Uno Minda has embarked on organisation and business transformation which, it said, will reimagine, redesign and realign its businesses, processes, systems and structures to be a future-ready and sustainable organisation.
The changes take effect from April 1, said a press release issued by the company.
The organisation, it said, is being carved into four domains which shall be system-oriented. Domain realignment is done basis technologies, collaborators and customer connects. Realignment will result in better synergies and efficiency.
Key functions like marketing, procurement and R&D also have been redesigned to have centralised team facilitating better control and cost efficiency on account of scale.
Dedicated teams have been formed within marketing function to focus on ASEAN, EU, Americas and Japan markets. The company also proposes to open office in Thailand to cater to ASEAN market for better coordination and strengthening relation with global OEM’s
Mr. Nirmal K Minda, CMD of Uno Minda Group, said, “Evolving to the needs of industry is key to sustainable future and creating a robust business model. Uno Minda Group continues to transform how it operates and build a more customer-driven and streamlined organisation for the future. The latest phase of our transformation journey is designed to improve growth and operational efficiency, and will enable us to create even more value for our customers and shareholders. This is a defining moment for the group and will be instrumental in our journey of transformation to a unified force”.
Mr. Sunil Bohra, Group CFO of Uno Minda Group, said, “These changes create the right structure to build our businesses over the long term and increase our ability to successfully execute on our top priority. Our goal is to better align with the needs of our customers, and through that increase accountability, reduce complexity and improve cost-efficiency. We will continue to evolve into a more global company, leveraging economies of scale and driving innovation across Uno Minda Group.”