UNO Minda Limited (formerly Minda Industries Limited) is a leading global manufacturer of proprietary automotive solutions and systems, supplying to original equipment manufacturers (OEMs) as a Tier-1 supplier. Incorporated in 1958, the company has emerged as one of India's most prominent automotive components suppliers with a rich legacy spanning over six decades in the automotive industry.
UNO Minda operates as a global manufacturer and supplier of proprietary automotive solutions and systems to original equipment manufacturers as Tier-1. The company has made important contributions to the automotive industry supply chain for more than six decades with its innovative products, establishing itself as one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems, and alloy wheels.
The company's product divisions include switch, sensor, controllers, lighting, acoustic, alloy wheel, seating, aftermarket, casting, and ADAS, catering to vehicle segments such as four-wheeler, two-wheeler, three-wheeler, commercial vehicle, and off-road. UNO Minda manufactures 25+ types of components and systems, such as acoustics, switches, lights, alloy wheels, and seats, for vehicles across various segments, including passenger cars, commercial vehicles, and 2W/4W, serving both internal combustion engines (ICE) and electric/hybrid vehicle markets.
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 operates around 30 research and development (R&D) and engineering centers across India, Germany, and Spain. The company has established over 15 joint ventures with globally recognized technology partners from Germany, Korea, and Japan.
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% 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, with MJ Casting Ltd merged into UNO Minda Ltd in 2019.
UNO Minda has a market capitalization of ₹63,324 Crore and is listed on major Indian stock exchanges. The company reported revenue of ₹16,775 Crore and profit of ₹1,021 Crore in the most recent financial year.
#### Recent Financial Highlights (FY25, Q4, Q3, Q2)
FY25 Performance:
- For the full year ended March 31, 2025, UNO Minda reported a 20% jump in revenue to ₹16,775 Crore, while net profit increased by 8% to ₹943 Crore.
- Revenue from operations rose a strong 19% to ₹4,528.32 Crore in Q4 FY25, supported by healthy performance across its core product categories.
Q3 FY25 Performance:
- UNO Minda reported a 19% year-on-year growth in consolidated revenue for Q3 FY25, reaching ₹4,184 Crore compared to ₹3,523 Crore in the same period last year.
- The company's consolidated EBITDA for Q3 FY25 stood at ₹457 Crore, marking a 20% increase from ₹380 Crore in Q3 FY24, with profit after tax rising by 21% to ₹233 Crore.
Q2 FY25 Performance:
- The company's consolidated revenue reached ₹4,245 Crore for Q2 FY25, marking a 17% year-on-year increase from ₹3,621 Crore in Q2 FY24.
- EBITDA for Q2 FY25 rose to ₹482 Crore, representing a 20% year-on-year increase, achieving its highest-ever EBITDA.
UNO Minda is focused on strategic expansion aimed at meeting the rapidly growing demand for casting components, particularly in electric two- and four-wheelers. With the accelerating shift towards electric mobility, aluminum die casting has become a critical enabler for developing lightweight and high-performance vehicle platforms, as electric vehicles require significantly more aluminum-based structural and thermal components compared to internal combustion engine vehicles.
UNO Minda first entered the two-wheeler alloy wheel segment in FY21 with a greenfield facility in Supa, Maharashtra, with an initial capacity of 4.0 million wheels. Since then, the company has almost doubled its production capacity at Supa to 8.0 million units.
Initia is the company's central mobility design studio with a focus on user-centric and feasible design. The company offers a range of services including transportation design, digital sculpting, UI/UX design, design strategy, and prototyping capabilities.
UNO Minda Ltd plans to establish a greenfield plant for high-voltage EV powertrain products, investing ₹423 Crore through a joint venture with Inovance Automotive. The project aims to enhance capabilities in the growing electric vehicle market. The company recently entered into a Technical License Agreement with AISIN, a Fortune Global 500 company, to manufacture sunroofs in India, with the Board approving a capital expenditure of ₹63 Crore for setting up a new sunroof manufacturing facility in Bawal.
UNO Minda's strategic positioning as a comprehensive automotive solutions provider, combined with its strong financial performance and commitment to innovation, particularly in the electric vehicle segment, makes it a significant player in India's automotive components industry. The company continues to expand its global footprint while maintaining its leadership position in the domestic market.
