UNO MINDA Group- Organisation and Business Transformation
New Delhi, March 15, 2021:Uno Minda embarks on Organisation and business transformation which will reimagine, redesign and realign our businesses, processes, systems and structures to be a future ready and Sustainable Organization.
Key Changes which will take effect from April 1st, 2021 are as follows
- The Organisation is being carved into Four Domains which shall be System Oriented. Domain realignment is done basis technologies, collaborators and customers connects. Realignment will result in better synergies and efficiency.
- Key functions like marketing, procurement and R&D also have been redesigned to have centralized team facilitating better control and cost efficiency on account of scale.
- Dedicated team formed within marketing function to focus on ASEAN, EU, Americas and Japan markets. We also propose to open office in Thailand to cater to ASEAN market for better coordination and strengthening relation with global OEM’s
Mr. Nirmal K Minda,CMD of UNO MINDA Group, commenting on the organisation changessaid, “Evolving to the needs of industry is key to sustainable future and creating a robust business model. UNO MINDA Group continues to transform how it operates and build a more customer-driven and streamlined organization for the future. The latest phase of our transformation journey is designed to improve growth and operational efficiency, and will enable us to create even more value for our customers and shareholders. This is a defining moment for the group and will be instrumental in our journey of transformation to a unified force”.
Mr. Sunil Bohra, Group CFO of UNO MINDA Group said, “These changes create the right structure to build our businesses over the long term and increase our ability to successfully execute on our top priority. Our goal is to better align with the needs of our customers, and through that increase accountability, reduce complexity and improve cost-efficiency. We will continue to evolve into a more global company, leveraging economies of scale and driving innovation across UNO MINDA Group.”.
About Minda Industries Limited:
Minda Industries Limited (MIL) is a flagship Company of UNO MINDA Group. UNO MINDA, a technology leader in Auto Components Industry is a leading supplier of proprietary automotive solutions to OEMs as Tier-1. It manufactures automobile components for Original Equipment Manufacturers (OEMs). It is an INR 7,200 crores (~US$ 1.0 billion) Group as in 2019-20 and is rapidly expanding with growing market share across all its product lines. It endeavours to deliver high technology and quality products to its customers globally.
For more information about the Group and its businesses, please visit website at http://www.unominda.com
For further information on earnings please contact |
| Ankur Modi Head, Treasury & Investor Relations Minda Industries Ltd CIN No: L74899DL1992PLC050333 Email id: amodi@mindagroup.com |
| For Media Queries |
| Rishibha Kumari Corporate Communications Minda Industries Ltd CIN No: L74899DL1992PLC050333 Email id: rkumari@mindagroup.com |
Safe Harbor: This document may contain forward-looking statements about Minda Industries Ltd & its subsidiaries, which are based on the beliefs, opinions and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.