Type Private Website Official website Founded 1990 | Industry Automotive components Founder Tarang Jain | |
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Headquarters Aurangabad, Maharashtra Subsidiaries Varroc Automotive Systems s.r.o., Triom Spa | ||
Varroc is a global automotive component manufacturer and supplier of exterior lighting systems, powertrains, electrical and electronics, body and chassis parts to passenger car and motorcycle segments worldwide. The company was founded by Tarang Jain in 1990 and is currently headquartered at Aurangabad in Maharashtra, India with 35 manufacturing facilities and 11 engineering centres in 10 countries across three continents.
Contents
Varroc s engine valve solutions
History
Varroc was established by Tarang Jain in 1990, in Aurangabad, India with commencement of company's polymer division. Between 1992 and 1998, the company focused on product diversification and capacity expansion and started its electrical and metallic division. Varroc started to more polymer manufacturing facilities in 1997 in Pune and Aurangabad.
In 2001, Varroc expanded its development capabilities by collaborating with Mitsuba Corporation, a Japanese manufacturer of automobile parts. The company collaborated with Brussels based materials technology company, Umicore, in 2005 and started production of automotive catalytic converter.
Between 2007 and 2010, Varroc acquired IMES, Poland and Italy to strengthen forging business in European markets, off-road and oil drilling industry. The company also invested in manufacturing capability for polymers in National Capital Region to cater to OEMs in North India.
In 2011, Varroc acquired European two wheeler lighting organization Tri.O.M. S.p.A. including its R&D center. In 2012, Varroc's turnover crossed USD 1 billion mark with acquisition of Visteon's Lighting Business along with its two R&D centers.
Varroc established its eighth polymer plant in Pithampur, Indore, in 2012, which caters to Volvo, Eicher and Mahindra Two Wheelers. Another polymer plant was established in Bengaluru that caters to HMSI and passenger car segment. The company also invested in design and set up of the 10th polymer plant at Chennai to supply Yamaha Motor Company.
In 2015, Varroc partnered with UK Based manufacturer and supplier Scorpion Automotive Ltd to provide security based products for two wheelers.
Operations
The company has five business verticals under its umbrella:
Varroc Lighting Systems
Varroc Lighting Systems (VLS), headquartered out of Detroit, Michigan is a supplier of exterior lighting for passenger cars and commercial vehicles. The division has six manufacturing plants across North American, European, and Asian countries and six Engineering centers in the Czech Republic, France, China, Germany, Mexico, and India.
Triom Lighting
Triom Two-Wheeler Lighting, the lighting system arm of Varroc for the two-wheeler industry, develops electronics and lighting solutions for the automotive market in India and Europe. The division produces high quality two-wheeler lighting systems. It has four manufacturing plants – two in Europe, one in Vietnam, and one in Mexico – as well as an engineering center in Italy.
Electrical
Varroc’s Electrical division offers complete solutions in electrical components and assemblies for the two, three, four wheeler, off-road as well as commercial vehicles segments. The division has five manufacturing facilities located in the states of Maharashtra and Uttarakhand.
Metallic
Metallic division is a supplier of essential machined forgings and engine valves. The manufacturing capabilities of forging include hot, warm and cold forging, heat treatment, post heat treatment machining and soft machining. The forging plant based in Italy supplies large forgings to caterpillars in Europe for construction equipment.
Polymer
Varroc polymer provides solutions to the automotive segments. The division produces a wide range of injection and compression moulded automotive and allied rubber components. Varroc is the largest polymer solution provider to the two-wheeler industry in India.