Hurun India Rich List 2026 edition · 1 director
- #307 Ashok Minda & family ₹12,300 Cr
Revenue · FY 2025
₹394.8 Cr
▲ 31% YoY
Net profit · FY 2025
₹14 Cr
Net margin 3.5%
EBITDA · FY 2025
₹32.7 Cr
EBITDA margin 8.3%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹42.67 Cr
Issued & subscribed
Open charges
₹58.6 Cr
Satisfied ₹69.69 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
255
Provident fund records
About Minda Vast Access Systems Private Limited
Data last updated:
Minda Vast Access Systems Private Limited is a private limited company based in Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 03 January 2007 and has been in existence for over 19 years.
Its director Ashok Minda and family are #307 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U34300DL2007PTC157344. Its GSTIN is 06AAECM9265E1ZD (Haryana). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹42.67 Cr. It was formerly known as Minda Locking Systems Private Limited. and Minda Valeo Security Systems Private Limited. It is led by directors including Dharmender Saxena (Managing Director) and Schultheiss Benedikt.
Its last annual general meeting (AGM) was held on 22 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 – 1, Delhi, India – 110052.
As per the financials filed for FY 2025, the company reported a revenue of ₹394.8 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹14 Cr (net margin 3.5%) and EBITDA of ₹32.7 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 19% over five years.
The company has about 255 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spark Minda. As per MCA filings, the company has open charges of ₹58.6 Cr and satisfied charges of ₹69.69 Cr on record. Court records list 15 cases involving the company, including 10 filed by the company and 5 filed against it; 1 case is pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹45.93 Cr; the latest was in March 2020. Its 10 peer companies in the Manufacturing industry (Security Products) are compared by revenue, 5 larger and 5 smaller; the largest is Vega Auto Accessories Limited with revenue of ₹505.39 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 2,931 overdue payments to 61 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 of Minda Vast Access Systems Private Limited
CIN U34300DL2007PTC157344
Registration Number 157344
Incorporation Date 03 January 2007
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name History of Minda Vast Access Systems Private Limited
Minda Vast Access Systems has undergone 2 name changes throughout its history. The company was previously known as Minda Locking Systems Private Limited., and Minda Valeo Security Systems Private Limited. The current legal name is Minda Vast Access Systems Private Limited.
| Company Name | Status |
|---|---|
| Minda Vast Access Systems Private Limited | Current |
| Minda Locking Systems Private Limited. | Previous |
| Minda Valeo Security Systems Private Limited | Previous |
Key People
Dharmender Saxena Managing Director Schultheiss Benedikt Director Robert Carl Meyer Director Recognitions & Rankings of Minda Vast Access Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 15 Ashok Vihar Phase – 1, Delhi, India – 110052
- IndustryAutomotive, Auto Parts & Components
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Associated Brands with Minda Vast Access Systems Private Limited
Minda Vast Access Systems 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 of Minda Vast Access Systems Private Limited
The main business activity of Minda Vast Access Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Minda Vast Access Systems Private Limited FY 2025 filings available
Minda Vast Access Systems Private Limited reported revenue of ₹394.8 Cr (up 31% YoY) for FY 2025.
Revenue · FY 2025
₹394.8 Cr ▲ 31%
Net profit · FY 2025
₹14 Cr margin 3.5%
EBITDA · FY 2025
₹32.7 Cr margin 8.3%
Compounded Annual Growth Rate (CAGR) of Minda Vast Access Systems Private Limited
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 22%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 30%
5 years · compounded
▲ 156%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 31% growth in the latest year. EBITDA rose 107% 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 of Minda Vast Access Systems Private Limited
| 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 | ₹32.7 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14 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 of Minda Vast Access Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Minda Vast Access Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Minda Vast Access Systems Private Limited
Minda Vast Access Systems has 7 current directors and 47 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Schultheiss Benedikt | Director | 21 Sep 2023 | 3 Years 0 Months | Current |
| Dharmender Saxena | Managing Director | 17 Nov 2023 | 2 Years 11 Months | Current |
| Robert Carl Meyer | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
| Ashok Minda Also directs: Minda Corporation Limited, Minda Capital Private Limited, Flash Electronics (India) Private Limited and 3 more | Director | 04 Apr 2013 | 13 Years 6 Months | Current |
| Sumit Doseja | Director | 13 Sep 2024 | 2 Years 1 Months | Current |
| Rainer Goelz | Director | 15 Feb 2023 | 3 Years 8 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer Comparison of Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Security Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vega Auto Accessories Limited | ₹505.39 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Belgaum, Karnataka, India |
| Mantra Softech (India) Private Limited | ₹429.12 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Ahmedabad, Gujarat, India |
| Welmade Locking Systems Private Limited | ₹426.61 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
| Karam Safety Private Limited | ₹426.07 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Sitarganj, Uttarakhand, India |
| Methodex Systems Private Limited | ₹407.06 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Minda Vast Access Systems Private Limited this company | ₹394.8 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Delhi, India |
| Industrial Safety Products Private Limited | ₹309.97 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Udyogi Plastics Pvt Ltd | ₹279.65 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Kolkata, West Bengal, India |
| Allegion India Private Limited | ₹255.22 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Acknit Industries Limited Listed | ₹240.85 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Link Locks Private Limited | ₹234.77 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Aligarh, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Minda Vast Access Systems by revenue in the Manufacturing industry (Security Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Minda Vast Access Systems Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Minda Vast Access Systems Private Limited
Open charges
₹58.6 Cr
Satisfied charges
₹69.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Oct 2025 | Hdfc Bank Limited | ₹25 Cr | Open |
| 01 Jul 2021 | Axis Bank Limited | ₹3 Cr | Open |
| 29 Sep 2020 | Others | ₹15 Cr | Open |
| 30 Apr 2019 | Others | ₹5.36 Lakh | Open |
| 31 Mar 2019 | Others | ₹5.94 Lakh | Open |
Total charge records: 21 View all charges
Deals & Funding of Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹45.93 Cr; the latest was in March 2020.
Total deals
4
Funding rounds
3
Secondary share transfer
1
Disclosed funding
₹45.93 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Vehicle Access Systems Technology LLC Seller: an individual |
| Mar 2012 | Funding round | ₹17 Cr | Investors: Minda Capital Private Limited , an individual |
| Jun 2010 | Funding round | ₹7.2 Cr | Investors: Minda Capital Private Limited , an individual |
| May 2007 | Funding round | ₹21.73 Cr | Investors: an individual |
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Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited has 15 court cases on record: 10 filed by Minda Vast Access Systems, 5 filed against it. 1 case is pending and 14 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
15
Filed by the company
10
Filed against the company
5
Pending
1
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 5 | 1 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Action Express Private Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Rainbow Garnishers Private Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Ventec Logistics India Private Limited | Disposed |
| Madras High Court | Court case (AS) | Filed by the company against Ventec Logistics India Private Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Disposed |
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Full case history
All 15 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 2,931 overdue payments to 61 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 61)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| KS Precision Components Private Limited | •••• | •••• | •••• |
| Ideal Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Arasna Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited has a workforce of 255 employees as of Apr 09, 2024.
Employee count
255
Active EPFO establishments
2
Employee growth
-1.54%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Minda Vast Access Systems Private Limited
Minda Vast Access Systems Private Limited has 48 board changes on record since 2007: 7 appointments and 41 cessations. The latest: Tobias Sprute was appointed as Additional Director on 18 Nov 2025.
Appointed
Tobias Sprute was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.00 Cr with Charge ID 101188365 was registered on 31 Oct 2025.
AGM
Minda Vast Access Systems Private Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Ceased
Sumit Doseja ceased to be Additional Director.
Filing
Minda Vast Access Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Appointed
Sumit Doseja was appointed as Director.
Ceased
Dharmender Saxena ceased to be Additional Director.
Appointed
Dharmender Saxena was appointed as Managing Director.
Appointed
Schultheiss Benedikt was appointed as Director.
Ceased
Rainer Goelz ceased to be Additional Director.
Appointed
Rainer Goelz was appointed as Director.
Ceased
Anja Wetzel ceased to be Additional Director.
72 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Minda Vast Access Systems Private Limited
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Subsidiaries & Group Companies of Minda Vast Access Systems Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Minda Vast Access Systems Private Limited
Minda Vast Access Systems has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
5
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECM9265E1ZD | Haryana | Active | 01 Jul 2017 |
| 27AAECM9265E1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 29AAECM9265E1Z5 | Karnataka | Active | 01 Mar 2022 |
| 33AAECM9265E1ZG | Tamil Nadu | Active | 15 Mar 2022 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Minda Vast Access Systems Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Minda Vast Access Systems Private Limited
Frequently Asked Questions about Minda Vast Access Systems Private Limited
Minda Vast Access Systems is an active private limited company based in Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 03 January 2007 (19+ years old) and is registered under CIN U34300DL2007PTC157344.
Minda Vast Access Systems reported revenue of ₹394.8 Cr for FY 2025 (up 31% YoY).
Minda Vast Access Systems has 7 current directors:
- Dharmender Saxena - Managing Director
- Schultheiss Benedikt - Director
- Robert Carl Meyer - Director
- Ashok Minda - Director
- Sumit Doseja - Director
- Rainer Goelz - Director
- Tobias Sprute - Additional Director
Minda Vast Access Systems reported a net profit of ₹14 Cr (net margin 3.5%) and EBITDA of ₹32.7 Cr (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Minda Vast Access Systems is 22% over three years and 19% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Minda Vast Access Systems is 06AAECM9265E1ZD, registered in Haryana. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAECM9265E1Z9 (Maharashtra), 29AAECM9265E1Z5 (Karnataka), 33AAECM9265E1ZG (Tamil Nadu).
The CIN (Corporate Identification Number) of Minda Vast Access Systems is U34300DL2007PTC157344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minda Vast Access Systems has 15 court cases on record: 10 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Minda Vast Access Systems was incorporated on 03 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
Minda Vast Access Systems has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹45.93 Cr; the latest was in March 2020.
The peers of Minda Vast Access Systems by revenue are Vega Auto Accessories Limited, Mantra Softech (India) Private Limited, Welmade Locking Systems Private Limited, Karam Safety Private Limited, Methodex Systems Private Limited and 5 more, all in the Manufacturing industry (Security Products).
Tobias Sprute was appointed as Additional Director on 18 Nov 2025. Sumit Doseja ceased to be Additional Director on 21 Aug 2025. Sumit Doseja was appointed as Director on 13 Sep 2024. Minda Vast Access Systems has 48 board changes on record in total.