Ethical Business Conduct
Our Governance
Effective corporate governance is the foundation upon which successful enterprises are built. The Corporate Governance at our organisation channels this belief through strong oversight of business strategies, ensuring fiscal accountability, ethical corporate behaviour, and sustainable business practices.
Our Board
The Board plays a pivotal role in ensuring good governance within the organisation. It periodically reviews the business strategy of the Company to ensure that it is responsive to the ever-changing external environment and in alignment with the Company’s mission and long-term aspirations. Our board has a balanced mix of executive, non-executive and independent directors with relevant skills and expertise. As a company, we acknowledge the benefits of a diverse workforce and are also committed to diversity at the highest levels of management. Our commitment is operationalised through our Board Diversity Policy.
9
Members
5
Independent Directors
22
%Women Directors
22
%Directors Elected Annually
64
Years Average Age
3
Years Average Tenure
The functioning of our Board is further complimented by certain committees that have been instituted to enable effective decision-making on certain areas of focus.
Committees at Minda Industries Limited
Audit Committee
Stakeholders Relationships Committee
Nomination and Remuneration Committee
Corporate Social Responsibility Committee
Risk Management Committee
Investment Committee
- An industrialist with over three decades of rich business experience in the Auto Components & Ancillary sector
- Instrumental in forming new alliances and joint ventures with reputable global players
- Helped the Group grow manifold under his dynamic leadership
- Established footprints globally and received numerous awards and recognitions
- With 32 years in the industry, Mr. Mehra has a rich management experience and has handled roles in strategy, finance, marketing, manufacturing, materials, HR, and product/technology development
- Mr. Mehra’s association with Minda dates back to 1995, when he joined the Group as General Manager (Finance). He has held various leadership positions at Uno Minda
- Under his leadership, the Group’s 2-wheeler/3-wheeler switch business has expanded globally, catering to AsEAn countries, Europe, and Japan, besides being No. 1 in India
- Over 41 years of hands-on experience in financial control, reviews, manufacturing, and project management
- Appointed Board Member since 2011
- Plays pivotal role in new projects and strategy formulation
- Member of the Company’s Nomination and Remuneration Committee, Stakeholders Relationship Committee, and CsR Committee
- Joined Uno Minda Group in 2001
- Initially, spent extensive time on the shop floor, getting insights into best practices in manufacturing. Also worked closely with all 6M functional heads, understanding the nuances of running a successful business
- Subsequently, got associated with the Lamp business of Uno Minda Group and worked closely in diverse functions over the next seven-eight years
- Instrumental in driving process efficiency and leading some de-bottlenecking assignments
- Service experience of over 40 years, including Secretary to the Government of India (Jan 2016-Jun 2017) for the Ministry of Micro, Small & Medium Enterprises (MSME)
- A seasoned officer with a repute of good governance, spearheaded significant changes at the Employee Provident Fund Organisation as the Central Provident Fund Officer
- Former Indian Audit & Accounts Services (IAAS) Officer of the 1973 Batch with more than four decades of experience in the field of Audit & Accounts
- Held various senior positions, including that of Deputy Comptroller & Auditor General of India and Chairperson Audit Board, Member of the Competition Appellate Tribunal, Member of the Economic Regulatory Authority Appellate Tribunal and Chief Auditor, and Municipal Corporation of Delhi, among others
- Mr. Rakesh Batra, as an industry expert, brings significant management and consulting experience of 40 years in India, the US and Australia in the Automotive, Industrial Equipment and Manufacturing industries with deep corporate strategy and business transformation experience
- He did his B-Tech in Agricultural Engineering from IIT Kharagpur. He did his Master of Business and Technology at the University of New South Wales, Sydney, Australia. He did a Post Graduate Diploma in Management (SPA) Indian Institute of Management, Ahmedabad
- Until recently, he served as Partner and Automotive Sector Leader with EY India. Currently he is also a Strategic Advisor to two start-ups in the Indian EV ecosystem
- Mr. Rajiv Batra is Chartered Accountant from ICAI and Economics Honors Graduate from Shriram College of Commerce Delhi. He is a seasoned professional with over four decades of experience in Finance and Accounting across India and the US.
- He is a passionate business leader helping businesses with their plans to scale up, guiding them with strategic business inputs, as well as providing them with timely interventions and support, including cost effective sources of funding.
- He was one of first founding employees of the finance function at Xerox in India and rose to being the Chief Financial Officer. He later joined Xerox Inc., based in Stamford, Connecticut, USA, as Head of Controls for Developing Markets, and was promoted to CFO for Developing Markets in less than 18 months.
- Mr. Satish Balkrishna Borwankar is a B-Tech (Hons.) Mechanical Engineer, of 1974 batch of IIT Kanpur. He started his career with Tata Motors from 1974 as a Graduate Engineer Trainee. He acquired wide experience of working in the automobile industry, particularly in manufacturing and quality functions of commercial vehicles & passenger vehicles at Tata Motors.
- Mr. Borwankar worked in various executive positions, for overseeing and implementing product development, manufacturing operations and quality assurance of commercial & passenger vehicle business at Tata Motors.
- He played a significant role in setting up some of the green field projects at Tata Motors. He superannuated as Executive Director & Chief Operating Officer after serving the organisation for 45 years. He has also served as a Board member for various companies such as Jaguar Land Rover India Private Ltd. and Tata Cummins Private Ltd.