UNO Minda , a leading auto components manufacturer, has announced significant changes to its senior management team, effective August 2025. The company has appointed new leaders for two crucial positions while bidding farewell to long-serving executives.

New CEO for ACS Domain

Sanjeev Kulkarni has been appointed as the new Chief Executive Officer (CEO) of the ACS Domain, effective September 1, 2025. Kulkarni brings over two decades of experience in the global auto component industry to UNO Minda. His expertise spans operations, quality management, lean manufacturing, and new product introduction.

Prior to joining UNO Minda, Kulkarni served as Sr. Director - Automotive (BU) India at Harman International, where he led sales, program management, and plant operations. He also held key leadership roles at Visteon for more than 11 years, overseeing manufacturing, quality systems, and plant performance.

Kulkarni's appointment follows the departure of Kulithalai Srinivasan Ramesh, who stepped down from his position as CEO of the ACS Domain on August 30, 2025.

New Group CHRO

Garima Garg has been named the new Group Chief Human Resource Officer (CHRO), taking charge on August 27, 2025. Garg brings over two decades of diverse HR leadership experience across manufacturing, consulting, and banking sectors.

Before joining UNO Minda, Garg was the CHRO at ReNew Manufacturing, where she led HR strategy for a 3,000+ workforce across renewable energy plants. Her career includes key HR leadership roles at ReNew Power, Deloitte, Hay Group, PwC, GE Capital, and HSBC.

Garg holds a PGDHRM from XLRI Jamshedpur and a Graduate Certificate in HR from Cornell University. She replaces Rakesh Mehta, who stepped down from the position of Group CHRO on August 27, 2025.

Voluntary Departures

Both Kulithalai Srinivasan Ramesh and Rakesh Mehta have voluntarily stepped down from their respective positions. The company expressed gratitude for their contributions during their tenure at UNO Minda.

Commenting on the changes, UNO Minda stated, "We are confident that the wealth of experience and industry knowledge brought by Sanjeev Kulkarni and Garima Garg will contribute significantly to our growth strategy and organizational development."

These strategic appointments reflect UNO Minda's commitment to strengthening its leadership team as it continues to navigate the evolving automotive landscape and drive innovation in the auto components sector.

UNO Minda , a prominent player in the automotive components industry, has successfully raised Rs 200 crore through the issuance of non-convertible debentures (NCDs) in a private placement. The company's NCD Committee approved the allotment of 20,000 debentures, each with a face value of Rs 1 lakh, on August 19, 2025.

Debenture Details

The NCDs were issued in two series, each worth Rs 100 crore:

These debentures are characterized as unsecured, listed, rated, redeemable, non-cumulative, and taxable. UNO Minda plans to list these NCDs on the BSE Ltd., which will serve as the designated stock exchange.

Interest Payment Schedule

The company has outlined the following interest payment schedule for the NCDs:

• Series 1: The first coupon payment is scheduled for October 29, 2025, with subsequent payments to be made annually until redemption.
• Series 2: The initial coupon payment is set for November 27, 2025, followed by annual payments until the maturity date.

Redemption Terms

Both series of NCDs will be redeemed at par on their respective maturity dates. Series 1 will mature after 1 year, 2 months, and 10 days, while Series 2 will mature after 1 year, 3 months, and 8 days from the date of allotment.

Regulatory Compliance

The issuance of these NCDs is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. UNO Minda has duly informed the National Stock Exchange of India Ltd. and BSE Ltd. about this development.

This strategic financial move by UNO Minda demonstrates the company's ability to leverage debt instruments for capital raising, potentially aimed at supporting its growth initiatives or optimizing its capital structure. As the automotive sector continues to evolve, such financial maneuvers may play a crucial role in positioning the company for future opportunities and challenges in the market.