Minda Industries Limited

Minda Industries Limited (MIL) is the flagship company of the UNO MINDA, NK Minda Group and is among the leading manufacturers of automotive components in India. The US $445 Million Group, with a workforce of more than 16,000 is catering to the leading Passenger Vehicle, Commercial Vehicle, Motorcycle & Scooter, Off-road Vehicle & Tier 1 Manufacturers in India with presence in Indonesia, Vietnam, Uzbekistan, U.S.A., and Japan. They also serve to after market segment in India through a strong dealer distributorship of about 450 dealers.               

The company started its operations with automotive switches and diversified into several new product lines. It has a diversified product portfolio comprising switches, horns, CNG/LPG kits, lighting, batteries, fuel caps, and renewable and energy efficient devices, among others.   Currently, MIL has registered 60 designs and has 37 patents.                                                                                  

MIL has 14 manufacturing facilities across seven locations in the country. The company exports its products to more than 19 countries across the globe.                                                            

Company being a responsible citizen believes in providing equal opportunities to all its employees and all Qualified applicants for employment without regard to their race, caste, religion, colour, ancestry, marital status, gender, sexual orientation, age, nationality, ethnic origin, or disability.         

For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 2,247.17 Crore, up by 9.73% from last quarter Total Income of Rs 2,047.81 Crore and up 48.64% from last year same quarter Total Income of Rs 1,511.76 Crore. Company has reported net profit of Rs 142.35 Crore in latest quarter. The Board of Directors decided to recommend a Final Dividend @ Rs.0.50 per equity share of Rs. 2 each for the financial year 2020-21.        

The results of Q4 for MIL were exhilarating.