Three hundred per cent returns in the past one year? Yes, this is the wealth Gurgaon-headquartered auto component maker Minda Industries created for its shareholders. The surge, higher than almost every peer, has also made the company's promoter Nirmal K Minda a billionaire with shares worth $1.22 billion (Rs 78 billion).
Minda is now the second billionaire in the domestic component industry after Motherson Sumi's V C Sehgal, whose family holds 63.10 per cent stake in the company, valued at Rs 504 billion (based on Wednesday's closing stock price). Minda ...
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First Published: Fri, January 12 2018. 00:28 IST
