Minda Corporation receives Presidential National Award
Minda Corporation Limited, a major player in the Indian automotive component manufacturing industry, has been awarded the prestigious 2024 Presidential National Disability Empowerment Award. This award, in the Best Employers for People with Disabilities category, highlights the company’s commitment to inclusion and empowerment through its flagship programme, Saksham. Dear President of India, Smt. Droupadi Murmu presented the award to Ms. Sarika Minda, Chairman, Spark Minda Foundation at a ceremony held at Vigyan Bhawan, New Delhi. Since its launch in 2015, the initiative has transformed the lives of more than 21,000 people with disabilities (PwD) by addressing mobility, education and employment needs. Empowerment through inclusion Saksham is an initiative of Spark Minda Foundation as its primary effort to empower people with disabilities. The program has employed over 1,200 persons with disabilities at Spark Minda Group's facilities and has established dedicated centers in Maharashtra, Uttar Pradesh and Uttarakhand. These centers provide skills training, livelihood opportunities and distribute assistive products such as prosthetics,…
Minda Corporation reports record revenue and profit growth
Minda Corporation Limited, the flagship entity of Spark Minda, reported its highest ever quarterly consolidated revenue of Rs 1,290 crore in the second quarter of FY25, up 8% year-on-year. The surge in revenue was accompanied by an operating profit margin of 11.4%, a year-on-year increase of 38 basis points. The company's profit after tax (PAT) rose to Rs 74 crore, up 26.5% year-on-year, taking the PAT margin to 5.8%. The increase in financial results was attributed to Minda Corporation's broad product portfolio and expanding customer base, as well as strategic efforts to premiumize its products. mind Half-year results and key financial indicators In the first half of fiscal year 2025, Minda Corporation achieved consolidated revenue of 2,482 billion rupees, an increase of 9.3% over the previous year. EBITDA for the half year was Rs 2.78 billion, with profit margins remaining at 11.2%. Profit after tax reached 1.39 billion rupees, a year-on-year increase of 33.2%, with a profit margin of 5.6%.…
Trone and Sports Facilities Corporation announce strategic
Trone and Sports Facilities Corporation announce partnership to collaborate on new business ventures. Clearwater, Florida— Sports Facilities Company (SFC), one of the nation’s leading operating partners for sports, entertainment and event facilities, announced a strategic partnership with Troon, a leader in providing golf club-related leisure and hospitality services. Troon and SFC will collaborate to develop new business opportunities, leveraging complementary strengths to serve existing and future clients. The partnership combines Troon’s global golf and club management expertise with SFC’s extensive experience in developing and managing sports, leisure and entertainment facilities, enabling both companies to enhance their offering and expand their reach. SFC has long been a major player in the sports and recreation industry, managing a large network of sports facilities across the U.S. They have been involved in more than 3,000 communities and overseen $15 billion in development projects, making them the partner of choice for planning, financing, developing and operating sports, recreation, entertainment and fitness centers. The strategic…
Minda Corporation and Sanco partner to promote electrification
Minda Corporation Limited, the flagship company of Spark Minda, has announced a strategic partnership with China’s Sanco Connecting Technology to develop advanced Electric Distribution Systems (EDS) for the Indian Electric Vehicle (EV) market. The collaboration will significantly enhance Minda Corporation’s product offerings in the fast-growing EV segment. Collaboration with Sanco to expand electric vehicle solutions The agreement is an important step in Minda Corporation's strategy to strengthen its position in the electric vehicle supply chain ecosystem. Under the partnership, Minda Corp and Sanco will collaborate on the development of various electric vehicle connection systems, including charging gun assemblies with sockets, busbars, battery contact systems, power distribution units (PDUs) and battery distribution units (BDUs). These products will be developed and manufactured locally, supporting the localization of the electric vehicle market in India. This collaboration is in line with Minda Corporation’s goal to provide comprehensive and customized EDS solutions to meet the evolving needs of electric vehicle manufacturers in India. The focus…
Minda Corporation signs technology licensing agreement with
Spark Minda's flagship company Minda Corporation has signed a technology licensing agreement with China's Sanco Connecting Technology, a market leader in electric vehicle (EV) connection systems. The collaboration will expand Minda Corporation's product portfolio in the growing EV industry, particularly in the field of electrical distribution systems (EDS). Minda Corp. and Sanco will jointly develop EV connection systems, charging gun assemblies with sockets and accessories, busbars, battery contact systems, power distribution units (PDUs), and battery distribution units (BDUs). This is also expected to enhance the vertical integration capabilities of Minda Corporation's wiring harness division and consolidate its position as a key player in the EV supply chain ecosystem. Also read: Minda WTunes649 infotainment system review: Modern and stylish Commenting on the development, Aakash Minda, Executive Director, said, "We are delighted to partner with SANCO and this collaboration marks a significant milestone in our journey to provide comprehensive and customized Electric Distribution System (EDS) solutions for the EV market. This collaboration…
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