Uno Minda announces key leadership changes to drive future growth

Uno Minda Limited ("Uno Minda") (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers ("OEMs") recently announced leadership changes to drive future growth and to groom internal talent for key leadership role as part of our succession planning. These organisation changes are effective from 1st April 2023.

Amongst the key leadership changes, Ravi Mehra, who is currently designated as Deputy Managing Director, will be responsible for Marketing, Human Resource, Strategy, Purchase, Information Technology and Corporate Affairs. With an extensive experience spanning over three decades and vast knowledge of various businesses, he has been playing an instrumental role in the phenomenal growth of the group for almostthree decades.

Sunil Bohra, Group CFO, will take on the additional responsibility of CEO, Safety and Control Systems (SCS Domain). Sunil Bohra has played a critical role as Group CFO of Uno Minda, steering the company through the pandemic, spearheading various M&A and collaborations and raising the bar of corporate governance even higher. In his additional role as CEO, he will be overseeing key businesseslike AutomotiveSeating, Blowmoulding, Airbags, EV Motors etc.

Naveesh Garg will transition into new role of CEO-Electronics and Control System Domain (ECS Domain). Naveesh Garg who had joined the group as a graduate engineering trainee almost three decades ago, had rose to the ranks of Chief Marketing Officer and now CEO for ECS Domain. In his new role Naveesh will be overseeing key businesses like Automotive switches, EV Specific product portfolio in joint venture with FRIWO, sensors, controllers etc.

Nirmal K Minda, CMD, Uno Minda Group said, "We believe in investing in our people and growing from within for leadership role. We are committed to creating newopportunities for our talent along with new perspective to our business. The recent leadership changes are testimony of our commitment to recognise and appreciate our leadership. I am confident that the new leadership with their vast and rich experiencewill drive Uno Minda into next era of growth."

Shares of Minda Industries Limited was last trading in BSE at Rs. 523.45 as compared to the previous close of Rs. 520.85. The total number of shares traded during the day was 6162 in over 409 trades.

The stock hit an intraday high of Rs. 524.95 and intraday low of 520.45. The net turnover during the day was Rs. 3221758.00.

Source : Equity Bulls

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UnoMinda INE405E01023 KeyLeadershipChanges OrganisationChanges