Minda Corporation Limited has invested ₹25 crore in its wholly owned subsidiary, Spark Minda Green Mobility Systems Private Limited, by subscribing to its rights issue, as per the exchange filings.
The investment, completed on 19 July 2026, involved the acquisition of 2.5 crore equity shares and has been made to provide growth capital for the subsidiary while maintaining Minda Corporation's 100% ownership.
The capital infusion has been made to fund the subsidiary's business requirements and support the group's long-term growth strategy.
The company subscribed to 2.5 crore equity shares having a face value of ₹10 each, with the ₹25 crore consideration paid in cash through the normal banking channel.
Following the investment, Spark Minda Green Mobility Systems continues as a wholly owned subsidiary with no change in Minda Corporation's shareholding.
Spark Minda Green Mobility Systems, incorporated on 22 February 2021, operates in the Automotive Parts & Components sector and focuses on the design, development and manufacturing of electric vehicle parts and components in India.
The subsidiary has reported consistent growth in revenue, with turnover increasing from ₹3544.12 Lakhs in FY24 to ₹4053.33 Lakhs in FY25, and further to ₹5362.07 Lakhs in FY26.
Minda Corporation Limited, the flagship company of the Spark Minda Group, is a leading automotive component manufacturer supplying safety, security and electronic systems to vehicle manufacturers.
Its product portfolio spans passenger vehicles, two-wheelers, commercial vehicles, off-highway vehicles and the aftermarket, with a growing focus on electric mobility solutions.
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As of 20 July 2026, at 1:50 PM, Minda Corporation Ltd share price was trading at ₹673 per share, reflecting a decline of 0.78% from the previous trading session.
The latest capital infusion strengthens the financial position of Spark Minda Green Mobility Systems to support its future business requirements while enabling Minda Corporation to retain its 100% ownership in the electric vehicle components subsidiary.
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Published on: Jul 20, 2026, 3:02 PM IST
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