Minda Corporation, flagship company of Spark Minda, which was part of the erstwhile Minda Group, is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. Spark Minda is a significant player in the global automotive industry and it is one of the prominent manufacturers of automotive components for the OEMs and Tier-I suppliers.

The company has a strong global and domestic footprint. Its strategic approach is further strengthened by a team of engineers, strategic partnerships, and a strong R&D-centric framework driving innovation and long-term value creation. This foundation enables Minda Corporation to consistently pursue excellence, uphold ethical standards, and drive long-term value creation for all stakeholders.

At the core of Minda’s strategic roadmap lies a strong emphasis on Research and Development (R&D) as a pillar for innovation, premiumisation, and long-term competitiveness. Minda’s technological leadership is validated by its rapidly growing patent portfolio. The company’s focus areas encompass advanced telematics, security safety systems, integrated driver information displays, and intelligent connector systems, High voltage connectors and a growing suite of electronics and EV components tailored for nextgeneration mobility solutions. These innovations are tailored to support the automotive industry’s shift toward connected, electronic, and electrified mobility. 

Complementing its in-house R&D efforts, Minda Corporation has established a robust ecosystem of strategic alliances to accelerate its technology roadmap and broaden product offerings. The strategic partnership with Flash Electronics is the market leaders for motor, motor controllers, vehicle control units, etc. enables Minda to jointly develop and scale EV powertrain solutions such as motors, motor controllers, vehicle control units, battery chargers, and DC-DC converters. This alliance creates one of India’s fastest-growing EV platforms, offering a synergised product portfolio across 2W, 3W, and PV segments.

The company’s flagship Spark Minda Technical Centre (SMIT) serve as hubs of technological advancement, equipped with cutting-edge tools and staffed by a team of highly skilled engineers and researchers.

Business area of the company

Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. 

Business Verticals

• Mechatronics
• Information and connected systems
• Plastics and interiors
• Advanced technologies
• Electric vehicles and electronics
• After market

Awards and achievements:

• ACMA for Excellence in Technology (2010 - Gold).
• BAJAJ (Gold Award) 2011.
• BAJAJ ( Platinum Award) 2012.
• Yamaha Gold Award (in category of Development) 2012.
• BAJAJ (TPM Excellence Award) 2013.
• Yamaha (Silver Award) for Quality - 2013.
• ACMA for Excellence in Technology (2013-Bronze).
• Yamaha (Bronze Award) for Cost - 2014.
• HMSI Excellent Performance for Delivery Targets 2014 - 15.
• BAL “Q” Award (in category of Outstanding Quality Performance 2014.
• Quality Circle Forum of India - Gold Award 2014.
• Yamaha Global Award Excellence in Cost Innovation 2015.
• ACMA for Certification of Membership 2015 - 16.
• Suzuki Motors Vendor Performance Award for Special Cost Reduction support 2015-16.
• Suzuki Motors Vendor Performance Award for New Development 2015-16.
• CSR Impact Award at India CSR Summit 2017
• Silver Award for Best in class Performance in Business Alignment; Supplier Summit 2017
• Minda Corporation Limited has been recognized with the most prestigious award ‘Golden Peacock Award for Excellence in Corporate Governance 2018’ in ‘Special Commendation’ category.
• MINDA SAI LTD received the most prestigious appreciation award for delivery 2018 from Yamaha Motor.
• Minda Stoneridge bags Silver Award in HSE Excellence in the ACMA Technology Summit & Awards 2019.
• National CSR Award 2019-20
• The Company was the 1st Runner Up for the category ‘Best Employer for PWDs’ at the ASSOCHAM’s Diversity and Inclusion Awards 2021.
• ACI Awards 2021 Winner for components shop floor management of the year
• Minda Stoneridge Instruments Limited wins GOLD AWARD in Energy Conservation 2021 organized by QCFI.
• Security Systems Division of MCL Pune wins GOLD AWARD at Energy Conservation Competition 2021 organized by QCFI.
• 42nd CII Kaizen Competition PLATINUM AWARD in Maintenance/ Quality- 2022
• 16th Bava Kaizen Competition, 1st Runner UP in Quality- 2022
• 4 Gold and 4 Silver Awards in CCQC Pune
• Gold Award by QCFI to WHD Pune
• Gold Awards by QCFI in CCQC- 2022 Pune Chapter
• Quality Circle 18 nos awards by QCFI
• EcoEdge Award by Skoda VW
• Platinum Award by CII to MCL Pantnagar
• TPM Strong Commitment by CII TPM Club
• President’s National Award for the Empowerment of Persons with Disabilities 2024 (Best Employer for Persons with Disabilities)

Milestones

• 1958: Foundation of Group by late S.L. Minda
• 1988: MCL, Noida (formerly known as Minda Switch Auto Ltd.)
• 1995: Established Minda Wirelinks
• 1995: Minda Huf JV
• 2003: Formed Minda SAI Ltd. (through merger of Sylea Automotive India Ltd. & Minda Wire links)
• 2003: Acquired Sylea Automotive India Ltd.
• 2004: Minda Stoneridge JV.
• 2005: Setup PTMA, Indonesia.
• 2006: The company has terminated the Joint Venture Agreement with Huf Hulsbeck & Furst GmbH & Co. KG, Germany with effect from October 28, 2006.
• 2007: Setup Japan Engg. Office.
• 2007: Acquired KTSN in Germany.
• 2007: Minda Furukawa JV.
• 2007: Minda Valeo JV.
• 2007: Minda Silca JV.
• 2007: The name of the company has been changed to Minda Corporation Limited with effect from March 28, 2007.
• 2008: Acquired Schenk Plastic Solutions in Germany.
• 2008: Acquired Schenk Plastic Solutions in Czech.
• 2009: Setup Minda Vietnam Co. Ltd.
• 2009: Setup Minda Automotive Solutions in Uzbekistan.
• 2009: Acquired ALU Automotive in Germany.
• 2010: UzMinda LLC JV.
• 2010: Acquired Aksys, Plant Koengen in Germany.
• 2010: Acquired Tectro in Poland.
• 2011: New Group logo and brand identity ‘Spark Minda’
• 2012: Setup representative office of Minda Stoneridge Instruments Limited in Russian Federation.
• 2012: PT Minda Automotive Indonesia starts their operations.
• 2012: Minda Vietnam Automotive Company Limited starts their operations.
• 2012: Minda Automotive Solutions limited starts their operations.
• 2013: Group Corporate office -Minda Management Service Ltd. set up in Gurgaon.
• 2014: Listing of Company on NSE and BSE.
• 2014: CSR integrated automotive component manufacturing unit set up at Tihar Jail.
• 2015: Wiring Harness Assembly Unit inaugurated under Business Integrated CSR at Yerwada Central Prison, Pune.
• 2015: Spark Minda, & Vehicle Access Systems Technology LLC (VAST), USA enter into a joint venture – Minda VAST.
• 2015: Minda KTSN Plastic Solutions starts a Greenfield Project in Czech Republic.
• 2016: Spark Minda initiates CSR integrated lock body assembly manufacturing unit set up at Aurangabad Central Prison.
• 2016: Spark Minda Technical Centre set up in Pune.
• 2016: MKTSN Plastic Solutions starts a new plant – Minda KTSN Plastic Solutions Mexico, S. de R.L. de C.V. in Mexico.
• 2016: MKTSN Plastic Solutions sings JV with Shandong Beiqi Hai Hua Automobile Co (a BAIC Group Subsidiary) and begins operations in China. Minda China Plastic Solutions Ltd.
• 2017: Spark Minda acquires EI labs to enhance Group’s expertise in connected mobility and IoT solutions.
• 2017: MKTSN Plastic Solutions inaugurates new plant in Mexico.
• 2018: Spark Minda sets up manufacturing unit at Yerwada Jail, Women cell for Lock Body Assembly Unit.
• 2018: Spark Minda sets up manufacturing unit for Nagpur Central Jail for Wiring Harness.
• 2018: Inaugaration of Minda Corporation, Die casting new plant at Pune.
• 2018: Spark Minda inaugurates Spark Minda Technical Centre at Pune.
• 2019: Merger of domestic group companies with Minda Crop.
• 2019: Technical assistant agreement signed with Korean Company INFAC for Antenna System.
• 2020: Establishment of Electronics manufacturing excellence, Pune.
• 2020: TLA with Israel based company Ride vision for two-wheeler ADAS.
• 2022: Foray into B2C segment- launch of Spark Minda helmets.
• 2022: Minda Stoneridge 100% subsidiary.
• 2022: TLA with Daesung Eltec and LocoNav.
• 2022: Inauguration of 28th manufacturing facility in Chakan, Pune.
• 2023: Launch of wiring harness division plants in Pune and Hosur.
• 2024: Achieves 1 million Smart Keyless System milestone for India & Global markets.
• 2024: Signed joint venture agreement with HCMF for automatic sunroof and closure system.
• 2024: Signed technology licensing agreement with Sanco to offer electrical distribution systems solutions for EV market.
• 2025: MCL acquire stake in Flash Electronics, India, a leading manufacturing of Powertrain & EV components.
• 2025: Spark Minda forms JV with Toyo Denso, Japan, for automotive switches.