About
Uno Minda Ltd
Uno Minda Limited (Formerly known as Minda Industries Limited) was incorporated on 16 September 1992 as the flagship company of the Minda Group. The Company is a leading supplier of Proprietary Automotive Solutions to Original Equipment Manufacturers (OEMs). It is engaged in the business of manufacturing of auto electrical parts and components such as switches, lighting, alloywheels, horns, seating systems, seatbelts, sensors, controllers, handle bar assemblies, wheel covers, blow molded products and ancillary services.
Through its manufacturing setup in India, Indonesia, Vietnam, Spain, Mexico Colombia, Germany and design centres in Taiwan, Japan & Spain, the Company made significant contributions to the automotive industry supply chain.
The company designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. In addition, the company manufactures batteries for 2/3/4 wheelers and off-road vehicles. The company enjoys more than 70% market share in the 2/3-wheeler segment in India and is amongst the top few globally. It has established 8 state of the art facilities spread across the length & breadth of India and one in the ASEAN region and employs more than 2800 people.
Its products range include Switch 2W/HBA, sensors, actuators, controllers, Switch 4W/HVAC, mirrors, lighting, HLL Motors, horns, compressed natural gas (CNG)/liquid petroleum gas (LPG) kits, batteries, blow molding components, wheel covers, seat belts, seating and systems and cigar lighter. Its two-wheeler's switches include handle bar system assembly, electronic systems, brake switch, gearshift switch and modular switch. Its off road switches include rotary switches, starter switches, plunger switches and rocker switches. Its automotive lighting products include tail lamp, side indicator lamps, headlamps, front fog lamp, rear fog lamps, warning triangles, work lamp and interior lamp. MIL has automotive battery brand Vroom.
In April 2011, the Company sold Minda Realty & Infrastructure Ltd.
During FY 2014-15, the Company's Lighting Division at Manesar, Haryana expanded its manufacturing capacity for production of Tail Lamp for K-10 Model for one of its major clients, namely, Maruti Suzuki India Limited. The said expansion was completed on schedule and commercial production commenced from the month of September 2014.
During the year 2014-15, a joint venture agreement (JVA) of the company's Battery Division was signed with Panasonic Corporation, Japan. As per the terms of JVA, the running business of Battery division will be hived off on or before longstop date of 30 April 2015. In this regard, the Board has reviewed and revised the hiving off date from 30 April 2015 to 1 July 2015. In the joint venture, the company will be having equity of 40% and the remaining 60% will be held by Panasonic Group. The necessary approval for hiving off Battery Division was obtained from the shareholders through Postal Ballot in the month of December 2014.
On 29 March 2016 the Company acquired 30% shareholding in Kosei Minda, a manufacturer of Alloy Wheels and other accessories / parts for automobile industry.
On 30 March 2016 the Company acquired 51% shareholdings in Minda TG Rubber, a manufacturer of brake hose, fuel hose and their components, accessories and fittings.
In June 2016, Minda Industries Limited acquired global lighting business of Spain Based Rinder group (including its facilities in India, Spain and Columbia) for Euro ~20 Million.
During the year, 35,00,000 3% Cumulative Redeemable Preference shares of Rs10 each were redeemed on 20 February 2017 as per the approved terms.
During the year, equity share of the company having face value of Rs10 each fully paid-up was sub-divided into 5 Equity shares, having face value of Rs2 each fully paid up with effect from 14 September 2016 being the Record Date.
On 3 April 2017, the Company allotted 70,92,125 equity shares of Rs2 each, to eligible qualified institutional buyers at issue price of Rs423 per equity share aggregating to Rs999.97 Lacs under QIP.
During the year under review, the Company has entered into Joint Venture Agreement on April 27, 2017 with Tung Thih Electronic Co. Ltd., Taiwan (TTE), to design, develop and manufacture of Driving Assistance Products and Systems (DAPS) in the shareholding ratio of 50:50.
As on 31 March 2018, the Company has 15 direct subsidiaries, 7 step-down subsidiaries and 4 associate including 2 partnership Arms. In addition to this, there are 6 joint venture Companies as on 31 March 2018.
During the FY2018, the Switch division of the company has received the best delivery management award from HMSI.
During the FY2019,the Company issued Bonus shares to the shareholders of the Company in the ratio of 2:1 i.e. 2 (two) Bonus Equity Shares of Rs 2 each fully paid up for every 1(one) existing equity share of Rs 2 each fully paid up. The Company allotted 17,43,42,310 bonus shares.
The Company has 16 direct subsidiaries, 8 step down subsidiaries, 8 joint ventures and 2 associates as on 31 March 2019. During the year 2018-19, 2 subsidiaries, 1 step down subsidiary and 2 Joint Ventures were added.
During the FY2019,the company received The Most Promising Company of this Year' award by CNBC TV18 at the Indian Business Leader Awards. The company also bagged The National Intellectual Property Award for the year 2019 in the category of Top Indian Company Organization for Designs.
The Company has 16 direct subsidiaries, 12 step down subsidiaries, 8 joint ventures and 2 associates as on 31 March 2020. During the year under review, 4 step down subsidiary were introduced.
The WHO declared COVID-19 outbreak as a pandemic which continues to spread across the country. On March 23, 2020, the Government of India also declared this pandemic a health emergency and ordered temporary closure of all non-essential business, imposed restrictions on movement of goods/ materials travel etc. Accordingly, production was suspended at most of the locations.
During the quarter ended 30 June 2020,the company made following investments:i.Additional 10,200,000 equity shares of Minda Katolec Electronics Services Private Limited, a subsidiary for total consideration of Rs. 10.20 Crore.ii.Incorporated a Company in South Korea namely Minda Korea Co., Ltd., through its subsidiary which invested an amount of Rs. 0.63 Crore.
The National Company Law Tribunal (NCLT) Delhi Bench has vide its Order dated June 1, 2020 sanctioned Composite Scheme of Merger of Company's Wholly Qwned Subsidiaries i.e. M J Casting Limited, Minda Distribution and Services Limited, Minda Auto
Components Limited and Minda Rinder Private Limited (formerly known as Rinder India Private Limited), with the Company. The said Merger filed with Registrar of Companies (ROC) is effective on August 01, 2020.
The Company has 11 direct subsidiaries, 13 step down subsidiaries, 8 joint ventures and 2 associates as on March 31, 2021. Besides, the
Company has control over a partnership firm and significant influence over 3 partnership firm as on March 31, 2021.
During the year 2020-21, the Company acquired 30% stake of Tokai Rika Minda India Private Limited (TRMN) and TRMN became an Associate Company.
During the year 2020-21, Minda TG Rubber Private Limited (non-material subsidiary) due to decrease in stake by 1.10% ceased to be subsidiary of the Company, which is now a joint venture Company.
During the year 2020-21, Company raised its stake in Minda Onkyo India Private Limited by Rs. 13.54 Crore to maintain the shareholding ratio of 50:50. The Company diluted its stake in Kosei Minda Aluminum Private Limited by renouncing equity shares offered in Right basis to JV partner namely Kosei International Trade and Investment Company Limited, Japan and decreased 11.69% stake in Kosei Minda Aluminum Company Private ,which continue to be a associate with the stake of 18.31% w.e.f. April 2021.
During the year 2020-21, one step down subsidiary, namely Minda Korea Limited was introduced. Further Delvis GmBH, merged with Minda Germany GmBH, a step down subsidiary of the Company.
In 2021, the Company signed a joint venture agreement with FRIWO AG for 2-wheeler/3-wheeler electric vehicle component. It developed formidable 2-wheeler/3-wheeler electric vehicle component product portfolio.
During the year 2022, the Company made investments, in two tranches, in two Special Purpose Vehicles (SPVs) companies namely, CSE Dakshina Solar Private Limited (SPV-I) and Strongsun Renewables Private Limited (SPV-2). In SPV-I, it made a total investment of Rs. 1.70 Crores (approx. in two tranches) and in SPV-II, it made a total investment of Rs. 2.73 Crores (approx. in two tranches). As on 31
March 2022, the Company holds 27.71% equity shares in SPV-I and 28.10% equity shares in SPV-II.
Harita Fehrer Limited (HFRL) was a 51:49 joint venture of erstwhile Harita Seating Systems Limited and F.S. Fehrer Automotive GmbH (Fehrer). Upon merger of Harita Seating Systems Limited into Minda Industries Limited (the Company) (effective from 01 April 2021),
the Company became the shareholder of HFRL with 51% stake. Post-merger. Accordingly, the Board of Directors of the Company, at its meeting held on 13 June 2021, acquired remaining 49% stake in HFRL by acquiring 98,48,040 equity shares of HFRL from Fehrer. The said acquisition was completed on 24 March 2022 and now the Company holds 100% stake in HFRL.
During the year 2022-23, the Company issued and allotted 28,58,76,442 Equity Shares of Rs 2 each as Fully Paid-Up Bonus Shares representing a ratio of 1 Equity Share for every 1 Equity Share outstanding as on the Record Date i.e. 8 July 2022.
In 2022-23, Company acquired 22.65% stake of its Joint Venture Company, Minda Kosei Aluminum Wheel Private Limited (MKA) and post-acquisition, MKA became a wholly owned subsidiary of the Company effective February 8, 2023. The Company commissioned Four Wheeler Lighting Gujarat Plant during FY 2022-23. It started commercial production of 30,000 line in Gujarat plant and 60,000 line
in Bawal. It launched innovative and advance lighting products like cornering lamps for one of the 2W OEM and connected tail lamp for Japanese four-wheeler OEM.
Uno Minda Ltd
Chairman Speech
As I reflect on the growth and progress for FY 2022-23, I'm pleased to share with you
that our Company have marked a robust performance across the businesses, driven by strong
demand and growth in the industry.
The global economy has shown a smart recovery after the Covid-19 pandemic-induced
severe and unimaginable distress, along with grave and undefining challenges such as the
Russia-Ukraine war, energy crisis, and historically high inflation and interest rate
levels. Labour markets in most advanced economies have strengthened, and aggregate demand
has exceeded the expectations. Additionally, the supply chain situation has improved with
the implementation of policy packages by economies worldwide.
The Indian economy has demonstrated remarkable resilience in the face of global
challenges, achieving a growth rate of 7.2% in FY2022-23. India's economy has gained
recognition as the fastest- growing major economy, a testament to the robust demand
observed across various industries. The Government is undertaking initiatives to boost the
economy and control inflation, with a continued focus on infrastructure development and
rising private investment.
Despite ongoing geopolitical tensions and energy crisis, India is emerging as an
attractive destination for global investors, particularly in sectors ripe for reforms,
such as energy, transport, and infrastructure.
Amid the global volatility, the Indian automobile industry ended FY 2022-23 on a
positive note, bounced back from the challenges posed by the Covid-19 pandemic.
Demonstrating strong resilience, rapid innovation, and robust market demand, the industry
achieved record sales in the passenger vehicle (PV) segment of over 3.9 Million in FY
2022-23 owing to the strong demand and easing of supply chain constraints. Consumer
preference and demand in the PV segment are increasing towards SUVs and the segment has
marked 30% year-on-year growth.
The commercial vehicle (CV) segment witnessed a major uptick in sales volume in FY
2022-23, driven by bounce back in demand and growth in major economic activities. The
electric vehicle (EV) segment has shown significant growth potential, with all major
companies set to enter the market in FY 2023-24 by introducing new models in both the
passenger and commercial vehicle segments. On the export front, there is a substantial
downturn, mainly in the CV segment owing to the geopolitical tensions. Overall, the
industry is optimistic and ready to mark the next leg of growth in the future.
The Government has announced Production Linked Incentive (PLI) scheme for the Indian
automobile and auto component industry of f 25,938 Crores in 2021. Currently, the Union
Government has announced Standard Operating Procedures (SOPs) for the PLI scheme for the
automobile sector. This scheme will allow applicants to request for testing and
certification of products utilising advanced automotive technology. Furthermore, this
scheme will increase the local production of advanced automotive technology (AAT) goods
and infuse capital in the industry. On the FAME II front, the outlay of f 5,172 Crores has
been announced as a part of outlay of f 10,000 Crores which was announced at the launch of
the scheme. This amount will be utilised in a way the Electric Vehicle demand will surge.
According to data released by SIAM, India is the third- largest car market in the
world. This highlight both India's qualifications as the fastest-growing economy in
general and the potential of the auto sector in particular. Uno Minda has been at the
forefront of the industry's transition to greener, safer, and smarter mobility by
leveraging this expansion in the Indian vehicle sector and our strategic efforts.
One of the key factors driving Uno Minda's growth in the automotive industry is its
commitment to innovation and R&D. The Company has invested heavily in research and
development activities, especially in our flagship centre CREAT (centre for research
engineering and advanced technologies); to continuously improve its product offerings and
stay ahead of the competition by focussing on strategies such as PACE, ADAS and design.
During the year, we opened another office of CREAT in Chennai to further strengthen our
team. We now have 30 R&D centres and design studio (INITIA) globally, with 1022
engineers working around the clock to provide best-in-class services for mobility products
and systems.
With support from our in-house R&D Team and our joint venture partners, we have
built unparalleled EV specific components portfolio for two wheeler and three wheeler. We
have also secured order with annual peak value of around Rs 2000 Crores from EV OEMs in
last one year paving the way for market leadership in EV specific components as well.
We continuously endeavour to consolidate and simplify our business to achieve synergy
benefits and economies of scale enabling maximisation of shareholder's value. Currently,
there are three merger schemes which is at various stages of approvals including Kosei
entities merger. Besides consolidation, we have also been expanding in all major product
categories by setting up greenfield as well as brownfield plants. Currently we are working
on 8 (eight) expansion projects involving switch, alloy wheel, lighting,
EV specific product and traction motors. We will continue this journey towards
excellence and are confident of emerging as a stronger organisation.
Driving The New
Automotive industry is poised to grow in future owing to the growing demand of
passenger vehicles for every household. With manufacturing future ready products, we will
be able to cater to this growing market. Our processes are streamlined to the vision of
the Company making redesigned products with extreme focus on customers and increasing the
exports side. In our transformational journey, we have made the change in the Company's
identity to Uno Minda Limited.
We are driven by the rich culture that encourages to develop new thing every day. We
are on the path of progress through advancing our value chain. Increasing interaction more
with internal and external stakeholders, engaging more with our partners and source
best-in-class
raw materials to product premium products. Overall, driving the new says that we are
tapping every opportunity and making ourselves reliant to address the growing need of the
industry and stay ahead of the curve.
Environment, Social and Governance at Uno Minda
We understand the importance of undertaking environmental initiative inside the
organisation. Strictly adhering to the rules and regulations would lead ourselves to
impact less to the environment where we operate. Our more than 90% of the plants follow
the certification that adhere to environment & OHS management system. We adhere to the
permissible water withdrawal limits through installing STP, ETP water management system.
We also adhere to the waste management regulations that come under compliance with local
regulations & processes. Furthermore, we are preserving our environment by increasing
the renewable energy share in our operations & through implementation of energy
efficiency projects/ kaizens on regular basis such as installation of energy- efficien t
less emission led equipments, replacement of high CO2 emission fuel with less
CO2 emission fuel etc.
We act and intervene through several programmes as per their need of the community. Uno
Minda Group through Suman Nirmal Minda Foundation (SNMF) has significantly contributed in
the areas of education, skill development (vocational training programmes), preventive
& curative healthcare & community well-being. Our CSR intervention contributes to
a positive societal impact through diverse community engagement initiatives. We
collaborate and involve different stakeholders like Community, PRI Members, Local
Administration, Government, Employees, Customers & suppliers for contributing towards
sustainable development.
We adhere to the policies that govern the organisation in a broader way. We follow the
regulatory compliance & updates, emerging workplace trends, global good practices and
culture of diversity and inclusion. We adhere to principles of conduct, anti-corruption
policies, helpline or feedback facilities for all stakeholders.
Strategic Focus Areas
Looking ahead, we hold a strong belief in our capabilities and are committed to staying
in sync with the industry to maintain a competitive edge. Our focus remains on
continuously enhancing the efficiency of our team, empowering them to drive business
success.
Our objective is to consistently deliver returns for our valued business partners and
contribute positively to society as a whole. We are actively engaged in developing
innovative technologies and solutions that will shape our future. Moreover, we are
determined to play a role in addressing the climate challenge by designing energy-
efficient products and embracing a greener approach towards creating a sustainable world.
Best regards,
Nirmal K. Minda
Chairman & Managing Director
  Â
Uno Minda Ltd
Company History
Uno Minda Limited (Formerly known as Minda Industries Limited) was incorporated on 16 September 1992 as the flagship company of the Minda Group. The Company is a leading supplier of Proprietary Automotive Solutions to Original Equipment Manufacturers (OEMs). It is engaged in the business of manufacturing of auto electrical parts and components such as switches, lighting, alloywheels, horns, seating systems, seatbelts, sensors, controllers, handle bar assemblies, wheel covers, blow molded products and ancillary services.
Through its manufacturing setup in India, Indonesia, Vietnam, Spain, Mexico Colombia, Germany and design centres in Taiwan, Japan & Spain, the Company made significant contributions to the automotive industry supply chain.
The company designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. In addition, the company manufactures batteries for 2/3/4 wheelers and off-road vehicles. The company enjoys more than 70% market share in the 2/3-wheeler segment in India and is amongst the top few globally. It has established 8 state of the art facilities spread across the length & breadth of India and one in the ASEAN region and employs more than 2800 people.
Its products range include Switch 2W/HBA, sensors, actuators, controllers, Switch 4W/HVAC, mirrors, lighting, HLL Motors, horns, compressed natural gas (CNG)/liquid petroleum gas (LPG) kits, batteries, blow molding components, wheel covers, seat belts, seating and systems and cigar lighter. Its two-wheeler's switches include handle bar system assembly, electronic systems, brake switch, gearshift switch and modular switch. Its off road switches include rotary switches, starter switches, plunger switches and rocker switches. Its automotive lighting products include tail lamp, side indicator lamps, headlamps, front fog lamp, rear fog lamps, warning triangles, work lamp and interior lamp. MIL has automotive battery brand Vroom.
In April 2011, the Company sold Minda Realty & Infrastructure Ltd.
During FY 2014-15, the Company's Lighting Division at Manesar, Haryana expanded its manufacturing capacity for production of Tail Lamp for K-10 Model for one of its major clients, namely, Maruti Suzuki India Limited. The said expansion was completed on schedule and commercial production commenced from the month of September 2014.
During the year 2014-15, a joint venture agreement (JVA) of the company's Battery Division was signed with Panasonic Corporation, Japan. As per the terms of JVA, the running business of Battery division will be hived off on or before longstop date of 30 April 2015. In this regard, the Board has reviewed and revised the hiving off date from 30 April 2015 to 1 July 2015. In the joint venture, the company will be having equity of 40% and the remaining 60% will be held by Panasonic Group. The necessary approval for hiving off Battery Division was obtained from the shareholders through Postal Ballot in the month of December 2014.
On 29 March 2016 the Company acquired 30% shareholding in Kosei Minda, a manufacturer of Alloy Wheels and other accessories / parts for automobile industry.
On 30 March 2016 the Company acquired 51% shareholdings in Minda TG Rubber, a manufacturer of brake hose, fuel hose and their components, accessories and fittings.
In June 2016, Minda Industries Limited acquired global lighting business of Spain Based Rinder group (including its facilities in India, Spain and Columbia) for Euro ~20 Million.
During the year, 35,00,000 3% Cumulative Redeemable Preference shares of Rs10 each were redeemed on 20 February 2017 as per the approved terms.
During the year, equity share of the company having face value of Rs10 each fully paid-up was sub-divided into 5 Equity shares, having face value of Rs2 each fully paid up with effect from 14 September 2016 being the Record Date.
On 3 April 2017, the Company allotted 70,92,125 equity shares of Rs2 each, to eligible qualified institutional buyers at issue price of Rs423 per equity share aggregating to Rs999.97 Lacs under QIP.
During the year under review, the Company has entered into Joint Venture Agreement on April 27, 2017 with Tung Thih Electronic Co. Ltd., Taiwan (TTE), to design, develop and manufacture of Driving Assistance Products and Systems (DAPS) in the shareholding ratio of 50:50.
As on 31 March 2018, the Company has 15 direct subsidiaries, 7 step-down subsidiaries and 4 associate including 2 partnership Arms. In addition to this, there are 6 joint venture Companies as on 31 March 2018.
During the FY2018, the Switch division of the company has received the best delivery management award from HMSI.
During the FY2019,the Company issued Bonus shares to the shareholders of the Company in the ratio of 2:1 i.e. 2 (two) Bonus Equity Shares of Rs 2 each fully paid up for every 1(one) existing equity share of Rs 2 each fully paid up. The Company allotted 17,43,42,310 bonus shares.
The Company has 16 direct subsidiaries, 8 step down subsidiaries, 8 joint ventures and 2 associates as on 31 March 2019. During the year 2018-19, 2 subsidiaries, 1 step down subsidiary and 2 Joint Ventures were added.
During the FY2019,the company received The Most Promising Company of this Year' award by CNBC TV18 at the Indian Business Leader Awards. The company also bagged The National Intellectual Property Award for the year 2019 in the category of Top Indian Company Organization for Designs.
The Company has 16 direct subsidiaries, 12 step down subsidiaries, 8 joint ventures and 2 associates as on 31 March 2020. During the year under review, 4 step down subsidiary were introduced.
The WHO declared COVID-19 outbreak as a pandemic which continues to spread across the country. On March 23, 2020, the Government of India also declared this pandemic a health emergency and ordered temporary closure of all non-essential business, imposed restrictions on movement of goods/ materials travel etc. Accordingly, production was suspended at most of the locations.
During the quarter ended 30 June 2020,the company made following investments:i.Additional 10,200,000 equity shares of Minda Katolec Electronics Services Private Limited, a subsidiary for total consideration of Rs. 10.20 Crore.ii.Incorporated a Company in South Korea namely Minda Korea Co., Ltd., through its subsidiary which invested an amount of Rs. 0.63 Crore.
The National Company Law Tribunal (NCLT) Delhi Bench has vide its Order dated June 1, 2020 sanctioned Composite Scheme of Merger of Company's Wholly Qwned Subsidiaries i.e. M J Casting Limited, Minda Distribution and Services Limited, Minda Auto
Components Limited and Minda Rinder Private Limited (formerly known as Rinder India Private Limited), with the Company. The said Merger filed with Registrar of Companies (ROC) is effective on August 01, 2020.
The Company has 11 direct subsidiaries, 13 step down subsidiaries, 8 joint ventures and 2 associates as on March 31, 2021. Besides, the
Company has control over a partnership firm and significant influence over 3 partnership firm as on March 31, 2021.
During the year 2020-21, the Company acquired 30% stake of Tokai Rika Minda India Private Limited (TRMN) and TRMN became an Associate Company.
During the year 2020-21, Minda TG Rubber Private Limited (non-material subsidiary) due to decrease in stake by 1.10% ceased to be subsidiary of the Company, which is now a joint venture Company.
During the year 2020-21, Company raised its stake in Minda Onkyo India Private Limited by Rs. 13.54 Crore to maintain the shareholding ratio of 50:50. The Company diluted its stake in Kosei Minda Aluminum Private Limited by renouncing equity shares offered in Right basis to JV partner namely Kosei International Trade and Investment Company Limited, Japan and decreased 11.69% stake in Kosei Minda Aluminum Company Private ,which continue to be a associate with the stake of 18.31% w.e.f. April 2021.
During the year 2020-21, one step down subsidiary, namely Minda Korea Limited was introduced. Further Delvis GmBH, merged with Minda Germany GmBH, a step down subsidiary of the Company.
In 2021, the Company signed a joint venture agreement with FRIWO AG for 2-wheeler/3-wheeler electric vehicle component. It developed formidable 2-wheeler/3-wheeler electric vehicle component product portfolio.
During the year 2022, the Company made investments, in two tranches, in two Special Purpose Vehicles (SPVs) companies namely, CSE Dakshina Solar Private Limited (SPV-I) and Strongsun Renewables Private Limited (SPV-2). In SPV-I, it made a total investment of Rs. 1.70 Crores (approx. in two tranches) and in SPV-II, it made a total investment of Rs. 2.73 Crores (approx. in two tranches). As on 31
March 2022, the Company holds 27.71% equity shares in SPV-I and 28.10% equity shares in SPV-II.
Harita Fehrer Limited (HFRL) was a 51:49 joint venture of erstwhile Harita Seating Systems Limited and F.S. Fehrer Automotive GmbH (Fehrer). Upon merger of Harita Seating Systems Limited into Minda Industries Limited (the Company) (effective from 01 April 2021),
the Company became the shareholder of HFRL with 51% stake. Post-merger. Accordingly, the Board of Directors of the Company, at its meeting held on 13 June 2021, acquired remaining 49% stake in HFRL by acquiring 98,48,040 equity shares of HFRL from Fehrer. The said acquisition was completed on 24 March 2022 and now the Company holds 100% stake in HFRL.
During the year 2022-23, the Company issued and allotted 28,58,76,442 Equity Shares of Rs 2 each as Fully Paid-Up Bonus Shares representing a ratio of 1 Equity Share for every 1 Equity Share outstanding as on the Record Date i.e. 8 July 2022.
In 2022-23, Company acquired 22.65% stake of its Joint Venture Company, Minda Kosei Aluminum Wheel Private Limited (MKA) and post-acquisition, MKA became a wholly owned subsidiary of the Company effective February 8, 2023. The Company commissioned Four Wheeler Lighting Gujarat Plant during FY 2022-23. It started commercial production of 30,000 line in Gujarat plant and 60,000 line
in Bawal. It launched innovative and advance lighting products like cornering lamps for one of the 2W OEM and connected tail lamp for Japanese four-wheeler OEM.
Uno Minda Ltd
Directors Reports
Uno Minda Ltd
Company Background
| Incorporation Year | 1992 |
| Registered Office | B-64/1,Wazirpur Industrial Area
Delhi,Delhi-110052 |
| Telephone | 91-011-27374444/2290427/28,Managing Director |
| Fax | 91-124-2290676/95 |
Nirmal K MindaNirmal K Minda| Company Secretary | |
| Auditor | B S R & Co LLP/S R Batliboi & Co LLP |
| Face Value | 2 |
| Market Lot | 1 |
| Listing | BSE,MSEI ,NSE, |
| Registrar | Link Intime India Pvt Ltd
Narang Tower,44 Community Centre,Naraina Ind Area,New Delhi-110028 |
Uno Minda Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Nirmal K Minda | Chairman & Managing Director | 2023 |
| Ravi Mehra | Deputy Managing Director | 2023 |
| Anand Kumar Minda | Non Executive Director | 2023 |
| VIVEK JINDAL | Non Executive Director | 2023 |
| Rakesh Batra | Independent Non Exe. Director | 2023 |
| RAJIV BATRA | Independent Non Exe. Director | 2023 |
| Satish Balkrishna Borwankar | Independent Non Exe. Director | 2023 |
| Rashmi Hemant Urdhwareshe | Independent Non Exe. Director | 2023 |
| Krishana Kumar Khandelwal | Independent Director | 2023 |
Uno Minda Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| BSE_200 |
| BSEDOLLEX |
| CNX500 |
| BSEMID |
| BSEALLCAP |
| GOODSSERVI |
| MID150 |
| LMI250 |
| MSL400 |
| NFTYLM250 |
| NFTYMC150 |
| NFTYMSC400 |
| NF500M5025 |
| NFTYTOTMKT |
| NFMC150M50 |
Uno Minda Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sale of Products | NA | 0 | 0 | 0 | 4685.2 |
| Service Income | NA | 0 | 0 | 0 | 192.11 |
| Other Operating revenue | NA | 0 | 0 | 0 | 82.42 |
| Others | No | 0 | 0 | 0 | 0 |
| Excise Duty | NA | 0 | 0 | 0 | 0 |
| Adjustment | NA | 0 | 0 | 0 | 0 |
| LPG/CNG Kits | No | 0 | 0 | 0 | 0 |
| Regulators | No | 0 | 0 | 0 | 0 |
| Batteries | No | 0 | 0 | 0 | 0 |
| Head/Tail Lamps & Spares | No | 0 | 0 | 0 | 0 |
| Horns | No | 0 | 0 | 0 | 0 |
| Oil Pressure Switches | No | 0 | 0 | 0 | 0 |
| Switches | No | 0 | 0 | 0 | 0 |
| Lighting | NA | 0 | 0 | 0 | 0 |
| Street Light / LED - Traded | No | 0 | 0 | 0 | 0 |