Sunjay Kapur Chairman Emeritus

In Memoriam

Sunjay Kapur
Chairman Emeritus

Visionary Leader Industry Statesman Champion of Innovation Compassionate Philanthropist

It is with profound sorrow that the entire Sona Comstar family mourns the sudden passing of Mr. Sunjay Kapur, our Non-Executive Chairman, in June 2025. His loss leaves a deep void in the hearts of all who had the privilege of knowing and working with him. His visionary leadership, unwavering commitment and exemplary guidance have left an indelible mark on the Board and Company. In recognition of his unparalleled contributions and enduring impact, the Board of Directors unanimously designated the Late Mr. Sunjay Kapur as Chairman Emeritus of the Company.

We Are Sona Comstar

Redefining mobility
through our intelligent,
sustainable solutions

We started as a well-respected name in automotive components. Over the past decade, we have grown far beyond that foundation, driven by our conviction that we could shape the future of mobility, not just support it.

We Are Sona Comstar
12
Manufacturing
facilities
5
R&D
centres
3
Engineering
capability centres
6000+
Total
Employees
Note: Above details are as on the date of approval of this report by the Board i.e. 23rd June 2025.
FY25 highlights

FY25 highlights

INR 35,545 mn

Revenue

12%
INR 9,753 mn

EBITDA

8%
INR 6,012 mn

Profit after tax

16%
INR 12,235 mn

BEV Revenue

38%
36 %

Revenue share from BEV

24%
58

EV Programmes

7%
y-o-y Growth

Mobility Solutions

Engineering the future of mobility

Mobility Solutions
Mobility Solutions
Mobility Solutions

Message From Chairman Emeritus

Bigger Bets. Bolder Moves. Beyond Boundaries.

Dear Shareholders, As we celebrate the 25th year of Sona Comstar, I look back with pride at the journey that has brought us here, a journey defined by transformation, resilience, and belief in innovation. What started as a forging company in India is now a global mobility technology leader — one that builds for the future while staying deeply rooted in its founding principles.

FROM THE DESK OF THE MD & GCEO

Shaping Mobility. Strengthening Legacy.

Dear Shareholders, "We suffer more in imagination than in reality."
Seneca's words ring loud and true as I look back upon the past year, when despite the reality of subdued demand and the clamour of an EV slowdown, our net profit grew by 16% year-on-year, and our revenue from Battery Electric Vehicles (BEVs) rose by 38%. We also made our largest acquisition to date: the railway business of Escorts Kubota Limited. This move aligns with our long-term vision of clean mobility and supports our strategy of diversifying across products, customers, and geographies.

CFO'S REVIEW

Spearheading bold moves with discipline

Dear Shareholders, FY 2024-25 marked the completion of 25 years of our operations. We continue to work towards becoming one of the world's most respected and valuable mobility technology companies for our customers, employees, and shareholders.

GROUP CTO MESSAGE

From products to possibilities

Dear Shareholders, During FY 2024-25, we marked a significant milestone by making a grand entry into CES - the Consumer Electronics Show in Las Vegas, the world's largest and most influential technology event. This global stage vividly demonstrated the rapid evolution of mobility technology and the opportunities that lie ahead.

Late Sunjay Kapur
Arrow
Late Sunjay Kapur

Chairman Emeritus

Vivek Vikram Singh
Arrow
Vivek Vikram Singh

Managing Director &
Group CEO

Rohit Nanda
Arrow
Rohit Nanda

Group Chief
Financial Officer

Praveen Rao
Arrow
Praveen Chakrapani Rao

Group Chief
Technology Officer

Late Sunjay Kapur

Late Sunjay Kapur

Chairman Emeritus

Vivek Vikram Singh

Vivek Vikram Singh

Managing Director &
Group CEO

Rohit Nanda

Rohit Nanda

Group Chief
Financial Officer

Praveen Chakrapani Rao

Praveen Chakrapani Rao

Group Chief
Technology Officer

Key performance Indicators

Key performance Indicators

Driving performance,
fuelling growth

Revenue
35,545 (INR mn)
  • 2025
    35,545
  • 2024
    31,848
  • 2023
    26,756
  • 2022
    21,306
EBITDA margin
27.4 (%)
  • 2025
    27.4
  • 2024
    28.3
  • 2023
    26.0
  • 2022
    26.2
EBITDA
9,753 (INR mn)
  • 2025
    9,753
  • 2024
    9,021
  • 2023
    6,958
  • 2022
    5,591
Profit after Tax
6,012 (INR mn)
  • 2025
    6,012
  • 2024
    5,173
  • 2023
    3,953
  • 2022
    3,615
Gross Block
17,379 (INR mn)
  • 2025
    17,379
  • 2024
    13,502
  • 2023
    11,133
  • 2022
    7,633
Free Cash Flow from Operations
3,597 (INR mn)
  • 2025
    3,597
  • 2024
    3,732
  • 2023
    1,980
  • 2022
    974
y-o-y growth
R&D investments
1,141 (INR mn)
  • 2025
    1,141
  • 2024
    793
  • 2023
    731
  • 2022
    442
Total employees
5,019 (Nos)
  • 2025
    5,019
  • 2024
    4,674
  • 2023
    4,065
  • 2022
    3,555
Gender Diversity
6 (%)
  • 2025
    6
  • 2024
    6
  • 2023
    3
  • 2022
    3
CSR spend
97 (INR mn)
  • 2025
    97
  • 2024
    67
  • 2023
    42
  • 2022
    55
Know More

Business Model

A model built to maximise value

Business Model

Our Strategy

Electrification

Electrification continues to be the most transformative force in mobility. We were early believers in this shift,
and today, it defines how we innovate, where we invest, and who we partner with. As the world accelerates
toward cleaner transport, we are positioned not just as participants but as enablers of this change.

Increasing market share

Our market share story is rooted in trust built over decades through engineering excellence, global reach,
and a deep understanding of customer needs. As the mobility ecosystem evolves, our commitment to innovation
continues to earn us a stronger presence across products, platforms, and geographies.

Diversification

Diversification has been our way of building resilience and discovering new growth. By expanding
across products, platforms, and geographies, we are reducing concentration risks
while creating new opportunities in emerging mobility ecosystems.

Technological prowess

FY 2024-25 marked a pivotal moment in Sona Comstar's technology journey. Building on our core strengths,
we accelerated the evolution from traditional component engineering to advanced subsystems and fully
integrated platforms. Our strategic emphasis on intelligent, software-driven, and electrified systems is placing Sona Comstar
at the cutting edge of next-generation mobility solutions.

Approach to ESG

Empowering planet,
people and society

At Sona Comstar, our ESG strategy is deeply integrated with our core business, governance, and long-term vision. Guided by a Board-approved ESG Committee, we take a disciplined, goal-oriented approach-tracking performance, course-correcting when needed, and ensuring accountability at every level.