Minda Corporation Limited

BSE:538962 Stock Report

Market Cap: ₹136.3b

Minda Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Ashok Minda

Chief executive officer

₹122.2m

Total compensation

CEO salary percentage24.56%
CEO tenure38.3yrs
CEO ownership48.9%
Management average tenure4.2yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ashok Minda's remuneration changed compared to Minda's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹3b

Jun 30 2025n/an/a

₹3b

Mar 31 2025₹122m₹30m

₹3b

Dec 31 2024n/an/a

₹3b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹2b

Mar 31 2024₹116m₹31m

₹2b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹3b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹82m₹30m

₹3b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹3b

Jun 30 2022n/an/a

₹2b

Mar 31 2022₹78m₹27m

₹2b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹50m₹23m

₹935m

Dec 31 2020n/an/a

-₹3b

Sep 30 2020n/an/a

-₹3b

Jun 30 2020n/an/a

-₹3b

Mar 31 2020₹34m₹26m

₹1b

Dec 31 2019n/an/a

₹1b

Sep 30 2019n/an/a

₹1b

Jun 30 2019n/an/a

₹2b

Mar 31 2019₹48m₹16m

₹2b

Compensation vs Market: Ashok's total compensation ($USD1.38M) is above average for companies of similar size in the Indian market ($USD540.80K).

Compensation vs Earnings: Ashok's compensation has been consistent with company performance over the past year.

CEO

Ashok Minda (64 yo)

38.3yrs
Tenure
₹122,158,000
Compensation

Mr. Ashok Minda serves as Group Chief Executive Officer of Spark Minda, Ashok Minda Group. Mr. Minda served as Managing Director of Minda Corporation Limited until March 31, 2007. Mr. Minda served as Manag...

Leadership Team

NamePositionTenureCompensationOwnership
Ashok Minda
Executive Chairman & Group CEOno data₹122.16m48.93%
₹ 66.7b
Vinod Raheja
Group Chief Financial Officer3.8yrs₹3.30mno data
Ashim Vohra
Group Chief Operation Officerno data₹2.10m0.022%
₹ 30.4m
Pardeep Mann
Company Secretary & Compliance Officer5.3yrs₹400.00kno data
Aakash Minda
Executive Directorno data₹24.84mno data
Naresh Modi
Group CMO & CEO of MILno data₹26.11mno data
D. Suresh
Group CTO & CEO of Spark Minda Technical Centreno datano datano data
Ajay Singhroha
Group Chief Human Resources Officerno datano datano data
Sumit Doseja
Chief Executive Officer of Mechatronics & Vehicle Access Systemno datano datano data
Ranjit Nambiar
Chief Executive Officer of Interior Plastic Division4.2yrsno datano data
P. Jayan
Chief Technology Officer of Interior Plastic Division4.2yrsno datano data
Sunil Goel
CEO of BV- IV (After Market Division)1yrno datano data
4.2yrs
Average Tenure
55yo
Average Age

Experienced Management: 538962's management team is considered experienced (4.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ashok Minda
Executive Chairman & Group CEO38.3yrs₹122.16m48.93%
₹ 66.7b
Aakash Minda
Executive Director5yrs₹24.84mno data
Naresh Modi
Group CMO & CEO of MIL4.9yrs₹26.11mno data
Ravi Sud
Independent Director1.8yrs₹2.51mno data
Pratima Ram
Lead Independent Director9yrs₹2.41mno data
Laxman Ramnarayan
Independent Director1.5yrs₹1.70m0.027%
₹ 36.5m
Gajanan Gandhe
Additional Independent Director2.3yrs₹2.22mno data
4.9yrs
Average Tenure
61yo
Average Age

Experienced Board: 538962's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/09 14:43
End of Day Share Price 2025/11/07 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Minda Corporation Limited is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAsian Markets Securities Private Limited
Nandan ChakrabortyDAM Capital Advisors
Mitul ShahDAM Capital Advisors