I. 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. Minda Corporation has 28 assembling offices situated across different parts of India including Maharashtra, National Capital Region, Tamil Nadu, Uttarakhand, Karnataka and Madhya Pradesh and 6 worldwide assembling offices in the Czech Republic, Poland, Germany, Indonesia, Mexico and Vietnam. Minda Corporation Ltd was joined in the year March 11, 1985, with the name Minda Switch Auto Private Limited for the assembling of Ignition Switches for the Indian Automotive Industry and is the leading organisation of Spark Minda Ashok Minda Group which was important for the recent Minda Group. Disclosure with regards to receipt of compensation: If you are interested in learning more and getting upskilled in digital marketing then check out IIDEs Online digital marketing course to know more. 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. Financial Data Source: Accord Fintech | Classifications such as banks and foreign portfolio investors were not available earlier. All Rights Reserved. A highly infectious third/fourth wave of COVID-19, leading to lockdowns or restricted mobility, could impact the business growth of all auto component manufacturers, due to reduced demand for new vehicles, as well as lower wear and tear of existing ones. They focus on mechanization solutions for the solid timber industry as well as on material conveyor systems for comparable industries, such as the automotive sector. https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14 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. Presently, NK Minda owns and operates Minda Industries Ltd and Ashok Minda is the owner of Minda Corporation Ltd. [2] Both the companies are listed on the exchanges. Opportunities are possible areas for a company to consider to improve results, sales, and, ultimately, profit. Amalgamation of the Transferor Companies into and with the Company shall result in consolidation of the businesses. Ready to dive in the profit pool? Spouse : Mrs. Akanksha Singh Please exercise caution and do your own analysis. ix. Noida, Uttar Pradesh - 201301, We love who we are and we are very proud to be the part of your business, A Leading Manufacturer of Automobile Components Spark Minda. Required fields are marked *. Before buying securities or applying in public offer, check for the research recommendation provided by your research Analyst. Also, local distributors like repairing centres and garages are selling duplicate two-wheeler suspension components in the name of Minda Corporation which is again another threat for the company. INTERGLOBE AVIATION LTD. 4.5%. Screener Built with in India, Disclaimer Copyright 2023 ETAuto.com. A. For oversix decades, Spark Minda (erstwhile MINDA Group)has a major presence inGlobal Automotive Industryand is one of the leading manufacturers of automotive components for the OEMs. Minda Industries Limited (MIL) is the flagship company of the UNO MINDA Group. 3. Vision and Mission Statements for investors 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. Begin by searching one of 2100+ Top Companies listed on NSE and BSE, You may also like the below Video Courses. To better understand the SWOT analysis of Minda Corporation, refer to the infographics below: Below is an explicit guide to the SWOT analysis of Minda Corporation. 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. 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. This will alert our moderators to take action. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. 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. 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Industry: Follow @ETAuto for the latest news, insider access to events and more. Dunia Dari Mataku: What makes a good LOGO BETWEEN . Both the companies are listed on the exchanges. Certificate Of Reconciliation Of Share Capital Audit For The Phone Number +91120.4787100. He has been a guest speaker at prominent colleges in India including IIMs[Read full bio], Your email address will not be published. The proposed merger will not result in expansion of equity capital or change in shareholding pattern of Minda Corporation, the company said. The product portfolio of different segments include: It is world's largest manufacturer of 2/3 . D. Details of grievance redressal mechanism and how to access it To provide research recommendation, based on analysis of publicly available information and known observations. Today, the company operates in various Strategic Product Families. Equity investments are volatile and high risk in nature. In addition it has a design office located in Japan.Minda Corporation Ltd is one of the largest suppliers of 2 wheeler 3 wheeler and Off Road vehicles Electronic & Mechanical Security System. - close price. Date : June 13, 2021 DIN: 00014942. difference between the top-quartile and bottom-quartile of all herd tested cows (i.e. During the year 2021-22 Company has acquired balance equity stake of 49% in Minda Instruments Limited (MIL). A letter may also be written with their query/complaint and posted at the below mentioned address: Minda Corporation Limited. Promoter holding has increased by 1.11% over last quarter. He is a Content Marketing Expert and has trained 6000+ students and working professionals on various topics of Digital Marketing. 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. - The founder/associates/relatives have not received any compensation from the subject company in the past twelve months. Minda Corporations threats include the following: This ends our complete SWOT analysis of Minda Corporation. Therefore MIL became wholly owned subsidiary of the Company w.e.f. It is a 70:30 joint venture company between Minda Group and Kosei International Trade and Investment Company Limited, Japan ("Kosei Japan"). Creating a dynamic business environment, this segregated and proactive approach evolves into a more productive business module. Minda Corporation Ltd is perhaps the biggest provider of 2 wheeler 3 wheeler and Off-Road vehicles Electronic and Mechanical Security System. Get all information on annual reports and results. - Gurgaon India, Economic Times - INDIAs BEST BOARD AWARDS 2020, Minda Industries conferred the 'Most Promising Company of the Year' Award at IBLA. A correlation of about +1.0 implies that the prices move in tandem. viii. VAST a global supplier of security/access control products for the motor vehicle industry will provide support to the JV for the locksets steering column locks latches strikers socket bows handles immobilisers passive entry start systems ignition switches hinges and power access.During the year 2015 the Company added new products such as MCL- Magnetic module lock set (mainly for scooters) Minda VAST- Electric steering column lock identifier Passive entry Door handle Latches and MASL- Control cables CDI Filters Wiper blades Ingnition coil Regulator Rectifier.The Company acquired 100% stake in Panalfa Autoelektrik Limited (PAL) with effect from 4 April 2016 after closure of the financial year under review. 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