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#REDIRECT [[Samvardhana Motherson]]
{{short description|Indian automotive manufacturing company}}
{{Use dmy dates|date=September 2020}}{{Use Indian English|date=February 2019}}
{{more citations needed|date=September 2015}}
{{Infobox company
| name = Motherson Sumi Systems Limited
| logo = https://www.motherson.com/images/logo.png
| caption =
| type = [[Public company|Public]]
| traded_as = {{BSE|517334}}<br />{{NSE|MOTHERSUMI}}
| genre =
| predecessor =
| foundation = {{Start date and age|df=yes|1986|01|01}}<ref name="Profile">{{cite web|title=Profile|publisher=Official website|access-date=31 January 2012|url=http://www.motherson.com/Motherson-Sumi-Systems-Overview.html|archive-url=https://web.archive.org/web/20120107012134/http://www.motherson.com/Motherson-Sumi-Systems-Overview.html|archive-date=7 January 2012|url-status=dead}}</ref>
| founder = Smt. S. L. Sehgal <br /> [[Vivek Chaand Sehgal]]<ref name="Management">{{cite web|title= Management |publisher=Official website|access-date=2 August 2019|url=http://www.motherson.com}}</ref>
| defunct = <!-- {{End date|df=yes|YYYY|MM|DD}} -->
| location_city = [[Noida, Uttar Pradesh]]
| location_country = [[India]]
| location =
| locations = 41<ref name="Locations">{{cite web |title=Global Presence - About Us |url=https://www.motherson.com/global-presence.html |website=www.motherson.com |access-date=15 September 2019}}</ref>
| area_served = Worldwide
| key_people = Vivek Chaand Sehgal <small>(Chairman)</small><br />Laksh Vaaman Sehgal <small>(Vice Chairman)</small><ref>{{Cite news|date=January 18, 2021 |url=https://www.cnbctv18.com/videos/business/motherson-sumi-outlines-vision-2025-sees-consolidated-revenues-rising-to-36-billion-8036501.htm|title=Motherson Sumi outlines Vision 2025; sees consolidated revenues rising to $36 billion|website=[[CNBC TV18]]|language=en|access-date=27 January 2021}}</ref>
| industry = [[Automotive industry|Automotive]]
| products = {{ubl|[[Automotive part]]s|[[Material-handling equipment]]s }}
| services =
| revenue = {{increase}} {{INRConvert|63767|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/autoancillaries/mothersonsumisystems/MSS01|title=Motherson Sumi Systems Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{decrease}} {{INRConvert|2654|c}} (2020)<ref name="Financials"/>
| net_income = {{decrease}} {{INRConvert|1237|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|45495|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|10945|c}} (2020)<ref name="Financials"/>
| num_employees = 114,628 (2020)<ref name="Financials"/>
| parent = [[Samvardhana Motherson Group]]
| divisions =
| subsid =
| homepage = {{url|https://www.motherson.com/}}
| footnotes =
| intl =
}}
 
'''Motherson Sumi Systems Limited''' (MSSL)<ref name="Motherson Sumi: The secret">{{Cite web|url=https://www.fortuneindia.com/venture/motherson-sumi-the-secret/103064|title=Motherson Sumi: The secret|website=www.fortuneindia.com|language=en|access-date=14 September 2019}}</ref> was established in 1986 and is part of the Motherson Group. Motherson Sumi Systems Ltd. is a joint venture between Samvardhana Motherson International Ltd of India and Sumitomo Wiring Systems Ltd. (SWS) of Japan.<ref>{{Cite web|url=https://www.sws.co.jp/|title=Sumitomo Wiring System, Ltd.|website=Sumitomo Wiring System, Ltd. official website.|language=en|access-date=14 September 2019}}</ref> A collaboration with Tokai Electric Co. (now SWS) in 1983 led to the incorporation of Motherson Sumi Systems in 1986, primarily as a wiring harness manufacturer. The company was listed in 1993 on BSE and NSE in India. Motherson Sumi Systems is one of the largest manufacturers of wiring harnesses for commercial vehicles and rearview mirrors for passenger cars in the world and India's largest manufacturer of automotive wiring harnesses and mirrors for passenger cars. It is also a leading supplier of plastic modules and components in Europe and India. Motherson Sumi Systems<ref name="Motherson Sumi: The secret"/> is currently the largest auto parts provider in India and was listed among the Fab 50 companies of India by Forbes magazine<ref>{{Cite web|url=http://www.forbesindia.com/article/special/8-indian-companies-in-forbes-asias-fab-50-2017-list;-china-dominates-again/47979/1|title=8 Indian companies in Forbes Asia's 'Fab 50' 2017 list; China dominates again|website=Forbes India|language=en|access-date=14 September 2019}}</ref><ref>{{Cite web|url=https://www.forbes.com/fab50/list/|title=Asia's Fab 50 Companies|website=Forbes|language=en|access-date=14 September 2019}}</ref><ref>{{Cite web|url=http://www.forbesindia.com/article/super-50-companies-2015/motherson-sumi-the-sum-of-all-parts/40699/1|title=Motherson Sumi: The sum of all parts|website=Forbes India|language=en|access-date=14 September 2019}}</ref> It has been ranked No. 1 auto ancillary in India for seven consecutive years by Fortune India 500.<ref>{{Cite web|url=https://www.fortuneindia.com/fortune-500/company-list/motherson-sumi-systems?mode=filter&year=2017&industry=14506&sort=current-rank&order=asc|title=Motherson Sumi Systems – Fortune 500 List 2017 – Fortune India|website=www.fortuneindia.com|language=en|access-date=14 September 2019}}</ref><ref>{{Cite web|url=https://www.fortuneindia.com/fortune-500/company-list/motherson-sumi-systems?year=2018|title=Motherson Sumi Systems – Fortune 500 List 2018 – Fortune India|website=www.fortuneindia.com|language=en|access-date=14 September 2019}}</ref> The Motherson Group is ranked 21st among global automotive suppliers by Automotive News. As of March 2018 – 2019, the company, along with its subsidiaries, had a consolidated revenue of US$9.1 billion.
 
==History==
"Motherson" was established in 1975. Motherson Sumi Systems was established in 1986 as a Joint Venture with Sumitomo Wiring Systems of Japan.
 
MSSL has done 18 acquisitions, the first being in wiring harness in 2002. Few major acquisitions by the company are that of rear view mirror business from Visiocorp (now renamed as Samvardhana Motherson Reflectec) in 2009, Peguform (now named Samvardhana Motherson Peguform) in 2011, wiring harness business of Stoneridge Inc in 2014, PKC group in 2017, Reydel Automotives in 2018 and Bombardier's UK rolling stock electrical component and systems business in 2019 which established Motherson as a global Tier-1 supplier to the major OEMs of the automotive industry.
 
Following are the key timelines.<ref name="History">{{cite news|title= History |publisher=Official website|access-date=31 January 2012|url=https://www.motherson.com/history.html}}</ref><ref name="Motherson acquires Peguform">{{cite news|title= Motherson acquires Peguform |publisher=Economic Times|access-date=31 January 2012|url=http://articles.economictimes.indiatimes.com/2011-07-14/news/29773464_1_samvardhana-motherson-finance-germany-s-peguform-group-motherson-sumi-systems}}</ref><ref name="Motherson acquires Visiocorp PLC">{{cite news|title= Motherson acquires Visiocorp PLC|publisher=DNA|access-date=31 January 2012|url=http://www.dnaindia.com/money/report_motherson-sumi-systems-to-acquire-visiocorp-plc-uk_1218367}}</ref><ref name="Motherson acquires Empire Rubber">{{cite news|title= Motherson acquires Empire Rubber |publisher=Business Line|access-date=31 January 2012|url=http://www.thehindubusinessline.com/todays-paper/tp-corporate/article1658330.ece?ref=archive}}</ref>
{| class="wikitable"
|-
! Year !! Events
|-
| 1975 || Motherson founded
|-
| 1977 || First Cable factory started
|-
| 1983 || Technical agreement with Tokai Electric Co. (Now Sumitomo Wiring Systems-Japan) Wiring Harness
|-
| 1986 || Establishment of Motherson Sumi Systems Ltd. in joint venture with Sumitomo Wiring Systems, Ltd., Japan
|-
| 1993 || Motherson Sumi Systems Ltd. listed on stock exchanges in India
|-
| 1999 || First Overseas office established (Austria)
|-
| 2000 || Representative Office at Singapore
|-
| 2002 || Acquisition of assets of Wexford electronics for manufacturing of wiring harnesses for material handling and earthmoving equipment; establishment of Design Centre at Ireland
|-
| 2003 || Offices in USA & UK established, Tool Room at Sharjah
|-
| 2004 || European Headquarters established in Germany
|-
| 2009 || Acquisition of rearview mirror business of Visiocorp. The new company is now known as Samvardhana Motherson Reflectec (SMR).
|-
| 2011 || Acquisition of Peguform, a global tier 1 manufacturer specializing in interior and exterior polymer modules. The acquired company is now known as Samvardhana Motherson Peguform (SMP)
|-
| 2014 || Acquisition of wiring harness business of Stoneridge Inc.
|-
| 2017 || Acquisition of PKC Group PLC, Finland, wiring harness business for heavy duty commercial vehicles
|-
|2018
|Acquisition of Reydel Automotive Group for interior components which includes instrument panels, door panels, console modules, decorative parts and cockpit modules<ref>{{cite web |title=Vivek Chaand Sehgal: Man of many parts |url=http://www.forbesindia.com/article/leadership-awards-2018/vivek-chaand-sehgal-man-of-many-parts/51843/1 |website=Forbes India |access-date=15 September 2019 |language=en |date=2018}}</ref>
|-
|2019
|Acquisition of Bombardier's UK rolling stock electrical component and systems business<ref>{{Cite web|url=https://auto.economictimes.indiatimes.com/news/auto-components/motherson-sumi-acquires-bombardiers-uk-electrical-components-systems/68207315|title=Acquisition of Bombardier's Rolling Stock Business|website=indiatimes.com}}</ref>
|}
 
== Business portfolio==
The present product range of MSSL comprises wiring harnesses (electrical distribution systems), rearview mirrors, moulded plastic parts including car interior and exterior parts, bumpers, dashboards and door trims, complete polymer modules, rubber components for automotive and industrial applications, high precision machined metal parts and injection moulding tools.<ref>{{Cite web|url=https://www.timesnownews.com/videos/et-now/financial-reports/we-have-all-the-ingredients-which-say-people-are-choosing-the-right-car-motherson-sumi-co-founder/32882|title='We have all the ingredients which say people are choosing the right car', Motherson Sumi Co-Founder|date=28 May 2019|website=www.timesnownews.com|language=en-GB|access-date=14 September 2019}}</ref>
 
==References==
{{reflist}}
 
== External links ==
* {{official}}
 
 


{{Redirect category shell|
{{Nifty 200 companies}}
{{R from move}}
{{Automotive industry in India}}
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[[Category:Auto parts suppliers of India]]
[[Category:Manufacturing companies based in Noida]]
[[Category:Companies established in 1986]]
[[Category:1986 establishments in Uttar Pradesh]]
[[Category:Indian companies established in 1986]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 17:03, 14 August 2023


Motherson Sumi Systems Limited
Traded asBSE: 517334
NSE: MOTHERSUMI
IndustryAutomotive
Founded1 January 1986; 40 years ago (1986-01-01)[1]
Founder(s)Smt. S. L. Sehgal
Vivek Chaand Sehgal[2]
Headquarters
Noida, Uttar Pradesh
,
India
Number of locations
41[3]
Area served
Worldwide
Key people
Vivek Chaand Sehgal (Chairman)
Laksh Vaaman Sehgal (Vice Chairman)[4]
Products
RevenueIncrease ₹63,767 crore (US$8.9 billion) (2020)[5]
Decrease ₹2,654 crore (US$370 million) (2020)[5]
Decrease ₹1,237 crore (US$170 million) (2020)[5]
Total assetsIncrease ₹45,495 crore (US$6.4 billion) (2020)[5]
Total equityIncrease ₹10,945 crore (US$1.5 billion) (2020)[5]
Number of employees
114,628 (2020)[5]
ParentSamvardhana Motherson Group
Websitewww.motherson.com

Motherson Sumi Systems Limited (MSSL)[6] was established in 1986 and is part of the Motherson Group. Motherson Sumi Systems Ltd. is a joint venture between Samvardhana Motherson International Ltd of India and Sumitomo Wiring Systems Ltd. (SWS) of Japan.[7] A collaboration with Tokai Electric Co. (now SWS) in 1983 led to the incorporation of Motherson Sumi Systems in 1986, primarily as a wiring harness manufacturer. The company was listed in 1993 on BSE and NSE in India. Motherson Sumi Systems is one of the largest manufacturers of wiring harnesses for commercial vehicles and rearview mirrors for passenger cars in the world and India's largest manufacturer of automotive wiring harnesses and mirrors for passenger cars. It is also a leading supplier of plastic modules and components in Europe and India. Motherson Sumi Systems[6] is currently the largest auto parts provider in India and was listed among the Fab 50 companies of India by Forbes magazine[8][9][10] It has been ranked No. 1 auto ancillary in India for seven consecutive years by Fortune India 500.[11][12] The Motherson Group is ranked 21st among global automotive suppliers by Automotive News. As of March 2018 – 2019, the company, along with its subsidiaries, had a consolidated revenue of US$9.1 billion.

History[edit | edit source]

"Motherson" was established in 1975. Motherson Sumi Systems was established in 1986 as a Joint Venture with Sumitomo Wiring Systems of Japan.

MSSL has done 18 acquisitions, the first being in wiring harness in 2002. Few major acquisitions by the company are that of rear view mirror business from Visiocorp (now renamed as Samvardhana Motherson Reflectec) in 2009, Peguform (now named Samvardhana Motherson Peguform) in 2011, wiring harness business of Stoneridge Inc in 2014, PKC group in 2017, Reydel Automotives in 2018 and Bombardier's UK rolling stock electrical component and systems business in 2019 which established Motherson as a global Tier-1 supplier to the major OEMs of the automotive industry.

Following are the key timelines.[13][14][15][16]

Year Events
1975 Motherson founded
1977 First Cable factory started
1983 Technical agreement with Tokai Electric Co. (Now Sumitomo Wiring Systems-Japan) Wiring Harness
1986 Establishment of Motherson Sumi Systems Ltd. in joint venture with Sumitomo Wiring Systems, Ltd., Japan
1993 Motherson Sumi Systems Ltd. listed on stock exchanges in India
1999 First Overseas office established (Austria)
2000 Representative Office at Singapore
2002 Acquisition of assets of Wexford electronics for manufacturing of wiring harnesses for material handling and earthmoving equipment; establishment of Design Centre at Ireland
2003 Offices in USA & UK established, Tool Room at Sharjah
2004 European Headquarters established in Germany
2009 Acquisition of rearview mirror business of Visiocorp. The new company is now known as Samvardhana Motherson Reflectec (SMR).
2011 Acquisition of Peguform, a global tier 1 manufacturer specializing in interior and exterior polymer modules. The acquired company is now known as Samvardhana Motherson Peguform (SMP)
2014 Acquisition of wiring harness business of Stoneridge Inc.
2017 Acquisition of PKC Group PLC, Finland, wiring harness business for heavy duty commercial vehicles
2018 Acquisition of Reydel Automotive Group for interior components which includes instrument panels, door panels, console modules, decorative parts and cockpit modules[17]
2019 Acquisition of Bombardier's UK rolling stock electrical component and systems business[18]

Business portfolio[edit | edit source]

The present product range of MSSL comprises wiring harnesses (electrical distribution systems), rearview mirrors, moulded plastic parts including car interior and exterior parts, bumpers, dashboards and door trims, complete polymer modules, rubber components for automotive and industrial applications, high precision machined metal parts and injection moulding tools.[19]

References[edit | edit source]

  1. ↑ "Profile". Official website. Archived from the original on 7 January 2012. Retrieved 31 January 2012.
  2. ↑ "Management". Official website. Retrieved 2 August 2019.
  3. ↑ "Global Presence - About Us". www.motherson.com. Retrieved 15 September 2019.
  4. ↑ "Motherson Sumi outlines Vision 2025; sees consolidated revenues rising to $36 billion". CNBC TV18. 18 January 2021. Retrieved 27 January 2021.
  5. ↑ 5.0 5.1 5.2 5.3 5.4 5.5 "Motherson Sumi Systems Ltd. Financial Statements". moneycontrol.com.
  6. ↑ 6.0 6.1 "Motherson Sumi: The secret". www.fortuneindia.com. Retrieved 14 September 2019.
  7. ↑ "Sumitomo Wiring System, Ltd". Sumitomo Wiring System, Ltd. official website. Retrieved 14 September 2019.
  8. ↑ "8 Indian companies in Forbes Asia's 'Fab 50' 2017 list; China dominates again". Forbes India. Retrieved 14 September 2019.
  9. ↑ "Asia's Fab 50 Companies". Forbes. Retrieved 14 September 2019.
  10. ↑ "Motherson Sumi: The sum of all parts". Forbes India. Retrieved 14 September 2019.
  11. ↑ "Motherson Sumi Systems – Fortune 500 List 2017 – Fortune India". www.fortuneindia.com. Retrieved 14 September 2019.
  12. ↑ "Motherson Sumi Systems – Fortune 500 List 2018 – Fortune India". www.fortuneindia.com. Retrieved 14 September 2019.
  13. ↑ "History". Official website. Retrieved 31 January 2012.
  14. ↑ "Motherson acquires Peguform". Economic Times. Retrieved 31 January 2012.
  15. ↑ "Motherson acquires Visiocorp PLC". DNA. Retrieved 31 January 2012.
  16. ↑ "Motherson acquires Empire Rubber". Business Line. Retrieved 31 January 2012.
  17. ↑ "Vivek Chaand Sehgal: Man of many parts". Forbes India. 2018. Retrieved 15 September 2019.
  18. ↑ "Acquisition of Bombardier's Rolling Stock Business". indiatimes.com.
  19. ↑ "'We have all the ingredients which say people are choosing the right car', Motherson Sumi Co-Founder". www.timesnownews.com. 28 May 2019. Retrieved 14 September 2019.

External links[edit | edit source]

  • {{URL|example.com|optional display text}}


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