Minda Corporation has received National Company Law Tribunal’s (NCLT) approval for scheme of amalgamation of five domestic Indian wholly owned subsidiary companies i.e. Minda Management Services, Minda SAI, Minda Automotive Solutions, Minda Autoelektrik & Minda Telematics and Electric Mobility Solutions into the company.
The Amalgamation is expected to be beneficial as it would create greater synergies among the businesses and would enable them to have access to wider financial resources, increase the managerial efficiencies, lowering of cost structure and higher transparency.
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.
