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
Rinder India Private Limited was established in the year 1997 and has its headquarters in Pune. The company manufactures and designs lighting products for commercial vehicles and two wheelers in the country and across the globe. The company works as a subsidiary of Rinder Industrial SA. The products include projector lamps, LED Blinkers, LED license lamps, LED light guides for head lamps and tail lamps, blinkers and turn indicators, brake llights and many others. Currently, the company is equipped with three state-of-the-art manufacturing facilities that are situated at Delhi and Pune that caters to the requirements of the domestic as well as overseas customers. The company manufactures includes in-house processes plastic injection moulding, vacuum metalizing for reflectors, hard coating for head light senses, ultrasonic welding, robotic sealing, assembly and many more. These products are made under a strict check to control and ensure the high quality of the products. A rigorous audit is executed timely in order to check the processes. The company is equipped with more than forty injection moulding machines, that ranges from 60 T to 500 T capacities The base coating process requires PPS, PP reflectors to charge the surface before metalizing. The company has expanded to almost every part in Asia and has created a good customer base. They are proud supplier to a number of domestic and overseas customers that include: Ford, TVS, Royal Enfield, TATA, Maruti Suzuki, Nissan, Mahindra & Mahindra, JCB, Mazda and many others. Their innovative designs of their products have played a major role in getting their products known in the market. This has helped them in getting several renowned awards. The latest award added to their list is BAL Quality award.
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 | |
---|---|---|---|---|
Apurva Pradeep Joshi | Unlock to View | Unlock to View | Director | 01 Dec,2016 |
Satish Sekhri | Unlock to View | Unlock to View | Director | 26 Oct,2016 |
Sudhir Jain | Unlock to View | Unlock to View | Director | 04 Jun,2016 |
Pradip Kumar Tewari | Unlock to View | Unlock to View | Director | 04 Jun,2016 |
Xabier Esquibel Sesma | Unlock to View | Unlock to View | Director | 27 Mar,2015 |
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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