Minda Corporation Ltd. Company History and Annual Growth Details

Spark Minda has been a significant player in the global automotive industry for over six decades. We are one of the prominent manufacturers of automotive components for the OEMs and Tier-I suppliers. The US 1.7 Billion Market Cap, with a workforce of more than 18,000 employees, caters to the leading Passenger Vehicle, Commercial Vehicle, Motorcycle & Scooter, Off-road Vehicle & Tier 1 Manufacturers in India with presence in Indonesia, Vietnam, Europe, Japan and Uzbekistan. We also serve the aftermarket segment in India through a strong dealer distributorship of about 650 dealers. The state-of-the-art R&D facility and partnerships with automotive industry pioneers provide us with a significant technological advantage. Spark Minda embraces cutting-edge technologies through strategic alliances, technical and global business collaborations. These initiatives have empowered Spark Minda with innovative product design and technology, meeting rigorous international quality standards.

-Minda Corporation has given the Bonus in the Ratio of 1:1

2013

-Shield Award for Minda Furukawa Electric..

2014

-Tihar Jail, Maruti Suzuki & Spark Minda, Ashok Minda Group joins hands for CSR integrated business model.

-Spark Minda Wins Corporate Cricket Tournament.

-Minda Corporation has given the Bonus in the Ratio of 1:1

2015
-Minda Corporation arm acquires Minda Stoneridge Instruments
-Spark Minda, Ashok Minda Group launches new advanced product line for two and four wheelers.
--Spark Minda, Ashok Minda Group & Vehicle Access Systems Technology Llc (VAST), USA enter into a Joint Venture Minda VAST
-Tihar Jail, Maruti Suzuki & Spark Minda, Ashok Minda Group joins hands for CSR integrated business model

2016
-Minda Corporation Ltd has Announces a 50:50 Joint Venture with SBHAP, China (a BAIC group subsidiary)".
-Minda Corporation Acquires Panalfa Autoelektrik Limited.
-Minda Corporation Ltd has titled "Spark Minda, Ashok Minda Group imparts skill and employment to jail inmates of Aurangabad Jail".
-Minda Corporation Ltd hastitled "Spark Minda, Ashok Minda Group Organizes Artificial Limb Fitment Camp to help Persons with Disability".
-Minda Corp arm forms 50:50 JV with Chinese firm
-Spark Minda, Ashok Minda Group Acquires Panalfa Autoelektrik Ltd.

2017

-Auto component maker Minda Corporation has said, its subsidiary Minda SAI Ltd has fully acquired EI Labs India for a consideration of Rs 6.5 crore.
-Minda SAI Ltd, a subsidiary company of Minda Corporation has acquired 100 per cent equity of EI Labs India Pvt Ltd from the existing Indian promoters,

2018

-Spark Minda, Ashok Minda Group has said that it has collaborated with Yerwada Central Prison, Pune for installing and setting up a manufacturing automotive lock set sub - assembly unit at female prison inside jail premises .
- Spark Minda sets up manufacturing unit at Yerwada Jail, Women cell for Lock Body Assembly Unit
- Spark Minda sets up manufacturing unit for Nagpur Central Jail for Wiring Harness
- Inauguration of Minda Corporation, Die Casting New Plant at Pune
-Spark Minda inaugurates Spark Minda Technical Centre at Pune

2019
-Merger of domestic group companies with Minda Corp

2020

-Establishment of Electronics Manufacturing Excellence, Pune

2022

- Minda has entered into a technical collaboration with DAESUNG, Korea, the leading automotive electronics company.