Mahindra & Mahindra (M&M) will be investing Rs 1,700 crore which will be spent towards creating an entertainment destination at Kandivali. The company is exploring to set up a unique film-centric entertainment destination at Kandivali in the city as Mumbai is the heart of Hindi film industry. This will create hundreds of direct and indirect jobs.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.