 52
Compensation as of Fiscal Year 2016.

Mahindra First Choice Services Limited Key Developments

Mahindra First Choice Services Opens 7 Workshops in Gujarat by March 2017

Mahindra First Choice Services announced that it's strengthens its presence in Western India with the opening of seven Franchisee Owned Franchisee Operated workshops in Gujarat and plans to set up 40 workshops in Gujarat by March 2017. The company aims to expand its network to over 500 workshops by 2018 August 8, 2016, Ahmedabad.

Mahindra First Plans To Raise Funds

Mahindra First Choice Services Limited plans to raise funds for its service aggregator platform Carworkz.

Mahindra First Seeks To Sell

Mahindra First Choice Services Limited reported that it plans to sell a part of its stake to raise up to 2500 million and invest the proceeds in a startup whereby it plans to aggregate car servicing centres. The company is in the process of engaging an investment banker for fundraising and will be reaching out to venture capital and PE investors to sell a stake. The aim is to close a deal in 3 to 6 months.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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