Minda Corporation aims to more than double its revenue to INR 17,500 crore by FY30 through organic growth, acquisitions, and new product launches, as it targets a compound annual growth rate of 22% to 25%.
Minda Corporation used its first-quarter FY27 earnings call to reinforce an ambitious growth plan, with management pointing to a long-term target of lifting group revenue to INR 17,500 crore by FY30 from about INR 9,000 crore. According to analysis by Arthneeti, that goal implies compound annual growth of roughly 22% to 25%, while the company is aiming for at least 20% revenue growth in FY27 to stay on track.
The strategy rests on a mix of organic expansion, acquisitions, joint ventures and a push into higher-value products. Arthneeti said Minda is seeking to outpace the broader industry by at least 50%, assuming market growth of around 10% and targeting annual growth of 15% or more. The company’s lifetime order book stands at about INR 10,000 crore, with execution expected over 48 to 60 months, providing a sizeable pipeline of future revenue.
Management also highlighted demand in key vehicle categories, with two-wheelers and commercial vehicles showing volume growth of more than 20%, while passenger vehicles are expected to rise by more than 20% as well. New joint ventures and product ramps, including switches, sunroofs and tyre-pressure monitoring systems, are expected to support that growth, alongside investment in research and development, capacity and product development, as noted in earlier earnings-call analysis.
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