Minda Receives Rs 400m Investment from Indian Private Equity Fund

Funds managed and advised by Motilal Oswal Private Equity Advisors Private Limited (“MOPE”) invested Rs 400m in Minda Industries Ltd, a Gurgaon-based leading Auto component player engaged in the designing, developing and manufacturing of Switches and Lighting for 2/3/4 wheelers. 
Started in 1957, Minda has recently ventured into Automotive Batteries and Blow moulded products for two/four wheelers. The company has established state of the art manufacturing units spread over 6 locations and enjoys very strong relationship with almost all the automotive manufacturers in India like Bajaj Auto, Hero Honda, Maruti Suzuki, Tata Motors amongst others.
This investment at this stage will help the company to consolidate its leadership positions in the existing products and grow its new products and services aggressively.
The investment was made through the India Business Excellence Fund (IBEF), a US$ 125m India focused private equity fund. 
IBEF has an investment focus of providing growth capital to Small & Medium Enterprises (SME), typically in the range of US$ 5-15m, across sectors.  

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