Creating long term value for all stakeholders

“In 2022, we focused on leading the reorganisation project at Motherson,” says Kunal Malani, Chief Financial Officer of Samvardhana Motherson International Limited (SAMIL). “The goal was clear: to create greater simplicity, synergy, and unity across Motherson operations.”

This restructuring was not just about changing our corporate structure; it was about positioning Motherson for long-term growth.

The first major step in this journey was demerging our Domestic Wiring Harness (DWH) business into a new entity called Motherson Sumi Wiring India Limited (MSWIL). This allowed us to concentrate efforts on a segment and geography that demonstrated remarkable growth potential.

“I remember the excitement when we announced that for every share of MSSL held by our shareholders, they would receive an additional share in MSWIL at a 1:1 ratio,” says Kunal

Following the demerger, we merged Samvardhana Motherson International Limited (SAMIL) into MSSL, and the entity was renamed SAMIL. This brought all the auto-component and allied businesses together under one legal entity, SAMIL.

Today, Motherson operates with two distinct entities: Motherson Sumi Wiring India Ltd (MSWIL) and Samvardhana Motherson International Limited (SAMIL)

As we embrace this new chapter under SAMIL and MSWIL, we are better ready to seize the opportunities that await us.

Becoming a preferred partner takes time and trust. Every day we work hard to earn that trust. Our long-term customers look to us for solutions when other suppliers are in trouble. Since 2002, we have completed 47 acquisitions, all at the behest of our customers, diversifying our product portfolio and enhancing our capabilities.

Our biggest acquisition to date…

It was late 2008. The bankruptcy of Lehman Brothers had triggered a global financial crisis. And one of the world’s largest rearview mirror makers, Visiocorp, was facing the same dire fate.

To move forward with the acquisition, we needed to secure the confidence and commitment of our global customers. Barrie Painter, Executive Vice President of Global Marketing, Communications & Sustainability, notes, “It wasn’t an easy pitch to make. Our takeover target was twice the size of our own company.”

However, the unwavering support from our customers provided us with the assurance needed to focus on turning Visiocorp around.

After months of intensive discussions and evaluations held in hotel meeting rooms, our team unanimously decided: “We can do this.” In early 2009, we signed the deal that nearly tripled the size of our company overnight. This move allowed us to leverage the trust our customers placed in us to not only survive but thrive during one of the most challenging periods in the automotive industry.

Today, Samvardhana Motherson Reflectec (SMR)—part of our Vision Systems division—stands as one of the largest manufacturers of rearview mirrors for passenger vehicles globally. We have pioneered numerous technologies, including intelligent camera systems for automotive applications.