Our journey is driven by a purpose larger than profit. At Uno Minda, we believe in
building a sustainable and inclusive future, guided by our values of integrity, respect,
collaboration, and excellence. Our people remain the cornerstone of our success. They are
the architects of our culture, the drivers of our transformation, and the champions of our
long-term success.
Dear Esteemed Shareholders,
It is with great pride and optimism that I share with you the progress of Uno Minda at
the close of another milestone year. FY 2024–25 was a year of both continuity and
transformation—where we deepened our core strengths while taking bold strides to
future-proof our business in an evolving global landscape. We made meaningful progress on
all fronts—enhancing capacities across key product lines, entering high-growth
segments like sunroofs and EV-specific systems, and filing several new IPRs through our
in-house R&D capabilities. Our e_orts were further strengthened by strategic
partnerships, greenfield investments, and acquisition of land banks to support long-term
growth. Collectively, these initiatives reflect our growing role as a trusted and
future-ready partner in the global automotive supply chain.
Global and Indian Landscape: Steady Amid Shifting Tides
The global economic landscape in the year 2024 witnessed growth of 3.2%, tempered by
lingering inflationary pressures, trade friction, and geopolitical uncertainty.
Uno Minda remained largely insulated from global turmoil due to our domestic strength
and focussed diversification strategy. Even in Europe, where our acoustic business saw
softness, we sustained leadership in India and maintained steady performance.
While macroeconomic uncertainties, geopolitical tensions, and supply chain disruptions
a_ected global markets, India remained a beacon of resilience and opportunity with GDP
growth of 6.2% for the FY 2024-25. Strong domestic demand, a robust policy framework, and
increasing localisation and electrification are positioning India as one of the most
promising automotive hubs in the world.
At Uno Minda, we view this as not just a moment of opportunity but a call to lead. Our
commitment to driving innovation, enhancing customer value, and contributing to a smarter
and greener future has never been stronger.
Technology, R&D, and the Future of Mobility
We have consistently aligned our R&D and product strategies with the global
megatrends shaping the industry—Personalisation, Autonomous, Connected, and Electric
(PACE). With over 1,000 patents and design registrations filed, we continue to build a
formidable IP portfolio. The opening of our new R&D centre in the Czech Republic marks
a key milestone in our global innovation journey, complementing our strong base of over 30
engineering and R&D centres worldwide.
Our investments in advanced electronics, software-defined vehicle technologies, and
EV-ready systems rea_rm our vision to be future-ready. Strategic partnerships and in-house
capabilities are enabling us to accelerate product development and deliver next-gen
solutions across lighting, seating, acoustics, controllers, and sensors.
Purpose, People and Responsibility
Our journey is driven by a purpose larger than profit. At Uno Minda, we believe in
building a sustainable and inclusive future, guided by our values of integrity, respect,
collaboration, and excellence. Our people remain the cornerstone of our success. They are
the architects of our culture, the drivers of our transformation, and the champions of our
long-term success.
We take immense pride in nurturing a workplace where every individual feels valued,
empowered, and inspired to grow. From structured career development programmes and global
learning platforms to leadership pipelines and technical skilling initiatives, we are
deeply invested in unlocking the full potential of our workforce.
We continue to embed a culture of continuous learning, agility, and cross-functional
collaboration—supported by best-in-class people practices and a strong performance
ethic.
I am proud that Uno Minda was once again recognised among India's Best Workplaces by
Great Place to Work? Institute for the Fourth consecutive year.
Creating Shared Value
Beyond business, Uno Minda remains deeply committed to the communities we serve.
Through the Suman Nirmal Minda Foundation, we continue to deepen our impact in the areas
of education, healthcare, women's empowerment, and livelihood enhancement. Our 18
Samarth-Jyoti centres across multiple states—joined this year by a new centre in
Harohalli, Karnataka—are fostering skill development and dignity of work.
We also inaugurated a new senior secondary school in Hosur, serving underprivileged
communities near our manufacturing facility. With three such schools now operating across
India, each with a capacity of 1,500 students, our commitment to inclusive education has
taken root in a meaningful way.
On the environmental front, we deepened our focus on renewable energy, water
management, and zero-waste practices across plants. Sustainability is not a parallel
agenda at Uno Minda, it is embedded into our operational DNA.
Leadership Evolution - Ushering in a New Chapter
This year also marks a significant transition in our leadership journey. With e_ect
from 01 April 2025, I assumed the role of Executive Chairman, while Mr. Ravi Mehra has
taken on the mantle of Managing Director.
Ravi has been an integral part of Uno Minda for over three decades and brings with him
deep operational insight, strong industry relationships, and a sharp understanding of
customer needs. Under his leadership, many of our business units have grown into
market-leading verticals, with strong execution and innovation at their core.
As Executive Chairman, I will continue to guide the long-term strategic direction of
the Company, oversee governance, and nurture people, our culture and values. Ravi, as
Managing Director, will lead the overall operations and execution strategy, with a focus
on strengthening organisational capabilities, deepening customer partnerships, and scaling
innovation-led growth.
This evolution reflects our commitment to institutional resilience, clear
accountability, and future-ready leadership, hallmarks of sustainable value creation in a
rapidly changing world.
Looking Ahead
As we step into the future, we do so with optimism, clarity, and purpose. Uno Minda
remains committed to pioneering technology, delivering superior customer value, and making
a positive impact on society.
Thank you for your continued trust, encouragement, and belief in our journey.
Warm regards,
Mr. Nirmal K. Minda
Executive Chairman