Nirmal Minda became part of the family business in 1977. He is an accomplished industrialist with extensive business expertise spanning over three decades in the automotive components industry.
In India, there are numerous successful businessmen who have established thriving business empires. They have made their mark in various sectors, including manufacturing, healthcare, and the automotive industry. Among them is Nirmal Minda, a prominent figure who heads UNO Minda, a company specializing in manufacturing a wide range of auto parts for cars and two-wheelers. But who exactly is Nirmal Minda?
Nirmal Minda serves as the chairman and managing director of UNO Minda, previously known as Minda Industries. With a wealth of business experience exceeding three decades in the automotive components sector, he is a distinguished industrialist. The business was initially established by his late father in 1958 with a focus on manufacturing electric parts for motorcycles.
At the age of 65, Nirmal Minda entered the family business in 1977, initially taking on responsibilities in the marketing division. However, in 1996, he decided to part ways with his brother, leading to a separation within the business.
Nirmal Minda net worth
As per Forbes, Nirmal Minda’s net worth is estimated to be Rs 18,230 crore (USD 2.2 billion) as of May 21, 2023. He was ranked 1434th in Forbes’ list of billionaires in 2023. In 2022, Minda held the 78th position in the list of wealthiest individuals in India.
Under the leadership of Nirmal Minda, UNO Minda has achieved a remarkable market capitalization of Rs 30,500 crore as of May 21, 2023. The company has come a long way from its humble beginnings in a small workshop in Delhi and now operates 71 factories across the globe. Since 2020, UNO Minda has been actively supplying parts, including sensors and lights, specifically designed for electric vehicles.
Under Nirmal Minda’s leadership, the company experienced significant growth and expanded its presence on a global scale. He has held various positions in esteemed organizations such as the Confederation of Indian Industry (CII), where he served as Vice Chairman of the Haryana State Council and as a Special Invitee to the Northern Regional Council. Nirmal Minda resides in Gurugram and is a father to two sons. Additionally, he served as the Chairman of the Automotive Component Manufacturers Association (ACMA), Northern Region, for three consecutive years. Subsequently, he held the position of Vice President in 2016-17 and later served as the President of ACMA for the year 2017-18.