Minda Inc completes acquisition of Rinder lighting business
The acquisition includes 100 per cent equity holding in Rinder India and Light Systems and Technical Centre in Spain; and 50 per cent equity holding in Rinder Riducu, Colombia
The acquisition includes 100 per cent equity holding in Rinder India and Light Systems and Technical Centre in Spain; and 50 per cent equity holding in Rinder Riducu, Colombia
In FY16, Minda’s revenues grew 13%, while profit jumped 64% to Rs 111 crore after the turnaround of two loss-making units, higher operating efficiencies and pruned cost of operations.
The acquisition includes 100 per cent equity holding in Rinder India and Light Systems and Technical Centre in Spain; and 50 per cent equity holding in Rinder Riducu, Colombia
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Sudhir Jain | 00010445 | sjain@mindagroup.com | Director | 04 Jun,2016 |
Pradip Kumar Tewari | 00068543 | pradeeptewari@mindagroup.com | Director | 04 Jun,2016 |
Satish Sekhri | 00211478 | satishsekhri@gmail.com | Director | 26 Oct,2016 |
Xabier Esquibel Sesma | 03548407 | x.eskibel@rinder.com | Director | 27 Mar,2015 |
Apurva Pradeep Joshi | 06608172 | csrsk786@gmail.com | Director | 01 Dec,2016 |
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