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Samvardhana Motherson

#1556

Rank

$11.15B

Marketcap

IN India

Country

Samvardhana Motherson
Leadership team

Mr. Pankaj K. Mital (COO & Whole-Time Director)

Mr. Kunal Malani (Pres & CFO)

Mr. Alok Goel (Company Sec., Compliance Officer & VP of Legal)

Products/ Services
Automotive, Manufacturing, Product Design
Number of Employees
Above 50,000
Headquarters
Noida, Uttar Pradesh, India
Established
1986
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
MOTHERSON.NS
Overview
Location
Summary
Samvardhana Motherson International Limited engages in the manufacture and sale of components for automotive original equipment manufacturers in India and internationally. The company offers interior and exterior mirrors, and camera-based detection systems; modules and polymer products; cutting and gear cutting tools, and machining of high precision metal machined components; and technology, engineering, and manufacturing solutions. It also provides exterior lighting and electronics, passenger car HVAC and compressors, body control module, struts, shock absorbers, and backyard integration products; logistics solutions; and health and medical products, solutions, and services, as well as integrated solutions for aerospace industry. In addition, the company offers industrial park; manufacturing engineering, consultation, project management, and turnkey supplies to the automotive industry; and machine tools and hydraulic products trading. Further, it designs, manufactures, and integrates electrical distribution systems, electronics, and related components for commercial vehicle industries, rolling stock manufacturers, and other related segments. The company was formerly known as Motherson Sumi Systems Limited and changed its name to Samvardhana Motherson International Limited in May 2022. The company was incorporated in 1986 and is headquartered in Noida, India.
History

1975-1999

In 1975, Vivek Chaand Sehgal and his mother established the Motherson Group as a silver trading business. Two years later, Sehgal set up a power cables factory. A collaboration with Tokai Electric Co. in 1983 led to the incorporation of Motherson Sumi Systems in 1986, primarily as a wiring harness manufacturer for Maruti Udyog. Motherson Sumi Systems started as a joint venture between Samvardhana Motherson International Ltd of India and Sumitomo Wiring Systems Ltd. of Japan. The company was listed in 1993 on BSE and subsequently on NSE.

2000-2019

Motherson Sumi Systems went on to acquire several companies, the first being in 2002 when it acquired the assets of the bankrupt Irish company Wexford Electronics, a manufacturer of wiring harnesses for material handling and earthmoving equipment. In 2006, it purchased the Australian company Empire Rubber. In 2009, it acquired the global rearview mirror business of the world's largest rearview mirror maker Visiocorp . In 2011, it acquired the German interior and exterior polymer modules maker Peguform .In 2014, it bought the wiring harness business of Stoneridge Inc for $65.7 million. This was followed by the acquisition of Finnish electrical distribution systems manufacturer PKC Group in 2017 for $619 million, French interior components maker Reydel Automotives in 2018 for $201 million, and Bombardier Transportation's UK electrical component and systems business in 2019.

2020-present

In 2020, the domestic wiring harness business was restructured under a newly-incorporated, wholly-owned subsidiary of Motherson Sumi Systems called Motherson Sumi Wiring India Limited . MSWIL was subsequently demerged and became a listed company in 2022. At the time of its listing, Samvardhana Motherson International held a 33.4% stake in MSWIL, while 25.3% was held by Sumitomo Wiring Systems, 3% by Sehgal family and the rest by public investors.After this demerger, the holding company of the group Samvardhana Motherson International Limited, which held stakes in Motherson Sumi Systems and the unlisted global components maker Samvardhana Motherson Automotive Components Group BV , was merged into Motherson Sumi Systems; the merged entity was renamed as Samvardhana Motherson International Limited. After the merger, Sehgal family held a 50.4% majority stake in the merged entity followed by Sumitomo Wiring Systems at 17.7%.In 2022, the company acquired Ichikoh's mirror manufacturing division for ¥5.2 billion .

Mission
Our mission is to be the preferred partner for customers across all segments, providing high-performance, high-quality and cost-effective products and services in automotive and other related industries.
Vision
We strive to be a globally admired group, dedicated to accelerating and enriching the lives of our customers, employees, shareholders and society at large.
Key Team

Mr. Rakesh Satwah (Managing Director of Kyungshin Industrial Motherson Limited (KIML))

Mr. Sanjeev Ahuja (Chief Representative of Motherson Sumi Systems Limited - Singapore)

Mr. Deepak Tyagi (Chief Exec. Officer of MSSL Ireland Pvt Limited - IRELAND)

Manjul M. Kulshrestha (Pres of Anest Iwata Motherson Limited)

Mr. N. Ramanathan (Pres of Schefenacker Motherson Ltd)

Mr. P. K. Acharya (Exec. Officer of Motherson Advance Polymers Limited (MAP))

Mr. Vivek Avasthi (Exec. Officer)

Recognition and Awards
Samvardhana Motherson has won numerous awards, including the Manufacturing Asia Best Quality Award and the Golden Peacock Award for Excellence in Corporate Governance.
References

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Samvardhana Motherson
Leadership team

Mr. Pankaj K. Mital (COO & Whole-Time Director)

Mr. Kunal Malani (Pres & CFO)

Mr. Alok Goel (Company Sec., Compliance Officer & VP of Legal)

Products/ Services
Automotive, Manufacturing, Product Design
Number of Employees
Above 50,000
Headquarters
Noida, Uttar Pradesh, India
Established
1986
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
MOTHERSON.NS