Press background on Motherson Sumi Systems Limited
Company profile
Motherson Sumi Systems Limited (MSSL) is the flagship company of the Samvardhana Motherson Group, established in 1986. It is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan). MSSL is a focused, dynamic and progressive company providing customers with innovative and value-added products, services and solutions. The acquisition of mirror business from Visiocorp (now renamed as Samvardhana Motherson Reflectec) and Peguform (now named Samvardhana Motherson Peguform) has helped MSSL evolve as one of the world’s leading manufacturers of automotive rear view mirrors and a leading manufacturers of instrument panels, bumpers and door trims in Europe. Recently MSSL has acquired wiring harness business of Stoneridge Inc of USA which would enable MSSL to service the growing requirement of the customers in the North America region. With a diverse global customer base comprising of almost all leading automobile manufacturers globally, the company has a presence in 25 countries across six continents. The company has completed 20 years of being listed at the Indian bourses. MSSL is currently the largest auto ancillary in India and also ranked 55th in global auto component suppliers. It is also included in Forbes Fabulous 50 Asian Companies and the Top 100 global challengers by BCG. For any details, please visit http://www.motherson.com
Motherson Sumi Systems Limited (MSSL) today announced financial results for its fiscal 2015-2016 first quarter, which ended 30 June 2015. The Company posted quarterly consolidated revenues of INR 9,252 Cr. and consolidated quarterly profit after taxes (PAT) of INR 266 Cr., these results compare to ... (more)
Aug 06, 2015 13:15 IST
Motherson Sumi Systems Limited
Editor’s synopsis
Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRP BV), Company’s subsidiary and joint venture with Samvardhana Motherson International Ltd. has announced signing of an agreement for purchase of assets of Scherer & Trier group (S&T... (more)
Dec 15, 2014 20:54 IST
Motherson Sumi Systems Limited
-- Wiring harness business of Stoneridge – US $ 71.4 millions equivalent to Rs. 441 crores.
-- Acquisition of shareholding from minority shareholding at SMP and SMR.
-- Assets of Minda Schenk GmbH (in administ... (more)
Nov 10, 2014 14:46 IST
Motherson Sumi Systems Limited
• Consolidated revenues up by 18%, EBITDA by 19% and PBT by 27%. Reported PAT grew by 125%, after providing for exceptional expenses of Rs.46 crores . SMR and SMP report improved performance
• Standalone revenues up by 13%, EBITDA up by 9% and R... (more)
Aug 12, 2014 15:50 IST
Motherson Sumi Systems Limited
