Mahindra CIE automotive limited

Mahindra CIE Automotive Limited

Company limited by Shares (2) 1904+ employees

Mahindra CIE automotive limited Description

Mahindra CIE Automotive Limited is a multi-technology automotive components supplier that is listed on the stock exchanges in Mumbai. They are an alliance between the CIE group which holds the majority stake and the Mahindra group which also has a significant stake. It was established in the year 1999 and has its headquarters in Mumbai. They manufacture and supply automotive components in India and internationally. The company’s products include crankshafts, stub axles, steering components, and other forged parts. They also manufacture stampings such as body systems, chassis systems, and assemblies; gears, shafts, and Bevel set gears and castings, that includes axle and transmission parts, engine parts, bearing caps, brake calipers, and manifold tractor parts. The company offers their products for use in passenger cars, commercial vehicles, railways, earthmoving equipment, tractors, and gen set applications. They were formerly known as Mahindra Forgings Limited and changed its name to Mahindra CIE Automotive Limited in the year 2013. . The company is a multi-technology automotive components supplier listed on the stock exchanges in Mumbai. The company is in an alliance between the CIE group which holds the majority stake and the Mahindra group which also has a significant stake. The company also produces magnetic products like permanent magnets, soft ferrite cores, impeder cores, and magnetic induction lighting products, composites comprising sheet, dough moldings, auto parts, medical equipment covers and wind mill parts. The company's long list of customer's include: Hyundai, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, Renault, Ashok Leyland, Volvo India, Swaraj Mazda Ltd, Force Motors, BEML, Caterpillar, CNH, JCB and many more.

Mahindra CIE automotive limited Overview

INDIA HO
MUMBAI
COMPANY SIZE
264+ employees
CIN
L27100MH1999PLC121285
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
http://www.mahindracie.com/
EMAIL
halbe.dvait@mahindra.com
FOUNDED
13 Aug,1999
PAID-UP CAPITAL
3,783,400,510
AUTHORISED CAPITAL
4,869,426,365
ACCREDIT
ISO/TS 16949
51 Related OEMs
6 No. of plants

Company Breakup

Name share
Public Financial Companies
0.08%
Foreign Holdings
5.55%
Others
0.01%
Bodies Corporate
71.23%
Mutual Funds
5.32%
Individuals
16.65%
Venture Capital Funds
0.00%
Banks
1.17%
Total Number Of Shareholders 113754
Shareholding As On 2017-04-27

Mahindra CIE automotive limited in News

14 Oct 2021

Indian businesses seek government support to meet 2030 EV target

This is the first collective push by companies in India to switch to clean mobility and comes weeks ahead of an United Nations' climate change conference - seen as crucial to wringing out more commitments from governments to stop global warming.

12 Oct 2021

M&M Group launches advanced tractor range Yuvo Tech

Launched in 37 hp, 39hp and 42hp, the new Yuvo Tech+ is powered by Mahindra's new mZIP 3-cylinder engine, which comes with higher cubic capacity technology. The three tractor models are Tech+, Tech+ 405 and Tech+ 415.

08 Oct 2021

Ola to enter vehicle sales biz, hires Amazon exec

The Bengaluru-based company will enable the transactions through the Ola app, and said it intends to reach 100 cities through the new venture by next year. “Ola Cars will begin with pre-owned and, over time, will open it up for new vehicles from Ola Electric and other automotive brands... Starting with 30 cities, Ola Cars will soon scale up to over 100 cities,” it said.

04 Oct 2021

Opinion: How mobility as a service helps consumers switch from ‘ownership’ to `usership’

Vehicle subscription is the latest disruption in the Indian automobile sector. Owing to its ease and flexibility, consumers are increasingly switching over to the subscription model, a shift from ‘ownership’ to ‘usership’. However, to scale up the vehicle subscription model and make it sustainable, an integrated ecosystem needs to be created. OEMs and dealerships must come together with both the banks and the insurance companies to make vehicle subscription viable. In India, where about 85% of vehicles are financed, a unique business model like this has great potential.

14 Sep 2021

Schaeffler join hands with Mobileye to industrialize self-driving shuttles

The rolling chassis from Schaeffler, a modular platform for new mobility concepts, is combined with the Mobileye Drive self-driving system. The goal is to develop a new, flexible platform for self-driving shuttles and other vehicle products at full automation level 4 and to offer customers worldwide solutions for Mobility-as-a- Service (MaaS) and Transportation-as-a-Service (TaaS).

06 Aug 2021

Anand Mahindra to become group's Non-Executive Chairman from November

Mahindra had planned to take on non-executive chairmanship from April 2020 , in line with market regulator Sebi's mandate that the chairperson of the board of top 500 listed entities be a non-executive director – also not related to the MD or CEO. However, Sebi extended the deadline for compliance to April 2022.

Directors of Mahindra CIE automotive limited

Name DIN Email Designation Date of joining
Ander Arenaza Alvarez Unlock to View Unlock to View Director 13 Sep,2016
Shriprakash Shukla Unlock to View Unlock to View Director 01 Apr,2015
Suhail Amin Nathani Unlock to View Unlock to View Director 12 Dec,2014
Neelam Deo Unlock to View Unlock to View Director 29 Sep,2014
Juan Maria Bilbao Ugarriza Unlock to View Unlock to View Director 29 Sep,2014
Zhooben Dosabhoy Bhiwandiwala Unlock to View Unlock to View Director 29 Jul,2014
Dhananjay Narendra Mungale Unlock to View Unlock to View Director 04 Oct,2013
Manojkumar Madangopal Maheshwari Unlock to View Unlock to View Director 04 Oct,2013
Antonio Maria Pradera Jauregui Unlock to View Unlock to View Director 04 Oct,2013
Jose Sabino Velasco Ibanez Unlock to View Unlock to View Director 04 Oct,2013
Jesus Maria Herrera Barandiaran Unlock to View Unlock to View Director 04 Oct,2013
Krishnan Ramaswami Unlock to View Unlock to View Managing director 04 Oct,2011
Daljit Lilaram Mirchandani Unlock to View Unlock to View Director 29 Jul,2008
Hemant Hans Raj Luthra Unlock to View Unlock to View Whole-time director 24 Mar,2005

Mahindra CIE automotive limited deals in:

Components

A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-

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Financials

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Plant Details

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Clients

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Company Structure

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