Mahindra & Mahindra (M&M) announced on April 23, 2026, that its patent portfolio has grown more than 20 times over the past decade, marking a significant milestone in the company's innovation journey.
According to a press release filed with the National Stock Exchange and BSE Limited, the cumulative number of patents granted to M&M rose from 56 in FY16 to 1,334 in FY26. The company's total cumulative patent applications stand at 2,728 as of March 2026.
The conversion rate of patent applications, a key indicator of the quality and viability of innovations, improved substantially from 8% in FY16 to over 65% for applications filed over the last decade.
Of the 1,334 granted patents, 60% are linked to M&M's Automotive Business, while the remaining 40% relate to its Farm Business. The portfolio also includes filings by subsidiary Mahindra Electric Automobile Ltd.
The company attributed this growth to expanding R&D capabilities and its alignment with India's 'Make in India' initiative. Over the past year, M&M received several industry recognitions, including the CII IP Award for Best Patent Portfolio, the CII Innovation Award as one of India's Top 50 Innovative Companies 2025, and the Questel IP Excellence Award, among others.
Founded in 1945, Mahindra Group employs approximately 324,000 people across more than 100 countries and holds a leadership position in farm equipment, utility vehicles, and financial services in India.