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19 Oct
Minda Corporation Limited, incorporated in 1985, is the flagship company of Spark Minda and a leading Indian automotive components manufacturer with a pan-India presence and significant international footprint. The Company operates across six countries with 32 manufacturing facilities, supported by over 18,000 employees, two advanced R&D centres and seven engineering centres staffed by 900+ engineers . Its portfolio spans mechatronics and vehicle access systems, wiring harnesses and electrical distribution systems, driver information systems and sensors, die-casting components, and electric-vehicle and electronics solutions such as DC-DC converters, chargers and telematics units . The global footprint includes “two overseas plants (Vietnam, Indonesia) and six overseas offices across Japan, Germany, Poland, Italy, Uzbekistan and Hungary; in India, the network comprises 30 manufacturing facilities, three design offices and seven offices . The Company has 8 subsidiaries as on March 31, 2025 .
Key milestones in the latest year include investing over 4.3 Per cent of revenue in R&D and filing 30 new patents, taking total IPRs to over 300, alongside deeper localisation of connector components to reduce import dependence . Minda also earned ‘Great Place to Work’ certification for January 2025–January 2026 .
– Revenue by product/vertical (FY2024–25):
– Wiring and Harness: 28 Per cent
– Vehicle Access: 24 Per cent
– Clusters: 16 Per cent
– Die Casting: 16 Per cent
– Others: 16 Per cent .
– India: 88 Per cent
– South East Asia: 7 Per cent
– Europe & North America: 5 Per cent .
– Ashok Minda – Chairman & Group CEO .
– Aakash Minda – Executive Director .
– Vinod Raheja – Group CFO .
– Ajay Agarwal – President – Finance & Strategy .
– Ashim Vohra – Group Chief Operating Officer .
– Suresh D – Group Chief Technology Officer .
– Pardeep Mann – Company Secretary .
– Strategic investment: Acquired a 49 Per cent equity stake in Flash Electronics (India) Private Limited, effective January 15, 2025, for Rs 13,720 million. The partnership combines Minda’s body electronics with Flash’s engine and powertrain electronics to create an integrated EV platform; Flash reported EV products contributing 23 Per cent of its full-year revenue .
– Growth alliances: Entered a technical licence agreement with Sanco to enhance Electrical Distribution Systems for the EV market; formed a 50:50 joint venture with HCMF MOTOR CO., LTD (Hainan Free Trade Port, China) for automotive sunroof and closure systems .
– Capacity expansion: Four new manufacturing facilities are being developed—two in Die Casting, one in Instrument Clusters and one in Wiring Harness—to serve upcoming programmes and EV demand .
– Market traction: Secured multiple export orders for wiring harnesses totalling Rs 7,000 million in Q4; lifetime order wins during the year consistently featured 25–30 Per cent contribution from EV components .
– Capital raise: The Board approved issuance of 76,50,000 share warrants at Rs 550 each on March 28, 2025, with shareholder approval obtained on April 27, 2025 .
It manufactures a wide range of automotive components including mechatronics and access systems, wiring harnesses, instrument clusters, die-cast parts, and EV electronics such as DC-DC converters and chargers. Its solutions serve passenger vehicles, two- and three-wheelers, commercial vehicles and aftermarket customers .
. Minda operates across six countries with 32 manufacturing facilities, including two overseas plants and two overseas offices; in India, it has 30 plants, three design offices and seven offices . The Company has 8 subsidiaries as on March 31, 2025 .
Major moves included acquiring 49 Per cent of Flash Electronics to strengthen EV powertrain capabilities, signing a Sanco licence for EV-focused EDS, and forming a JV with HCMF for sunroof systems . The Company also advanced capacity with four new facilities and continued to win significant EV-linked orders .
