Latest Release
Minda Industries Limited (MIL), the flagship company of the Rs.1000 crore NK Minda Group, announced its unaudited financial results for the quarter ended 30th September 2008.
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MindaRika and Minda Industries Limited, group companies of N K Minda Group won the Gold trophy in Manufacturing and Technology at the 48th ACMA, Annual Session and National Conference at New Delhi.
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Minda Industries Limited (MIL), the listed arm of the Rs.1000 crore NK Minda Group today announced the opening of its latest factory at Bidadi, Bangalore for the manufacture of Blow Moulding Parts.
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Minda Industries Limited wins the National R&D Award 2007 by Department of Scientific & Industrial Research, Ministry of Science & Technology
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Minda Industries Limited (MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces financial results for Q2 of 2007-2008 Sales grow by 31.24 %; PAT up at Rs. 428.74 lakh
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Minda Industries Limited (MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces financial results for Q1 of 2007-2008 Sales at 9155.41 lakhs; PAT up at. 269.18 lakh
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NK Minda Group announces its foray into Starter Motors & Alternators in a joint venture with Valeo of France To set up the manufacturing facility at chakan,Pune
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Minda Industries Limited (MIL), the flagship company of the Rs. 775 crore NK Minda Group, announced its audited annual results for the year 2006-2007. The sales for the year 2006-2007 clocked an impressive growth of over 44.22 % from the FY 2006-2007. The net sales grew from 268.05 Crore in FY 2005-2006 to Rs. 386.60 crore in FY 2006-2007.
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Minda Industries Limited, the flagship company of the Rs. 545 crore NK Minda Group, was awarded the Automotive Component Manufacturer of the Year 2007 at a glittering ceremony at New Delhi last evening, by The Auto Monitor. The Auto Monitor Award for received by Mr. NK Minda, Managing Director, Minda Industries Limited.
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India's largest manufacturer of 2/3 wheeler switches. will now be traded on NSE as well. The shares of Minda Industries Limited (MIL) the flagship company of NK Minda group was today listed on the National Stock Exchange, vide their circular dated 31st January 2007.
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Minda Industries Limited (MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces financial results for Q3 of 2006-2007 Sales grow by 44.76 %; PAT grows by 14.25 % to Rs.411.72 lakh
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Minda Industries Limited (MIL) announces its foray into Automotive Batteries in collaboration with FIAMM S.p.A, Italy. To invest Rs.40 Crore in setting up Battery Unit at Pantnagar, Uttranchal
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Minda Industries Limited(MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces audited financial results for FY 2005-2006. Sales grow by 36.58 %; PAT grows by 26.82 %; EPS grows by 27.68%
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Latest Financial Release
Minda Industries Limited (MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces financial results for Q1 of 2006-2007. Sales grow by 44.7 %; PAT grows to Rs. 261.38 lakh
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Press Release
New Delhi
October 24, 2008

Minda Industries Limited (MIL), the flagship company of the Rs.1000 crore NK Minda Group, announced its unaudited financial results for the quarter ended 30th September 2008.

The sales for Q2 in 2008-2009 were Rs. 12,779.00 lakh up from Rs.10,913.87 lakh in Q2 2007-2008 marking an increase of 17% over last year.

Profit after tax was up to Rs. 332.09 lakh in the same quarter.

The earning per share was Rs. 3.16 in the quarter ended June 30, 2008.

“Our topline has grown 17% over last year, which given the circumstances is a very good figure. We have managed to bring about better productivity within our facilities by focusing on increased efficiency, so the recessionary economy has not impacted our bottomline much. We are hopeful that the things will improve and will ease the pressure on our bottomline shortly” says Mr. N.K. Minda, Chairman & Managing Director, Minda Industries Limited.

MIL is the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally.

About Minda Industries Limited
Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lighting and batteries for automobiles (2/3 & 4 wheelers). MIL has also entered into Blow Moulding for which it is setting up a plant at Bidadi near Bangalore in Karnataka, in Technical Agreement with Kyoraku of Japan. MIL is a Rs. 3961 million (US $ 95 million) company and is on a rapid expansion spree. It is geared to take on global competition and is spreading its wings into the ASEAN market where it has already established itself. It is on its way to becoming the favoured vendor for 2/3 wheeler switches and Lighting globally.

Minda Industries has its manufacturing plants in Manesar, Baddi, Pune, Aurangabad, Pantnagar and Bidadi and has over 2800 employees. NK Minda Group also has a manufacturing facility in Indonesia, looking after the ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 238 million (over Rs.1000 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns, Batteries, Alternate Fuel kits, Mirrors, Blow Molding, Electronic Starter Motors & Alternators and Electronic BCU’s. NK Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan; Fiamm S.p.A, Italy; Valeo, France and Kyoraku, Japan.

For more information, please contact:

Media Contact
Sunil Kumar Singh / Shriya Jain
finesse PR
+91 11 43056200 (30 lines)
sunil@finessepr.com
shriya@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
27022460 / 27013586
amitazad@finessepr.com

 

Press Release
New Delhi
September 05, 2008

N K Minda Group, one of the foremost manufacturers of automotive components in the country, was awarded for excellence in Technology and Manufacturing sector at the 48th ACMA, Annual Session and National Conference at The Ashok, Chanakyapuri, New Delhi. The awards were received by Mr N K Minda Group, CMD, N K Minda Group.

MindaRika, the country’s largest four wheeler switches manufacturer and a joint venture with Tokiarika of Japan, won the ACMA award for excellence in Manufacturing.

Minda Industries Limited won the award for excellence in Technology sector. Minda Industries Limited is the flagship company of the NK Minda Group that designs, develops, manufactures switches for 2/3 wheelers and off road vehicles.

The ACMA awards salute excellence by automotive Manufacturers in their respective fields. This time there was a stiff competition between the competitors. Lumax Industries limited and Tata Johnsons Control Automotive Limited were awarded the silver trophy in manufacturing, where as Clutch Auto limited was given the silver trophy in technology division. Subros managed to grab the bronze trophy in manufacturing sector, while Sundaram Fasteners Limited was given the bronze trophy in technology.

Shri Santosh Mohan Dev, Hon’ble Minister for Heavy Industries and Public Enterprises was invited as the chief guest and Mr R C Bhargava- Chairman, Maruti Suzuki India Ltd was present there as the guest of honour.

“It is our endeavour to constantly improve and innovate and we are happy that our contributions are being acknowledged by our peer group. The ACMA awards for two of our group companies are a vindication of our belief that the focus on R&D and technology always pays in the long run”, says Mr. Nirmal k Minda, Chairman & Managing Director, NK Minda Group.

Minda Group has been consistently offering innovative products. N K Minda Group spends 3% of its annual turn over on R&D efforts so that it can remain ahead in technology. N K Minda Group was the first to set up its R&D facility in Japan. Also, in order to cater to the Asean countries, Minda Group has office in Indonesia as well. Recently N K Minda Group has forayed into the manufacturing of Seat Belts, locks and immobilizers so that it can cater to a wider market. They are also planning to increase their R&D expenditure to around 6%-7%.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 238 million (over Rs.1000 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns, Batteries, Alternate Fuel kits, Mirrors, Blow Moulding, Electronic Starter Motors & Alternators and Electronic BCU’s. NK Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan; Fiamm S.p.A, Italy; Valeo, France; and Kyoraku, Indonesia.

 

 

 

Press Release
Bangalore / New Delhi
September 01, 2008

Minda Industries Limited (MIL), the listed arm of the Rs.1000 crore NK Minda Group today announced the opening of its latest factory at Bidadi, Bangalore for the manufacture of Blow Moulding Parts. The facility has been set up in technical collaboration with Kyoraku, Indonesia and will supply blow moulded plastic parts to OEMs including Toyota.

MIL will invest a total of Rs.25 crore in the facility, out of which Rs.10 crores have already been invested. The company is targeting Rs.50 Crore topline from this venture in the next few years. The factory has come up in a 2 acre plot with 40,000 sq. ft. of covered area. The installed capacity of the plant is 6,00,000 parts per annum.

On the occasion, Mr. Nakagawa, Managing Director, Toyota Kirloskar Motors lauded the NK Minda Group’s commitment to quality and assured the Group of Toyota’s full support in its latest venture. He further said that “he hoped that the world will soon recognise India’s prowess as an automobile manufacturing hub.”

Mr. Nirmal K Minda, Managing Director, Minda Industries Limited said “it is a conscious effort on our part to add value added products to our product portfolio and blow moulding parts are the latest addition to this”. He further added that despite the present pessimistic scenario of the auto sector in the country, the future ahead for the sector is very bright and as Indian manufacturers improve quality and embrace technology, the world will soon realise India’s potential as the next global auto manufacturing hub.

Discussing the scenario about the auto component sector he also highlighted the fact that the NK Minda group is going ahead with its plans of expansion aggressively and expressed his confidence that MIL and the Group will both achieve the targeted growth rate of 30% plus in the present financial year.

Kyoraku, the technical collaborator in the Minda Blow Moulding Plant, is a US $400 million group and has strong client base in Japan and Indonesia for its blow Moulding parts. It is a leader in the ASEAN region for this.

Mr. Takayama from Kyoraku, Indonesia who was present at the occasion said that Kyoraku would provide MIL with the latest technology and will help it to keep abreast of the newest innovations that are happening in the field. He added that Kyoraku will provide MIL with all the help required to make MIL the category leader in this segment also.

About Minda Industries Limited:
Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lighting and batteries for automobiles (2/3 & 4 wheelers)

MIL is a Rs. 3961 million (US $ 95 million) company and is on a rapid expansion spree. It is geared to take on global competition and is spreading its wings into the ASEAN market where it has already established itself. It is on its way to becoming the favoured vendor for 2/3 wheeler switches and Lighting globally.

Minda Industries has its manufacturing plants in Manesar, Sonepat, , Pune, Aurangabad, Pantnagar and Bidadi and has over 2800 employees. NK Minda Group also has a manufacturing facility in Indonesia, looking after the ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 238 million (over Rs.1000 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns, Batteries, Alternate Fuel kits, Mirrors, Blow Moulding, Electronic Starter Motors & Alternators and Electronic BCU’s. NK Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan; Fiamm S.p.A, Italy; Valeo, France; and Kyoraku, Indonesia.

 

 

Press Release
Intelligent self cancellation blinkers wins the R&D Award for mechanical engineering

Minda Industries Limited has been declared as the Winner of the prestigious National R&D Award 2007 by the Department of Scientific & Industrial Research, Ministry of Science & Technology, Government of India. The company has been awarded for its outstanding contribution to the field of mechanical engineering.

MIL had been focusing for the development and commercialization of “Intelligent Non-Contact Handle Bar with Self Cancellation Blinkers” for the last few years. The Company has designed a completely new Handle bar control system for Motorcycles. The control system includes Left hand side handle bar switch, Right hand side handle bar switch, Mounting Bracket assembly for Self-cancellation blinker and electronic body control Unit for motorcycles.

MIL has become the first automotive component player in the world to design Non contact switching in Handle bar switches in the two-wheelers. MIL has also become the first player in India which has illuminated the symbols in Handle bar switches in two-wheelers. The company has created the Self-cancellation blinker mechanism and this is the first time for any bike lower than 200cc in the World. The company has also applied the Electronic Body control unit for control systems for the first time in India in any two-wheeler.

The product has brought a complete new business worth Rs.30 crore within 6 months of its commercialization from Bajaj Auto Ltd. The company has got this business keeping competition out and creating a completely new market. This has created new jobs, has got huge export potential, broadened the IPR Portfolio of the organization and started a new era of Electronic control system for Motorcycles.

The NK Minda group is consciously focusing on its R&D efforts to move up the value chain. Mr. Nirmal K Minda, Managing Director, Minda Industries Limited says that the group’s vision is to become the no.1 globally in its product lines and this cannot be possible without constant innovation and thrust on quality. “We have spent close to Rs.50 crores in setting up R&D facilities. We are the first Indian auto component player to have set up a R&D centre in Japan. Today our outlay is around 3% of our annual turnover and we plan to increase this to 6-7% over the next 5 years. In fact in our recent new JV with Valeo for Starter Motors and Alternators we have earmarked 10% of our total capital outlay of Rs.100-120 crores for R&D”, says Mr. Minda.

The product is a result of the joint effort, teamwork and dedication of Industrial designers, application engineers, electronics engineers and designers from both R&D centers of MIL, Manesar in Gurgaon and MIL, Pune. The newly designed control system is neatly packaged in ergonomically styled switch consoles which include domains such as Electro-magnetism, Optics and Electronics.

MIL is one of the leading players who have been consistently putting efforts towards the quality R&D activities. The company is the major supplier to the OEMs who believe in building the trust of the customers through the consistent supply of quality components. It has been able to keep the consistent faith among the customers throughout its many years of service. Today, MIL is the leading supplier to the domestic as well as the global OEMs. Slowly, its several years of hard work in the R&D activities have started to produce results.

“We are increasingly looking at introducing new technologies in our product lines. In fact one of our major focuses in our M&A activities is to acquire technology and R&D capabilities. We have already registered 15 designs and have filed for 4 patents and are confident of filing for more in the coming days”, says Mr. Minda.

About Minda Industries Limited
MIL is today the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally. Minda has recently started the production of batteries at its Pantnagar facility and this will start commercial production shortly.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi, Aurangabad & Pantnagar and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

National R&D Award of NK Minda Group

Press Release
New Delhi
October 24, 2007

Minda Industries Limited (MIL), the flagship company of the Rs. 832 crore NK Minda Group, announced its unaudited financial results for the quarter ended 30th September 2007.

The sales for Q2 in 2007 were up by 31.24%, from Rs. 8315.85 lakh in Q2 2006-2007 to Rs.10913.87 lakh in Q2 2007-2008.

Profit after tax was up to Rs. 269.18 lakh in the same quarter as compared to Rs. 261.38 lakh in Q1 2006-2007.

Profit after tax was up at Rs. 428.74 lakh in the same quarter, higher than Rs. 407.42 lakh in Q2 2006-2007.

The earning per share was Rs. 4.08 in the quarter ended September 30, 2007, up from Rs. 3.88 in Q2, 2006-2007.

“Our performance is slightly lower than the envisaged target of 40% top-line growth, but that has been keeping in mind the very abnormal negative growth seen in the last 6 months in the auto sector. We are hopeful that this is a short term issue and will change soon”, says Mr. N.K. Minda, Managing Director, Minda Industries Limited.

MIL is today the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally. Minda has already started the test production of batteries at its Pantnagar facility and this will start commercial production shortly.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi, Aurangabad & Pantnagar and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 203 million (over Rs.832 Crore) and is a leading supplier to Original Equipment Manufacturers.

For more information, please contact:

Media Contact
Nava Kumar Baro / Sunil Kumar Singh
finesse PR
91 11 27022460 / 27013586
nava@finessepr.com
sunil@finessepr.com

Analysts / Investor Relations
Amit Azad / Milton Singh
finesse PR
91 11 27022460 / 2701358691
amitazad@finessepr.com
milton@finessepr.com

Press Release
New Delhi
July 27, 2007

Minda Industries Limited (MIL), the flagship company of the Rs. 832 crore NK Minda Group, announced its unaudited financial results for the quarter ended 30th June 2007.

The sales for Q1 in 2007-2008 were Rs. 9155.41 lakh up from Rs. 8147.39 lakh in Q1 2006-2007.

Profit after tax was up to Rs. 269.18 lakh in the same quarter as compared to Rs. 261.38 lakh in Q1 2006-2007.

The earning per share was Rs. 2.57 in the quarter ended June 30, 2007, up from 2.49 in the quarter ended June 30, 2006.

“The slowdown in the auto sector has also led to a slowdown in the auto component sector. We have a firm belief that this slowdown is only temporary and once inflation is reigned in and the interest rates come down, we should see a reversal of this trend” says Mr. N.K. Minda, Managing Director, Minda Industries Limited. MIL is the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to commercially launch Battery from a greenfield facility in Pantnagar.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 189 million (over Rs.832 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Battery, Horns, Alternate Fuel Kits and Starter Motors & Alternators. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan, Fiamm S.p.A, Italy and Valeo of France.

For more information, please contact:

Media Contact
Milton Singh / Nava Kumar Baro
finesse PR
27022460 / 27013586 / 27018630
milton@finessepr.com
nava@finessepr.com

Investor Contact
Amit Azad
finesse PR
27022460 / 27013586
amitazad@finessepr.com

Press Release
New Delhi
July 24, 2007

The Rs.832 crore NK Minda Group today announced its Joint Venture Agreement with Valeo Electrical Systems (a 1085 M € company) of France. The venture is setting up a new plant at Pune to manufacture starter motors and alternators.

The new entity to be christened Valeo Minda Electrical Systems India Private Limited (VMESPL) will manufacture starter motors and alternators for cars. The JV agreement envisages that 66.7% equity will be held by Valeo and 33.3 % equity will be held by NK Minda Group.

The new company is investing around Rs.100 to 120 crore at Pune. This investment will be spread over 4 years and around 10 % of the total amount is earmarked for setting up an R&D lab at the new facility. The commercial production is likely to commence at Chakan in March 2008.

“We were looking for opportunities to enter into new segments in auto components in line with our core competency of manufacturing quality electrical components. Our foray into starter motors and alternators is part of our commitment to bring forth value added propositions and quality electrical components to our OEM customers”, says Mr. Nirmal K Minda, Managing Director, NK Minda Group.

On the occasion of the signing of the JV with Valeo Electrical Systems, Mr. Minda said, ”NK Minda Group is very happy to announce its JV with Valeo, which is the leading automotive supplier across the globe and known for its twin focus on quality and technology. We also believe that this is just the auspicious start to a long relationship and together we will serve our OEM customers better”

Thierry Morin, Valeo Chairman & CEO, said, “India is growing and modernizing at a rapid pace, creating great opportunities for global and local car makers as well as automotive suppliers. Valeo already operates three joint ventures in India and will continue to expand its presence in the country.”

The total OEM market for cars and MUV’s is currently slated to be 1.5 million starters and 1.5 million alternators respectively. This is growing at a rate of around 9 %.

VMESPL expects to achieve revenues of Rs. 275 crores ( 50 Million Euro) in the fifth year of operation. It will be focusing on manufacturing starter motors and alternators for passenger cars initially and after consolidation in the sector will look at HCV, LCV & 2-3 wheeler segments going forward.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of Rs. 832 crore (over US $ 203 million) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

NK Minda group also has a listed company Minda Industries Limited (MIL) which designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers) and has recently initiated a battery project at Uttaranchal.

About Valeo Group
Valeo is an independent industrial group dedicated to the design, production and sale of components, integrated systems and modules for cars and trucks. It is one of the world's leading automotive suppliers. The Group has 131 production sites, 68 R&D centers, 9 distribution platforms, and employs 71,100 people in 29 countries worldwide.

For more information, please contact:

Media Contact
Milton Singh / Nava Kumar Baro
finesse PR
27022460 / 27013586 / 27018630
milton@finessepr.com
nava@finessepr.com

Investor Contact
Amit Azad
finesse PR
27022460 / 27013586
amitazad@finessepr.com

Press Release
New Delhi
May 28, 2007

Minda Industries Limited (MIL), the flagship company of the Rs. 775 crore NK Minda Group, announced its audited annual results for the year 2006-2007. The sales for the year 2006-2007 clocked an impressive growth of over 44.22 % from the FY 2006-2007. The net sales grew from 268.05 Crore in FY 2005-2006 to Rs. 386.60 crore in FY 2006-2007.

In Q4 of FY 2006-2007, the sales (Rs. 12441.53 Lakhs) saw a leap of 43.32 % over the sales of Q4 of FY 2005-2006 (Rs. 8680.66 Lakhs).

The Profit after Tax of MIL for the FY 2006-2007 was Rs.1353.52 lakhs, up from Rs. 1295.48 lakhs for FY 2005-2006, witnessing an increase of 4.48%.

The earning per share was Rs. 12.58 in FY 2006-2007, up from Rs. 12.04 in 2005-2006, marking a rise of 4.48 %. The company has also proposed a dividend of 25 %, which is unchanged from last year.

Mr. N.K Minda, Managing Director, Minda Industries Limited, says “Though we have been able to maintain a healthy growth of over 40% in our topline, our bottomline has come under pressure. This is primarily due to the unprecedented increase in input costs (raw material)”. Elaborating on the steps being taken to address the issue he said, “We are further strengthening our processes to increase productivity. We are entering new product categories like automotive batteries where the margins are better. Other product diversifications and increasing thrust on exports should see us better placed in net profits in the coming year”.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). MIL is a Rs. 3866.07 million (over US $ 95.46 million) company and is on a rapid expansion spree. It is geared to take on global competition and has already made inroads into the ASEAN market. It is on its way to becoming the favoured vendor for 2/3 wheeler switches globally.

Minda Industries has its manufacturing plants in Manesar, Baddi, Pune, Hosur, Aurangabad, Mysore and Pantnagar and has over 2800 employees. NK Minda Group also has a manufacturing facility in Indonesia, looking after the ASEAN market.

About NK Minda Group
NK Minda Group is India ’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 121 million (over Rs.545 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Battery , Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

For more information, please contact:

Media Contact
Milton Singh / Nava Kumar Baro
finesse PR
27022460 / 27013586 / 27018630
milton@finessepr.com
nava@finessepr.com

Investor Contact
Amit Azad
finesse PR
27022460 / 27013586
amitazad@finessepr.com

Press Release
New Delhi
February 15, 2007

Automotive Component Manufacturer of the Year 2007 by Auto Monitor

Minda Industries Limited, the flagship company of the Rs. 545 crore NK Minda Group, was awarded the Automotive Component Manufacturer of the Year 2007 at a glittering ceremony at New Delhi last evening, by The Auto Monitor. The Auto Monitor Award was received by Mr. NK Minda, Managing Director, Minda Industries Limited.

The Auto Monitor awards salute excellence by automotive and automobile companies in their respective fields. The nominees for the award included Mico Bosch, Cummins, Amtek Auto, Minda Industries and Suprajit Engineering. Minda Industries Limited won the top honours for the Automotive Category.

“This is a vindication of our dedication to quality and innovation. The Auto Monitor awards are amongst the most respected in the industry and it is a great honour to be felicitated amongst our peers”, says Mr. NK Minda.

About the Auto Monitor Awards
The Auto Monitor Awards were instituted in the year 2004 and in a very short span of time they have come to be recognised as the most distinguished and most coveted award that honors the best the Indian automotive industry has to offer. The fact that the Auto Monitor Awards have been supported by all the industry bodies viz. ACMA (Auto Component Manufacturers Association), CII (Confederation of Indian Industries) & SIAM (Society of Indian Automobile Manufacturers) since its inception, has added to the stature of the Awards.

A team of eminent members from the industry and the Auto Monitor editorial team formed the jury, which evaluated all nominees to decide on the winners. The judging process was validated by Deloitte Touche Tohmatsu India.

About Minda Industries Limited
Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to manufacture Battery at a new facility in Pantnagar.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia , looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India ’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 121 million (over Rs.545 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Battery , Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

For more information, please contact:

Media Relations
Milton Singh
finesse PR
91 11 27022460 / 27013586
+919891430668 +919818077767
milton@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
91 11 27022460 / 2701358691
+919818077767
amitazad@finessepr.com

Press Release
New Delhi
February 02, 2007

The shares of Minda Industries Limited (MIL) the flagship company of NK Minda group was today listed on the National Stock Exchange, vide their circular dated 31st January 2007.

In a press release issued by NSE, the securities of MIL would be available for trading from 2nd February 2007 onwards. The shares would trade under the symbol of MINDAIND. The ISIN code of the company is INE405E01015

Shares of MIL are already listed on the Bombay Stock Exchange and traded under the symbol MINDA having share code 532539.The company has a total of 10506064 (One Crore Five Lakh Six Thousand and Sixty Four) outstanding shares. The face value of the shares is Rs.10/-.

Commenting on the listing of company’s share on NSE, Mr. Nirmal K Minda the Managing Director of the company said “This marks another major milestone in our effort to enhance stakeholder value. With this listing, our shareholders stand to gain the most as they will be able to trade more easily from even the farthest corners of the country”.

Minda Industries Limited (MIL) is the market leader for two and three wheeler switches and holds close to 70% market share. MIL also manufactures automotive lighting for 2,3 and 4 wheelers . The turnover of MIL for F.Y 2005-06 was Rs.305 crores and the company has been registering a 40% Compound Annual Growth Rate (CAGR) over the last three years.

In the recently declared Q3 results, Minda sales were up by a handsome 44.76% to Rs. 9755.93 lakh from Rs. 6739.26 lakh in Q3 2005-2006. PAT was up to Rs. 411.72 lakh marking an increase of 14.25% and the EPS was Rs. 3.92 marking an increase of 14 %.

For the F.Y. 2006 – 07 also the company is confident of achieving a 40% growth in revenues thus outpacing the industry average of 25% comfortably. MIL has embarked on a rapid expansion and has set aside Rs.200 – 250 crores for this purpose.

About Minda Industries Limited
Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to manufacture Battery at a new facility in Pantnagar.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 121 million (over Rs.545 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Battery, Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

For more information, please contact:

Media Relations
Milton Singh
finesse PR
91 11 27022460 / 27013586
+919891430668 +919818077767
milton@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
91 11 27022460 / 2701358691
+919818077767
amitazad@finessepr.com







PRESS RELEASE
New Delhi
January 29, 2007


Minda Industries Limited (MIL), the flagship company of the Rs. 545 crore NK Minda Group, announced its unaudited financial results for the quarter ended 31st December 2006.

The sales for Q3 in 2006 were up by a handsome 44.76% from Rs. 6739.26 lakh in Q3 2005-2006 to Rs. 9755.93 lakh in Q3 2006-2007.

Profit after tax was up to Rs. 411.72 lakh in the same quarter as compared to Rs. 360.37 lakh in Q3 2005-2006, marking an increase of 14.25%.

The earning per share was Rs. 3.92 in the quarter ended December 31, 2006, up from Rs. 3.43 in Q3, 2005-2006, marking an increase of 14 %.

“Our figures speak for themselves and allow us to keep our focus on delivering value for our stakeholders. We believe our growth is a result of our constant product innovations, client support as well as optimizing resource allocation”, says Mr. N.K. Minda, Managing Director, Minda Industries Limited.

MIL is today amongst the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally. Exports have started to become a major part of MIL offering and today the Minda seal of quality is available across the globe.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to manufacture Battery at a new facility in Pantnagar.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 121 million (over Rs.545 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Battery, Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

For more information, please contact:

Media Relations
Milton Singh
finesse PR
91 11 27022460 / 27013586
+919891430668 +919818077767
milton@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
91 11 27022460 / 2701358691
+919818077767
amitazad@finessepr.com

PRESS RELEASE
New Delhi
24th of July 2006

Minda Industries Limited (MIL) announces its foray into Automotive Batteries in collaboration with FIAMM S.p.A, Italy. To invest Rs.40 Crore in setting up Battery Unit at Pantnagar, Uttranchal

Minda Industries Limited (MIL), the flagship company of Rs.545 crore NK Minda Group today announced its plans to set up a new plant at Pantnagar, Uttranchal to manufacture automotive batteries. The Battery project targets automotive batteries for 2, 3 & 4 wheeler vehicles. The Battery project has technical collaboration with Europe’s leading automotive supplier FIAMM S.p.A of Italy.

The company is investing Rs.40 crores in setting up the battery plant at Pantnagar. The total capacity of the plant, when fully operational, would be 4 million batteries per annum. The plant is likely to be completed by December year and would commence production in the last quarter of the Financial Year 2006-07.

“We are looking at cornering a substantial part of the Batteries market in India and hope that like all other products of our portfolio, our batteries will also be well received by the OEMs. This Battery project is very close to our heart and is a major milestone in our diversification process”, says Mr. Nirmal K Minda, Managing Director, of Minda Industries Limited said.

Commenting on the tie up with FIAMM, Mr. Minda said, ”Minda shares a very strong relationship with FIAMM, which is a leading automotive supplier in Europe known for its quality products through emphasis on technology. Collaboration for the battery project also shows the confidence that FIAMM places in the NK Minda group in terms of absorption of technology and delivering of products of global standards”.

Minda will manufacture and market the Valve Regulated Lead Acid Battery (VRLA), a first for India, which is a sealed and leak-proof battery and completely maintenance free. In the 2.5 Ah segment, targeted at kick-start vehicles upto 150 cc, Minda will manufacture both the Conventional and maintenance free batteries and. In all other segments like 5 Ah to 50 Ah batteries for 2, 3 & 4 wheelers, Minda will manufacture Maintenance Free and VRLA batteries. The emphasis is to create batteries that are more attuned to Indian conditions. All conventional flooded batteries, conventional low maintenance free batteries and VRLA batteries will be manufactured under one roof at the Pantnagar facility.

MIL expects to clock revenues of Rs.50 crores in the first full year of operation from the batteries i.e.2007-08 and the projected revenues in the third year is Rs.125 crores. The company will be manufacturing batteries for the 2 Wheeler and 4 Wheeler segments. The range of batteries would be from 2.5 Ah to 50 Ah and would incorporate the latest technological advances in this field.

The collaboration is in the nature of a technical tie up where FIAMM would supply the technology for the product. The agreement also gives MIL the exclusive rights over FIAMM automotive batteries in India for sale as well as manufacture for the next 10 years. MIL also gets the exclusive rights to market and export 2W/3W batteries around the world.

MIL has earmarked Rs 200 – 250 crores for expansion plans including setting up new plants, diversifying into new product categories, Mergers & Acquisitions and expansion of current capacities. Mr. Minda stated that this is just a beginning for the number of new initiatives being undertaken at the group to enhance shareholder value by seeking to diversify into new growth categories.

The battery market in India is divided into two categories the OEM and Aftermarket. The OEM Market is estimated to be Rs. 348 crores while the Aftermarket is estimated to be Rs.1825 crores in the year 2007-08.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). MIL is a Rs. 3040 million (over US $ 66 million) company and is on a rapid expansion spree. It is geared to take on global competition and has already made inroads into the ASEAN market. It is on its way to becoming the favoured vendor for 2/3 wheeler switches globally.

Minda Industries has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 121 million (over Rs.545 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

For more information, please contact:

Media Relations
Milton Singh
finesse PR
91 11 27022460 / 27013586
+919891430668 +919818077767
milton@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
91 11 27022460 / 2701358691
+919818077767
amitazad@finessepr.com

PRESS RELEASE
New Delhi
June 03, 2006

Minda Industries Limited(MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces audited financial results for FY 2005-2006. Sales grow by 36.58 %; PAT grows by 26.82 %; EPS grows by 27.68%.

Minda Industries Limited (MIL), the flagship company of the Rs. 500 crore Minda Group, announced its audited annual results for the year 2005-2006. The sales for the year 2005-2006 clocked an impressive growth of over 35.5 % from the FY 2004-2005. The sales grew from 196.26 Crore in FY 2004-05 to Rs. 268.05 crore in FY 2005-2006.

In Q4 of FY 2005-2006, the sales saw a quantum leap of 53.98 % over the sales of Q4 of FY 2004-2005.

The Profit after Tax of MIL for the FY 2005-2006 was Rs.1295.48 lakhs, up from Rs. 1021.54 lakhs for FY 2004-2005, witnessing an increase of 26.82%.

The earning per share was Rs. 12.04 in FY 2005-2006, up from Rs. 9.43 in 2004-2005, marking a rise of 27.68 %. The company has also proposed a dividend of 25 %, which is unchanged from last year.

“Minda Industries is constantly outperforming the auto component sector financials. Our robust performance, our people and our facilities allow us to aspire for becoming a global leader in the segment”, says Mr. N.K. Minda, Managing Director, Minda Industries Limited. MIL is the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). MIL is a Rs. 2680 million (over US $ 59.5 million) company and is on a rapid expansion spree. It is geared to take on global competition and has already made inroads into the ASEAN market. It is on its way to becoming the favoured vendor for 2/3 wheeler switches globally.

Minda Industries has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

About Minda Group
Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 111 million (over Rs.500 Crore) and is a leading supplier to Original Equipment Manufacturers.

The Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy.

For more information, please contact:

Media Relations
Milton Singh
finesse PR
91 11 27022460 / 27013586
+919891430668 +919818077767
milton@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
91 11 27022460 / 2701358691
+919818077767
amitazad@finessepr.com






PRESS RELEASE
New Delhi
July 26, 2006

Minda Industries Limited (MIL), India’s largest manufacturer of 2-3 wheeler automotive switches, announces financial results for Q1 of 2006-2007. Sales grow by 44.7 %; PAT grows to Rs. 261.38 lakh.

Minda Industries Limited (MIL), the flagship company of the Rs. 545 crore NK Minda Group, announced its unaudited financial results for the quarter ended 30 th June 2006 .

The sales for Q1 in 2006 were up by a handsome 44.78%, from Rs. 5627.15 lakh in Q1 2005-2006 to Rs. 8147.39 lakh in Q1 2006-2007.

Profit after tax was up to Rs. 261.28 lakh in the same quarter as compared to Rs. 247.84 lakh in Q1 2005-2006.

The earning per share was Rs. 2.49 in the quarter ended June 30, 2006 , up from Rs. 2.36 in Q1, 2005-2006.

“Minda Industries is looking at top-line growth and this we have been able to achieve to a large extent in our Q1 performance and we hope to continue our sterling performance in the next 3 quarters. The bottom-line faces challenges when we are on a growth trajectory, but we are looking at entering new growth areas. We have already announced our plans to set up a battery plant at Pantnagar in Uttaranchal, with an initial investment of Rs. 40 crore. This plant is expected to add Rs. 50 crore to top-line in FY 2007-2008”, says Mr. N.K. Minda, Managing Director, Minda Industries Limited. MIL is the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to manufacture Battery at a new facility in Pantnagar.

Minda Industries Limited has its manufacturing plants in Gurgaon, Pune, Hosur, Delhi & Aurangabad and has over 1200 employees. Minda Group also has a manufacturing facility in Indonesia , looking after the booming ASEAN market.

About NK Minda Group
NK Minda Group is India ’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 121 million (over Rs.545 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Battery , Horns and Alternate Fuel kits. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan and Fiamm S.p.A, Italy .

For more information, please contact:

Media Relations
Milton Singh
finesse PR
91 11 27022460 / 27013586
+919891430668 +919818077767
milton@finessepr.com

Analysts / Investor Relations
Amit Azad
finesse PR
91 11 27022460 / 2701358691
+919818077767
amitazad@finessepr.com