SPARK MINDA acquires EI LABS India Pvt. Ltd. (“EI Labs”)

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  • 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.

Global Automotive Component Manufacturer ‘SPARK MINDA, Ashok Minda Group’ (“Spark Minda”) led by Chairman & Group CEO, Mr. Ashok Minda today announced the acquisition of ‘EI LABS’ which delivers inter-disciplinary products in the connected mobility and IoT space. Minda Corporation Limited (NSE: MINDACORP, BSE: 538962, a flagship company of Spark Minda, Ashok Minda Group), through its wholly owned subsidiary Minda SAI Limited has acquired 100% of the 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.