UNO Minda Ltd. (Formerly Minda Industries Ltd.)
Company Profile
Business Overview
-A tier-1 supplier in India supplying to OEMs globally. The group's flagship company is Minda Industries Limited.
- The company is a leading manufacturer of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels.
-Supplies lights, switches, horns, castings, seats, etc. to motorcycles, commercial vehicles, etc. in India and overseas.
-The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, and Mexico, as well as R&D Centres in India, Germany & Spain. It has over 73 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufacturers from Germany, Korea, Japan etc
-Minda Industries Limited's businesses and their respective market shares are as follows (as announced by the company)
| Business | Details | Customer | Market share | Percentage of total company sales for the fiscal year ended March 31, 2023 |
| Lighting | Providing lighting solutions for motorcycles, tricycles, ATVs, off-road and aftermarket markets -Acquired Spain's Rinder Group in 2016 -Acquired Delvis, an automotive lighting solutions company, in 2020 |
-Maruti Suzuki -Renault Nissan -Mahindra & Mahindra -Royal Enfield -Yamaha -Tata Group -Suzuki -Swaraj Mazda -New Holland -Bajaj、Triumph -KTM -Isuzu |
India’s 3rd largest Automotive Lighting Player | 23% |
| Switches | Mainly manufactures switch systems and handlebar assemblies for motorcycles and tricycles. For automobiles, the company supplies products through a joint venture with Tokai Rika (Mindarika Private Limited). |
-Bajaj -Honda Motorcycles -Hero MotoCorp -Royal Enfield -Yamaha Motors -Piaggio -Maruti Suzuki -Toyota -MSIL -Tata Group -Mahindra & Mahindra -Hyundai |
Ranked first in India for two-wheeled, three – wheeled, and four-wheeled off road and commercial vehicles | 29％ |
| Acoustics | Manufactures horns for motorcycles, automobiles, off-road and commercial vehicles -Acquired Clarton Horns, a Spanish manufacturer of electronic horns for automobiles, in 2013 |
-Maruti Suzuki -Renault -Nissan -Tata Motors -Bajaj Auto Limited -Honda Motorcycles and Scooters -Hyundai -Royal Enfield |
No. 1 in Horns in India and 2nd largest Horns Player globally | 7％ |
| Castings | Subsidiary Minda Kosei Aluminum manufactures alloy wheels. -Partnering with Korea's Dayou Global to supply wheels to Korean OEMs by 2022 - Acquired remaining stake in MKA becomes 100% subsidiary |
- | The company is the market leader of Alloy Wheels in PV segment in India | 19％ |
| Seats | Merged with Harita Seating Systems Limited (HSSL) to expand the business field of automobile seats. -JV with TACHI-S Company Limited in September 2022 for manufacturing of seat recliners for 4W PV in India. |
-TVS -Royal Enfield -TAFE -Daimler -John Deere -TATA |
No. 1 in India, supplying to commercial vehicles, buses and 2-wheelers | 9％ |
| Others |
Start-stop sensors, contact and non-contact type speed sensors, TPMS (Tyre Pressure Monitoring System), EAPM (Electronic Accelerator Pedal Module), DC-DC converters, headlight leveling motor, blow molding, fuel caps, air filters, air bags, CNG and LPG kits, speakers, and infotainment, among others. |
- | - | 13％ |
Shareholders
-Listed on the Bombay Stock Exchange and the National Stock Exchange of India (As of March 31, 2023)
| Name or Company name | Investment Ratio (%) |
| Promoters and Promoters Group | 70.06 |
| Mutual Funds/UTI | 15.69 |
| Foreign Portfolio Investors | 6.30 |
| Public | 5.25 |
| Others | 2.70 |
Products
Lighting Division
- Automotive Lighting
- 2Wheeler Lights
- DC DC Converter
- Lamps (Off road and CV)
Acoustic Division
- Automotive Horns
- Horns
- Off Board Chargers
- Battery Management Systems
- Battery Pack
- Traction Motor
- Smart Plug
Seating Division
- Seat Head Rest and Arm Rest
- Automotive Seats (2Wheeler and 4Wheeler)
Sensor and Controllers
- Automotive Wireless Charger
- Sensors
- Actuators (2W EV)
- Telematics & Connected Solutions
- Intelligent Transport Systems
Casting Division
- Fuel Caps
- Die Casting Components
Alloy Wheels (2W Division)
- Alloy Wheels
Switch Division
- 2Wheeler Switches
- Heated Grips
- Customized Switches
- Combined Braking System
- Relay
- Noise Supressor Cap
- USB Charger
- Handlebar Assembly
- Switch
- Telematics
- Combination Switch
- Lever Combination Switches
- FNR Switch
- Multi-Mode Drive Switch
ADAS Division
- Motor Controller
Kosei Minda Aluminum Company Private Limited
- Alloy Wheels
- Precision Aluminium Die Casting Parts
Kosei Minda Aluminum Wheels Private Limited
- Alloy Wheels for Passenger Cars
Kosei Minda Mould Private Limited
- Tools, Dies and Moulds for Alloy Wheels
Denso Ten Private Limited & Minda D-Ten Private Limited
- Infotainment Systems
- Speakers
- Cameras
- Audio systems
- Multimedia
- Antenna Amplifiers
- Audio Video Navigation systems
Uno Minda Kyoraku Limited
- Air Ducts & Washer Bottle
- Spoilers
- EA Pad
- IP Duct
- Roof Duct
- Deck Board
Uno Mindarika Private Limited
- Wheel Cover
- Cigarette Lighter and Socket Assembly
- Automotive Switches
- Lever Combination Switches
Tokairika Minda India Pvt. Ltd
- Seat Belts
- Automobile Control Systems
- Shifters
Toyoda Gosei Minda India Private Limited
- Air Bags
- Fuel Cap
- Weather-Strip Sealing Parts
Uno Minda Katolec Electronic Services Private Limited
- Actuators
- Controllers
- Advanced Sensors
- Printed Circuit Boards (PCB)
- Box Build Assemblies
Minda Westport Technologies Limited
- Alternate Fuel Systems – CNG and LPG kits
Minda TG Rubber Private Limited
- Brake Hoses
- Fuel Hoses
Roki Uno Minda Company Private Limited
- Air Filtration Systems
- Canisters
- Automotive Air Intake Systems
- Carbon Canisters
- Intake Manifolds & Power Steering Fluid Filters
- Automatic Transmission Fluid Filters
- Power Steering Fluid Tanks
Uno Minda Tachi-S Seating Private Limited
- Seat Recliners (4Wheelers)
Minda Storage Batteries Private Ltd
- 2-wheeler Batteries
Harita Fehrer Ltd
- Seat Head Rest and Arm Rest
- Seats (2-Wheeler and 3 Wheeler)
- Polyurethane (PU) foam pads
- PU composites
- MCU and interior modules
Minda Onkyo India Private Limited
- Speakers & Related Audio Technologies
Clarton Horns
- Automotive Horns
Minda Industries Vietnam Company Limited
- Automotive Switches
- Horns
- Lamps
PT Minda ASEAN Automotive
- Electrical Switches
- Powers Sockets
- Lever Holder Assembly
- Horns
- Lightings
Uno Minda Buehler Motor Private Limited
- Traction Motors/BLDC Motors (EV 2-Wheeler and 3-Wheeler)
Uno Minda Systems Gmbh
- Lighting Systems
- Electronic Control Units
Uno Minda EV Systems Private Limited (2 Wheeler and 3 Wheeler)
- On-Board Chargers
- Off-Board Chargers
- Motor Control Units
- DC-DC Converters
- Battery Management System
History
| 1958 | UNO MINDA Group starts operation |
| 1960 | Manufacturing of automotive switches |
| 1980 | Manufacturing of automotive lighting products |
| 1993 | Manufacturing of automotive horns |
| 1995 | production of automotive 4W switches through Mindarika |
| 2005 | open manufacturing facility in Indonesia |
| 2007 | Open Battery manufacturing plant in Rudrapur |
| 2008 | blow moulded products production started |
| 2009 | open plant in Viatnam, design and development of alternative fuel kits |
| 2010 | Production of aluminium die-cast products |
| 2011 | blow moulded manufacturing facility at Bawal |
| 2013 | Acquired Clarton of Spain |
| 2014 | Commenced manufacturing of fuel caps |
| 2015 | JV with Kosei |
| 2016 | Acquired Rinder Group of Spain |
| 2017 | JV with Katolec Japan (EMS) and Onkyo |
| 2018 | Agreement with TTE, Taiwan and SENSATA Technologies |
| 2018 | Acquisition of iSYS RTS GmbH, Germany Joint Venture with Kosei Group for alloy wheels |
| 2019 | Merger of Harita Seating with Minda Industries Purchase of KPIT telematics business |
| 2019 | Acquisition of Delvis, Germany |
| 2020 | Investment in Toyoda Gosei Minda |
| 2021 | Acquired 100% of the shares of Harita Fehrer, a joint venture company that manufactures flexible foam and seats for motorcycles and tricycles, through an additional investment of 49%. |
| 2021 | Acquired a stake in Minda Onkyo India Private Limited, a joint venture that manufactures, designs, and sells in-car speakers and related audio technologies. |
| 2021 | Acquired a 51% stake in UzChasys, an automotive headlamp manufacturer in Uzbekistan. |
| 2021 | Dissolved the joint venture agreement and took over the business of Minda TTE DAPS Pvt Ltd. |
| 2021 | Minda Industries Ltd. (Minda Industries), the flagship company of Uno Minda Group announced a joint venture (JV) agreement with FRIWO AG. Minda Industries |
| 2022 | Minda Corporation Limited inaugurated a new wiring harness plant in Chakan, Pune |
