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Shareholding Info
  • Promoters
    68.73 %
  • Foreign institutions-FII
    7.94 %
  • Other domestic institutions
    1.61 %
  • Retail and other
    6.41 %
  • Mutual Funds
    15.32 %

UNO Minda Limited


Uno Minda Limited, formerly known as formerly Minda Industries Limited, is a global manufacturer of automotive parts and accessories. It was founded in 1958. It is a leading global producer of exclusive automotive solutions and systems, supplying Tier-1 original equipment manufacturers (OEMs).

The market capitalisation of UNO Minda Limited is over ₹41,000 crore as of January 12, 2024. UNO Minda share price has gained over 250% in the last three years.

Business operations


UNO Minda is involved in the manufacturing of auto electrical parts such as switches, lighting, batteries and blow-moulded products. Its product range includes switches, sensors, controllers, batteries, wheel covers and seat belts. The company serves major clients like Bajaj, Hero Motocorp, Royal Enfield and Yamaha Motors.

Uno Minda has a diverse portfolio comprising over 26 product lines. The company has filed 394 patents, obtained 344 design registrations and is actively engaged in 75 R&D technology projects.

Approximately 29% of Uno Minda Limited's revenue in FY23 came from the switches segment. Around 23% came from the lighting segment, 19% from the casting segment, 9% from the seating business, 7% from the acoustic segment and 13% from others.

Uno Minda’s switch division is the world’s largest volume manufacturer of two-wheeler automotive switches. This division also hosts a dedicated off-highway switches vertical, serving major OEMs in India and exporting to the US and European markets.

The company’s casting division was established in 2011 and has emerged as a prominent manufacturer of dye-casting components in India. MJ Casting Ltd was merged into Uno Minda Ltd in 2019, solidifying its position as the casting division. The casting division manages two plants in India, with one located in Rewari, Haryana, and the other in Hosur near Bengaluru.

The seating division of the company expanded with the amalgamation of Harita Seating Systems Ltd into Uno Minda Ltd in 2021. Uno Minda Ltd also signed a joint venture with TACHI-S Company Limited, a global seat system creator headquartered in Tokyo, Japan in 2022. This collaboration aims at manufacturing and marketing seat recliners for four-wheeler passenger vehicles in India.

Uno Minda has a diversified product portfolio catering to all vehicle segments. With over 73 manufacturing plants strategically positioned at major automotive hubs worldwide, the company ensures a wide global presence.

Uno Minda operates around 30 research and development (R&D) and engineering centres across India, Germany and Spain. The company has established over 15 joint ventures with globally recognised technology partners from Germany, Korea and Japan. Its first joint venture was signed in 1995 when the company collaborated with Tokai Rika to manufacture automotive switches for four-wheelers. This partnership has thrived over the past three decades, securing over 50% of the market share in India for four-wheeler automotive switches.

Financial Highlights

  • UNO Minda’s revenue from operations for FY23 stood at ₹11,236.5 crore, up by 35.2% compared to ₹8,313 crore in FY22.
  • The net profit after tax for FY23 was ₹700 crore compared to ₹412.64 crore during the previous year.
  • In FY23, the earnings before interest, tax, depreciation and amortization (EBITDA) increased to ₹1,242 crore from the previous year's ₹885.4 crore.
  • The company's earnings per share (EPS) stood at ₹11.42 in FY23 compared to ₹6.32 in the previous financial year.
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