It is world's largest manufacturer of 2/3 . Learn how your comment data is processed. Now, India's leading player in the automotive components industry is none other than Minda Corporation (or Spark Minda). Scores portal. Minda Corporations business model is the issue to address which can get easily copied by its competitors. II. The group is a global player in the automotive sector with overseas manufacturing facilities in 8 countries; Indonesia, Vietnam, Thailand, Spain, Mexico, Morocco, Colombia and Germany, along with design offices in Taiwan, Spain and Germany. Minda Corporation devotes significant resources to employee training and development, resulting in a team that is not just highly competent but also driven to attain greater success. Please refer to the list of all SEBI registered Research Analysts which is available on SEBI website in the following link: Village - Nawada, Fatehpur P.O. Minda Infac Private Limited.During the year 2021-22 Company through its wholly owned subsidiary Spark Minda Green Mobility Systems Private Limited has entered into definitive agreements with EVQPoint for acquiring equity stake which was founded in 2019. During the year 2019 the investment of the Company in its joint venture company Furukawa Minda Electric Private Limited (Formerly Known as Minda Furukawa Electric Private Limited) has been reduced and the present shareholding of the Company in the said JV is 25%. Minda Management Services Limited Minda SAI Limited Minda Automotive Solutions Limited Minda Autoelektrik Limited and Minda Telematics and Electric Mobility Solutions Private Limited (Transferor Companies) into the Company. Do not get attracted to limited period discount or other incentive, gifts, etc. Minda Corporation was founded in Delhi by Shri S. L. Minda in 1958. Clarification sought from Minda Corporation Ltd. Get your daily dose of business updates on WhatsApp. Financial Data Source: Accord Fintech | For over sixty years, Spark Minda (earlier Minda Corporation) has had a significant presence in the global automotive industry and is one of the main makers of auto parts for the OEMs. Inform SEBI about Research Analyst offering assured or guaranteed returns. The proposed merger will not result in expansion of equity capital or change in shareholding pattern of Minda Corporation, the company said. You can expect a reply within 10 business days of approaching research analyst. The Company manufactures automotive switching systems; automotive lighting systems; automotive acoustics systems, automotive seating systems, and alloy wheels in India. Stock Radar: This financial services company breaks out from a 6-year corrective phase; time to buy? SEBI Registered Research Analyst Registration No : INH000007377 | C. Details of services provided to investors Minda Corporations weakness is an area where he can improve. The company is a diversified company with a product portfolio encompassing from mechanical & electronic security system door system electronic controllers for electric vehicles plastic interiors and for auto OEM's across the Globe. During the year 2021-22 Company has acquired balance equity stake of 49% in Minda Instruments Limited (MIL). India's sales of new vehicles totaled at least 4.25 million units, based on preliminary results, topping the 4.2 million sold in Japan. However, the company has outperformed its rival competitors with its incredible marketing efforts in branding. As we can see, Minda corporation has huge potential owing to its consistent performance and prestige as an old brand in India. Last Funding Type Private Equity. We offer support for our customers Mon - Fri from 8:00am - 6:00pm (GMT +5:30), MCL - Group Corporate Office -We will select and choose only few best entries which have all the details. Minda Corporation Limited is a diversified automotive components manufacturer with a product portfolio that encompasses Safety, Security and Restraint Systems; Plastic Interior Systems and Driver Information & Telematics Systems for auto OEMs across the globe. Correlation Between MINDA INDUSTRIES and MINDA CORP .. As its name suggests, the S&P 500 is made up . - The founder/associates/relatives have not received any compensation for investment banking/merchant banking/brokerage services/other products & services from the subject company in the past twelve months. D. Details of grievance redressal mechanism and how to access it Pre-configured baskets of stocks & ETFs that you can invest in with a single click. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. III. 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. These strengths not only help it retain market share in existing areas but also help it break into new ones. Sites of MINDA Group. 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. Its total debts and liabilities are more than some of its competitors (such as Suprajit engineering) as per. It is the flagship company of Spark Minda, which was part of the erstwhile Minda Group.[1]. Get Minda Corp Share Price, Live Stock Price NSE/BSE with Historical Price charts, F&O Quote of Minda Corp, Experts & Broker buy and sell recommendations on Minda Corp. Get Minda Corp detailed scorecard on quality rank, stock valuation, current financial trend score, news, announcements, financial data, fundamentals, corporate action, company information and profile, annual report, balance . The Rs 380 crores group, with a labour force of more than 16,000 is taking special care of the main passenger vehicle, commercial vehicle, motorcycle and scooter, off-street vehicle and tier 1 manufacturers in India with a presence in Indonesia, Vietnam, Uzbekistan, Japan and the U.S.A. The commercial production in the new plant started in the 2nd quarter of FY2018. - Mechatronics - ignition switch cum steering locks, smart key systems, mechatronics handles, immobilizers systems, aluminum high-pressure die casting, and compressor housing.[1]. We . Auto Ancillaries, Consolidated Figures in Rs. Minda Corporation is looking to acquire a component maker. Hundreds of thousands of businesses now use digital marketing to reach a considerable number of people because it is easier and more cost-effective than other traditional ways. List of Associates/Relatives: Back to Companies of the MINDA Group Do you have any questions regarding this topic? The merger, subject to necessary statutory and regulatory approvals, is expected to be completed over the next six to eight months, Minda Corp said in a statement. iv. Let us conclude our learning below. 1W. 20 Crore. Minda Corp can use this trend to cater to various segments of the population. + READ MORE Joint Ventures We have joint ventures and alliances with technology leaders in Automotive Space. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Minda Corp foresees good potential of growing its wiring harness and die-casting business overseas and catching up with competitors in due course of time. The synergies ensure localization of world class products for OEMs. Minda Corporation Ltd. (MINDACORP) - Company History. In case of any grievance / complaint, an investor should approach the concerned research analyst and shall ensure that the grievance is resolved within 30 days. 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. Get all information on annual reports and results. If the company starts investing more capital to boost itself and to be in sync with the latest developments in tech, the company can have a bright future! Before buying securities or applying in public offer, check for the research recommendation provided by your research Analyst. Promoter holding has increased by 1.11% over last quarter. During FY 2016 the Company launched new advanced product line for 2 wheelers and 4 wheelers which includes high value products such as oil-dipped ready to install clutch plates brake shoe for 2 wheelers and automotive filters.During the year 2018 the Company completed the setting up of its 3rd Die-Casting Plant at Chakan Pune. Check out our Free MasterClass on Digital Marketing 101 by Karan Shah, the CEO and Founder of IIDE. Copyright @2023 UNO Minda. All Rights Reserved. Each country has a different set of rules and regulations regarding the transportation of goods. Consequently Minda Furukawa Electric Private Limited has become a subsidiary of the Company with effect from 1 October 2014.During the year 2015 the Company set up a new plant in Czech Republic under Minda KTSN Germany. Sector: The new XBRL format added more details from Sep'22 onwards. The information on this site is for educational purposes only and is not investment/trading advice/research and may be delayed. viii. Minda Corporation Ltd is perhaps the biggest provider of 2 wheeler 3 wheeler and Off-Road vehicles Electronic and Mechanical Security System. Minda Corporation Ltd was incorporated in the year March 11th 1985 with the name Minda Switch Auto Private Limited for manufacture of Ignition Switches for Indian Automotive Industry and is the flagship company of Spark Minda Ashok Minda Group which was part of erstwhile Minda Group. By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. Aluminium and steel are the major raw materials for the company. 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