Minda Corp Forms Joint Venture with Japanese Firm Toyodenso
Minda Corporation has entered into a joint venture agreement with Japanese automotive supplier Toyodenso Co. Ltd. on June 11, 2025. The partnership aims to manufacture and sell advanced automotive switches in India. Minda Corp will hold a 60% stake in the venture, while Toyodenso will hold 40%. The joint venture's board will consist of 3 directors, with Minda Corp nominating 2 and Toyodenso nominating 1.
Minda Corporation's Q4 results show revenue growth of 8.70% to ₹1,321.00 crore and EBITDA increase of 10.30% to ₹152.90 crore. However, net profit declined by 26.50% to ₹52.00 crore. The company reappointed Ashok Minda as chairperson and group CEO.
02May 25
Minda Corporation Bolsters Leadership: Appoints Hitendra Mishra as CEO of Die Casting Division
Minda Corporation has appointed Hitendra Mishra as the new CEO of its Die Casting Division, effective May 02, 2025. Mishra brings 32 years of industry experience and a strong academic background, including a B.Tech in Mechanical Engineering and an MBA. This appointment signals Minda's commitment to strengthening its leadership and potentially driving growth in the die casting segment. The announcement was made in compliance with SEBI regulations.
21Mar 25
Minda Corporation Raises ₹100 Crore Through Commercial Paper Issuance
Minda Corporation, an automotive component manufacturer, has issued commercial paper worth ₹100 crore. The paper, with a face value of ₹5,00,000 per security, was issued on March 21, 2025, and will be redeemed on June 20, 2025. It carries a discount rate of 7.89% p.a. and has been listed on the National Stock Exchange of India Limited. This move demonstrates Minda Corporation's ability to access cost-effective short-term financing, potentially for managing working capital or funding short-term projects.
19Mar 25
Minda Corporation Raises ₹150 Crore Through Commercial Paper Issuance
Minda Corporation, an automotive component manufacturer, has issued commercial paper worth ₹150 crore with a face value of ₹5,00,000 per security. The paper, issued on March 18, 2025, will be redeemed on June 17, 2025, at a discount rate of 7.95% per annum. Simultaneously, the company redeemed a previous ₹100 crore commercial paper issued on January 6, 2025. This move indicates active management of short-term liquidity by Minda Corporation.
18Mar 25
Minda Corporation Raises ₹150 Crore Through Commercial Paper Issuance
Minda Corporation, an automotive component manufacturer, has issued commercial paper worth ₹150 crore and simultaneously redeemed a previous ₹100 crore paper. The new issuance, dated March 18, 2025, has a face value of ₹5,00,000 per security, a discount rate of 7.95% per annum, and will mature on June 17, 2025. It's listed on the National Stock Exchange with ISIN INE842C14107. This financial move aims to enhance short-term liquidity and demonstrates active management of short-term financial instruments.