Local Companies, Global PEs in Race for Amtek
“Bharat Forge and Sona are looking to acquire parts of the auto forging assets, while financial investors are looking to acquire the entire basket,” said a source.
Sona Koyo Steering Systems Limited
Sona Koyo Steering Systems Limited Overview
INDIA HO
GurgaonCOMPANY SIZE
1001-5000INDIA HO
GurgaonCIN
L29113DL1984PLC018415TYPE
PublicCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
http://www.sonagroup.comFOUNDED
1984-06-14PAID-UP CAPITAL
198,742,000AUTHORISED CAPITAL
271,000,000ACCREDIT
ISO/TS 16949Sona Koyo Steering Systems Limited in News
CCI approves JTEKT Corp's stake acquisition in Sona Koyo Steering Systems
JTEKT Corporation, in India, is mainly engaged in the manufacture and sale of various types of bearings, machine tools and mechatronics through its subsidiaries.
Sona group may buy out Japanese partner in joint venture
Sona BLW, with an annual turnover of around Rs 2,500 crore, is the flagship company of the Sunjay Kapur-led Rs 3,500 crore Sona group.
Sona Koyo Steering Systems Q2 PAT up 17.2% at Rs 61 million
Due to strong performance of new models launched by OEMs like Brezza, TUV 300, EBITDA at Rs 290 million in Q2FY17 compared to Rs 286 million in Q2FY16 registered growth of 1 percent.
Japan-based JTEKT Corp looking to hike stake in Sona Koyo Steering Systems
"Currently, JTEKT Corp holds around 20% stake and they are now in talks with Sona Koyo Steerings Systems to raise this holding to a significant majority stake. Due diligence is underway on this proposed transaction."
Sona Koyo consolidated Q1 PAT down 11%
The company's standalone PAT increased by 77 percent to Rs 3.09 crore as against Rs 1.75 crore during the same period last year.
Gurugram Rains: Auto industry at receiving end as it faces production loss, low workers' attendance
Rico Auto, a major auto parts supplier, which had its Board meeting scheduled on Friday got delayed by four hours even though some board member could not reach
Sona Koyo FY 16 net profit jumps 39%
For the quarter ended 31st March, 2016, Net Sales were flat at 288.8 Crores compared to Rs. 289.5 Crores achieved during the same period last year. Profit after tax is Rs. 16.38 Crores against Profit of Rs. 10.8 crores during the same period last year, which is a 50 percent growth year-on-year
Sona Group to double turnover to Rs 10K cr by 2020, foray into railways, defence, aerospace
Sunjay Kapur, chairman, Sona Koyo Steering Systems, said, “As a group we should double our sales by 2020, that’s really our aim.”
Sona Koyo Q3 net down 37% at Rs 4.5 crore
Net sales during the quarter under review declined by 4.91 per cent to Rs 351.57 crore from Rs 369.73 crore in the same period last fiscal,.
Sona Koyo to launch power steering for small tractors in India
The company is already exporting power steering technology called Electronic Power Assisted Module (EPAM), developed for off-road vehicles four years back, to the US market.
Sona Koyo steering system Q2 net profit falls 22.3%
It's consolidated net sales too decreased 3.2 percent to Rs. 387.18 crores in Q2 of FY16, down from Rs. 399.9 crores during the same period last year
CEOs meet on safety of industrial workers
Twenty-year-old Neeraj Kumar had left his village in Kannauj, Uttar Pradesh, and come down to Gurgaon with dreams of feeding his family well.
Our focus this year is consolidation, not expansion: Sunjay Kapur
In his first interview since taking charge as chairman, Sunjay says the group plans to centralise management of Sona Koyo and Sona BLW
Sona Koyo Q1 net profit up 16% to Rs 4.14 crore
The company had a consolidated net profit of Rs 3.57 crore in the same period last fiscal, Sona Koyo Steering Systems said in a BSE filing.
How the second wave of Indian auto component makers crack the global acquisitions puzzle
Between 2005 and 2010, Indian auto component companies made 68 global acquisitions investing $1 billion. In almost five years after that, they made about 28 international buyouts worth $1.2 billion
SIAM, ACMA express grief over death of Surinder Kapur
Kapur (71), who has been the past president of Automotive Component Manufacturers Association of India (ACMA) and Society of Indian Automobile Manufactures (SIAM), died earlier this week in Munich
Sona Group founder Surinder Kapur, 71, passes away
Dr Kapur was revered as a noted industrialist and a pioneer in the Indian auto industry. He has held various positions of responsibility in key industry bodies
Sona Koyo Q4 net profit jumps 34.6% to Rs 18.61 crore
Consolidated net sales for Fy15 Q4 has improved by 7.37 percent to Rs 417.25 crore
ETAutoTV: ‘Exports next big strategy for Sona Koyo’
Surinder Kapur, Chairman, Sona Koyo said that growth in auto sector is helping component makers and exports are the next big strategy for the company.
Directors of Sona Koyo Steering Systems Limited
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Ramni Nirula | 00015330 | ramni.nirula@gmail.com | Director | 01 Nov,2011 |
| Prasan Abhaykumar Firodia | 00029664 | Director | 01 Aug,2014 | |
| Sunjay Kapur | 00145529 | sunjay.kapur@sonagroup.com | Director | 22 Oct,2011 |
| Ramesh Suri | 00176488 | vikas.sabharwal@subros.com | Director | 23 Oct,2006 |
| Ravi Bhoothalingam | 00194530 | Director | 27 Mar,2002 | |
| Prem Kumar Chadha | 00245680 | premchadha@hotmail.com | Director | 27 Mar,2002 |
| Rani Kapur | 00465750 | rani.kapur@sonagroup.com | Director appointed in casual vacancy | 05 Nov,2015 |
| Kiran Manohar Deshmukh | 01807023 | kiran.deshmukh@sonagroup.com | Director | 01 May,2008 |
| Shamsher Singh Mehta | 02201929 | shammi44@gmail.com | Director | 30 Apr,2008 |
| Kiyozumi Kamiki | 06536243 | kiyozumi.kamiki@sonagroup.com | Whole-time director | 15 May,2013 |
| Hidekazu Omura | 06865724 | omura@koyo.co.in | Nominee director | 30 May,2014 |
| Toshiya Miki | 07505339 | toshiya.miki@maruti.co.in | Director | 05 Aug,2016 |
Sona Koyo Steering Systems Limited deals in:
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