Motherson Sumi Group is currently looking at 6 acquisitions very seriously

When asked about debt position Sehgal said, “We have just raised $300 million approximately from the Indian banks, mutual funds and all that and we will add about another $100 million to it and then we pay some of the debt. We are not very worried about the debt because the $1.2 billion as you make it out to be is actually servicing a $11 billion revenue, so there is working capital, there are long term bonds and things like that. So I really wonder whether if you go through the whole mechanics of it, as it is actually built very comfortable positions.”

Talking about the five-year plan of FY20-FY25 and targeting revenues to grow by 3x to USD 36 billion he said, “We think that there is a tremendous amount of pain in the system and globally we see a lot of companies which will get into trouble because of this COVID fiasco that has happened. We believe that the customers are going to ask us to solve a lot of their problems and that is why the target is at USD 36 billion. It is a figure which we try to put out in our five-year plan and it is 3x.”