India's Richest People 2026 edition · 1 director · Source: Hurun India
- #307 Ashok Minda & family ₹12,300 Cr
Revenue · FY 2025
₹827.8 Cr
▲ 18% YoY
Net profit · FY 2025
₹55.8 Cr
Net margin 6.7%
EBITDA · FY 2025
₹98.4 Cr
EBITDA margin 11.9%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹11.9 Cr
Issued & subscribed
Open charges
₹170 Cr
Satisfied ₹33.6 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
483
Provident fund records
About Minda Instruments Limited
Data last updated:
Minda Instruments Limited is a public limited company based in Delhi, India, a subsidiary of Minda Corporation Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 22 March 1995 and has been in existence for over 31 years.
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 U74899DL1995PLC066645. Its GSTIN is 27AAACM5600R1Z7 (Maharashtra). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.9 Cr. It was formerly known as Minda Stoneridge Instruments Limited and Minda Stoneridge Instruments Private Limited. It is led by directors including Sanjay Thapar and Naresh Kumar Modi.
Its last annual general meeting (AGM) was held on 20 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 15 Ashok Vihar Phase – I, Delhi, India – 110052.
As per the financials filed for FY 2025, the company reported a revenue of ₹827.8 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹55.8 Cr (net margin 6.7%) and EBITDA of ₹98.4 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 16% over five years.
The company has about 483 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹170 Cr and satisfied charges of ₹33.6 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending. The company has 7 deals on record (7 secondary share transfers); the latest was in December 2021. The company has 34 MSME Form 1 returns on record between 2016 and 2024, listing 15,479 overdue payments to 209 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 U74899DL1995PLC066645
Registration Number 066645
Incorporation Date 22 March 1995
ROC Delhi
Listing Status Unlisted
Company Status Active
Parent Company Minda Corporation Limited
Compliance Status Active Compliant
Name history
Minda Instruments has undergone 3 name changes throughout its history. The company was previously known as Minda Stoneridge Instruments Limited, Minda Stoneridge Instruments Private Limited, and Minda Instruments Private Limited. The current legal name is Minda Instruments Limited.
| Company Name | Status |
|---|---|
| Minda Instruments Limited | Current |
| Minda Stoneridge Instruments Limited | Previous |
| Minda Stoneridge Instruments Private Limited | Previous |
| Minda Instruments Private Limited | Previous |
CIN history
Minda Instruments has one previous CIN (Corporate Identification Number): U74899DL1995PTC066645. The current CIN is U74899DL1995PLC066645, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1995PLC066645 | Current |
| U74899DL1995PTC066645 | Previous |
Recognitions & Rankings of Minda Instruments
Contact details
Minda Instruments 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 – I, Delhi, India – 110052
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Minda Instruments Limited, buy the company report.
Comprehensive company report
Minda Instruments 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
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Business activity
The main business activities of Minda Instruments are manufacturing and professional, scientific and technical. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and architecture, engineering activities, technical testing and analysis activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Minda Instruments Limited, buy the company report.
Financials of Minda Instruments Limited
FY 2025 filings availableMinda Instruments Limited reported revenue of ₹827.8 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹827.8 Cr ▲ 18%
Net profit · FY 2025
₹55.8 Cr margin 6.7%
EBITDA · FY 2025
₹98.4 Cr margin 11.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 19%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 77%
3 years · compounded
▲ 20%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 18% growth in the latest year. EBITDA rose 77% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹98.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹55.8 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | ||||
| Net Profit Margin | 6.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Minda Instruments Limited, buy the company report.
Board of directors of Minda Instruments Limited
Minda Instruments has 5 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Thapar Also directs: S.J.S. Enterprises Limited, SJS Decoplast Private Limited, Walter Pack Automotive Products India Private Limited and 3 more | Director | 01 Aug 2024 | 2 Years 3 Months | Current |
| Naresh Kumar Modi Also directs: Minda Corporation Limited, Minda Capital Private Limited, Spark Minda Foundation and 2 more | Director | 08 Oct 2019 | 7 Years 1 Months | Current |
| Ashok Minda Also directs: Minda Corporation Limited, Minda Capital Private Limited, Minda Vast Access Systems Private Limited and 3 more | Director | 20 May 1995 | 31 Years 5 Months | Current |
| Pratima Ram Also directs: Minda Corporation Limited, Manappuram Home Finance Limited, Manappuram Home Finance Limited and 2 more | Director | 24 Mar 2022 | 4 Years 7 Months | Current |
| Rakesh Kalra | Director | 16 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Minda Instruments Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2024 | 301003E/E300005 |
Shareholding
The shareholding of Minda Instruments Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Minda Instruments Limited, buy the company report.
Charges & borrowings
Open charges
₹170 Cr
Satisfied charges
₹33.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101187197 | Hdfc Bank Limited | ₹120 Cr | Open | |
| 09 Nov 2024 | 101000090 | Others | ₹30 Cr | Open | |
| 08 Sep 2008 | 10125531 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 22 Dec 2017 | 100148989 | Others | ₹5 Cr | Satisfied | |
| 12 Oct 2015 | 10598804 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Minda Instruments Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Minda Instruments Limited has 7 deals on record (7 secondary share transfers); the latest was in December 2021.
Total deals
7
Secondary share transfers
7
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Minda Corporation Limited Seller: Stoneridge Inc |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Minda Corporation Limited Seller: Stoneridge Inc |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Minda Corporation Limited Seller: Minda Sai Limited |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: Minda Sai Limited Seller: Ashok Kumar Minda Huf, Whiteline Barter Limited , 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Whiteline Barter Limited , an individual Seller: 4 individuals |
To see the full deal history of Minda Instruments 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 Instruments Limited has 6 court cases on record: 1 filed by Minda Instruments, 5 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 2 | 1 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra | Disposed |
| High Court of Delhi | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-6, New Delhi | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
To see the full case history of Minda Instruments 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.
MSME payment delays
Minda Instruments Limited has 34 MSME Form 1 returns on record between 2016 and 2024, listing 15,479 overdue payments to 209 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 209)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Pask Industries Private Limited | |||
| Nav Vikas Coaters Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Minda Instruments Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Minda Instruments Limited has a workforce of 483 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
483
Active EPFO establishments
1
Employee growth
1.9%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 483 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Minda Instruments Limited, buy the company report.
GST
Minda Instruments has 7 GST registrations: 4 active and 3 cancelled or inactive.
Total GSTINs
7
Active
4
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5600R1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 33AAACM5600R1ZE | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAACM5600R1Z3 | Karnataka | Active | 13 Feb 2018 |
| 06AAACM5600R1ZB | Haryana | Active | 24 Mar 2018 |
To see the full GST registrations and return filing status of Minda Instruments Limited, buy the company report.
Recent activity
Minda Instruments Limited has 29 board changes on record since 1995: 5 appointments and 24 cessations. The latest: Sanjay Thapar was appointed as Director on 01 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 120.00 Cr with Charge ID 101187197 was registered on 30 Oct 2025.
AGM
Minda Instruments Limited last Annual general meeting of members was held on 20 Aug 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 20.00 Cr registered on 08 Sep 2008 with Charge ID 10125531 was modified on 15 Apr 2025.
Filing
Minda Instruments Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101000090 was registered on 09 Nov 2024.
Appointed
Sanjay Thapar was appointed as Director.
Ceased
Sanjay Gupta ceased to be CEO.
Charges
A charge registered on 22 Dec 2017 via Charge ID 100148989 with Others was fully satisfied on 15 Sep 2023.
Ceased
Aakash Minda ceased to be Director.
Ceased
Biranchi Narayan Mohapatra ceased to be Additional Director.
Appointed
Pratima Ram was appointed as Director.
Ceased
Pratima Ram ceased to be Additional Director.
42 earlier events are in the company report.
News
Frequently asked questions
Minda Instruments 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 22 March 1995 (31+ years old) and is registered under CIN U74899DL1995PLC066645.
Minda Instruments has 5 current directors:
- Sanjay Thapar - Director
- Naresh Kumar Modi - Director
- Ashok Minda - Director
- Pratima Ram - Director
- Rakesh Kalra - Director
The latest financial statements of Minda Instruments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Minda Instruments is 27AAACM5600R1Z7, registered in Maharashtra. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 33AAACM5600R1ZE (Tamil Nadu), 29AAACM5600R1Z3 (Karnataka), 06AAACM5600R1ZB (Haryana).
The CIN (Corporate Identification Number) of Minda Instruments is U74899DL1995PLC066645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minda Instruments has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Minda Instruments was incorporated on 22 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Minda Instruments has 7 deals on record (7 secondary share transfers); the latest was in December 2021.
Sanjay Thapar was appointed as Director on 01 Aug 2024. Sanjay Gupta ceased to be CEO on 01 Apr 2024. Aakash Minda ceased to be Director on 01 Aug 2022. Minda Instruments has 29 board changes on record in total.
Minda Instruments has 34 MSME Form 1 returns on record between 2016 and 2024, listing 15,479 overdue payments to 209 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Minda Instruments can be reached through the website sparkminda.com. Its registered office is in Delhi, India.
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