Uno Minda Group
Uno Minda Group is a global automotive components manufacturer and supplier of electrical, lighting, acoustic, safety systems to two-wheeler, four-wheeler (Commercial vehicle, personal vehicle) and off road segments vehicles worldwide. The company was founded by Late Shri SL Minda in the year 1958 and is now run by Shri Nirmal Kumar Minda who is the Chairman and Managing Director of the group.
Currently headquartered in Manesar, Haryana, India, it has more than 71 manufacturing plants across the globe and also has more than 15 Research and Development (R&D) centers globally as per the website. Minda Industries Limited (MIL) is the flagship company of the UNO MINDA Group.
The group is a global player in the automotive sector with overseas manufacturing facilities in 8 countries; Indonesia, Vietnam, Thailand, Spain, Mexico, Morocco, Colombia and Germany, along with design offices in Taiwan, Spain and Germany.
The Joint Ventures/Technical Agreements are in place with the globally renowned technology leaders from Japan, Italy, Germany and Taiwan.
The Group has switching systems, lighting systems, acoustic systems, light metal technology, after-market sales, other products segments under its umbrella...[1]
History[edit]
The group began as a small auto parts trading firm from Kolkata and Siliguri in India, and later developed into National Industries in 1958 with three partners - Mr. S.L. Minda, Mr. J.P. Minda and Mr. R.N. Minda. The National Industries started manufacturing AMMETER at Bahadurgarh (Haryana) in 1958 and later the factory shifted to Kamla Nagar in Delhi.
National Industries was renamed to Minda Industries Ltd. in 1962. Soon the company had customers like Bajaj Auto and Hindustan Motors and therefore opened a manufacturing unit in Wazirpur Industrial Area.
In 1970-71, more products were added for Original Equipment manufacturers (OEM)s. Five years later, the construction started for a modern design factory at Wazirpur Industrial Area. The factory was inaugurated in 1976.
After training along with other Indian entrepreneurs in Japan with Tokai Rika in 1995, later resulted in the creation of ‘Minda Rika’, a Joint Venture between Minda Industries Ltd and Tokai Rika to manufacture four-wheeler switches.[2] MIL was incorporated as a public limited company in the same year.
Operations[edit]
The Group has 5 major domains under its umbrella post an Organizational Business Transformation (OBT) exercise in the financial year 2020-21.[3]
Electrical & Control Systems (ECS)
It has Switches, Controllers, Sensors, Seat Belts & Gear Shifters, RPAS, Infotainment Systems, EMS under the domain.
Lighting & Acoustics Systems (LAS)
It has Lamps, Acoustics, CNG Kits under the domain.
Light Metal & Powertrain Systems (LPS)
It has 2W & 4W Alloy Wheels, Castings and Filters under the domain.
Safety & Comfort Systems (SCS)
It has Seats, Blow Molding, Airbags, Weather Strips & Hoses, Air Brakes under the domain.
Aftermarket & Battery
All types of batteries for two-wheelers are manufactured ranging from VRLA to Flooded Batteries. The batteries are available across the country through the excellent after sales and service arm (Aftermarket) of the Uno Minda Group, Minda Distribution and Service Limited.
Group associations[edit]
3.1 Joint ventures
The group has joint ventures with international companies Tokai Rika, Onkyo, WestPort Fuel systems[4], TTE DAPS[5], Denso Ten[6], Yogendra engineering, Kosei[7], Katolec[8], Toyoda Gosei[9], Nabtesco, Roki Co Ltd[10], Nagase and Kyoraku.
3.2 Acquisitions
The group has acquired Delvis (Germany)[11], Clarton Horn (Italy), Harita Seating Systems (India)[12], Isys RTS[13] and Rinder (Spain)[14]
3.3 Technical license agreement
The group has technical license agreement with companies like Dayou Globa[15]l and Sensata[16]
Awards and accolades[edit]
2021- Amrop-ET Best Board Award[17]
2021- Golden Peacock Award for Excellence in Corporate Governance[18]
2020-The Iconic Brand of India by Economic Times
2020- N K Minda - Best CEO Award (Emerging Category) by Business Today
2019- “Most Promising Company of the Year” Indian Business Leader Awards (CNBC TV18)
2019- N K Minda - EY Entrepreneur of the Year (Manufacturing Category)
External links[edit]
References[edit]
- ↑ Sinha, Ashish. "Nirmal Kumar Minda: Sum Of The Parts". BW Businessworld. Retrieved 2021-07-06.
- ↑ Sinha, Ashish. "Nirmal Kumar Minda: Sum Of The Parts". BW Businessworld. Retrieved 2021-07-06.
- ↑ "UNO Minda Group realigns businesses to be future-ready". www.autocarpro.in. Retrieved 2021-07-06.
- ↑ Inc, Westport Fuel Systems (2020-09-15). "Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market". GlobeNewswire News Room. Retrieved 2021-07-06.
- ↑ "UNO MINDA Group enters into JV with TTE, Taiwan". www.indiainfoline.com. Retrieved 2021-07-06.
- ↑ "Denso takes majority stake in Fujitsu Ten, renames it Denso Ten". www.autocarpro.in. Retrieved 2021-07-06.
- ↑ Mohile, Shally Seth (2015-02-26). "Uno Minda, Kosei Aluminum in JV to manufacture, sell alloy wheels". mint. Retrieved 2021-07-06.
- ↑ Bureau, BS B2B (2017-02-22). "Minda Industries form JV with Japan's Katolec for electronic products". Business Standard India. Retrieved 2021-07-06.
- ↑ "Uno Minda strengthens partnership with Japan's Toyoda Gosei". ANI News. Retrieved 2021-07-06.
- ↑ "Minda Industries to buy Roki Japan's 49% stake in JV for $6.5 mn". VCCircle. 2016-08-11. Retrieved 2021-07-06.
- ↑ "Minda Industries snaps up German engineering firm Delvis". VCCircle. 2019-10-09. Retrieved 2021-07-06.
- ↑ Feb 16, TNN /; 2019; Ist, 04:00. "Minda Industries announces merger with Harita Seating Systems - Times of India". The Times of India. Retrieved 2021-07-06.
- ↑ "Minda to acquire Germany's iSYS, sets up wheel-making JV with Japan's Kasei". VCCircle. 2018-07-16. Retrieved 2021-07-06.
- ↑ REPORTER, BS (2016-03-03). "Uno Minda acquires lighting firm for Rs 145 crore". Business Standard India. Retrieved 2021-07-06.
- ↑ "Minda Industries Ltd reports earnings for Q3 FY20". EquityBulls. 2020-02-06. Retrieved 2021-07-06.
- ↑ "Minda Industries to partner Sensata Technology for wheel speed sensor tech". www.autocarpro.in. Retrieved 2021-07-06.
- ↑ "Minda Industries Ltd receives Amrop ET Best Board Award". EquityBulls. 2021-08-22. Retrieved 2021-08-31.
- ↑ "Excellence in Corporate Governance (GPAECG)". goldenpeacockaward.com. Retrieved 2021-07-05.
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