Did you know that Motherson Sumi Systems (MSS) is India’s largest auto ancillary company? When I put this fact before investors and friends, they were surprised since most of them believed that that achievement belonged to Bharat Forge or Mico (now Bosch India). Their reaction is not without reason. Even 10 years ago, MSS was just one-third of Bosch — its revenue was just under ₹500 crore, compared with Bosch’s ₹1,700 crore and Bharat Forge’s ₹685 crore. Today, with revenues of ₹25,225 crore (FY13), MSS is the largest domestic auto ancillary firm (Bosch reported ₹9,300 crore revenue and Bharat Forge reported ₹5,900 crore in FY13). In fact, MSS’ revenues make it bigger than Bajaj Auto and Hero MotoCorp.
My Best Pick 2014
Rajesh Kothari
Managing director of AlfAccurate advisors on why growth will keep ticking at Motherson Sumi
|
Published 9 years ago on Jan 04, 2014 • 5 minutes Read
Editor's Pick
Most Popular
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Scriptures for success
Kripa Mahalingam - January 27, 2015
Where's the party tonight?
Aditi Saxena - January 27, 2015