Minda Corp Ltd 2020 AR2
The report highlights Minda Corporation Limited's performance and strategic initiatives for the fiscal year 2019-2020. Despite a challenging automotive market and the onset of the COVID-19 pandemic, the company recorded consolidated revenue of ₹28,131 million. Key developments included the amalgamation of five domestic wholly owned subsidiaries to drive synergies and the decision to withdraw financial support from its underperforming European subsidiary, Minda KTSN. The company also advanced its electric vehicle strategy, securing orders for power electronics and telematics from leading OEMs, and continued its strong commitment to community development through the Spark Minda Foundation.
Company: Minda Corp Ltd
Sector: Manufacturing
Country: India
Year: 2020
Type: AR2
Pages: 258
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Minda Corp Ltd
Annual Report
The report highlights Minda Corporation Limited's performance and strategic initiatives for the fiscal year 2019-2020. Despite a challenging automotive market and the onset of the COVID-19 pandemic, the company recorded consolidated revenue of ₹28,131 million. Key developments included the amalgamation of five domestic wholly owned subsidiaries to drive synergies and the decision to withdraw financial support from its underperforming European subsidiary, Minda KTSN. The company also advanced its electric vehicle strategy, securing orders for power electronics and telematics from leading OEMs, and continued its strong commitment to community development through the Spark Minda Foundation.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees