#1037

Nirmal Minda

India 68 years old

Overview

Source of Wealth
Auto parts
Industry
Automotive
Residence
Gurgaon
Marital Status
Married
Children
2

Assets

  • Minda Industries
    331,473,000 shares @ -
    -
    532539-IN

Biography

Nirmal Minda is executive chairman of UNO Minda (formerly Minda Industries), which makes a range of auto parts for cars and two-wheelers.

The business was started by his late father in 1958, initially to make electric parts for motorcycles.

Minda joined the family business in 1977 in the marketing division but eventually separated from his brother in 1996.

From one small workshop in Delhi, the company today has 75 factories worldwide.

Since 2020, the company has been supplying parts, such as sensors and lights, for electric vehicles. It now has a tie-up with China's Suzhou Inovance Automotive to make EV parts.