Spark Minda Aims for $3 billion Turnover by 2030

Following its recent acquisition of a 49% stake in Flash Electronics, the Ashok Minda-promoted Spark Minda Group is targeting an accelerated path to $3 billion (Rs 25,000 crore) turnover by the end of the decade.

The company plans to invest between Rs 1,500 crore and Rs 2,000 crore by the end of this decade to build organic capabilities in research, development, and capacity expansions. Spark Minda focuses on electronic and mechanical security systems, die-casting components, wiring harnesses, instrument clusters, sensors, telematics and connected vehicle technologies.

It recently shelled out Rs 1,372 crore for 49% of Flash Electronics, a ...