Portrait of Nirmal Minda

Rank #1061

Nirmal Minda

Net worth $4.0B

Auto parts · India

Born
Nov 07, 1957
Age
68
Source
Auto parts
Residence
Gurgaon
Citizenship
India
Marital status
Married
Children
2
Education

Net worth over time

Biography

  • Nirmal Minda is executive chairman of UNO Minda (formerly Minda Industries), which makes a range of auto parts for cars and two-wheelers.
  • The business was started by his late father in 1958, initially to make electric parts for motorcycles.
  • Minda joined the family business in 1977 in the marketing division but eventually separated from his brother in 1996.
  • From one small workshop in Delhi, the company today has 75 factories worldwide.
  • Since 2020, the company has been supplying parts, such as sensors and lights, for electric vehicles. It now has a tie-up with China's Suzhou Inovance Automotive to make EV parts.

Financial assets

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