HINDMOTORS Business Profile
Hindustan Motors (HINDMOTOR) is an automobile manufacturing and services company. A flagship company of the C.K. Birla group, it was established in 1942 by B.M. Birla.
The automobile division manufactures passenger cars like Ambassador, Grand, and Avigo; multi utility vehicles like Trekker, Porter, Pushpak; the RTV; mid size premium segment cars like Mitsubishi Lancer, Lancer Select, and Lancer Cedia; the sports utility vehicle Mitsubishi Pajero; and Bedford trucks like the Mascot T-480 FC. The manufacturing units are in Tiruvallur, Chennai (Mitsubishi Lancer cars); Uttarpara, Kolkata (passenger cars); Pithampur, Indore (multi utility vehicles in technical collaboration with OKA Motor Company, Australia).
The remote services division offers comprehensive design services like modeling, drafting, and model migration in CAD, CAM, and CAE. It offers design and analysis services across multiple software platforms like Catia, I-DEAS, Unigraphics, Pro/Engineer, Solidworks, and Mechanical Desktop.
In early 2007, the company started developing an integrated IT township and auto park on 314 acres of land jointly with Shriram Properties through an SPV. The company expects to receive about Rs 2,950 million in five tranches spread over the next 10 quarters as well as non compete fee equal to 4% of sale proceeds. These funds will be used to revive, modernize, expand and develop the Uttarpara Plant with contemporary automotive forging, stamping and foundry facilities and growth initiatives. The company is also launching premium sports utility vehicles (SUVs) in a tie-up with Mitsubishi, Japan.
Subsidiaries include Hindustan Motor Finance Corporation, HM Export and Hindustan Motors (USA).
The current market capitalization stands at Rs 141.35 crore. The company has reported a standalone sales of Rs 104.33 crore and a Net Profit of Rs 0.29 crore for the quarter ended September 2013.
The company management includes C K Birla - Chairman, Uttam Bose - Managing Director, Naresh Chandra - Director, Pradip Kumar Khaitan - Director, Anand C Burman - Director, Kranti Sinha - Director, A Sankaranarayanan - Director, Gautam Dutta - Nominee Director.
The Registered office of the company is at Birla Building, 9/1 Rajendra Nath Mukherjee Road, Kolkata-700001 and corporate office at 6-B, Grand South Trunk (GST) Road, St. Thomas Mount, Chennai-600016, Tamil Nadu.