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Samvardhana Motherson information


Samvardhana Motherson International Limited
Company typePublic
Traded as
BSE: 517334
NSE: MOTHERSON
IndustryAutomotive
Founded1986 Edit this on Wikidata
FounderS. L. Sehgal
Vivek Chaand Sehgal[1]
Headquarters
Noida, Uttar Pradesh
,
India
Key people
Vivek Chaand Sehgal (Chairman)
Laksh Vaaman Sehgal (Vice Chairman)[2]
Products
  • Automotive parts
  • Material-handling equipments[citation needed]
RevenueIncrease 78,701 crore (US$9.9 billion) (FY23)[3]
Operating income
Increase 6,394 crore (US$800 million) (FY23)[3]
Net income
Increase 1,496 crore (US$190 million) (FY23)[3]
Owners
  • Sehgal family (50.4%)
  • Sumitomo Wiring Systems (9.73%)[4]
Number of employees
129,000
Subsidiaries
  • Samvardhana Motherson Peguform
  • Samvardhana Motherson Reflectec
  • PKC Group
WebsiteOfficial website

Samvardhana Motherson International Ltd (formerly known as Motherson Sumi Systems Ltd) is an Indian multinational manufacturer of automotive components, based in Noida. It makes wiring harnesses, plastic components and rearview mirrors for passenger cars.[5] The company was established in 1986 as a joint venture with the Sumitomo Group of Japan.

  1. ^ "Management". Official website. Retrieved 2 August 2019.
  2. ^ "Motherson Sumi outlines Vision 2025; sees consolidated revenues rising to $36 billion". CNBC TV18. 18 January 2021. Retrieved 27 January 2021.
  3. ^ a b c Podishetti, Akash (26 May 2023). "Samvardhana Motherson Q4 Results: Profit soars 436% YoY to Rs 654 cr; co posts highest-ever revenue at Rs 22,477 cr". The Economic Times. Retrieved 28 May 2023.
  4. ^ Podishetti, Akash (6 March 2024). "Japanese promoter Sumitomo sells 4.4% stake in Samvardhana in Rs 3,630-crore bulk deal". The Economic Times. Retrieved 18 March 2024.
  5. ^ "Motherson Sumi: The secret". www.fortuneindia.com. May 2019. Retrieved 14 September 2019.

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