NSEPress Release18 Jun 2026 · 18 Jun 2026, 06:07 pm
Press Release
Mahindra Lifespace Developers Limited · MAHLIFE
✦ AI Summary▲ PositiveExpansion
Mahindra Lifespace Developers Limited's joint venture, Origins by Mahindra, Chennai, has signed YKK India as the latest addition to its growing ecosystem of global manufacturers. YKK India will establish a new manufacturing facility at Origins by Mahindra, Chennai, with an investment of USD 150 million. The facility is expected to be completed by February 2028.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Mahindra Lifespace Developers Limited has informed the Exchange regarding a press release dated Jun 18, 2026, titled "Origins by Mahindra, Chennai signs YKK India as the latest additionto its growing ecosystem of global manufacturers".
Attachments (1)
📄pdf
Download →
MAHLIFE1_18062026180652_PressReleaseIntimation_BPsg.pdf
View document text
18th June 2026
BSE Limited National Stock Exchange of India Limited
Corporate Services, Exchange Plaza,
Piroze Jeejeebhoy Towers, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai 400051
Security BSE NSE ISIN
Equity Shares 532313 MAHLIFE INE813A01018
Sub: Press Release
Dear Sir / Madam,
Please find attached herewith the Press Release regarding Mahindra Industrial Park Chennai
Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo
Corporation of Japan, announcing that YKK India Private Limited, the Indian subsidiary of YKK
Corporation will establish a new manufacturing facility at Origins by Mahindra, Chennai.
The press release is self – explanatory. The press release will also be disclosed on the website
of the Company at http://www.mahindralifespaces.com.
Thanking You,
For and on behalf of
Mahindra Lifespace Developers Limited
Bijal Parmar
Company Secretary and Compliance Officer
Encl: as mentioned above
Origins by Mahindra, Chennai signs YKK India as the latest addition
to its growing ecosystem of global manufacturers
Chennai, June 18, 2026: Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between
Mahindra World City Developers Limited and Sumitomo Corporation of Japan, announced that YKK
India Private Limited, the Indian subsidiary of YKK Corporation, will establish a new manufacturing
facility at Origins by Mahindra, Chennai. According to YKK India, this will be the third manufacturing
plant in the country and will be spread across approximately 149,936 square metres with total
investment amount of USD 150 million within the integrated industrial cluster. The facility is expected
to be completed by February 2028.
With YKK India joining a growing roster of global manufacturers including Mitsubishi Electric, Yanmar
and Omron, Origins by Mahindra, Chennai continues to strengthen its position as a preferred
destination for international manufacturing investments in India.
YKK India is a leading manufacturer and supplier of fastening products, serving the apparel, textile and
industrial sectors across India and international markets. The new facility, designed as a state-of-the-
art facility integrating YKK’s advanced technologies, will support growing domestic demand and
export-oriented manufacturing markets. It will benefit from a future-ready industrial ecosystem at
Origins by Mahindra, offering world-class infrastructure, plug-and-play facilities, sustainability-enabled
ecosystem, and strong connectivity. These advantages support efficient operations, streamlined
supply chains, and long-term manufacturing growth.
Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespace Developers Limited, said, “We
are delighted to welcome YKK India to Origins by Mahindra, Chennai. The addition of another globally
respected manufacturer to our ecosystem reflects the growing confidence of international companies
in India's manufacturing capabilities and long-term growth potential. As businesses diversify supply
chains and expand manufacturing capabilities to serve both domestic and export markets, they are
increasingly seeking destinations that can support scale, operational excellence and long-term growth.
YKK India's investment further strengthens Origins by Mahindra's position as a preferred destination
for global manufacturing investments and reinforces our commitment to enabling high-quality
industrial growth in the country.”
Origins by Mahindra, Chennai is strategically located on NH16 and lies within the influence zones of
the Chennai–Bengaluru Industrial Corridor (CBIC) and the Chennai–Visakhapatnam Industrial Corridor
(CVIC). The industrial cluster offers strong connectivity to key industrial hubs, ports, and logistics
infrastructure, enabling efficient operations for manufacturing-led businesses.
About Origins by Mahindra, Chennai
Origins by Mahindra, Chennai is an integrated industrial development of Mahindra Lifespace
Developers Ltd., part of the Mahindra Group. Established in 1994, Mahindra Lifespaces brings the
Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure development.
Origins by Mahindra, Chennai is being developed through a joint venture between Mahindra World
City Developers Limited, Chennai, a public‑private partnership between the Mahindra Group and
TIDCO (Tamil Nadu Industrial Development Corporation), and Sumitomo Corporation, Japan.
The development spans approximately 600 acres, with the first phase covering about 307 acres. An
additional 134 acres is being added as part of the new phase. Origins Chennai is designed as a
Multi‑Sector Domestic Tariff Area (DTA) and features an IGBC Platinum pre‑certified Industrial Cluster,
reinforcing its commitment to sustainable and future‑ready industrial infrastructure. Strategically
located on NH‑16 (Chennai–Kolkata Highway), part of the Golden Quadrilateral, Origins Chennai offers
excellent road connectivity. It also lies within the influence zones of the Chennai–Bengaluru Industrial
Corridor (CBIC) and the Chennai–Vizag Industrial Corridor (CVIC), providing strong access to key
industrial markets, ports, and logistics networks.
Through the ‘Origins by Mahindra’ and ‘Mahindra World City’ platforms, Mahindra Lifespaces develops
integrated cities and industrial clusters that support long‑term industrial growth and robust business
ecosystems.
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation
of companies with 324,000 employees in over 100 countries. It enjoys a leadership position in farm
equipment, utility vehicles, information technology and financial services in India and is the world’s
largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics,
hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling
rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of
communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For
updates subscribe to https://www.mahindra.com/news-room
About YKK
The YKK Group is currently engaged in business in approximately 70 (seventy) countries / regions around the
world. The global business is carried out with YKK Group companies of each region playing a leading role and
making the most of their respective regional characteristics.
Date of Incorporation - January 1, 1934
President - Koichi Matsushima
Head Quarters (YKK Corp;)- 1, Kanda Izumi-cho, Chiyoda-ku, Tokyo 101-8642, Japan
Head Quarters (YKK Corp; Kurobe)- 200, Yoshida Kurobe-shi, Toyama 938-8601, Japan
Affiliated Companies Worldwide;
Countries / Regions - 70
Number of Companies - 118
Japan - 22
Overseas - 96
Number of Locations - 513
Japan - 213
Overseas - 300
Number of Employees;
46,605
Japan – 18,468
Overseas – 27,837 (As of March 31, 2025)
YKK India Pvt. Ltd.,
(Cin No; U74899DL1995PTC072725)
The YKK India Pvt. Ltd., wholly owned subsidiary of YKK Corporation Japan, incorporated in India on
26-09-1995, having its Regd., office at New Delhi. The company have two integrated state of art
manufacturing facilities located at Bawal Haryana. The Company has its presence in twelve major cities
of India and three liaison office by the name of YKK India Pvt. Ltd., at Nepal (Kathmandu). Jordan
(Amman) and Dubai.
Date of Incorporation - September 26, 1995
President / MD – Mr. Jin Deguchi
Director and Factory Manager – Mr. Hirohisa Saida
Head / Corporate Office - Global Business Park, 3rd Floor, Tower-A, Mehrauli, Gurgaon Road,
Gurugram, Haryana-122002, India
Factory 1 & 2 – Plot no., 699, Sector-2, Plot no., 122, Sector-6, HSIIDC Growth Centre, Bawal, District-
Rewari, Haryana-123501, India
Number of Employees (Consolidated); above 2000