Motherson Sumi Systems Limited
Motherson Sumi Systems Limited (MSSL) was established in 1986 and is part of the Motherson Group. Motherson Sumi Systems Ltd. is a joint venture between Samvardhana Motherson International Ltd of India and Sumitomo Wiring Systems Ltd. (SWS) of Japan. Motherson Sumi Systems is one of the largest manufacturers of wiring harnesses for commercial vehicles and rear-view mirrors for passenger cars in the world.
It is also a leading supplier of plastic modules and components in Europe and India. Motherson Sumi Systems is currently the largest auto parts provider in India and was listed among the Fab 50 companies of India by Forbes magazine. It has been ranked as the No. 1 auto ancillary in India for seven consecutive years by Fortune India 500.
MSSL thrust areas of CSR: Skill Development and Vocation based education, Livelihood Enhancement, Waste Management and Sanitation, Environmental sustainability, Women and youth empowerment, Disaster relief and National Missions.
Motherson sustainability philosophy focuses on the three areas of Environment: Preserving the planet (Environmental impact and climate change, Product, materials and technology and Responsible value chain), Social: Ensuring well-being and opportunities for all (Community and corporate citizenship, Diversity, equal opportunities and people development, Health, safety and welfare) and Governance: Fostering long term growth in an ethical way (Compliance, In-organic growth and strategic investment and Risk management and cyber security).
Covid-19 Response:
Motherson is leading multiple initiatives to help the world come out on the other side stronger. This includes activities such as distributing daily meals, as well as working with individual governments to support their local initiatives. In addition, Motherson is also working closely with their customers to support the manufacturing of medical devices. This includes supporting OEMs in the production of ventilators, supplying spray guns for sanitizing and producing oil free compressors for medical use.
Their shareholding pattern consists of Promoters and Promoter Group having 61.73% of shares, Public having 8.39% shares following by FII’s having 16.86% shares and DII’s with 13.02% shares.
