Minda Corporation Limited

BSE: 538962 NSE: MINDACORP
Minda Corporation Limited - automotive in Delhi, India. FY 2026 financials & compliance.
CIN L74899DL1985PLC020401 Incorporated 11 March 1985 ROC Delhi HQ Delhi, India
Active Listed - NSE: MINDACORP · BSE: 538962 Public Limited Company automotive Fortune India 500 · #455 Nifty 500
Data last updated
Market Cap
₹15,121 Cr
MINDACORP · NSE
Share Price
₹658.90
+4.18% today
Revenue
₹6,185 Cr
FY 2025-26 · +22.3% YoY
EBITDA
₹721 Cr
Margin 11.7%
Net Profit
₹356 Cr
FY 2025-26 · +41.9% YoY
P/E (TTM)
37.5x
P/B 5.7x
ROE
11.5%
ROCE 12.6%
Debt / Equity
0.64
Interest cover 25.1x

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

CIN L74899DL1985PLC020401
Registration Number 020401
Incorporation Date 11 March 1985
ROC Delhi
Listing Status Listed - Listed on NSE (MINDACORP); Listed on BSE (538962)
Company Status Active
Date of Last AGM 21 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

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 NameStatus
Minda Corporation LimitedCurrent
Minda Switch Auto LtdPrevious
Minda Switch Auto Pvt LtdPrevious
Minda Huf LimitedPrevious
Key People
Ashok Minda Whole-Time Director Aakash Minda Whole-Time Director Naresh Kumar Modi Whole-Time Director

Recognitions & Rankings of Minda Corporation

Fortune India 500 2025 edition
Rank#455
Total income
₹5,168 Cr
Profit
₹255 Cr
Last year #451
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#409
Valuation
₹12,460 Cr
2023 #457
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 500 BSE 500

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
    sparkminda.com
  • Social Media
  • Registered Address
    A – 15 Ashok Vihar Phase – 1, Delhi, India – 110052
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Minda Corporation Limited, buy the company report.

Comprehensive company report
Minda Corporation Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Minda Corporation operates one associated brand: Spark Minda. Each brand links to its own profile.

BrandDescriptionWebsite
Spark Minda
Manufacturer and supplier of automotive componentssparkminda.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 codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical 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 available

Minda Corporation Limited reported revenue of ₹6,185.3 Cr (up 22.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹6,185 Cr
+22.3% YoY
EBITDA
₹721 Cr
+25.1% YoY
Profit After Tax
₹356 Cr
+41.9% YoY
Net Worth
₹2,644 Cr
+20.0% YoY
Total Assets
₹4,193 Cr
+8.3% YoY
Total Debt
₹1,472 Cr
-8.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6,1855,0564,6514,3002,9762,3682,813
Revenue growth+22.3%+8.7%+8.2%+44.5%+25.7%-15.8%-
EBITDA721576516463296179(39.30)
EBITDA margin+11.7%+11.4%+11.1%+10.8%+9.9%+7.6%-1.4%
Profit before tax38433630829820880.10(154)
Net profit35625122828516752.80(4.28)
Net profit margin+5.8%+5.0%+4.9%+6.6%+5.6%+2.2%-0.2%
EPS (₹)15.0810.699.5111.908.032.21(8.82)
Balance sheet
Total assets4,1933,8702,5672,3471,8721,7021,624
Net worth2,6442,2021,9811,5911,3301,147975
Total debt1,4721,610535713506528620
Cash & bank14796.70192162333499472
Net working capital724677830721862862826
Cash flow
Cash from operations67654428738716785.50450
Cash from investing(381)(1,409)116(425)11.70(192)(137)
Cash from financing(267)788(358)74.30(161)65.20(249)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,8461,7041,5601,5351,3861,3211,2531,290
Revenue growth (YoY)+33.2%+29.0%+24.6%+19.0%+16.2%---
Other income1268.303.372.953.293.339.0911.65
EBITDA212203179178156153144147
EBITDA margin+11.5%+11.9%+11.5%+11.6%+11.3%+11.6%+11.5%+11.4%
Depreciation68.8158.7057.7157.0856.0556.8150.3651.22
Interest31.4629.5428.5630.9932.8034.5011.9011.08
Profit before tax23712396.5292.7970.7364.9090.3995.93
Tax48.5930.9031.5925.2818.5623.1726.0325.16
Net profit18892.5364.9367.5152.1741.7364.3670.77
EPS (₹)8.755.213.583.542.732.182.713.11
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,0174,1443,9083,4922,7352,2892,130
Revenue growth+21.1%+6.0%+11.9%+27.7%+19.5%+7.4%-
EBITDA579478438333266212(125)
EBITDA margin+11.6%+11.5%+11.2%+9.5%+9.7%+9.2%-5.9%
Profit before tax314277260225178114(201)
Net profit24220218926616083.70175
Net profit margin+4.8%+4.9%+4.8%+7.6%+5.9%+3.7%+8.2%
EPS (₹)10.108.627.8910.076.703.50(10.62)
Balance sheet
Total assets3,7633,5842,3162,1451,6901,5791,280
Net worth2,2241,9111,7381,3841,1731,027866
Total debt1,4841,621533724487528388
Cash & bank31.1018.3011684.90216462395
Net working capital473457627516648791531
Cash flow
Cash from operations58846824237514085.20296
Cash from investing(306)(1,368)144(452)26.80(259)(149)
Cash from financing(271)822(354)108(160)172(134)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,4011,3701,2631,2491,1351,0831,0371,058
Revenue growth (YoY)+23.5%+26.5%+21.9%+18.1%+17.3%---
Other income2.058.2329.184.179.955.5610.4913.00
Total expenses1,2391,2001,1191,1111,011961914934
EBITDA161170145137124122123124
EBITDA margin+11.5%+12.4%+11.5%+11.0%+10.9%+11.3%+11.8%+11.7%
Depreciation49.8648.8947.7347.6347.1247.7942.4942.38
Interest30.9629.8328.8431.0532.7634.4611.7510.93
Profit before tax82.3899.6297.4362.9854.0245.7278.8483.29
Tax21.2526.2818.0315.9912.1911.9420.9920.62

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,8461,7041,5601,5351,3861,3211,2531,290
Revenue growth (YoY)+33.2%+29.0%+24.6%+19.0%+16.2%---
Other income1268.303.372.953.293.339.0911.65
EBITDA212203179178156153144147
EBITDA margin+11.5%+11.9%+11.5%+11.6%+11.3%+11.6%+11.5%+11.4%
Depreciation68.8158.7057.7157.0856.0556.8150.3651.22
Interest31.4629.5428.5630.9932.8034.5011.9011.08
Profit before tax23712396.5292.7970.7364.9090.3995.93
Tax48.5930.9031.5925.2818.5623.1726.0325.16
Net profit18892.5364.9367.5152.1741.7364.3670.77
EPS (₹)8.755.213.583.542.732.182.713.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6,1855,0564,6514,3002,9762,3682,813
Revenue growth+22.3%+8.7%+8.2%+44.5%+25.7%-15.8%-
Other income15.2032.4015.7015.8056.9033.2056.80
Total expenses5,4644,4804,1363,8372,6802,1892,852
Employee cost934782728626474383503
EBITDA721576516463296179(39.30)
EBITDA margin+11.7%+11.4%+11.1%+10.8%+9.9%+7.6%-1.4%
Depreciation23020416613811293.60118
Interest12368.7057.1042.3032.0038.8054.00
Profit before tax38433630829820880.10(154)
Tax10696.4083.204.1024.0031.2045.40
Net profit35625122828516752.80(4.28)
Net profit margin+5.8%+5.0%+4.9%+6.6%+5.6%+2.2%-0.2%
EPS (₹)15.0810.699.5111.908.032.21(8.82)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital52.5052.5052.5052.5052.5052.5050.00
Reserves & surplus2,5922,1501,9291,5391,2781,095925
Shareholders' funds (net worth)2,6442,2021,9811,5911,3301,147975
Minority interest15.000.000.000.000.000.000.00
Secured loans1,1371,290348508376373482
Unsecured loans334320187206130155139
Total debt1,4721,610535713506528620
Total liabilities4,1933,8702,5672,3471,8721,7021,624
Assets
Gross block2,6982,4331,9481,6501,386940815
Net block1,6021,5071,2071,026887613570
Capital work in progress15885.2063.2085.2032.5017.8028.40
Investments1,5581,47634845164.20180176
Inventories710581527573479396395
Sundry debtors995828804641569442390
Cash & bank balances14796.70192162333499472
Loans & advances166173165207164149269
Total current assets2,0181,6781,6891,5831,5451,4861,526
Total current liabilities1,2941,001859862683624700
Net working capital724677830721862862826
Total assets4,1933,8702,5672,3471,8721,7021,624
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash75.9015210870.8053.1094.7030.30
Net cash from operating activities67654428738716785.50450
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 cash26.90(76.20)44.2037.1017.70(41.60)64.40
Closing cash14796.70192162333499472
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.640.510.350.420.420.540.60
Long-term debt / equity0.260.220.170.170.120.130.14
Interest cover25.0818.4716.3213.0217.4345.27-34.35
Efficiency & per share
Fixed asset turnover2.412.312.592.832.562.703.18
Inventory turnover9.589.138.458.176.805.996.69
Debtors turnover6.796.206.447.115.895.696.01
EPS (₹)15.0810.699.5111.908.032.21(8.82)
Dividend per share (₹)1.401.401.401.201.000.650.35
Book value per share (₹)110.4491.9782.7066.4055.4947.8242.84
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,4011,3701,2631,2491,1351,0831,0371,058
Revenue growth (YoY)+23.5%+26.5%+21.9%+18.1%+17.3%---
Other income2.058.2329.184.179.955.5610.4913.00
Total expenses1,2391,2001,1191,1111,011961914934
EBITDA161170145137124122123124
EBITDA margin+11.5%+12.4%+11.5%+11.0%+10.9%+11.3%+11.8%+11.7%
Depreciation49.8648.8947.7347.6347.1247.7942.4942.38
Interest30.9629.8328.8431.0532.7634.4611.7510.93
Profit before tax82.3899.6297.4362.9854.0245.7278.8483.29
Tax21.2526.2818.0315.9912.1911.9420.9920.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,0174,1443,9083,4922,7352,2892,130
Revenue growth+21.1%+6.0%+11.9%+27.7%+19.5%+7.4%-
Other income49.3037.8014.2041.9046.3030.3047.90
Total expenses4,4383,6663,4703,1592,4692,0772,256
Employee cost784664617534436362335
EBITDA579478438333266212(125)
EBITDA margin+11.6%+11.5%+11.2%+9.5%+9.7%+9.2%-5.9%
Depreciation19117113611010389.7082.30
Interest12367.8055.7040.2031.4038.6041.20
Profit before tax314277260225178114(201)
Tax72.5071.5071.80(15.60)17.8029.8040.30
Net profit24220218926616083.70175
Net profit margin+4.8%+4.9%+4.8%+7.6%+5.9%+3.7%+8.2%
EPS (₹)10.108.627.8910.076.703.50(10.62)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital52.5052.5052.5052.5052.5052.5050.10
Reserves & surplus2,1721,8581,6861,3321,120974816
Shareholders' funds (net worth)2,2241,9111,7381,3841,1731,027866
Secured loans1,1001,252348508376412284
Unsecured loans385369185216112116105
Total debt1,4841,621533724487528388
Total liabilities3,7633,5842,3162,1451,6901,5791,280
Assets
Gross block2,1371,9411,5231,2691,031876753
Net block1,2741,210949786646575532
Capital work in progress11268.1031.3071.2018.1017.5027.50
Investments1,7621,725598704327150150
Inventories520448416457393375323
Sundry debtors712629613478451428327
Cash & bank balances31.1018.3011684.90216462395
Loans & advances14715517219413714567.50
Total current assets1,4101,2501,3171,2141,1971,4101,112
Total current liabilities937792690698549618581
Net working capital473457627516648791531
Total assets3,7633,5842,3162,1451,6901,5791,280
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash8.1086.5055.1024.3017.4018.506.30
Net cash from operating activities58846824237514085.20296
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 cash10.60(78.40)31.4030.806.90(1.10)12.20
Closing cash31.1018.3011684.90216462395
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.750.590.400.470.460.480.39
Long-term debt / equity0.280.240.180.180.130.150.12
Interest cover31.7822.0618.4618.0019.2531.69-19.86
Efficiency & per share
Fixed asset turnover2.462.392.803.042.872.813.18
Inventory turnover10.379.608.968.227.126.567.40
Debtors turnover7.486.677.167.526.236.075.50
EPS (₹)10.108.627.8910.076.703.50(10.62)
Dividend per share (₹)1.401.401.401.201.000.650.35
Book value per share (₹)92.8679.7572.5357.7248.8742.7637.96

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Ashok Minda
Also directs: Minda Capital Private Limited, Minda Vast Access Systems Private Limited, Flash Electronics (India) Private Limited and 3 more
Whole-Time Director22 Jul 198739 Years 3 MonthsCurrent
Aakash Minda
Also directs: Minda Capital Private Limited, Flash Electronics (India) Private Limited, Minda Spectrum Advisory Limited. and 4 more
Whole-Time Director05 Nov 20205 Years 11 MonthsCurrent
Ravi SudDirector01 Feb 20242 Years 9 MonthsCurrent
Pratima Ram
Also directs: Minda Instruments Limited, Manappuram Home Finance Limited, Manappuram Home Finance Limited and 2 more
Director10 Nov 20169 Years 11 MonthsCurrent
Naresh Kumar Modi
Also directs: Minda Capital Private Limited, Minda Instruments Limited, Spark Minda Foundation and 2 more
Whole-Time Director11 Dec 20205 Years 10 MonthsCurrent
Laxman RamnarayanDirector22 May 20242 Years 5 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Auditor

Minda Corporation Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.R. Batliboi & Co. LLPFY 2023301003E/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%.

Promoters: 64.80%DII (Domestic Institutional): 17.90%FII (Foreign Institutional): 9.30%Retail & Others: 8.00%
Sep 2026
QUARTER
64.80% Promoters
17.90% DII (Domestic Institutional)
9.30% FII (Foreign Institutional)
8.00% Retail & Others
Promoter holding - history
Now 64.80% · Sep 2026High 64.80% · Dec 2025Low 64.80% · Dec 2025
63%63.8%64.5%65.3%66%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.80%Mar 2026: 64.80%Jun 2026: 64.80%Sep 2026: 64.80%64.80%64.80%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters64.80%64.80%64.80%64.80%
Public35.20%35.20%35.20%35.20%

Charges & borrowings

Open charges
₹1,649 Cr
Satisfied charges
₹770 Cr
Breakdown by lending institutions
Others₹525.99 Cr
Hdfc Bank Limited₹450.00 Cr
State Bank of India₹400.00 Cr
Citi Bank N.A.₹150.00 Cr
Standard Chartered Bank₹123.00 Cr
Others₹0.01 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Mar 2025101072033State Bank of India₹200 CrOpen
25 Mar 2025101079888Hdfc Bank Limited₹150 CrOpen
19 Mar 2025101072028Others₹10 CrOpen
27 Jan 2025101049642Others₹25 CrOpen
30 Dec 2024101031770Others₹150 CrOpen

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.

Total deals
30
Market trades
19
Funding rounds
6
Secondary share transfers
4
QIP
1
Disclosed funding
₹827.2 Cr

Deals on record (5 of 30)

WhenDealAmountParties
Sep 2025Market trade₹135.97 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Sep 2024Market trade₹75.64 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2020Market trade₹23.87 CrBuyer: Hrti Private Limited , Agro Trade Solutions
Seller: Hrti Private Limited , Agro Trade Solutions
Sep 2019Secondary share transferUndisclosedBuyer: 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 2018Market trade₹72.96 CrBuyer: 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.

Credit ratings & regulatory alerts

Minda Corporation Limited was last rated by Crisil on 18 Jun 2020.

Rating agencyRated onRating
Crisil18 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)

SupplierAmount dueDue sinceReported 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.

3
Subsidiary companies
2
Joint ventures
1
Associated companies
Key subsidiaries
Company NameCINShares held
Spark Minda Green Mobility Systems Private LimitedU34100DL2021PTC377353
Minda Instruments LimitedU74899DL1995PLC066645
Spark Minda FoundationU85100DL2014NPL273844

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.

Employee count
3,061
Active EPFO establishments
18
Employee growth
4.69%

GST

Minda Corporation has 45 GST registrations: 32 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
45
Active
32
Cancelled / inactive
13
GSTINStateStatusRegistered on
05AAACM0344C1Z9UttarakhandActive01 Jul 2017
06AAACM0344C1Z7HaryanaActive01 Jul 2017
09AAACM0344C1Z1Uttar PradeshActive01 Jul 2017
09AAACM0344C2Z0Uttar PradeshActive01 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.

AGM
Minda Corporation Limited last Annual general meeting of members was held on 21 Aug 2026 as per latest MCA records.
Filing
Minda Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Ceased
Vinod Raheja ceased to be CFO.
Charges
A charge with State Bank Of India of Rs. 200.00 Cr registered on 26 Mar 2025 with Charge ID 101072033 was modified on 17 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 150.00 Cr registered on 25 Mar 2025 with Charge ID 101079888 was modified on 17 Sep 2025.
Charges
A charge with Others of Rs. 150.00 Cr registered on 30 Dec 2024 with Charge ID 101031770 was modified on 17 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 40.50 Cr registered on 28 Nov 2024 with Charge ID 101014260 was modified on 17 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 97.50 Cr registered on 17 Aug 2023 with Charge ID 100773856 was modified on 17 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 31 Jul 2020 with Charge ID 100361746 was modified on 17 Sep 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 05 Mar 2012 with Charge ID 10339810 was modified on 17 Sep 2025.
Charges
A charge registered on 18 Aug 2020 via Charge ID 100363938 with Others was fully satisfied on 01 Sep 2025.
Ceased
Ashim Vohra ceased to be CEO.

455 earlier events are in the company report.

News

Minda Corporation: Company Signs Share Subscription Deal With Agganga Energy Private Limited.
14 Oct 2026 · Exchange Update
Minda Corporation: Invests ₹18 Crore In Spark Minda-Toyodenso India Through Rights Issue, Ownership Stays At 60%
06 Oct 2026 · Exchange Update
Minda Corporation: Invests ₹18 Crore In Its Subsidiary Spark Minda-Toyodenso India Through A Rights Issue
05 Oct 2026 · Exchange Update
Minda Corp: Approves Setting Up A Unit In China With An Investment Plan Of Up To 1 Million USD.
24 Sep 2026 · Exchange Update

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:

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.