November 20, 2017 1:22 PM ET

Auto Components

Company Overview of Spark Minda, Ashok Minda Group

Company Overview

Spark Minda, Ashok Minda Group designs, manufactures, supplies, and exports automotive security systems, driver information systems, connective systems, plastic injection-molded interior parts, die-casting, and keys and key duplicating machines. It offers interiors, windows regulators, and surface finishing products; mechanical and electronic locks, door handles, immobilizers, key-less entry systems, connectors, controllers, and plastic interiors; and safety, security, and restraint systems that include electronic and mechanical security systems, and door checkers. The company also provides die casting parts for auto and consumer durable industry; wiring harness products, such as couplers, t...

Plot No 68

Echelon Institutional Area

Sector 32

Gurgaon,  122001

India

Founded in 1958

Phone:

91-124-4698400

Key Executives for Spark Minda, Ashok Minda Group

Managing Director
Age: 58
Group Chairman and Group Chief Executive Officer
Age: 56
Group Chief Financial Officer
Age: 50
Group Chief Technology Officer and Chief Executive Officer of Spark Minda Technical Centre
Age: 45
Chairman of Valeo and Chief Executive Officer of Valeo
Age: 65
Compensation as of Fiscal Year 2017.

Spark Minda, Ashok Minda Group Key Developments

Spark Minda Appoints Mr. Laxman Ramnarayan as Group President

Spark Minda announced the appointment of Mr. Laxman Ramnarayan as Group President of the company, with effect from May 4, 2017. Mr. Laxman has about 25 years of experience in areas like finance, merger and acquisition and private equity. He has earlier worked with Kotak Private Equity Group and Kotak Investment Bank.

Spark Minda, Ashok Minda Group Announces Inauguration of New Manufacturing Plant Located at Queretaro Industrial Park, Mexico

Spark Minda, Ashok Minda Group announced the inauguration of its new manufacturing plant located at Queretaro Industrial Park, Mexico. The new facility Minda KTSN Plastic Solutions Mexico, S. de R.L. de C.V. is a part of Minda KTSN Plastic Solutions, Germany (Minda KTSN) which was established in 2007 to oversee the European operations. The green-field plant at Mexico specializes in manufacturing of Interior automotive components such as Glove Box, I Panel Parts etc for esteemed Customer Volkswagen Group. The new facility at Queretaro which is Minda KTSN’s 5th unit has a total area of 8,500 Sq.mtrs with manpower strength of around 130 employees. The plant has an additional 5,000 sq meters space in the similar premises for further growth and is targeting annual sales of MXN 450 million (USD 24 million) from 2017-18 onwards.

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Recent Private Companies Transactions

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