- Total income
- ₹5,168 Cr
- Profit
- ₹255 Cr

About Minda Corporation Limited
Data last updated:
Minda Corporation Limited is a public limited company based in Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 11 March 1985 and has been in existence for over 41 years.
Minda Corporation is ranked #455 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Ashok Minda and family are #307 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1985PLC020401. Its GSTIN is 05AAACM0344C1Z9 (Uttarakhand). The company holds 45 GST registrations, of which 32 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 538962 and NSE: MINDACORP.
The company has an authorised share capital of ₹157.7 Cr and a paid-up capital of ₹47.82 Cr. It was formerly known as Minda Switch Auto Ltd and Minda Switch Auto Pvt Ltd. It is led by directors including Ashok Minda (Whole-Time Director) and Aakash Minda (Whole-Time Director).
Its last annual general meeting (AGM) was held on 21 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 15 Ashok Vihar Phase – 1, Delhi, India – 110052.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,185.3 Cr, a growth of 22.3% compared to the previous year. For the same year it recorded a net profit of ₹355.78 Cr (net margin 5.8%) and EBITDA of ₹721.1 Cr (EBITDA margin 11.7%). The net worth stands at ₹2,643.5 Cr (up 20% YoY). Total assets are valued at ₹4,193 Cr (up 8.3% YoY).
The company has about 3,061 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 2 joint ventures.
The company is associated with 1 brand: Spark Minda. As per MCA filings, the company has open charges of ₹1,649 Cr and satisfied charges of ₹770 Cr on record. Court records list 98 cases involving the company, including 28 filed by the company and 70 filed against it; 46 cases are pending. The company has 30 deals on record (19 market trades, 6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹827.2 Cr; the latest was in September 2025. The company has 56 MSME Form 1 returns on record between 2019 and 2024, listing 87,955 overdue payments to 1,111 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sparkminda.com.
Company details
Name history
Minda Corporation has undergone 3 name changes throughout its history. The company was previously known as Minda Switch Auto Ltd, Minda Switch Auto Pvt Ltd, and Minda Huf Limited. The current legal name is Minda Corporation Limited.
| Company Name | Status |
|---|---|
| Minda Corporation Limited | Current |
| Minda Switch Auto Ltd | Previous |
| Minda Switch Auto Pvt Ltd | Previous |
| Minda Huf Limited | Previous |
Recognitions & Rankings of Minda Corporation
- Valuation
- ₹12,460 Cr
- #307 Ashok Minda & family ₹12,300 Cr
Contact details
Minda Corporation Limited's registered office is in Delhi, Delhi. Its website is sparkminda.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 15 Ashok Vihar Phase – 1, Delhi, India – 110052
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Minda Corporation Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Minda Corporation operates one associated brand: Spark Minda. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and supplier of automotive components | sparkminda.com |
Business activity
The main business activity of Minda Corporation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Minda Corporation Limited, buy the company report.
Financials of Minda Corporation Limited
FY 2025-26 filings availableMinda Corporation Limited reported revenue of ₹6,185.3 Cr (up 22.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,185 | 5,056 | 4,651 | 4,300 | 2,976 | 2,368 | 2,813 |
| Revenue growth | +22.3% | +8.7% | +8.2% | +44.5% | +25.7% | -15.8% | - |
| EBITDA | 721 | 576 | 516 | 463 | 296 | 179 | (39.30) |
| EBITDA margin | +11.7% | +11.4% | +11.1% | +10.8% | +9.9% | +7.6% | -1.4% |
| Profit before tax | 384 | 336 | 308 | 298 | 208 | 80.10 | (154) |
| Net profit | 356 | 251 | 228 | 285 | 167 | 52.80 | (4.28) |
| Net profit margin | +5.8% | +5.0% | +4.9% | +6.6% | +5.6% | +2.2% | -0.2% |
| EPS (₹) | 15.08 | 10.69 | 9.51 | 11.90 | 8.03 | 2.21 | (8.82) |
| Balance sheet | |||||||
| Total assets | 4,193 | 3,870 | 2,567 | 2,347 | 1,872 | 1,702 | 1,624 |
| Net worth | 2,644 | 2,202 | 1,981 | 1,591 | 1,330 | 1,147 | 975 |
| Total debt | 1,472 | 1,610 | 535 | 713 | 506 | 528 | 620 |
| Cash & bank | 147 | 96.70 | 192 | 162 | 333 | 499 | 472 |
| Net working capital | 724 | 677 | 830 | 721 | 862 | 862 | 826 |
| Cash flow | |||||||
| Cash from operations | 676 | 544 | 287 | 387 | 167 | 85.50 | 450 |
| Cash from investing | (381) | (1,409) | 116 | (425) | 11.70 | (192) | (137) |
| Cash from financing | (267) | 788 | (358) | 74.30 | (161) | 65.20 | (249) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,846 | 1,704 | 1,560 | 1,535 | 1,386 | 1,321 | 1,253 | 1,290 |
| Revenue growth (YoY) | +33.2% | +29.0% | +24.6% | +19.0% | +16.2% | - | - | - |
| Other income | 126 | 8.30 | 3.37 | 2.95 | 3.29 | 3.33 | 9.09 | 11.65 |
| EBITDA | 212 | 203 | 179 | 178 | 156 | 153 | 144 | 147 |
| EBITDA margin | +11.5% | +11.9% | +11.5% | +11.6% | +11.3% | +11.6% | +11.5% | +11.4% |
| Depreciation | 68.81 | 58.70 | 57.71 | 57.08 | 56.05 | 56.81 | 50.36 | 51.22 |
| Interest | 31.46 | 29.54 | 28.56 | 30.99 | 32.80 | 34.50 | 11.90 | 11.08 |
| Profit before tax | 237 | 123 | 96.52 | 92.79 | 70.73 | 64.90 | 90.39 | 95.93 |
| Tax | 48.59 | 30.90 | 31.59 | 25.28 | 18.56 | 23.17 | 26.03 | 25.16 |
| Net profit | 188 | 92.53 | 64.93 | 67.51 | 52.17 | 41.73 | 64.36 | 70.77 |
| EPS (₹) | 8.75 | 5.21 | 3.58 | 3.54 | 2.73 | 2.18 | 2.71 | 3.11 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,017 | 4,144 | 3,908 | 3,492 | 2,735 | 2,289 | 2,130 |
| Revenue growth | +21.1% | +6.0% | +11.9% | +27.7% | +19.5% | +7.4% | - |
| EBITDA | 579 | 478 | 438 | 333 | 266 | 212 | (125) |
| EBITDA margin | +11.6% | +11.5% | +11.2% | +9.5% | +9.7% | +9.2% | -5.9% |
| Profit before tax | 314 | 277 | 260 | 225 | 178 | 114 | (201) |
| Net profit | 242 | 202 | 189 | 266 | 160 | 83.70 | 175 |
| Net profit margin | +4.8% | +4.9% | +4.8% | +7.6% | +5.9% | +3.7% | +8.2% |
| EPS (₹) | 10.10 | 8.62 | 7.89 | 10.07 | 6.70 | 3.50 | (10.62) |
| Balance sheet | |||||||
| Total assets | 3,763 | 3,584 | 2,316 | 2,145 | 1,690 | 1,579 | 1,280 |
| Net worth | 2,224 | 1,911 | 1,738 | 1,384 | 1,173 | 1,027 | 866 |
| Total debt | 1,484 | 1,621 | 533 | 724 | 487 | 528 | 388 |
| Cash & bank | 31.10 | 18.30 | 116 | 84.90 | 216 | 462 | 395 |
| Net working capital | 473 | 457 | 627 | 516 | 648 | 791 | 531 |
| Cash flow | |||||||
| Cash from operations | 588 | 468 | 242 | 375 | 140 | 85.20 | 296 |
| Cash from investing | (306) | (1,368) | 144 | (452) | 26.80 | (259) | (149) |
| Cash from financing | (271) | 822 | (354) | 108 | (160) | 172 | (134) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,401 | 1,370 | 1,263 | 1,249 | 1,135 | 1,083 | 1,037 | 1,058 |
| Revenue growth (YoY) | +23.5% | +26.5% | +21.9% | +18.1% | +17.3% | - | - | - |
| Other income | 2.05 | 8.23 | 29.18 | 4.17 | 9.95 | 5.56 | 10.49 | 13.00 |
| Total expenses | 1,239 | 1,200 | 1,119 | 1,111 | 1,011 | 961 | 914 | 934 |
| EBITDA | 161 | 170 | 145 | 137 | 124 | 122 | 123 | 124 |
| EBITDA margin | +11.5% | +12.4% | +11.5% | +11.0% | +10.9% | +11.3% | +11.8% | +11.7% |
| Depreciation | 49.86 | 48.89 | 47.73 | 47.63 | 47.12 | 47.79 | 42.49 | 42.38 |
| Interest | 30.96 | 29.83 | 28.84 | 31.05 | 32.76 | 34.46 | 11.75 | 10.93 |
| Profit before tax | 82.38 | 99.62 | 97.43 | 62.98 | 54.02 | 45.72 | 78.84 | 83.29 |
| Tax | 21.25 | 26.28 | 18.03 | 15.99 | 12.19 | 11.94 | 20.99 | 20.62 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,846 | 1,704 | 1,560 | 1,535 | 1,386 | 1,321 | 1,253 | 1,290 |
| Revenue growth (YoY) | +33.2% | +29.0% | +24.6% | +19.0% | +16.2% | - | - | - |
| Other income | 126 | 8.30 | 3.37 | 2.95 | 3.29 | 3.33 | 9.09 | 11.65 |
| EBITDA | 212 | 203 | 179 | 178 | 156 | 153 | 144 | 147 |
| EBITDA margin | +11.5% | +11.9% | +11.5% | +11.6% | +11.3% | +11.6% | +11.5% | +11.4% |
| Depreciation | 68.81 | 58.70 | 57.71 | 57.08 | 56.05 | 56.81 | 50.36 | 51.22 |
| Interest | 31.46 | 29.54 | 28.56 | 30.99 | 32.80 | 34.50 | 11.90 | 11.08 |
| Profit before tax | 237 | 123 | 96.52 | 92.79 | 70.73 | 64.90 | 90.39 | 95.93 |
| Tax | 48.59 | 30.90 | 31.59 | 25.28 | 18.56 | 23.17 | 26.03 | 25.16 |
| Net profit | 188 | 92.53 | 64.93 | 67.51 | 52.17 | 41.73 | 64.36 | 70.77 |
| EPS (₹) | 8.75 | 5.21 | 3.58 | 3.54 | 2.73 | 2.18 | 2.71 | 3.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,185 | 5,056 | 4,651 | 4,300 | 2,976 | 2,368 | 2,813 |
| Revenue growth | +22.3% | +8.7% | +8.2% | +44.5% | +25.7% | -15.8% | - |
| Other income | 15.20 | 32.40 | 15.70 | 15.80 | 56.90 | 33.20 | 56.80 |
| Total expenses | 5,464 | 4,480 | 4,136 | 3,837 | 2,680 | 2,189 | 2,852 |
| Employee cost | 934 | 782 | 728 | 626 | 474 | 383 | 503 |
| EBITDA | 721 | 576 | 516 | 463 | 296 | 179 | (39.30) |
| EBITDA margin | +11.7% | +11.4% | +11.1% | +10.8% | +9.9% | +7.6% | -1.4% |
| Depreciation | 230 | 204 | 166 | 138 | 112 | 93.60 | 118 |
| Interest | 123 | 68.70 | 57.10 | 42.30 | 32.00 | 38.80 | 54.00 |
| Profit before tax | 384 | 336 | 308 | 298 | 208 | 80.10 | (154) |
| Tax | 106 | 96.40 | 83.20 | 4.10 | 24.00 | 31.20 | 45.40 |
| Net profit | 356 | 251 | 228 | 285 | 167 | 52.80 | (4.28) |
| Net profit margin | +5.8% | +5.0% | +4.9% | +6.6% | +5.6% | +2.2% | -0.2% |
| EPS (₹) | 15.08 | 10.69 | 9.51 | 11.90 | 8.03 | 2.21 | (8.82) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.50 | 52.50 | 52.50 | 52.50 | 52.50 | 52.50 | 50.00 |
| Reserves & surplus | 2,592 | 2,150 | 1,929 | 1,539 | 1,278 | 1,095 | 925 |
| Shareholders' funds (net worth) | 2,644 | 2,202 | 1,981 | 1,591 | 1,330 | 1,147 | 975 |
| Minority interest | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,137 | 1,290 | 348 | 508 | 376 | 373 | 482 |
| Unsecured loans | 334 | 320 | 187 | 206 | 130 | 155 | 139 |
| Total debt | 1,472 | 1,610 | 535 | 713 | 506 | 528 | 620 |
| Total liabilities | 4,193 | 3,870 | 2,567 | 2,347 | 1,872 | 1,702 | 1,624 |
| Assets | |||||||
| Gross block | 2,698 | 2,433 | 1,948 | 1,650 | 1,386 | 940 | 815 |
| Net block | 1,602 | 1,507 | 1,207 | 1,026 | 887 | 613 | 570 |
| Capital work in progress | 158 | 85.20 | 63.20 | 85.20 | 32.50 | 17.80 | 28.40 |
| Investments | 1,558 | 1,476 | 348 | 451 | 64.20 | 180 | 176 |
| Inventories | 710 | 581 | 527 | 573 | 479 | 396 | 395 |
| Sundry debtors | 995 | 828 | 804 | 641 | 569 | 442 | 390 |
| Cash & bank balances | 147 | 96.70 | 192 | 162 | 333 | 499 | 472 |
| Loans & advances | 166 | 173 | 165 | 207 | 164 | 149 | 269 |
| Total current assets | 2,018 | 1,678 | 1,689 | 1,583 | 1,545 | 1,486 | 1,526 |
| Total current liabilities | 1,294 | 1,001 | 859 | 862 | 683 | 624 | 700 |
| Net working capital | 724 | 677 | 830 | 721 | 862 | 862 | 826 |
| Total assets | 4,193 | 3,870 | 2,567 | 2,347 | 1,872 | 1,702 | 1,624 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 75.90 | 152 | 108 | 70.80 | 53.10 | 94.70 | 30.30 |
| Net cash from operating activities | 676 | 544 | 287 | 387 | 167 | 85.50 | 450 |
| Net cash from investing activities | (381) | (1,409) | 116 | (425) | 11.70 | (192) | (137) |
| Net cash from financing activities | (267) | 788 | (358) | 74.30 | (161) | 65.20 | (249) |
| Net change in cash | 26.90 | (76.20) | 44.20 | 37.10 | 17.70 | (41.60) | 64.40 |
| Closing cash | 147 | 96.70 | 192 | 162 | 333 | 499 | 472 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +22.3% | +8.7% | +8.2% | +44.5% | +25.7% | -15.8% | - |
| EBITDA growth | +25.2% | +11.8% | +11.3% | +56.7% | +64.9% | +556.2% | - |
| PBT growth | +14.3% | +8.8% | +3.3% | +43.2% | +160.3% | +9998.0% | - |
| Net income growth | +41.9% | +10.1% | -20.0% | +70.1% | +217.1% | +1333.6% | - |
| Revenue CAGR (3Y) | +12.9% | +19.3% | +25.2% | +15.2% | -1.3% | -3.0% | +11.0% |
| EBITDA CAGR (3Y) | +15.9% | +24.9% | +42.2% | - | +0.2% | -13.4% | - |
| Profitability & leverage | |||||||
| Net income margin | +4.5% | +4.7% | +4.8% | +6.9% | +6.2% | +2.1% | -7.1% |
| Return on capital employed | +12.6% | +12.6% | +14.9% | +16.2% | +11.6% | +9.6% | +11.0% |
| Return on net worth | +11.5% | +11.5% | +12.6% | +20.2% | +13.0% | +8.5% | -0.4% |
| Debt / equity | 0.64 | 0.51 | 0.35 | 0.42 | 0.42 | 0.54 | 0.60 |
| Long-term debt / equity | 0.26 | 0.22 | 0.17 | 0.17 | 0.12 | 0.13 | 0.14 |
| Interest cover | 25.08 | 18.47 | 16.32 | 13.02 | 17.43 | 45.27 | -34.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.41 | 2.31 | 2.59 | 2.83 | 2.56 | 2.70 | 3.18 |
| Inventory turnover | 9.58 | 9.13 | 8.45 | 8.17 | 6.80 | 5.99 | 6.69 |
| Debtors turnover | 6.79 | 6.20 | 6.44 | 7.11 | 5.89 | 5.69 | 6.01 |
| EPS (₹) | 15.08 | 10.69 | 9.51 | 11.90 | 8.03 | 2.21 | (8.82) |
| Dividend per share (₹) | 1.40 | 1.40 | 1.40 | 1.20 | 1.00 | 0.65 | 0.35 |
| Book value per share (₹) | 110.44 | 91.97 | 82.70 | 66.40 | 55.49 | 47.82 | 42.84 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,401 | 1,370 | 1,263 | 1,249 | 1,135 | 1,083 | 1,037 | 1,058 |
| Revenue growth (YoY) | +23.5% | +26.5% | +21.9% | +18.1% | +17.3% | - | - | - |
| Other income | 2.05 | 8.23 | 29.18 | 4.17 | 9.95 | 5.56 | 10.49 | 13.00 |
| Total expenses | 1,239 | 1,200 | 1,119 | 1,111 | 1,011 | 961 | 914 | 934 |
| EBITDA | 161 | 170 | 145 | 137 | 124 | 122 | 123 | 124 |
| EBITDA margin | +11.5% | +12.4% | +11.5% | +11.0% | +10.9% | +11.3% | +11.8% | +11.7% |
| Depreciation | 49.86 | 48.89 | 47.73 | 47.63 | 47.12 | 47.79 | 42.49 | 42.38 |
| Interest | 30.96 | 29.83 | 28.84 | 31.05 | 32.76 | 34.46 | 11.75 | 10.93 |
| Profit before tax | 82.38 | 99.62 | 97.43 | 62.98 | 54.02 | 45.72 | 78.84 | 83.29 |
| Tax | 21.25 | 26.28 | 18.03 | 15.99 | 12.19 | 11.94 | 20.99 | 20.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,017 | 4,144 | 3,908 | 3,492 | 2,735 | 2,289 | 2,130 |
| Revenue growth | +21.1% | +6.0% | +11.9% | +27.7% | +19.5% | +7.4% | - |
| Other income | 49.30 | 37.80 | 14.20 | 41.90 | 46.30 | 30.30 | 47.90 |
| Total expenses | 4,438 | 3,666 | 3,470 | 3,159 | 2,469 | 2,077 | 2,256 |
| Employee cost | 784 | 664 | 617 | 534 | 436 | 362 | 335 |
| EBITDA | 579 | 478 | 438 | 333 | 266 | 212 | (125) |
| EBITDA margin | +11.6% | +11.5% | +11.2% | +9.5% | +9.7% | +9.2% | -5.9% |
| Depreciation | 191 | 171 | 136 | 110 | 103 | 89.70 | 82.30 |
| Interest | 123 | 67.80 | 55.70 | 40.20 | 31.40 | 38.60 | 41.20 |
| Profit before tax | 314 | 277 | 260 | 225 | 178 | 114 | (201) |
| Tax | 72.50 | 71.50 | 71.80 | (15.60) | 17.80 | 29.80 | 40.30 |
| Net profit | 242 | 202 | 189 | 266 | 160 | 83.70 | 175 |
| Net profit margin | +4.8% | +4.9% | +4.8% | +7.6% | +5.9% | +3.7% | +8.2% |
| EPS (₹) | 10.10 | 8.62 | 7.89 | 10.07 | 6.70 | 3.50 | (10.62) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.50 | 52.50 | 52.50 | 52.50 | 52.50 | 52.50 | 50.10 |
| Reserves & surplus | 2,172 | 1,858 | 1,686 | 1,332 | 1,120 | 974 | 816 |
| Shareholders' funds (net worth) | 2,224 | 1,911 | 1,738 | 1,384 | 1,173 | 1,027 | 866 |
| Secured loans | 1,100 | 1,252 | 348 | 508 | 376 | 412 | 284 |
| Unsecured loans | 385 | 369 | 185 | 216 | 112 | 116 | 105 |
| Total debt | 1,484 | 1,621 | 533 | 724 | 487 | 528 | 388 |
| Total liabilities | 3,763 | 3,584 | 2,316 | 2,145 | 1,690 | 1,579 | 1,280 |
| Assets | |||||||
| Gross block | 2,137 | 1,941 | 1,523 | 1,269 | 1,031 | 876 | 753 |
| Net block | 1,274 | 1,210 | 949 | 786 | 646 | 575 | 532 |
| Capital work in progress | 112 | 68.10 | 31.30 | 71.20 | 18.10 | 17.50 | 27.50 |
| Investments | 1,762 | 1,725 | 598 | 704 | 327 | 150 | 150 |
| Inventories | 520 | 448 | 416 | 457 | 393 | 375 | 323 |
| Sundry debtors | 712 | 629 | 613 | 478 | 451 | 428 | 327 |
| Cash & bank balances | 31.10 | 18.30 | 116 | 84.90 | 216 | 462 | 395 |
| Loans & advances | 147 | 155 | 172 | 194 | 137 | 145 | 67.50 |
| Total current assets | 1,410 | 1,250 | 1,317 | 1,214 | 1,197 | 1,410 | 1,112 |
| Total current liabilities | 937 | 792 | 690 | 698 | 549 | 618 | 581 |
| Net working capital | 473 | 457 | 627 | 516 | 648 | 791 | 531 |
| Total assets | 3,763 | 3,584 | 2,316 | 2,145 | 1,690 | 1,579 | 1,280 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 8.10 | 86.50 | 55.10 | 24.30 | 17.40 | 18.50 | 6.30 |
| Net cash from operating activities | 588 | 468 | 242 | 375 | 140 | 85.20 | 296 |
| Net cash from investing activities | (306) | (1,368) | 144 | (452) | 26.80 | (259) | (149) |
| Net cash from financing activities | (271) | 822 | (354) | 108 | (160) | 172 | (134) |
| Net change in cash | 10.60 | (78.40) | 31.40 | 30.80 | 6.90 | (1.10) | 12.20 |
| Closing cash | 31.10 | 18.30 | 116 | 84.90 | 216 | 462 | 395 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.1% | +6.0% | +11.9% | +27.7% | +19.5% | +7.4% | - |
| EBITDA growth | +21.2% | +9.2% | +31.4% | +25.4% | +25.7% | +268.9% | - |
| PBT growth | +13.2% | +6.6% | +15.7% | +26.4% | +56.8% | +9998.0% | - |
| Net income growth | +19.9% | +6.5% | -28.9% | +66.5% | +91.1% | -52.2% | - |
| Revenue CAGR (3Y) | +12.8% | +14.9% | +19.5% | +17.9% | +4.9% | +5.4% | +40.2% |
| EBITDA CAGR (3Y) | +20.2% | +21.6% | +27.5% | - | -1.7% | +1.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +4.8% | +5.0% | +4.8% | +6.9% | +5.9% | +3.7% | -11.3% |
| Return on capital employed | +11.9% | +11.7% | +14.2% | +15.2% | +12.8% | +10.6% | +14.7% |
| Return on net worth | +11.7% | +11.3% | +12.1% | +20.9% | +14.6% | +8.9% | +17.6% |
| Debt / equity | 0.75 | 0.59 | 0.40 | 0.47 | 0.46 | 0.48 | 0.39 |
| Long-term debt / equity | 0.28 | 0.24 | 0.18 | 0.18 | 0.13 | 0.15 | 0.12 |
| Interest cover | 31.78 | 22.06 | 18.46 | 18.00 | 19.25 | 31.69 | -19.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.46 | 2.39 | 2.80 | 3.04 | 2.87 | 2.81 | 3.18 |
| Inventory turnover | 10.37 | 9.60 | 8.96 | 8.22 | 7.12 | 6.56 | 7.40 |
| Debtors turnover | 7.48 | 6.67 | 7.16 | 7.52 | 6.23 | 6.07 | 5.50 |
| EPS (₹) | 10.10 | 8.62 | 7.89 | 10.07 | 6.70 | 3.50 | (10.62) |
| Dividend per share (₹) | 1.40 | 1.40 | 1.40 | 1.20 | 1.00 | 0.65 | 0.35 |
| Book value per share (₹) | 92.86 | 79.75 | 72.53 | 57.72 | 48.87 | 42.76 | 37.96 |
To see the full year-wise statements and ratios of Minda Corporation Limited, buy the company report.
Board of directors of Minda Corporation Limited
Minda Corporation has 7 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Minda Also directs: Minda Capital Private Limited, Minda Vast Access Systems Private Limited, Flash Electronics (India) Private Limited and 3 more | Whole-Time Director | 22 Jul 1987 | 39 Years 3 Months | Current |
| Aakash Minda Also directs: Minda Capital Private Limited, Flash Electronics (India) Private Limited, Minda Spectrum Advisory Limited. and 4 more | Whole-Time Director | 05 Nov 2020 | 5 Years 11 Months | Current |
| Ravi Sud | Director | 01 Feb 2024 | 2 Years 9 Months | Current |
| Pratima Ram Also directs: Minda Instruments Limited, Manappuram Home Finance Limited, Manappuram Home Finance Limited and 2 more | Director | 10 Nov 2016 | 9 Years 11 Months | Current |
| Naresh Kumar Modi Also directs: Minda Capital Private Limited, Minda Instruments Limited, Spark Minda Foundation and 2 more | Whole-Time Director | 11 Dec 2020 | 5 Years 10 Months | Current |
| Laxman Ramnarayan | Director | 22 May 2024 | 2 Years 5 Months | Current |
Auditor
Minda Corporation Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 64.80%, foreign institutional investors hold 9.30%, domestic institutional investors hold 17.90% and retail and other public shareholders hold 8.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.80% | 64.80% | 64.80% | 64.80% |
| Public | 35.20% | 35.20% | 35.20% | 35.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101072033 | State Bank of India | ₹200 Cr | Open | |
| 25 Mar 2025 | 101079888 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 19 Mar 2025 | 101072028 | Others | ₹10 Cr | Open | |
| 27 Jan 2025 | 101049642 | Others | ₹25 Cr | Open | |
| 30 Dec 2024 | 101031770 | Others | ₹150 Cr | Open |
To see the full charge records of Minda Corporation Limited, buy the company report.
Total charge records: 198 View all charges
Deals & funding
Minda Corporation Limited has 30 deals on record (19 market trades, 6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹827.2 Cr; the latest was in September 2025.
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹135.97 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2024 | Market trade | ₹75.64 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2020 | Market trade | ₹23.87 Cr | Buyer: Hrti Private Limited , Agro Trade Solutions Seller: Hrti Private Limited , Agro Trade Solutions |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Minda Capital Private Limited , Whiteline Barter Limited , Others - Minda Corporation Limited, an individual Seller: Kotak Private Equity, Sbi Contra Fund, Max Life Insurance Company Limited A/C UliF01311/02/08 Life Higher-104-High Growth Fund |
| Jun 2018 | Market trade | ₹72.96 Cr | Buyer: Wasatch Advisors Inc A/C Wasatch International Opp Fund Seller: KRH Manufacturing and Management Private Limited |
To see the full deal history of Minda Corporation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Minda Corporation Limited has 98 court cases on record: 28 filed by Minda Corporation, 70 filed against it. 46 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 43 | 34 |
| High courts | 33 | 26 | 12 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 98)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rewari, Haryana | Civil suit | Filed against the company by M/S Shinwa Moulds India Private Limited | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Pricol Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Pricol Limited | Disposed |
| NCLT, Principal Bench | Company petition | Filed against the company by Softweb Technologies Private Limited and 11 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Pricol Limited and 2 others | Disposed |
To see the full case history of Minda Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Minda Corporation Limited was last rated by Crisil on 18 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Jun 2020 |
To see the full credit ratings and regulatory alerts of Minda Corporation Limited, buy the company report.
MSME payment delays
Minda Corporation Limited has 56 MSME Form 1 returns on record between 2019 and 2024, listing 87,955 overdue payments to 1,111 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 1,111)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ascend Performance Materials India Private Limited | |||
| Ideal Industries | |||
| Kiran Udyog | |||
| Si Interpack Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Minda Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Minda Corporation has 3 subsidiary companies, 2 joint ventures, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Spark Minda Green Mobility Systems Private Limited | U34100DL2021PTC377353 | |
| Minda Instruments Limited | U74899DL1995PLC066645 | |
| Spark Minda Foundation | U85100DL2014NPL273844 |
To see the full group structure of Minda Corporation Limited, buy the company report.
Employees & EPFO
Minda Corporation Limited has a workforce of 3,061 employees on its EPFO records as of Apr 05, 2024, across 18 active EPFO establishments.
GST
Minda Corporation has 45 GST registrations: 32 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAACM0344C1Z9 | Uttarakhand | Active | 01 Jul 2017 |
| 06AAACM0344C1Z7 | Haryana | Active | 01 Jul 2017 |
| 09AAACM0344C1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AAACM0344C2Z0 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Minda Corporation Limited, buy the company report.
Recent activity
Minda Corporation Limited has 35 board changes on record since 1987: 21 appointments and 14 cessations. The latest: Vinod Raheja ceased to be CFO on 30 Nov 2025.
455 earlier events are in the company report.
News
Frequently asked questions
Minda Corporation is an active public limited company based in Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 11 March 1985 (41+ years old) and is registered under CIN L74899DL1985PLC020401. Listed on BSE: 538962 and NSE: MINDACORP.
Minda Corporation reported revenue of ₹6,185.3 Cr for FY 2025-26 (up 22.3% YoY) based on consolidated financials.
Minda Corporation has 7 current directors:
- Ashok Minda - Whole-Time Director
- Aakash Minda - Whole-Time Director
- Naresh Kumar Modi - Whole-Time Director
- Ravi Sud - Director
- Pratima Ram - Director
- Laxman Ramnarayan - Director
- Gajanan Vithal Gandhe - Director
The latest financial statements of Minda Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Minda Corporation is 05AAACM0344C1Z9, registered in Uttarakhand. The company has 45 GST registrations in all, of which 32 are active and 13 are cancelled or inactive. Other active GSTINs include 06AAACM0344C1Z7 (Haryana), 09AAACM0344C1Z1 (Uttar Pradesh), 09AAACM0344C2Z0 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Minda Corporation is L74899DL1985PLC020401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Minda Corporation is a listed company as per MCA records. Its shares are listed on both BSE (code: 538962) and NSE (symbol: MINDACORP).
Minda Corporation has 98 court cases on record: 28 filed by the company and 70 filed against it. 46 are pending. Most are in the district courts.
Minda Corporation was incorporated on 11 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Delhi.
Minda Corporation has 30 deals on record (19 market trades, 6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹827.2 Cr; the latest was in September 2025.
Vinod Raheja ceased to be CFO on 30 Nov 2025. Ashim Vohra ceased to be CEO on 31 Aug 2025. Ashok Kumar Jha ceased to be Director on 14 Nov 2024. Minda Corporation has 35 board changes on record in total.

