Uno Minda Management

Management criteria checks 1/4

Uno Minda's CEO is Nirmal Minda, appointed in May 2010, has a tenure of 31.67 years. total yearly compensation is ₹216.60M, comprised of 19.4% salary and 80.6% bonuses, including company stock and options. directly owns 36.32% of the company’s shares, worth ₹153.71B. The average tenure of the management team and the board of directors is 4.3 years and 2.1 years respectively.

Key information

Nirmal Minda

Chief executive officer

₹216.6m

Total compensation

CEO salary percentage	19.4%
CEO tenure	14yrs
CEO ownership	36.3%
Management average tenure	4.3yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nirmal Minda's remuneration changed compared to Uno Minda's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹8b
Jun 30 2023	n/a	n/a	₹7b
Mar 31 2023	₹217m	₹42m	₹7b
Dec 31 2022	n/a	n/a	₹6b
Sep 30 2022	n/a	n/a	₹6b
Jun 30 2022	n/a	n/a	₹5b
Mar 31 2022	₹126m	₹31m	₹4b
Dec 31 2021	n/a	n/a	₹4b
Sep 30 2021	n/a	n/a	₹4b
Jun 30 2021	n/a	n/a	₹4b
Mar 31 2021	₹77m	₹18m	₹2b
Dec 31 2020	n/a	n/a	₹782m
Sep 30 2020	n/a	n/a	₹145m
Jun 30 2020	n/a	n/a	-₹169m
Mar 31 2020	₹23m	₹15m	₹2b
Dec 31 2019	n/a	n/a	₹2b
Sep 30 2019	n/a	n/a	₹2b
Jun 30 2019	n/a	n/a	₹3b
Mar 31 2019	₹84m	₹14m	₹3b
Dec 31 2018	n/a	n/a	₹3b
Sep 30 2018	n/a	n/a	₹3b
Jun 30 2018	n/a	n/a	₹3b
Mar 31 2018	₹77m	₹11m	₹3b

Compensation vs Market: Nirmal's total compensation ($USD2.59M) is above average for companies of similar size in the Indian market ($USD572.91K).

Compensation vs Earnings: Nirmal's compensation has increased by more than 20% in the past year.

CEO

Nirmal Minda (66 yo)

14yrs

Tenure

₹216,600,000

Compensation

Mr. Nirmal Kumar Minda has been Non-Independent Chairman and Managing Director at UNO Minda Limited since May 25, 2015 and serves its Director since September 16, 1992. Mr. Minda serves as Managing Directo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nirmal Minda	Non-Independent Chairman & MD	14yrs	₹216.60m	36.32% ₹ 153.7b
Ravi Mehra	Deputy MD & Add Whole-time Director	no data	₹83.40m	0.060% ₹ 254.8m
Sunil Bohra	Group CFO and CEO- Safety & Control Systems Domain	5.6yrs	₹47.50m	0.0052% ₹ 22.1m
Amit Jain	Group Chief Technology Officer	no data	no data	0.012% ₹ 52.0m
Ankur Modi	Head of Treasury	no data	no data	no data
Tarun Srivastava	Compliance Officer & Company Secretary	6yrs	₹4.30m	no data
Rakesh Mehta	Chief Human Resource Officer	less than a year	no data	no data
Vivek Jindal	Whole-time Director	1.1yrs	₹1.65m	no data
Naveesh Garg	Chief Executive Officer of Electronics & Control Systems Domain	1.1yrs	no data	0.037% ₹ 155.8m
Rajeev Gandotra	Chief Executive Officer of Lighting & Acoustics Systems	5.3yrs	no data	0.043% ₹ 181.7m
Kundan Jha	Chief Executive Officer of Light Metal & Powertrain Systems	no data	no data	0.054% ₹ 227.7m
Rakesh Kher	Chief Executive Officer of Aftermarket Domain	3.3yrs	no data	0.020% ₹ 86.0m

4.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 532539's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nirmal Minda	Non-Independent Chairman & MD	31.7yrs	₹216.60m	36.32% ₹ 153.7b
Ravi Mehra	Deputy MD & Add Whole-time Director	3.1yrs	₹83.40m	0.060% ₹ 254.8m
Vivek Jindal	Whole-time Director	1.1yrs	₹1.65m	no data
Rajiv Batra	Additional Non-Executive Independent Director	2.1yrs	₹565.00k	no data
Anand Minda	Non-Executive Director	13.1yrs	no data	0.41% ₹ 1.7b
Satish Borwankar	Non-Executive Independent Director	2.1yrs	₹395.00k	no data
Rakesh Batra	Non-Executive Independent Director	2.8yrs	₹940.00k	no data
Rashmi Urdhwareshe	Non-Executive Independent Director	1.3yrs	₹300.00k	no data
Krishana Khandelwal	Non-Executive & Independent Director	less than a year	no data	no data

2.1yrs

Average Tenure

68yo

Average Age

Experienced Board: 532539's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Uno Minda Management

Management criteria checks 1/4

Key information

Recent management updates

Uno Minda Limited Appoints Rakesh Mehta as Chief Human Resource Officer

Uno Minda Limited, Annual General Meeting, Sep 20, 2023

Uno Minda Limited Announces Cessation of Krishan Kumar Jalan as Director

Uno Minda Limited Announces Executive Changes

Insider recently bought ₹229k worth of stock

Insider recently sold ₹1.0m worth of stock

Recent updates

Uno Minda Limited Appoints Rakesh Mehta as Chief Human Resource Officer

Dividend of ₹0.65 announced

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Uno Minda Limited Declares an Interim Dividend for the Financial Year 2023-24

Uno Minda Limited to Report Q2, 2024 Results on Nov 07, 2023

Uno Minda Limited (BSE:532539) agreed to acquire additional 26% stake in Minda Westport Technologies Limited from Westport Fuel Systems Italy S.r.l. for INR 148 million.

Uno Minda Limited Approves Final Dividend for the Year Ended March 31, 2023

Uno Minda Limited (BSE:532539) agreed to acquire remaining 3.81% stake in UNO MINDA Europe GmbH for €1.3 million.

Uno Minda Limited, Annual General Meeting, Sep 20, 2023

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Uno Minda Limited to Report Q1, 2024 Results on Aug 09, 2023

New minor risk - Dividend sustainability

Pioneer Finest Limited completed the acquisition of Minda Nexgentech Ltd. from Uno Minda Limited (BSE:532539).

Full year 2023 earnings: EPS and revenues miss analyst expectations

Uno Minda Limited Recommends Final Dividend for the Financial Year 2022-23

Uno Minda Limited Announces Cessation of Krishan Kumar Jalan as Director

Uno Minda Limited to Report Q4, 2023 Results on May 18, 2023

Uno Minda Limited Announces Executive Changes

Insider recently bought ₹229k worth of stock

Insider recently sold ₹1.0m worth of stock

Insider recently sold ₹4.3m worth of stock

Upcoming dividend of ₹0.50 per share at 0.2% yield

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Pioneer Finest Limited agreed to acquire Minda Nexgentech Ltd. from Uno Minda Limited (BSE:532539) for INR 20.8 million.

Uno Minda Limited Declares an Interim Dividend for the Financial Year 2022-23

Uno Minda Limited Announces Complete Tenure of Pravin Tripathi as Non-Executive Independent Director

High number of new directors

Uno Minda Limited Appoints Rashmi Hemant Urdhwareshe as an Additional Director in the Category of Non-Executive Independent Director

Uno Minda Limited to Report Q3, 2023 Results on Feb 08, 2023

Price target increased to ₹623

Insider recently sold ₹676k worth of stock

Insider recently sold ₹543k worth of stock

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

UNO Minda Limited to Report Q2, 2023 Results on Nov 10, 2022

UNO Minda Limited Approves Final Dividend for the Financial Year Ended March 31, 2022

UNO Minda Limited, Annual General Meeting, Sep 16, 2022

Insider recently sold ₹3.3m worth of stock

Price target increased to ₹555

First quarter 2023 earnings released: EPS: ₹2.43 (vs ₹0.28 in 1Q 2022)

Minda Industries Limited to Report Q1, 2023 Results on Aug 08, 2022

Insider recently sold ₹13m worth of stock

High number of new directors

Minda Industries Limited Proposes Final Dividend for the Year Ended 31 March, 2022

High number of new directors

Minda Industries Limited Appoints Rajiv Batra as an Additional Director

Minda Industries Limited Announces Cessation of Mr. Satish Sekhri as Non-Executive Independent Director

High number of new directors

Minda Industries Limited (BSE:532539) completed the acquisition of an additional 46.10% stake in Auto Component from Nirmal K. Minda and Pallak Minda.

Minda Industries Limited (BSE:532539) completed the acquisition of 87.5% stake in S.M. Auto Industries from Paridhi Minda and Suman Minda.

Consensus forecasts updated

Minda Industries Limited (BSE:532539) agreed to acquire an additional 20.55% stake in Auto Component from Nirmal K. Minda and Pallak Minda for INR 36.3 million.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Minda Industries Limited (BSE:532539) agreed to acquire Samaira Engineering from Paridhi Minda and Pallak Minda for INR 88.8 million.

Price target increased to ₹1,058

Insider recently sold ₹6.2m worth of stock

Price target increased to ₹934

Insider recently sold ₹292k worth of stock

Second quarter 2022 earnings released: EPS ₹3.36 (vs ₹3.07 in 2Q 2021)

Price target increased to ₹821

Insider recently sold ₹1.1m worth of stock

Insider recently sold ₹3.6m worth of stock

Price target increased to ₹704

Non Executive Independent Director Chandan Chowdhury has left the company

Minda Industries Limited has completed a Follow-on Equity Offering in the amount of INR 6.99984 billion.

Upcoming dividend of ₹0.50 per share

Full year 2021 earnings released: EPS ₹7.73 (vs ₹5.92 in FY 2020)

Non-Independent Chairman & MD recently sold ₹320m worth of stock

Minda Industries Limited (BSE:532539) won bid to acquire of 51% stake in JV UzChasys LLC from Uzavtosanoat Joint-Stock Company for INR 581.3 million.