Our Investors, our believers
Since May 2021, the global leader, Mahindra & Mahindra has taken over the complete ownership in Meru. Now Meru forms a key part of Mahindra’s compelling strategy to scale its businesses in the shared mobility space as we continue to offer a wide array of mobility services to individuals as well as corporate and business houses across India. Meru, with its undeterred promise of reliability and trusted service, shall continue to evolve, innovate and Rise.
Prior, True North got our wheels accelerated in 2006 when the company first invested in Meru and India’s first historic fleet of air-conditioned, GPS-linked, e-metered taxis’ was introduced in Mumbai. From an initial 45 cabs in the home city, Meru expanded its operations to three other cities– Delhi, Hyderabad, and Bengaluru in 2008. Having served millions of customers over 20 years, Meru is one of India’s most trusted cab service providers.
About Mahindra 
The Mahindra Group, a USD 19.4 billion, is a federation of companies that enables people to rise through innovative mobility solutions, drive rural prosperity, enhance urban living, nurture new businesses, and foster communities.
It enjoys a leadership position in utility vehicles, information technology, financial services, and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats, and steel, amongst other businesses. Headquartered in India, Mahindra employs over 256,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise.
About True North
True North founded with a view towards investing in mid-sized, profitable, India-centric businesses, and then transforming them into world-class industry leaders that are built upon the foundation of strong values. Over the last two decades, True North has US $ 1.5 bn across 50+ businesses. It has successfully transformed many of these companies into large businesses that are valuable, enduring, and socially responsible, creating immense value for all stakeholders.
For more details, visit www.truenorth.co.in.
