Minda Corp Taps Money Markets with ₹1,000 Cr Commercial Paper Push

In a strategic move to bolster its short-term liquidity, Minda Corporation Ltd. has issued commercial paper worth ₹1 billion, reaffirming its growing presence in India’s auto ancillary financing landscape. The issuance, dated March 21, 2025, marks another step in the company’s ongoing capital optimization strategy, following a ₹1.5 billion issuance earlier in the same month.

 

This latest round of fundraising is expected to support working capital requirements, particularly as Minda scales up operations across its EV components, die casting, and electronic security systems verticals. The company has been on an aggressive expansion spree, recently investing ₹150 million in Spark Minda Green Mobility Systems and acquiring a 49% stake in Flash Electronics.

 

 Key Highlights:

 

 ₹1 billion commercial paper issued on March 21, 2025

 

Follows a ₹1.5 billion issuance earlier in March

 

Funds to support working capital and operational expansion

 

Recent investments in green mobility and electronics

 

Reflects strong investor confidence amid robust Q4 earnings

 

Minda’s consistent access to debt markets underscores its solid credit profile and investor trust, even as the broader auto sector navigates cyclical headwinds. With a diversified product portfolio and strategic joint ventures, the company is positioning itself as a future-ready supplier to global OEMs.

 

As India’s auto ecosystem pivots toward electrification and digitalization, Minda’s financial agility could prove to be a key differentiator in the quarters ahead.

 

Sources: MarketScreener, Zerodha, NSE filing