Minda Corporation’s subsidiary - Minda SAI, has acquired 100% equity of El-LABS India (El-LABS) from the existing Indian Promoters. This acquisition is a part of long-term strategy of Minda SAI, a wholly owned subsidiary of the company for growth to diversify its business into the new line of business of connected mobility and Internet of Things (loTs).
Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Electronic Controllers for Electric Vehicles and for Auto OEM’s across the Globe. It also manufactures Die Casting Parts for auto and consumer durable industry.
