Minda NexGenTech Limited INTEGRATED RENEWABLE ENERGY SOLUTIONS

1. Minda NexGenTech LimitedINTEGRATED RENEWABLE ENERGY SOLUTIONS

2. THE MINDA GROUP • Set up in 1958 as an Ammeter manufacturing small scale unit • Leading supplier of automotive components to almost all OE manufacturers in India today – 2/3/4 Wheelers, Commercial and Off-Road Vehicles • OE suppliers to key global customers • 26 manufacturing locations in India • 2 Green Field Units in Indonesia, Vietnam. Another unit being explored • Targeted T/O : Rs. 2000 crores ($ 400 M) in 2011-12 • The concept of Rs.10,000 crores in next 5years

3. ENTRY INTO NON AUTOMOTIVE BUSINESS - THE RATIONALE • De-risking strategy • Diversification – integral part of the growth plans of the group to touch 10k • Leveraging the existing core strengths of the Group: Manufacturing, Quality, Customer Orientation, Product development, Project Management & Execution, Distribution and after sales service • Increasing the attractiveness of the Group to a Financial Investor/Public at large

4. MINDA NexGenTech Limited • Incorporated on April 13, 2011 • Minda Industries Ltd. has a 26% stake • Remaining stake held by Minda Investor Companies • Intended to bring in Financial Involvement of employees as well, and of PE/VC investors moving forward • Sunrise industry : Hence objectives will be Top-Line, Bottom-Line as well as Enterprise Value Enhancement

5. BUSINESS STRUCTURED UNDER THREE VERTICALS

6. OUR VISION Minda NexGenTech, an integrated, end-to-end Power Solution Renewable Energy Company • Bringing light, energy to the lesser privileged, in India as well as globally • In a win-win, financially viable, self sustaining Business Model • Supported by ongoing Investments and Innovations in Technology, Research and Development

7. OUR DREAM To create a viable Business model with strong social commitment and built in CSR component. To establish New Paradigms for integration of Renewable Energy with Sustainable Rural Development. To develop capability where by every single day of the year, there is some village somewhere in the country being electrified by the Minda Group - Touching Lives.

8. CASE STUDY Village Electrification through Solar Micro Grid Power plant Village Nagla Dhuli, District Firozabad, Uttar Pradesh, India

9. VILLAGE OVERVIEW – NAGLA DHULI • 200 Households Un-electrified Village, 60 kms from Firozabad • Kerosene lamps are the only mode for lighting during night hours. Kerosene is procured @ Rs 14.60/- per litre from PDS, & Rs 28/- to Rs 30/- from open market. • Wood is the only energy source used for cooking. Approximately, 5 kgs used by each household on a daily basis

10. OBJECTIVE • To test technical, commercial viability for using a Solar Power Plant for Energy Access • Establish a community based model of Operation & Revenue Collection • To encourage villagers to use smokeless Stoves/Chula's • To develop a Model to be replicated/scaled up in other villages • Base revenue collection as part of Revenue Generation/ Entrepreneurship model or a social development model

11. OWNERSHIP OPPORTUNITIES AT THE VILLAGE

12. OPERATIONAL MODEL • Supply Power to the entire village using a 1.5km grid line to lighten 2 LED lamps of 1.5 watt each for 6 hours with an additional facility for mobile charging • Dual Timer to avoid human intervention • Provision to expand the system on demand • Battery Autonomy for 1.5 days (10 hours)

13. WORKING MODEL Revenue Generation/Entrepreneurship Model : Revenue collection used for • Maintenance & Upkeep of Power Plant • EMIs for loans taken • ROI for investment made by a local entrepreneur • Overall Project Payback < 36mths and Minda is open for part investment with the Entrepreneurs/Equity Investors Social Development Model : Revenue collection used for • Village Development • Facilitating employment generation/income enhancement Overall, Energy Access to lead to/facilitate • Education- Providing greater benefits to children • Employment- Manual Grinder for grinding of Dal and Spices ,Bangle manufacturing for women folk, Making of Paper Bags, Stitching activities • Women’s Empowerment- Formation of SHG • Sustainable, all round Rural Development

14. NAGLA DHULI – A GLIMPSE

15. OBSERVATIONS/LEARNINGS • AC Power pilferage - A common concern faced in the villages for which special fuses were installed at junction boxes fixed to the poles • Ownership Issue – The model being community based results in lack of ownership from the villagers in terms of maintenance of the plant

16. ROAD AHEAD • Ten villages identified for installing DC based power plants • Shift from AC based Solar Plants to DC power plants • Pre-paid Cards to be used to avoid defaults • Biomass Plant- 32kw in progress in Araria district Bihar • Diversification from one state to pan India operations • Roll out of Service Centers • Association/Tie-up with NGO’s • Plan to electrify 1800 villages in next 5years

17. Minda Provides End to End Solution • Provides Energy efficient Solutions • Manufacturers LED Lights, Home Lighting Solutions, Solar Lantern, and Street Lights

18. Corporate Office Address Minda NexGenTech Ltd 37-A,Rajasthan Udyog Nagar New Delhi-110033 Website: www.mindagroup.com For further details email: pbhasin@mindagroup.com