Source: Uno Minda Limited Integrated Annual Report 2025-26
Quick Facts / Company Snapshot
| Parameter | Company Details / Metric |
|---|---|
| Official Company Name | Uno Minda Limited |
| Stock Exchange Tickers | NSE: UNOMINDA | BSE: 532539 | Bloomberg: UNOMINDA:IN |
| Corporate Identity Number (CIN) | L74899DL1992PLC050333 |
| Incorporation Year | 1992 (Roots dating back to 1958) |
| Headquarters | Manesar, Gurugram, Haryana, India |
| Executive Chairman | Mr. Nirmal Kumar Minda |
| Managing Director | Mr. Ravi Mehra |
| Group Chief Financial Officer | Mr. Sunil Bohra |
| Total Group Turnover (FY 2025-26) | ₹25,200 Crores (US$ 2.60 Billion) |
| Consolidated Revenue from Operations | ₹19,658 Crores |
| Consolidated EBITDA | ₹2,251 Crores (Margin: 11.5%) |
| Profit After Tax (Attributable to Owners) | ₹1,197 Crores |
| Consolidated Net Worth | ₹7,260 Crores |
| Return on Capital Employed (ROCE) | 19.2% |
| Return on Equity (ROE) | 19.1% |
| Total Workforce | 37,000+ employees globally |
| Manufacturing Footprint | 78 plants globally (72 in India, 6 overseas) |
| R&D & Engineering Centres | 37 centres globally (29 in India, 8 overseas) |
| Active Joint Ventures & TLAs | 17 (9 Joint Ventures, 8 Technical License Agreements) |
| Product Lines & Domains | 28 product lines across 6 major automotive domains |
Source: Uno Minda Limited Integrated Annual Report 2025-26
Company Overview
Uno Minda Limited is a premier global technology pioneer and Tier-1 systems architect engineering the future of mobility. Evolving far beyond traditional auto component manufacturing, the company operates today as a core systems architect for the world’s leading Original Equipment Manufacturers (OEMs). Rooted in a legacy of manufacturing excellence dating back to 1958, Uno Minda’s current mandate is boldly future-focused: designing and delivering intelligent, sustainable, and powertrain-agnostic technologies that set new benchmarks across the global automotive ecosystem.
The company’s expansive product strategy is built upon its proprietary PACE framework—covering Personalisation, Autonomous, Connected, and Electric mobility solutions. By directly anchoring its research and development to these megatrends, Uno Minda has evolved its core capabilities from basic components to advanced, high-value systems architectures. Today, over 95% of its product portfolio is powertrain-agnostic, giving the business the agility to lead across internal combustion engine (ICE) platforms, hybrid setups, and rapidly scaling battery electric vehicle (BEV) systems.
- Achieved a milestone Group Turnover of ₹25,200 Crores (US$ 2.60 Billion) in FY 2025-26.
- Operates 78 manufacturing plants and 37 R&D and engineering facilities across 15+ countries.
- Over 95% of the product portfolio is powertrain-agnostic, insulating the business from propulsion shifts.
- Maintains long-standing preferred-supplier partnerships with global OEMs spanning over 65 years.
Uno Minda’s operational capabilities are backed by 78 manufacturing facilities and 37 R&D and engineering centres located across India, Germany, Spain, Japan, Vietnam, the Czech Republic, Taiwan, South Korea, Mexico, Colombia, and the United Arab Emirates. Guided by a professional management team and supported by an enterprise workforce of over 37,000 people, the company balances aggressive capacity expansion with strict balance-sheet discipline to generate compounding value for shareholders.
In addition to its Tier-1 OEM integrations, Uno Minda operates a massive B2C Aftermarket business with over 100,000 global touchpoints, servicing mechanics, retailers, and end-consumers directly. Through a combination of in-house R&D engines like CREAT and INITIA, strategic joint ventures, and digital supply chain automation, Uno Minda continues to deepen its wallet share across passenger vehicle, two-wheeler, three-wheeler, and commercial vehicle segments globally.
Business Segments
Uno Minda organizes its manufacturing and technology operations across six primary domain verticals alongside a newly established, dedicated Green Mobility vertical designed to capture the structural transition toward clean transportation.
| Product / Business Segment | NIC Code | Percentage Contribution to Total Turnover (FY 2025-26) |
|---|---|---|
| Switches | 29304 | 25.8% |
| Lighting | 27400 | 24.9% |
| Alloy Wheels | 29303 | 21.4% |
| Seating | 29303 | 9.5% |
| Castings | 29301 | 4.6% |
| Sensors | 29304 | 4.5% |
| Controllers | 29304 | 3.5% |
| Acoustics | 29304 | 2.8% |
| Others (incl. Blow Moulding, Accessories, etc.) | NA | 3.0% |
Source: Uno Minda Limited Integrated Annual Report 2025-26 (Calculated by FirmsWorld / Disclosed in BRSR Section)
Electronics & Control Systems Domain
The Electronics & Control Systems domain represents the foundational core of Uno Minda’s revenue base, capturing the rapid digitisation of vehicle cockpits. This domain encompasses 2W/3W switches, 4W haptic and CAN-based switches, seat belts, gear shifters, and smart key systems. The business delivers integrated electronic assemblies, heated grips, and touch-enabled control surfaces that elevate driver ergonomics and vehicle interactivity.
Lighting & Alternate Fuel Systems Domain
This division manufactures state-of-the-art illumination systems and clean-energy fuel delivery mechanisms. Product offerings include LED headlamps, tail lamps, cornering lights, connected pixel-based digital tail lamps, OLEDs, and ambient interior lighting. On the alternate fuel side, following an increased 76% equity stake in Minda Westport Technologies Limited, the company manufactures complete CNG and LPG sequential kits and components catering to the expanding domestic gas-powered passenger vehicle fleet.
Light Metal & Powertrain Systems Domain
Focusing on structural weight reduction and vehicle dynamics, this domain manufactures high-precision 4W alloy wheels (including premium diamond-finish wheels for EVs and facelifts), 2W alloy wheels, aluminium die-cast housings, and engine air filtration systems. The division plays a vital role in enabling OEMs to meet stringent vehicle efficiency and emission targets by replacing heavier conventional materials with lightweight cast alloys.
Safety & Comfort Systems Domain
Delivering human-centric cabin solutions, this vertical manufactures seating systems for 2W, passenger vehicles, commercial vehicles, and off-road applications. It also produces driver and passenger airbags, interior/exterior plastic trims, blow-moulded components, steering wheels with integrated airbag modules, horns, speakers, air brakes, and hoses. Growth in this domain is strongly supported by tightening national safety regulations and increasing demand for side and curtain airbags.
ADAS, Controllers & Sensors Domain
Serving as the neural hub of modern vehicles, this domain develops and produces camera modules (Rear Parking Assist Systems and Front Parking Assist Systems), radar sensors, ultrasonic sensors, tyre pressure monitoring systems (TPMS), telematics control units (TCU), infotainment platforms, wireless chargers, and wall-mounted EV chargers (EVSE). Uno Minda became the first company in India to localise camera module production for parking assistance, directly substituting imports.
4W – EV Powertrain & Green Mobility Vertical
Created as a distinct reporting vertical to provide clear visibility into high-growth electric mobility technologies, Green Mobility consolidates high-voltage 4W EV powertrains, 2W/3W EV components, and alternative fuel systems. The product suite includes Electric Drive Units (EDU), Dedicated Hybrid Transmissions (DHT), 3-in-1 e-axles, integrated charging control units, battery management systems (BMS), DC-DC converters, off-board/on-board chargers, and Acoustic Vehicle Alerting Systems (AVAS). The vertical recorded consolidated revenues of ₹1,405 Crores in FY 2025-26.
History and Evolution
Uno Minda’s corporate journey reflects a deliberate expansion across decades, transitioning from a modest manufacturer of single instruments into a global Tier-1 automotive systems conglomerate.
- 1958 – 1960: Pioneered manufacturing with ammeters, subsequently entering the automotive switch market.
- 1980 – 1993: Diversified into automotive lighting systems and entered the acoustic/horns segment.
- 1995 – 2005: Formed Uno Mindarika Private Limited for 4W switches and established the company’s first overseas manufacturing facility in Indonesia.
- 2007 – 2010: Entered the battery business in Pantnagar, launched blow moulding in Bengaluru, expanded into Vietnam, and introduced alternative fuel kits in Manesar.
- 2011 – 2015: Acquired Clarton Horns in Spain, formed a joint venture with Kosei for passenger vehicle alloy wheels, and expanded blow moulding operations.
- 2016 – 2019: Acquired Rinder Group (Spain) and Delvis (Germany); formed JVs with Katolec (Japan) and Onkyo; collaborated with Sensata Technologies; established CREAT R&D centre; and acquired ISYS RTS GmbH in Germany.
- 2020 – 2023: Merged Harita Seating Systems; established a 4W seating JV with Tachi-S (Japan); executed TLAs with Dayou Global (alloy wheels) and Asentec (sensors); and built an extensive 2W/3W EV portfolio.
- 2023 – 2024: Acquired remaining stake in Minda Kosei Aluminium Wheel; increased stake in Minda Westport to 76%; signed TLA with StarCharge for AC home chargers.
- 2024 – Present: Completed the merger of Kosei entities into Uno Minda Limited; formed a JV with Inovance Automotive for 4W EV powertrains; entered vehicle sunroofs via TLA with Aisin Corporation; and fully acquired FRIWO’s stake in Uno Minda EV Systems.
Through strategic acquisitions, joint ventures, and technology transfer agreements, Uno Minda has consistently built localized capabilities ahead of market demand shifts. This evolution has transformed the company from a component supplier into a full-system design and manufacturing partner for global OEMs.
Products and Services
Uno Minda’s comprehensive portfolio comprises 28 distinct product lines engineered for durability, performance, and compliance with global safety and environmental benchmarks.
| Product Line Category | Key Offerings & Technology Highlights |
|---|---|
| Switches & Control Systems | 2W/3W switches, 4W haptic switches, handlebar assemblies, CAN-based switches, heated grips, gear shifters, smart keys, and seat belts. |
| Lighting Systems | 2W/3W/4W/CV headlamps, tail lamps, OLEDs, matrix LED drivers, adaptive lighting, cornering lamps, and interior ambient lighting. |
| Light Metal & Castings | 4W LPDC/GDC alloy wheels, 2W alloy wheels, high-precision aluminium die castings, and air filtration systems. |
| Seating Systems | 2W seats, commercial vehicle seats, bus passenger seats, off-road seats, and pneumatic suspended seating systems. |
| Acoustics & Comfort | Electromagnetic horns, electronic horns, trumpet horns, speakers, air brakes, hoses, steering wheels with airbag modules, and blow-moulded parts. |
| Sensors & ADAS | Localised camera modules (RPAS/FPAS), radar sensors, wheel speed sensors, TPMS, telematics units (TCU), and infotainment systems. |
| EV Powertrain & Electronics | 6-in-1 e-Axles, Electric Drive Units (EDU), Dedicated Hybrid Transmissions (DHT), BMS, DC-DC converters, on-board chargers, portable chargers, wall-mounted EVSE, and AVAS. |
| Alternate Fuel Systems | Sequential CNG/LPG injection kits, high-pressure CNG valves, fuel hoses, and fuel caps. |
Source: Uno Minda Limited Integrated Annual Report 2025-26
- Secured record-breaking ₹600 Crore annual peak value order for in-house Android-based In-Vehicle Infotainment (IVI) systems in FY 2025-26.
- Won ₹450 Crore annual peak value order for 2W lamps, representing 25% of current 2W lighting revenues.
- Secured ₹390 Crore annual peak value export order for commercial vehicle seating systems.
- Localised camera module production for Rear and Front Parking Assistance Systems in Pune.
The company’s commercial execution is reflected in major order wins across domains. During FY 2025-26, Uno Minda secured its largest-ever order for an in-house Android-based Infotainment platform developed by CREAT, valued at ~₹600 Crores in peak annual revenue. In lighting, the company won a landmark ₹450 Crore peak annual order for two-wheeler lamps. In seating, export expansion yielded a ₹390 Crore annual peak order from European and North American commercial vehicle customers, while the 4W EV powertrain division announced a second greenfield plant in Chhatrapati Sambhajinagar backed by an anchor OEM order for Electric Drive Units and Dedicated Hybrid Transmissions.
Brand Portfolio
Uno Minda manages a specialized portfolio of internal brand platforms, specialized R&D units, and customer-facing digital ecosystems that drive technology creation, brand equity, and community outreach.
CREAT (Centre for Research, Engineering and Advanced Technologies)
CREAT is Uno Minda’s flagship engineering and research engine. Powered by over 415 dedicated engineers and managing 50+ concurrent R&D projects, CREAT translates the four PACE megatrends into production-ready software, hardware, and mechatronic systems.
INITIA
INITIA is Uno Minda’s independent, in-house creative design studio. Dedicated to transportation design, digital sculpting, UI/UX interfaces, and physical prototyping, INITIA crafts visually engaging and ergonomically optimized cabin experiences. In 2025, INITIA received the Red Dot Design Award: Design Concept for its TD225 Tech Demonstrator.
GCEST & Advanced Technology Group
The Global Centre for Embedded & Software Technology (GCEST) focuses on internal software talent development to power Software-Defined Vehicles (SDVs). The Advanced Technology Group explores long-horizon technology projects (3+ years out), experimenting with disruptive concepts to ensure future readiness.
UNOMINDAKART.COM & UNO STAR
UNOMINDAKART.COM is the company’s flagship B2C e-commerce platform offering over 7,000 genuine replacement SKUs directly to mechanics, retailers, and consumers across 24+ product categories. UNO STAR is an industry-leading digital loyalty app connecting mechanics and retailers to drive brand advocacy.
Suman Nirmal Minda Foundation (SNMF) & Samarth-Jyoti
SNMF is the dedicated CSR arm of Uno Minda. Through its flagship project Samarth-Jyoti, the foundation operates 19 vocational training centres and two CBSE-affiliated Suman Nirmal Minda Schools (in Gujarat and Hosur), providing skill development, education, and healthcare support to local communities.
Geographical Presence
Uno Minda’s manufacturing and engineering network is strategically placed close to major automotive manufacturing hubs worldwide, ensuring low logistics costs, rapid response times, and deep customer collaboration.
| Geographic Region | Manufacturing Plants | R&D / Engineering Centres | Warehouses / Sales Offices |
|---|---|---|---|
| India (North Zone: Manesar, Bawal, Gurgaon, Kharkhoda, Pantnagar, etc.) | 72 Plants (Group-wide) | 29 Centres | 17 Warehouses |
| Asia (Indonesia, Vietnam, Japan, Taiwan, South Korea) | Plants in Indonesia, Vietnam | Centres in Japan, Taiwan, Korea | Sales offices in Japan, Korea, Dubai |
| Europe (Germany, Spain, Czech Republic) | Plants in Spain, Germany | Centres in Spain, Germany, Czech Republic | Sales offices in Europe |
| Americas (Mexico, Colombia) | Plants in Mexico, Colombia | Engineering support | Sales offices in USA, LATAM |
Source: Uno Minda Limited Integrated Annual Report 2025-26
Consolidated Revenue by Location of Customers
| Location | FY 2025-26 Revenue (₹ in Crores) | FY 2024-25 Revenue (₹ in Crores) | YoY Growth (%) |
|---|---|---|---|
| Within India | 17,482.58 | 15,081.29 | +15.92% |
| Outside India | 2,175.01 | 1,693.32 | +28.45% |
| Total Consolidated Revenue | 19,657.59 | 16,774.61 | +17.19% |
Source: Uno Minda Limited Integrated Annual Report 2025-26 (Calculated by FirmsWorld)
- Domestic operations generated ₹17,482.58 Crores, representing 88.93% of total revenue.
- International sales expanded rapidly to ₹2,175.01 Crores, contributing 11.07% of consolidated revenues.
- Commissioned a brand-new 4W lighting plant in Indonesia to supply long tail lamps to global OEMs.
- Established a new R&D and Engineering Centre in the Czech Republic to support European OEM customers.
Board of Directors and Leadership Team
Uno Minda’s corporate governance is led by an experienced, diverse Board of Directors comprising 11 members, including 55% Independent Directors and 36% Women Directors.
Board of Directors
Mr. Nirmal Kumar Minda – Executive Chairman
A distinguished industrialist with over four decades of experience in the auto component sector, Mr. Nirmal Kumar Minda has played a transformational role in shaping Uno Minda into a global Tier-1 leader across 15+ countries. He served as President of ACMA (2017-18) and was elected President of ASSOCHAM in October 2025. During FY 2025-26, he transitioned from Chairman & Managing Director to Executive Chairman to focus on strategic mentorship, governance, and leadership development.
“We are witnessing a structural, once-in-a-generation transformation in how vehicles are designed and propelled. Our mission at Uno Minda is clear: no matter how vehicles are designed or what technology powers the next generation of mobility, an Uno Minda component or system will be inside it.”
Mr. Ravi Mehra – Managing Director
With over 30 years of experience within Uno Minda, Mr. Ravi Mehra was appointed Managing Director effective April 1, 2025. A Fellow Member of both ICAI and ICSI, he joined the company in 1995 as General Manager – Finance and has held executive leadership roles across operations, strategy, and business domains, driving market leadership in the switching and 2W/3W divisions.
“Customer trust is earned through performance, not intentions. Every capability we build, every R&D investment we make, and every process we optimise is in service of this simple benchmark: exceeding our OEM partners’ expectations across Quality, Cost, Delivery, and Development (QCDD).”
Mr. Vivek Jindal – Whole-Time Director
Mr. Vivek Jindal holds an Engineering degree from IIT Delhi, an MBA from the University of Pittsburgh, and an Executive MBA from Harvard Business School. He leads the Lighting and Alternate Fuel Systems domain and spearheads the group’s strategic Electric Vehicle (EV) and Hybrid Vehicle initiatives.
Ms. Paridhi Minda – Non-Executive Director
Bringing nearly two decades of experience across automotive and infrastructure sectors, Ms. Paridhi Minda holds degrees in Management from Bradford University and marketing certifications from the London School of Economics. She contributes to capital allocation and governance oversight.
Ms. Pallak Minda – Non-Executive Director
Holding a Bachelor’s degree in Entrepreneurship from Delhi University and an MPEFB from IIM Bangalore, Ms. Pallak Minda has over 12 years of operational experience within the group, having previously served as Business Head of the Fuel Cap Division.
Mr. Rajiv Batra – Independent Director
A Chartered Accountant with over 40 years of experience, Mr. Batra previously served as CFO of Xerox India and Cummins India, bringing deep expertise in corporate finance, risk management, and governance.
Ms. Rashmi Urdhwareshe – Independent Director
Former Director of the Automotive Research Association of India (ARAI) and recipient of the Nari Shakti Puraskar, Ms. Urdhwareshe brings over 40 years of expertise in automotive safety, emissions regulations, and E-mobility standards.
Dr. Sandhya Shekhar – Independent Director
Holding a Ph.D. from IIT Madras and an MBA from IIM Bangalore, Dr. Shekhar is a strategy consultant and former CXO with extensive expertise in digital transformation, innovation ecosystems, and IT governance.
Mr. Shekar Viswanathan – Independent Director
Former Vice Chairman and Whole-Time Director of Toyota Kirloskar Motor, Mr. Viswanathan has over four decades of experience in commercial banking, corporate finance, and automotive manufacturing governance.
Mr. Abhay Damle – Independent Director
Former IRS officer and Joint Secretary in the Ministry of Road Transport and Highways, Mr. Damle holds an M.Tech from IIT Delhi and an LL.B. He was instrumental in overhauling the Motor Vehicles Act and implementing BS-VI standards.
Mr. Randhir Singh Kalsi – Independent Director
An automotive veteran with nearly 40 years at Maruti Suzuki India Limited, Mr. Kalsi spearheaded the launch of NEXA, Maruti Insurance, and True Value, bringing deep insights into customer experience and marketing strategy.
Executive Management Team
- Mr. Sunil Bohra – Group Chief Financial Officer
- Mr. Amit Jain – Group Chief Technology Officer & CEO – 4W EV
- Mr. Vishal Kaul – CEO, Aftermarket Domain
- Mr. Kundan K. Jha / Mr. Vivek Joshi – CEO, Light Metal & Powertrain Systems
- Mr. A. G. Giridharan – CEO, Safety & Comfort Systems
- Mr. Naveesh Garg – CEO, Electronics & Control Systems
- Mr. Sanjeev Kulkarni – CEO, ADAS, Controller & Sensors
- Mr. Rakesh Kher – Group CSO & Advisor, Aftermarket Domain
- Ms. Garima Garg – Chief Human Resources Officer
- Mr. Nitesh Minda – Chief Marketing Officer
- Ms. Aditi Sharma – Chief Manufacturing Excellence Officer
Founders
Uno Minda’s foundational roots date back to 1958, when the enterprise began as a small-scale manufacturer of ammeters. Over the decades, under the visionary leadership of Mr. Nirmal Kumar Minda, the company transformed from a domestic component maker into a global Tier-1 auto technology leader.
Mr. Nirmal Kumar Minda expanded the company’s vision by establishing joint ventures with global automotive technology giants from Japan, Europe, and the Americas. His emphasis on in-house R&D, localized engineering, worker welfare, and strict corporate ethics established the foundation for Uno Minda’s current scale across 78 global plants.
Parent Company & Ownership Structure
Uno Minda Limited is the ultimate operating and holding entity of the Uno Minda Group. The promoter and promoter group hold a 68.36% equity stake in the company as of March 31, 2026. Key promoter holding entities include Minda Investments Limited (23.77%), Mr. Nirmal K. Minda (20.84%), Mrs. Suman Minda (13.85%), Singhal Fincap Limited (2.87%), Minda International Limited (2.77%), and Minda Finance Limited (1.32%). Institutional investors, mutual funds, foreign portfolio investors (FPIs), and the public hold the remaining 31.64% equity share capital.
Future Strategy
Uno Minda’s long-term business strategy focuses on driving vertical growth in core product lines while simultaneously scaling new-age technology platforms aligned with global electrification and smart vehicle megatrends.
- High-Voltage EV Powertrain Buildout: Executing a ₹550 Crore greenfield facility in Chhatrapati Sambhajinagar to manufacture Electric Drive Units (EDUs) and Dedicated Hybrid Transmissions (DHTs), with Start of Production (SOP) targeted for Q2 FY 2027-28.
- 4W Alloy Wheel Capacity Expansion: Commissioning Phase 1 at IMT Kharkhoda (30,000 wheels/month toward 120,000 site capacity) and approving a ₹764 Crore greenfield plant in Chhatrapati Sambhajinagar (1.8 million wheels/year).
- Smart Factory & AI Integration: Deploying an enterprise ‘AI Value Triangle’ framework and Smart Factory digitalisation across 20+ plants, featuring machine vision quality checks, IoT predictive maintenance, and real-time energy management.
- ESG & Decarbonisation Targets: Executing open-access solar/wind projects in Haryana, Tamil Nadu, and Gujarat to achieve 60% renewable electricity by 2030 and complete carbon neutrality by 2040.
- Capital Allocation Plan: Planned total capital expenditure of ~₹1,750 Crores for FY 2026-27, comprising ₹650 Crores for sustaining capex and ₹1,100 Crores for growth capex (including ₹250 Crores for strategic land acquisition).
Key Strengths
Uno Minda maintains several structural advantages that anchor its market leadership and business resilience:
- Deep OEM Integrations: Over 65 years of preferred-supplier relationships with major domestic and international passenger vehicle, two-wheeler, and commercial vehicle OEMs.
- Technology Partnerships & Alliances: 17 active Joint Ventures and Technical License Agreements with global technology leaders including Tokai Rika, Toyoda Gosei, Denso Ten, Roki, Inovance, Aisin, and StarCharge.
- Robust Intellectual Property Estate: Strong R&D network with 1,176 IPRs filed and 869 granted, backed by 37 R&D and engineering centres worldwide.
- Powertrain-Agnostic Portfolio: Over 95% of products serve ICE, hybrid, and electric vehicles seamlessly, protecting margins against rapid propulsion shifts.
- Massive Aftermarket Infrastructure: Extensive B2C distribution engine reaching 100,000+ touchpoints, 1,600+ business partners, and 150,000+ workshops.
- Proximity to Customer Hubs: Strategically located manufacturing footprint across 72 Indian plants and 6 overseas plants positioned adjacent to key OEM production clusters.
Key Challenges and Risks
Uno Minda actively monitors and mitigates key operational, geopolitical, financial, and strategic risks:
- Geopolitical & Trade Policy Risks: Heightened global trade fragmentation, Middle East conflicts, and US/EU tariff realignments create potential supply chain disruptions. Mitigation: Expanding localized manufacturing, diversifying supplier bases across ASEAN, and leveraging India’s favorable trade pacts (e.g., India-EU FTA).
- Raw Material & Rare-Earth Supply Volatility: Price fluctuations in aluminium, copper, and electronic components, alongside global shortages of rare-earth magnets. Mitigation: Cost pass-through arrangements with OEMs, strategic hedging, and localizing magnet sourcing.
- Cybersecurity & Data Privacy Risks: Rising threat vectors across enterprise IT, shop-floor OT, and connected vehicle software. Mitigation: Deploying zero-trust architecture, SOC monitoring, ISO 27001/27701 certifications, and DPDPA compliance frameworks.
- Talent Shortages in Emerging Tech: Scarcity of specialized software and hardware talent for SDV architectures and high-voltage EV powertrains. Mitigation: Structured internal upskilling via GCEST, continuous learning through UMbrella academy, and strategic university partnerships.
Conclusion and Strategic Outlook
Uno Minda Limited enters FY 2026-27 with strong operational momentum, a well-capitalized balance sheet, and a expanding order book across core and emerging technology verticals. By anchoring its strategy to the PACE framework, completing critical greenfield expansions in 4W EV powertrains and alloy wheels, and digitising its shop floor through Smart Factory and AI initiatives, Uno Minda is exceptionally well-positioned to maintain its industry outperformance and power the transition toward a smarter, safer, and cleaner mobility era.
Official Site
For more detailed information, visit the official Uno Minda website at: https://www.unominda.com
Profit and Loss
The following table summarizes the consolidated financial performance of Uno Minda Limited for the fiscal years 2025-26, 2024-25, and 2023-24.
| Particulars (₹ in Crores) | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue from Operation | 19,658 | 16,775 | 14,031 |
| EBITDA | 2,251 | 1,874 | 1,585 |
| EBITDA Margin | 11.5% | 11.2% | 11.3% |
| Profit before Share of Profit/Loss of JVs & Tax | 1,396 | 1,118 | 980 |
| Share of Profit (loss) from JVs | 249 | 180 | 185 |
| PAT (Attributable to Shareholders of Uno Minda) | 1,197 | 943 | 875 |
Source: Integrated Annual Report 2025-26, Page 32
Key Performance Insights:
* Revenue Growth: The company achieved a consolidated revenue growth of +17% in FY 2025-26 compared to the previous year, reaching ₹19,658 Crores.
* EBITDA Performance: EBITDA rose by +20% to ₹2,251 Crores, with the EBITDA margin improving to 11.5% from 11.2% in the prior year.
* Profitability: Profit After Tax (PAT) attributable to shareholders grew by +27%, reaching ₹1,197 Crores.
Balance Sheet
The consolidated balance sheet highlights the company’s financial position as of 31 March 2026.
| Particulars (₹ in Crores) | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Net Fixed Assets | 6,404 | 5,479 | 4,146 |
| Investment in Subsidiaries & Associates | 924 | 811 | 807 |
| Other Non-Current Assets | 379 | 346 | 439 |
| Current Assets | 5,996 | 5,107 | 4,505 |
| Assets Classified as Held for Sale | 3 | – | 6 |
| Total Assets | 13,705 | 11,743 | 9,903 |
| Total Equity | 7,260 | 6,113 | 5,265 |
| Non-Current Liabilities | 1,443 | 1,570 | 965 |
| Current Liabilities | 5,001 | 4,060 | 3,673 |
| Total Equity & Liabilities | 13,705 | 11,743 | 9,903 |
Source: Integrated Annual Report 2025-26, Page 32
Liquidity and Capital Structure:
* Asset Growth: Total assets increased to ₹13,705 Crores, driven by significant investments in net fixed assets.
* Equity Position: Total equity stood at ₹7,260 Crores, reflecting a +19% increase over the previous year.
* Debt Management: The company maintained a net debt-to-equity ratio of 0.30 as of 31 March 2026, an improvement from 0.34 as of 31 March 2025.
Cash Flow
| Particulars (₹ in Crores) | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Net cash flows from operating activities | 1,721.78 | 1,071.47 |
| Net cash used in investing activities | (1,651.92) | (1,530.11) |
| Net cash flows from financing activities | 9.85 | 365.23 |
| Net increase/(decrease) in cash and cash equivalents | 79.71 | (93.41) |
Source: Integrated Annual Report 2025-26, Page 244
Cash Flow Drivers:
* Operating Cash Flow: The company generated strong operating cash flows of ₹1,721.78 Crores, a significant increase from ₹1,071.47 Crores in the previous year.
* Investing Activities: Cash used in investing activities was ₹1,651.92 Crores, primarily reflecting capital expenditure for capacity expansion and strategic acquisitions.
Subsidiaries, Associates, and Joint Ventures
The following table lists the key entities within the Uno Minda Group as of 31 March 2026.
| Name of Entity | Relationship | Ownership Interest (31 March 2026) |
|---|---|---|
| Uno Minda Kyoraku Limited | Subsidiary | 67.68% |
| Minda Storage Batteries Private Limited | Subsidiary | 100.00% |
| Uno Minda Katolec Electronics Services Pvt Ltd | Subsidiary | 51.00% |
| Uno Mindarika Private Limited | Subsidiary | 51.00% |
| MI Torica India Private Limited | Subsidiary | 60.00% |
| MITIL Polymer Private Limited | Subsidiary | 60.00% |
| Uno Minda EV Systems Private Limited | Subsidiary | 100.00% |
| Uno Minda Auto Systems Private Limited | Subsidiary | 100.00% |
| Uno Minda Mobility Solutions Private Limited | Subsidiary | 100.00% |
| Uno Minda Tachi-S Seating Private Limited | Subsidiary | 51.00% |
| Uno Minda Auto Technologies Private Limited | Subsidiary | 100.00% |
| Uno Minda Auto Innovations Private Limited | Subsidiary | 100.00% |
| Uno Minda D-Ten India Private Limited | Joint Venture | 51.00% |
| PT Minda Asean Automotive | Subsidiary | 100.00% |
| PT Minda Trading | Subsidiary | 100.00% |
| SAM Global PTE LTD | Subsidiary | 100.00% |
| Minda Industries Vietnam Company Limited | Subsidiary | 100.00% |
| Minda Korea Co. Ltd | Subsidiary | 100.00% |
| Uno Minda Auto Spare Parts and Trading LLC | Subsidiary | 100.00% |
| Uno Minda Europe GmbH | Subsidiary | 100.00% |
| Uno Minda Systems GmbH | Subsidiary | 100.00% |
| Creat GmbH | Subsidiary | 100.00% |
| CREAT Czech s.r.o. | Subsidiary | 100.00% |
| GLOBAL Mazinkert S.L. Madrid | Subsidiary | 100.00% |
| Light & System Technical Centre, S.L. Spain | Subsidiary | 100.00% |
| Rinder Riducco, S.A.S. Columbia | Joint Venture | 50.00% |
| Clarton Horn, S.A.U. Spain | Subsidiary | 100.00% |
| Clarton Horn, Singaloustik, GmbH, Germany | Subsidiary | 100.00% |
| Clarton Horn, Mexico S. De R.L. De. C.V. Mexico | Subsidiary | 100.00% |
| Toyoda Gosei Uno Minda India Private Limited | Joint Venture | 49.90% |
| Toyoda Gosei South India Private Limited | Joint Venture | 47.41% |
| Roki Uno Minda Company Private Limited | Joint Venture | 49.00% |
| Minda TTE Daps Private Limited | Joint Venture | 50.00% |
| Denso Ten Uno Minda India Private Limited | Joint Venture | 49.00% |
| Minda Westport Technologies Limited | Subsidiary | 75.99% |
| Minda Onkyo India Private Limited | Subsidiary | 80.00% |
| Tokai Rika Minda India Private Limited | Joint Venture | 30.00% |
| Minda Nabtesco Automotive Private Limited | Associate | 49.00% |
| CSE Dakshina Solar Private Limited | Associate | 27.71% |
| Strongsun Renewables Private Limited | Associate | 28.10% |
Source: Integrated Annual Report 2025-26, Pages 252-253
Other Investments
| Investment | Nature | Ownership % |
|---|---|---|
| OPG Power Generation Private Limited | Unquoted Equity (FVTPL) | Not Disclosed |
| Green Infra Wind Energy Theni Limited | Unquoted Equity (FVTPL) | Not Disclosed |
| Shree Mother Capfin and Securities Private Limited | Unquoted Equity (FVTPL) | Not Disclosed |
| Mulanur Wind Energy Limited | Unquoted Equity (FVTPL) | Not Disclosed |
| SAKS Power Private Limited | Unquoted Equity (FVTPL) | Not Disclosed |
| Paras Green Power LLP | Unquoted Capital (FVTPL) | Not Disclosed |
| Friwo AG, Germany | Quoted Equity (FVOCI) | Not Disclosed |
Source: Integrated Annual Report 2025-26, Page 510
Physical Properties
The company operates 78 manufacturing plants globally, with 72 located in India.
India Footprint (Manufacturing Plants):
* North Zone: Manesar, Bawal, Neemrana, Bhiwadi, Bahadurgarh, Sonipat, Nalagarh, Pantnagar, Haridwar, Farrukhnagar, Gurugram, Baddi, Greater Noida, Kharkhoda.
* West Zone: Pune, Chakan, Waluj, Pithampur, Ranjangaon, Supa, Nashik, Khed.
* East Zone: Jamshedpur.
* South Zone: Bengaluru, Narsapur, Chennai, Hosur, Mysuru, Ramanagara, Madurai, Anantapur.
Source: Integrated Annual Report 2025-26, Page 18
Investments and Capital Expenditure Plans
- Capex Incurred: ₹1,572 Crores incurred up to 31 March 2026.
- Strategic Land Acquisition: Acquired 88 acres of land at Chhatrapati Sambhajinagar to build a land bank for future greenfield expansions.
- EV Infrastructure: Announced a second greenfield EV powertrain plant in Chhatrapati Sambhajinagar with an investment of ₹550 Crores.
- Casting Facility: Approved capital expenditure of ₹210 Crores to establish a new plant dedicated to EV-related casting products at Chhatrapati Sambhajinagar.
- R&D Investment: Approximately 4% of revenue is spent on R&D, with 37 global R&D and engineering centres.
Source: Integrated Annual Report 2025-26, Pages 6, 28, 37
Shareholding Pattern
| Category of Shareholders | No. of Shares | % of Total Shares |
|---|---|---|
| Promoters and Promoters Group | 39,47,60,835 | 68.37% |
| Mutual Funds | 6,93,65,385 | 12.01% |
| Foreign Portfolio Investors Category I | 4,86,02,153 | 8.42% |
| Resident Individuals (up to ₹2 Lakhs) | 2,57,40,582 | 4.46% |
| Insurance Companies | 1,40,62,347 | 2.44% |
| Provident Funds/ Pension Funds | 1,29,15,932 | 2.24% |
| Others | 1,19,74,582 | 2.06% |
| Total | 57,74,21,816 | 100.00% |
Source: Integrated Annual Report 2025-26, Page 217
Frequently Asked Questions
What is Uno Minda Limited’s primary line of business?
Uno Minda Limited is a global Tier-1 manufacturer and systems architect of proprietary automotive components and solutions. Its business spans six primary domains: Electronics & Control Systems, Lighting & Alternate Fuel Systems, Light Metal & Powertrain Systems, Safety & Comfort Systems, ADAS/Controllers/Sensors, and 4W EV Powertrains.
What were Uno Minda’s consolidated financial results for FY 2025-26?
In FY 2025-26, Uno Minda reported consolidated revenue from operations of ₹19,658 Crores (representing a YoY growth of +17%), an EBITDA of ₹2,251 Crores (YoY growth of +20%), and a Profit After Tax attributable to owners of ₹1,197 Crores (YoY growth of +27%). Total Group Turnover including joint ventures and associates reached ₹25,200 Crores.
What is Uno Minda’s electric vehicle (EV) strategy?
Uno Minda offers an extensive powertrain-agnostic and EV-specific portfolio. For 2W/3W EVs, it provides motor controllers, BMS, chargers, and traction motors. For 4W EVs, it is building high-voltage powertrain facilities in Khed City (Pune) and Chhatrapati Sambhajinagar to produce Electric Drive Units (EDU), 6-in-1 e-axles, and Dedicated Hybrid Transmissions (DHT) in partnership with Inovance Automotive.
How extensive is Uno Minda’s global and domestic manufacturing footprint?
Uno Minda operates 78 manufacturing facilities globally, including 72 plants in India and 6 international plants in Mexico, Colombia, Spain, Germany, Indonesia, and Vietnam. It also operates 37 global R&D and engineering centres and 18 warehouses.
What sustainability targets has Uno Minda set?
Uno Minda is committed to achieving 60% renewable electricity usage across its global operations by 2030 and reaching complete carbon neutrality by 2040. As of April 2026, green power accounts for ~30% of its electricity consumption, with projects underway to increase green power share to over 50%.








