Minda Corp has unveiled its Vision 2030 roadmap, aiming to more than triple its revenue over the next five years. The company’s target is to scale revenue from ₹5,100 crore in FY25 to ₹17,500 crore by 2030, while improving operational efficiency and financial metrics.
Financial and Operational Goals
Under Vision 2030, Minda Corp expects:
- EBITDA margin to rise from 11.4% to over 12.5%
- Net-debt-to-equity ratio to halve to 0.3x, moving the company closer to a nearly debt-free status
- Return on Capital Employed (ROCE) to exceed 25%, enhancing shareholder value
Strategic Shifts
A key element of the plan is a shift in revenue mix toward the Passenger Vehicle (PV) segment, which is projected to contribute 25% of total revenue by FY30, up from 14% in FY25. Consequently, reliance on two-wheelers and three-wheelers is expected to decline to 40%, while the Commercial Vehicle segment will account for 25%.
The strategy emphasizes premiumisation and diversification across automotive segments, which the company anticipates will drive both top-line growth and margin expansion.
Outlook
Minda Corp’s Vision 2030 roadmap highlights its commitment to strengthening its financial position, expanding its presence in the passenger vehicle market, and optimizing operations across segments, positioning the company for long-term sustainable growth.
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