Uno Minda: The Wild Card That Turned ₹1 L To ₹1 Cr In 10 Years
If you had invested ₹1 lakh in Uno Minda in September 2012, then you could have had ₹1 crore today! This multibagger gave immense returns of 9,911% in 10 years. Here’s a quick peek at the company.
🔧 Stock Name: Uno Minda Ltd.
🔧 NSE: $UNOMINDA
🤔 What Does It Do?
From being founded in 1958 with a small capital to having more than $1 billion in turnover, Uno Minda is a technology leader in the auto components industry. It is headquartered in Manesar, Haryana and has engineering, research and development centres in Manesar, Pune and Sonepat.
It is the leading tier-1 supplier of proprietary automotive solutions to domestic and international Original Equipment Manufacturers (OEMs) like:
⚙️ Ashok Leyland
It manufactures more than 20 product categories, including:
⚙️ Alternate fuel systems
⚙️ Air filtration systems
⚙️ Canisters, brake & fuel hoses
⚙️ Combined braking system (CBS)
⚙️ Noise suppressor cap and more
🌟 Key Developments
🔧 The company has done major collaborations in the past decade with major companies and has 62 manufacturing plants across the globe.
🔧 With 10 R&D Centers globally, it currently has more than 75 R&D technology projects in hand. It has filed for 260+ patents and 250+ designs.
🔧 Uno Minda is the:
⚙️ Largest Switch Player in India
⚙️ Second-largest globally and the largest player in India in the horn segment
⚙️ Third largest Automotive Lighting player in India
⚙️ Largest installed capacities for PV Alloy Wheels in India
💰 Stock Value
On September 3, 2012, the shares of the company were trading at ₹5.70. It was trading at ₹570.65 as of September 2, 2022.