29th Annual Report 2020-21
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Transforming the present

Reimagining the future

MIL is Prepared for Tomorrow’s Potential

Achieved completion of merger of Harita Seating Systems Ltd with Minda Industries Ltd

Allowing us to diversify our reach while reinforcing our product portfolio

We Embarked on our Organisation and Business Transformation

We have Reimagined, redesigned and realigned our businesses, processes and systems to be a future ready and Sustainable Organisation

Key Highlights for the Year

Revenue reported a marginal growth despite COVID-19 impact in H1

Revenue at ₹ 6,374 Crores 2%

Earnings Before Interest, Tax, Depreciation and Amortisation
recorded a decent growth

EBITDA at ₹ 725 Crores 8%

Margins improved by 60 bps from 10.8% in FY20 to 11.4% in FY21

Profit after Tax improved significantly

PAT at ₹ 207 Crores 33%

Margins improved by 70 bps from 2.5% in FY20 to 3.2% in FY21

What is
Transformation?

A conscious choice turned into reality with planning and hard work.

What is
Reimagination?

A completely open possibility waiting to be explored and leveraged.

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Group Vision

To be a Sustainable Global organisation that enhances value for all its Stakeholders, attains Technology Leadership and cares for its people like a Family.

Values

Customer is
Supreme
Live Quality
Encourage Creativity
and Innovation
to Drive People,
Process & Products
Respect for
Individual
Respect for
Work-Place Ethics

The Vision Decoded

Sustainable

A business model that is dynamic, responsive, self-evolving and resilient over time, which meets the needs of the present without compromising the ability to meet the needs of future. It successfully manages technological, financial, social, and environmental risks, obligations, and opportunities, from time to time.

Global

Having manufacturing footprints in all major geographies globally i.e. Asia, Africa, Europe, North America, and South America.

Technology Leadership

UNO MINDA would attain leadership in technology of its products and processes through JV partners, own R&D, Contract research, and M&A.

Employee Care

UNO MINDA would

  • Be like a family that employees could relate to and feel that they are a part of it - company and employees would care for each other at all times
  • Grow its employees so that they are able to realise and unlock their full potential

Stakeholders

Customer
Employees
Suppliers
Technical
Collaborators
Community
Shareholders

transforming
value creation

  • Our
    Resources
  • Process
  • Output
Financial Capital
  • ₹3,298 Crore Capital employed
  • ₹455 Crore Cash capital invested
Manufacturing Capabilities
  • 71 Manufacturing sites
  • 20+ Product lines
Intellectual Capital
  • 5% Investments in R&D
  • 275+ Patents filed
  • 250+ Designs registered
  • 15 R&D & Engineering centres globally
Social and relationship capital
  • ₹7 Crore CSR expenditure
  • 60+ Customers
  • 300+ Vendors
  • 18 Partners
Human capital
  • 23,000+ Employees
  • 4:1 Gender Composition
  • 23:1 Domestic : International
Natural capital
  • 15,36,894Kw Energy Generated from Renewable Sources
  • 3,000+ Trees Planted
R&D and innovation
Client Collaborations
New Products and Features
Testing and Approvals
Production Lines
Distribution and Touchpoints
OEMs and Aftermarket

Our Products

  • Switches
  • Lightings
  • Acoustics
  • Casting
  • Seatings
  • Others

Growth Opportunities

  • Favourable Regulatory Norms
  • Premiumisation
  • Enhanced Safety
  • Electronification and EVs
  • Export Focus
World-class investment case
  • ₹6,374 Crore Revenues
  • 11.4% EBITDA Margins
Diverse Product Portfolio
  • Switches Largest Manufacturer
  • Acoustics Largest Manufacturer
  • Alloy Wheels Largest Installed Capacities
Our people
  • 15 Years+ Average Experience
  • 10,000 + Permanent Employees
Reduced Environment Impact
  • 79,37,500 kw Energy Saved
Social Uplift
  • ₹87 Crores Income Tax
  • 9,000+ People Benefitted
  • 600+ Students Trained
  • Our Resources
  • Process
  • Output
Financial Capital
  • ₹3,298 Crore Capital employed
  • ₹455 Crore Cash capital invested
Manufacturing Capabilities
  • 71 Manufacturing sites
  • 20+ Product lines
Intellectual Capital
  • 5% Investments in R&D
  • 275+ Patents filed
  • 250+ Designs registered
  • 15 R&D & Engineering centres globally
Social and relationship capital
  • ₹7 Crore CSR expenditure
  • 60+ Customers
  • 300+ Vendors
  • 18 Partners
Human capital
  • 23,000+ Employees
  • 4:1 Gender Composition
  • 23:1 Domestic : International
Natural capital
  • 15,36,894Kw Energy Generated from Renewable Sources
  • 3,000+ Trees Planted
R&D and innovation
Client Collaborations
New Products and Features
Testing and Approvals
Production Lines
Distribution and Touchpoints
OEMs and Aftermarket

Our Products

  • Switches
  • Lightings
  • Acoustics
  • Casting
  • Seatings
  • Others

Growth Opportunities

  • Favourable Regulatory Norms
  • Premiumisation
  • Enhanced Safety
  • Electronification and EVs
  • Export Focus
World-class investment case
  • ₹6,374 Crore Revenues
  • 11.4% EBITDA Margins
Diverse Product Portfolio
  • Switches Largest Manufacturer
  • Acoustics Largest Manufacturer
  • Alloy Wheels Largest Installed Capacities
Our people
  • 15 Years+ Average Experience
  • 10,000 + Permanent Employees
Reduced Environment Impact
  • 79,37,500 kw Energy Saved
Social Uplift
  • ₹87 Crores Income Tax
  • 9,000+ People Benefitted
  • 600+ Students Trained

Message FROM
the Chairman

Like most companies worldwide, the COVID-19 pandemic significantly impacted our business. As our immediate response, we focussed on making our plants, distribution centres and offices safe for our people. Our operations and EHS teams worked promptly to ensure safety. At all our workplaces.

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CFO Speaks

CHAIRMAN Speaks

Message FROM
the CFO

The global economic order underwent significant transformations due to disrupted supply chains and other movement-limiting restrictions. This crisis made us perceive the same world and activities differently, resulting in newer innovations.

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