About Mother-son Organisation
Job In Motherson Company: 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 Paassenger cars.The company was established in 1986 as a joint venture with the Sumitomo Group of Japan.
| Company type | Public |
|---|---|
| Traded as | BSE: 517334 NSE: MOTHERSON |
| Industry | Automotive |
| Founded | 1986 |
| Founder | S. L. Sehgal Vivek Chaand Sehgal |
| Headquarters | Noida, Uttar Pradesh, India |
| Key people | Vivek Chaand Sehgal (Chairman) Laksh Vaaman Sehgal (Vice Chairman) |
| Products | Automotive partsMaterial-handling equipments[citation needed] |
| Revenue |  ₹78,701 crore (US$9.9 billion) |
| Operating Income | ₹6,394 crore (US$800 million) |
| Net Income | ₹1,496 crore (US$190 million) |
| Owners | Sehgal family (50.4%)Sumitomo Wiring Systems (9.73%) |
| Number of employees | 129,000 |
| Subsidiaries | Samvardhana Motherson PeguformSamvardhana Motherson ReflectecPKC Group |
| Website | Official website |
History Of Organisation
Start-up” had a different meaning in 1975. We were, literally, a mother-&-son team in a country finding its economic feet. Today, India is a high-tech hub and we’ve reached the Forbes Global 2000. One thing that’s never changed is our belief that we can — and must — write our own history.
1975–1982
A family affair
Motherson was founded as a small family trading company by our current chairman, Vivek Chaand Sehgal and his late mother, Shrimati Swaran Lata Sehgal. Within a few short years, the company would move from silver trading to making electrical wiring for homes.
“It was my father who suggested the name Motherson,” explains Sehgal. “I loved it immediately. It signifies trust, which is still the driving force behind our company after all these years. Today, it’s a constant reminder of where we came from and why we’re here.” 1975Motherson founded in Delhi, India1977First cable factory launches a new direction for the family firmclose
1983–1986
An Automotive revolution
The first affordable car to be assembled locally, the Suzuki Maruti 800, kickstarted a true revolution in Indian transportation.
“When I learned that the wiring was designed by a Japanese company,” recalls Vivek Chaand Sehgal, “I got a visa and I was in Tokyo within ten days! I pitched for the business, but they refused to show me the factory. I came back to India with samples, and worked day and night to reproduce them.”
Persistence paid off. When the Maruti plant was inaugurated, Motherson’s wiring harnesses were on proud display as one of the very few Indian-made parts. Motherson’s automotive journey had begun.1983First automotive component (wiring harness) produced in India | Maruti Suzuki1986Motherson Sumi Systems Ltd. established in joint venture with Sumitomo Wiring Systems, Japanclose
1987–1998
Growth in India
Mercedes was the first luxury car brand to enter the Indian market in 1994. Two years later, they opened a local assembly line in Pune. In just 39 days, we set up a whole new plant to produce their wiring harnesses. We won their trust and soon added dashboard assemblies to our production for them.
For the first time, we were able to demonstrate our quality standards to an iconic global brand. It turned out to be the beginnings of a long partnership that continues to this day.
By 1997, two milestones allowed us to start building relationships with automakers from Asia and America. The time was becoming right to go international.1991First wiring harnesses for commercial vehicles | Tata1993The flagship company of the Group, Motherson Sumi Systems Ltd. (MSSL) listed on Indian stock exchanges1995First partnership with a luxury automotive brand | Mercedes1997First parts for models exported from India | Hyundai1997First collaboration with a US automaker | Fordclose
1999–2007
Arrival in Europe
By 1999, we were growing steadily and strongly. But we were still operating only in India. We opened our first overseas office in Europe, but the real breakthrough came in 2002.
A customer asked us to look at taking over a bankrupt supplier. In the end, we couldn’t save the company, so we bought the plant. And shipped 3500 miles from Dublin to Sharjah in the UAE. In just 10 weeks, we moved and installed over 500 tons of equipment — and the customers’ assembly lines never stopped. We could now supply to customers in Europe in one-third of the time.
This was the acquisition of Wexford Electronics in Ireland and this was our first in our string of acquisitions to follow later. Between 2002 to 2007 there were six acquisitions, of which five were from Europe. In this period Motherson expanded to ten more countries- Singapore, Mauritius, Ireland, Sri Lanka, UK, USA, Sharjah, Germany, Czech Republic.1999First overseas office in Graz, Austria20005-year plan announced publicly for the first time2001First partnership in the off-road segment | Caterpillar2002First acquisition by Motherson Group I Wexford Electronics2002First overseas plant in Sharjah, UAE2003First Motherson operation in Europe | Ford2004European headquarters opened in Germanyclose
2008–2021
Going
Since 2008, the group has Grown Multi- dimensionally. We continued to focus on the three fold growth strategy – organic, collaborations and inorganic. This resulted in expanding our footprint to 41 countries, diversifying our product portfolio, forging new partnerships and acquiring companies that have synergies with us. Since our first acquisition in 2002, we’ve welcomed 21 more companies into the Motherson family. But our international expansion really took off with the acquisition of mirror maker SMR — a company that was twice our size at the time.
That was Followed by SMP, a major producer of polymer modules, which doubled the size of the Motherson Group. Through SMR and SMP we became supplier to the global top automotive OEMs. These landmark acquisitions propelled us into the top league of automotive suppliers worldwide. 2009Acquisition of Visiocorp(rearview mirror business), SMR established2011Peguform acquisition, SMP established2014Acquisition of wiring harness division of Stoneridge Inc, entering CV segment in USA2017PKC acquisition, leadership position in Amercian, European and Chinese CV market2018Reydel acquisition, closer relations with French OEMs2019Acquisition of Bombardier’s UK rolling stock electrical component business2020Proposed Motherson Group reorganization2021Acquisition of Plast Met Group, Turkey2021Acquisition of Bombardier’s Electrical Wiring Interconnection Systems (EWIS) business in Huehuetoca, Mexico2021Acquisition of majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd2021Acquisition of CIM Tools Private Limited for machining and sub-assembly of components for the aerospace industry
2022-Present
Starting a new chapter. Motherson was restructured with the objective of creating value for all stakeholders.
More Simplicity, synergy and unity that will help us to grow further 2022 Group Reorganisation Completed 2022 Motherson Sumi Wiring India Limited (MSWIL) listing on stock exchanges2022Samvardhana Motherson International Limited (SAMIL) was merged into Motherson Sumi Systems Limited (MSSL) and the new combined entity renamed and is known as Samvardhana Motherson International Limited2022 Two listed companies under the Motherson umbrella.
Samvardhana Motherson International Limited (SAMIL) and Motherson Sumi Wiring India Limited (MSWIL)2022Acquisition of Ichikoh, rearview mirror business, Japan stake purchase2022Acquisition of Frame Manufacturing and Assembly Business of DICV Pvt Ltd. India Asset Purchase2023Acquisition of Saddles International, India2023Acquisition of SAS Autosystemtechnik GmbH, Germany2023Acquisition of Fritzmeier Motherson Cabin Engineering Pvt Ltd, India2023Acquisition of Bolta, USA2023Acquisition of YMAT, India2023Acquisition of Cirma Entreprise SAS, France2023Acquisition of Yachiyo 4W, Japan2023Acquisition of Prysm Systems, USA2023Acquisition of Rollon Hydraulics Private Limited, India2023Acquisition of Dr Schneider Group, Germany2023Acquisition of Irillic Pvt. Ltd., India2023Acquisition of AD Industries, France2023Acquisition of Samvardhana Motherson Adsys Tech Ltd., India2023Acquisition of Deltacarb SA, Switzerland2023Acquisition of Lumen Group, Australiaclose
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Motherson Group Location In Pune
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2.Mareli Motherson, Mahalunge, Pune Near Endurance Company, Maharashtra
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4.Chakan Industrial Area In Pune
