Minda Corporation Ltd

BSE: 500479 | NSE: MINDACORP | ISIN: INE842C01021 
Market Cap: [Rs.Cr.] 1,860.68 | Face Value: [Rs.] 2
Industry: Auto Ancillaries

Company Profile

Minda Corporation Ltd is one of the largest suppliers of 2 wheeler, 3 wheeler and Off Road vehicles Electronic & Mechanical Security System. The company is a diversified company with a product port folio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe. The company also manufactures Die Casting Parts and high class Surface Finishing parts for auto and consumer durable industry. They supply their products to Indian OEM's and exports about 20% of their products to USA, UK, Europe & South East Asia and ASEAN countries. The company is headquartered at Noida. The company is the only company in India to have their own patented Magnetic Shutter for 2 wheeler application. They design & manufacture Immobilizers for 2 wheel vehicle applications and also has patent for Immobilizer application for vehicles operating with drained or no battery condition. They are also the first company in India to develop a controller for E Bikes. The company has a state of the art Surface Finishing Division which is capable of plating Nickel, Chrome, Copper, Brass, Electrophoretic Lacquering, Powder & Wet painting facility to give any type of finish to their products. They have their Die Casting Division, which develops Aluminium & Zinc Die Cast parts not only for Captive consumption but also for other Tier 1 & OEM customers in India and abroad. Minda Corporation Ltd was incorporated in the year 1985 with the name Minda Switch Auto Private Limited for manufacture of Ignition Switches for Indian Automotive Industry. In the year 1996, the company joined hands with Huf Hulsbeck Furst GmbH & Co. KG, Germany and became a Joint Venture Company known as Minda Huf Ltd. Initially, they started making Ignition Switches for the service market. During the year 2003-04, the company introduced Electronic Security System to various OEM's and launched their products for Tata Motors, Mahindra & Mahindra, Hyundai and Hero Honda. They also launched their products in the replacement market. During the year 2006-07, the company terminated the joint venture agreement with Huf Hulsbeck & Furst GmbH & Co. KG, Germany with effect from October 28, 2006. Accordingly, the name of the company was changed from Minda Huf Ltd to Minda Corporation Ltd with effect from March 28, 2007. In the year 2007, the company diversified into manufacturing of Door System in order to cater to the Indian OEM's expectation of European technology with technical assistance from Castellon SA of Spain for design & manufacturing of Window Regulators. In April 2, 2007, the company hived off their 4-wheeler Security System Business in order to expand the business of the company into new product lines. Also, they started commercial production from their new plant at Pantnagar in Uttarakhand. In April 22, 2007, the company acquired 100% ownership of KTSN Kunststoffechnik Sachsen GmbH & Co. KG in Germany, a limited liability partnership, engaged in manufacturing of interior plastic moulded parts and supplying to major OEM's such as Volkswagen, Daimler, BMW etc. This acquisition has resulted in availability of latest technology in the field of interior system and expanding of customer base in European market. During the year 2007-08, the company entered the business transfer agreement with Minda Sons (Partnership Firm) and acquired the whole undertaking of Minda Sons situated in Pant Nagar, Uttarakhand, as going concern with effect from February 1, 2008. During the year 2008-09, the company acquired the manufacturing units of Minda S.M. Technocast Ltd engaged in the business of die-casting of manufacturing of automotive components located at Pune and Greater Noida and one manufacturing unit of Tuff Surface Finishing Pvt Ltd located at Greater Noida with effect from April 01, 2009. During the year 2009-10, the company acquired the die casting, surface finishing and other market business for four wheelers. They started their Plastic Division with the support of their group companies in Europe. Also, they established a Design Centre in Tokyo, Japan in association with the group companies in order to develop high quality products for Japanese OEM's. The company is planning to introduce new range of products such as Wiper System for four wheelers and e-Bike Controllers for BLDC motors both for OEM and after-market in India and abroad. They are in the discussion with the prospective foreign collaborators for the technological and financial upgradation of their existing product range, introduction of new range of components, considering the future demand from automakers in India and abroad.

Futures & Options Quote
Future Data Not present
Key Information

Key Executives:

Sunil Behari Mathur , Additional Director

Ashok Minda , Chairman & CEO

A P Gandhi , Director

Rakesh Chopra , Director

Company Head Office / Quarters:

36 A Rajasthan Udyog Nagar,
New Delhi,
New Delhi-110033
Phone : New Delhi- / New Delhi-
Fax : New Delhi- / New Delhi-
E-mail :
Web : http://www.minda.co.in


Skyline Financial Services Pvt
D-153/A 1st Flr ,Okhla Industrial Are,Phase-I ,New Delhi-110020

Fund Holding
Scheme Name No. of Shares
Mon Tue Wed Thu Fri Sat Sun
26 27 28 29 30 31 01