Stock Report

Uno Minda announces Leadership Transition and expansion of R&D capabilities into Czech Republic

Posted On : 2025-03-03 23:20:17( TIMEZONE : IST )

Uno Minda Limited ("Uno Minda"), a global Tier-1 supplier of proprietary automotive systems and solutions to original equipment manufacturers ("OEMs"), announced the superannuation of Mr. Rajeev Gandotra, CEO of the Lighting and Acoustics Domain (LAS)-2 and elevation of Mr Vivek Jindal as the CEO for the consolidated LAS Domain.

Leadership Transition:

Mr. Rajeev Gandotra, who has held various leadership roles in last 31 years with Uno Minda Group, has retired after a distinguished career. Uno Minda extends its sincere gratitude to Mr. Gandotra for his invaluable contributions and wishes him a fulfilling retirement.

Mr. Vivek Jindal, Whole time Director and also formerly CEO of LAS-1, has been appointed as the CEO of the consolidated Lighting and Alternate Fuel Systems (LAS) Domain. Mr. Jindal brings extensive experience and a proven track record of success to this expanded role. Uno Minda has combined and strategically restructured its LAS-1 and LAS-2 domains to form the Lighting and Alternate Fuel Systems (LAS) Domain. This reorganization will enhance operational efficiency, streamline decision-making, increased focus on sustainable mobility and foster greater synergy across the lighting and alternate fuel systems businesses.

Expansion of R&D Capabilities:

In a move to further strengthen its technological leadership in advanced lighting solutions, Uno Minda has established a new R&D and engineering center in the Czech Republic. This state-of-the-art facility will focus on developing cutting-edge lighting technologies to meet the evolving needs of the global automotive industry.

Shares of Minda Industries Limited was last trading in BSE at Rs. 828.55 as compared to the previous close of Rs. 823.70. The total number of shares traded during the day was 25465 in over 2111 trades.

The stock hit an intraday high of Rs. 832.55 and intraday low of 800.25. The net turnover during the day was Rs. 20710811.00.