Minda Corporation Limited is the leading manufacturer of automotive components in India. Minda Corp supplies parts and components to manufacturers of passenger vehicles, commercial vehicles, motorcycles and scooters, and off-road vehicles. It serves Tier-1 manufacturers by supplying die castings, gear locks, interior products, and mechanical components.
The company was incorporated in 1981 with the name Tarapur Cables Private Limited. Initially, the company dealt with wiring, horns and lamps in the automotive segment. In 1985, the company changed its name to Minda Wirelinks and started manufacturing for Indian clients and expanded to markets outside India.
In 1994, Minda Corp became a public limited company. The company also started with global distribution and joint ventures. It entered into a partnership with Huf Hulsbeck Furst GmbH & Co. of Germany to enter the ignition switches segment in 1996. The company was renamed as Minda Huf Limited.
In 2003-04, the auto ancillaries company started the production and sales of electronic security systems for original equipment manufacturers (OEMs) like Tata Motors, Mahindra & Mahindra, Hyundai, and Hero Honda. It also started catering to the replacement market of India. The company acquired Sylea Automotive India in 2003 and its name was changed to Minda Sai Limited. In 2006, the company’s joint venture agreement with Huf Hulsbeck Furst GmbH & Co. was terminated and it retained sole ownership over all the units and sales.
In 2007, the name was again changed to Minda Corp, as it is known today.
The company entered the door systems market with a diversification inside the company structure to serve the Indian OEMs with European standards and service assistance. They also discontinued their four-wheeler security systems business in the same year to focus on new product lines for the market. The company acquired KTSN Kunststoffechnik Sachsen GmbH & Co. KG of Germany to expand the business in the European market. This move also made the latest technology in the field of interior systems available to the company.
In 2009-10, the company acquired the die-casting surface finishing and other business for four-wheelers. It established a design centre in Japan in the following years. Since 2010, the company has added innovative products and strong quality to their portfolio. Since the entry of electric vehicles in India, the company has also ventured into the production of EV components.
Minda Corp recently entered into a technology license agreement with Daesung Eltec, Korea, for ADAS systems and solutions for passenger vehicles, commercial vehicles and off road vehicles.
The market capitalisation of Minda Corporation Limited stood at over ₹9,700 crore as of February 7, 2024. Mind Corp share price has surged over 324% in the last three years.
Mind Corp business operations
Minda Corp supplies automotive components for the American and European markets and businesses from Indian automotive manufacturers. The company also caters to the off-market segment in India with the services sector for OEMs.
The company has a workforce of more than 16,000 employees. The company has filed around 32 patents in the automotive segment. The company operates manufacturing facilities in Greater Noida, Murbad (Mumbai), Kakkalur (Chennai), Pithampur (Indore), and Pune. In India, it has 7 offices in different regions to handle the clients from each region. The company also operates 2 international offices and 3 design offices.
Minda Corp Financial Highlights
- Revenue: Minda Corp reported revenue of ₹6,200.57 crore in FY26 vs ₹5,088.63 crore in FY25. It showed an increase of 21.85% on a yearly basis.
- Operating Profit: Minda Corp reported an operating profit of ₹383.47 crore in FY26 vs ₹335.66 crore in FY25. It showed an increase of 14.24% on a year-on-year basis.
- Net Profit: Minda Corp reported a net profit of ₹277.14 crore in FY26 vs ₹239.20 crore in FY25. It showed an increase of 15.86% on a yearly basis.
Minda Corp Quarterly Result Highlights
- Minda Corp reported revenue of ₹1,847.93 crore in Jun 2026, compared with ₹1,709.43 crore in Mar 2026, representing an increase of 8.10% on a quarter-on-quarter (QoQ) basis.
- Minda Corp reported an operating profit of ₹236.97 crore in Jun 2026, compared with ₹123.43 crore in Mar 2026, representing an increase of 91.99% on a quarter-on-quarter (QoQ) basis.
- Minda Corp reported a profit of ₹188.38 crore in Jun 2026, compared with ₹92.53 crore in Mar 2026, reflecting an increase of 103.59% on a QoQ basis.
- The earnings per share (EPS) of Minda Corp stood at ₹15.31 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
