India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 137 Advertorial Minda Industries Limited Background Minda Industries Ltd (MIL), flagship company of the UNO MINDA Group, was incorporated in 1992 as a manufacturer of automobile components. UNO MINDA is a leading global supplier of complete automotive components to the 2W, 3W, 4W and off- highway segments. The product offerings vary across switching systems, lighting systems, acoustic systems, alloy wheels, die casting,blow moulding, alternate fuel systems to high end electronics, RPAS & ADAS systems, amongst others. With a product portfolio of more than 20 products, UNO MINDA Group is a leading Tier- 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs) across India and the world. On a consolidated basis, the Group operates 56 manufacturing plants across five continents with eight research and development centres. Business Profile MIL engages in the manufacture of auto electrical parts such as switches, handle bars, automobile lamps, signaling devices, horns, alloy wheels, fuel tank caps and other electronic components for automobiles. a) Switch & Handle Bar Systems : The company is amongst the top domestic manufacturers of switching systems and handle bar system solutions for two/ three-wheelers, serving almost all major OEMs. MIL also develops switching solutions for off-road vehicle segments. The division operates through five plants across India and through manufacturing facilities of its wholly-owned subsidiaries in Indonesia and Vietnam. MIL also operates a design office in Japan to design and develop latest switching solutions. Honda Motorcycles, Hero Motocorp, Royal Enfield, Yamaha Motors and Piaggio are among the company’s marquee clients. b) Sensors Actuators and Controllers : Established in 2005, this division operates through a production facility at Pune to manufacture products such as start-stop sensors, contact and non-contact type speed sensors, HID ballast, tyre pressure monitoring system, electronic accelerator pedal module, DC-DC converter and head lamp leveling motors, etc. Some of its premium clients include General Motors, Mahindra, Volvo Eicher, Royal Enfield, Tata and Bajaj. c) Lighting solutions : MIL specializes in designing, R&D, manufacturing and delivering end-to-end solutions to domestic OEMs. This division operates across its plants at Pantnagar, Sonepat, Manesar and Pune to manufacture premium lights for two- wheelers, three-wheelers and four-wheelers as well as off-road vehicles. Client base includes Maruti, Renault, Nissan, Royal Enfield, Yamaha and others. d) Acoustics : This division caters to two/four wheeler, off-road and commercial vehicles, with manufacturing units at Manesar and Pantnagar. Maruti Suzuki, Renault, Nissan, Tata Motors, Bajaj Auto Ltd, Honda Motorcycles and Scooters, etc. e) Alloy Wheels : Minda Kosei is one of the leading manufacturers of alloy wheels. It has a manufacturing facility at Bawal, Haryana with a current installed capacity of around 180,000 wheels per month. f) Fuel Caps : This division manufactures fuel tank cap for four-wheelers. Subsidiaries & Joint Ventures As of Mar 31, 2018, the company has 15 direct subsidiaries, seven step-down subsidiaries and four associates including two partnership firms. In addition, the company has six joint-venture companies. During FY18, the company entered into an agreement with TTE, Taiwan to manufacture advance driver assist systems (ADAS). It also joined hands with SENSATA Technologies USA for high-end sensors for BS VI Application. Furthermore, MIL launched its first flagship center for advance technologies called CREAT (Center for Research, Engineering and Advance Technologies) during the year. Financial Snapshot (In ` mn) Total Income 19,421.9 Net Profit 1,358.3 Networth 9,699.0 Ratios NPM (%) 7.0 RONW (%) 14.0 Current Ratio (times) 1.1 (As on Mar 31, 2018) Management Details Chairman & Managing Director Mr. Nirmal K Minda Non-Executive Director Mr. Anand K Minda Independent Directors Mr. Alok Dutta Mr. Satish Sekhri Ms. Renu Challu Address & Website Registered Office B-64/1, Wazirpur Industrial Area, New Delhi – 110052 www.unominda.com Mr. Nirmal K Minda Chairman & Managing Director Dun & Bradstreet D-U-N-S® No 91-810-3649 Top 500 Ranking Income 380 Net Profit 324 Networth 369 Dun & Bradstreet