Spark Minda acquires EI LABS to enhance Group’s expertise in Connected Mobility and IoT Solutions

• Group to expand into fast growing Connected Mobility market in India and abroad across Vehicle segments.
• Group to start providing cutting edge Internet of Things (IoT) solutions for Automotive and other related applications.
• Enhance in-house technology enabled expertise of the Group.
• Leverage usages of acquired technology in existing product portfolio of Group to create a value add for customers.

We are pleased to announce that Spark Minda has completed acquisition of EI LABS India Pvt Ltd on 1st September, 2017, which delivers inter-disciplinary products in the connected mobility and IoT space. Minda SAI Limited, wholly owned subsidiary of Minda Corporation Limited has acquired 100% equity shares of EI Labs.

EI Labs is located at Bangalore, Karnataka and was founded by professionals with extensive global experience in the high-tech IT industry, with a vision to touch human life through embedded, intelligent technology that can improve safety, productivity and quality in their daily life.

Experience Highlights:

• Building the connectivity for India’s first connected car embedded solution.
• Own local R & D put three car platforms and one tractor Platform on the cloud already.
• A middle ware for the tractor gate way platform having the rugged all weather devices as OEM fitment.
• GPS enabled announcements for bus passengers – first step towards ITS solution for Smart Cities.
• Designing connectivity solutions for smart wearable’s to take it beyond fitness – Safety, Security and Health applications.

Commenting on the acquisition, Chairman & Group CEO,
Mr. Ashok Minda, said, “We are happy to announce the acquisition of EI Labs in the area of connected mobility. The acquisition will enable Spark Minda to develop latest devices and solutions, helping the automotive market with world class technologies in the domain of automotive connected mobility management devices and solutions. Spark Minda with the expertise of in-house engineers, new R&D technology centre in Pune and outsourced technology enables users to access new & innovative products in automotive industry.”

Adding to the recent acquisition, Group Chief Marketing Officer, Mr. N.K Taneja said, “Our Group has been constantly endeavoring and creating opportunities for further growth and developments since inception. EI Labs acquisition marks an important milestone for our group in the field of futuristic connected mobility.”

Mr. Suresh D, Group Chief Technology Officer Commented, “With this acquisition, Spark Minda will be bringing a full spectrum of solutions to reinforce developments in next-generation Connected mobility & IoT domain. We plan to integrate the acquired technology in our existing range of products to give the much required value add & competitive edge to our customers.”

The whole project was steered and mentored by Mr N.K Taneja, Mr R.Laxman, Mr Suresh D, Mr Sanjay Aneja and Mr Ajay Sancheti.

A special appreciation for team members who did their job relentlessly; Mr.Daksh Kapoor, Mr.Pradeep Mann, Ms.Shalu Garg, Mr. Vinay Pawar & Mr. Yusuf Chikodi, duly supported by Mr Deepak Balwani & Mr Anil Batra. A great effort put in by each one of them.

For detailed coverages in various media publication, pl refer – www.minda.co.in/ Media/ Spark Minda in News.