Credit rating agency, ICRA has assigned the ‘SP 2A’ grading to Minda Industries, indicating the ‘High Performance Capability’ and ‘Highest Financial Strength’ of the channel partner to undertake offgrid solar projects. The grading is valid for a period of two years from March 16, 2015 after which it will be kept under surveillance.
Minda Industries is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles.