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{{Short description|Indian automotive component manufacturer}}
{{Advert|date=June 2019}}
{{Use dmy dates|date=December 2022}}
{{Use Indian English|date=December 2022}}
{{Infobox company
| name = Varroc Group
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NSE|VARROC}}|{{BSE|541578}}}}
| foundation = 1990
| founder = [[Tarang Jain]]
| key_people =
| location = [[Aurangabad, Maharashtra]]
| industry = Automotive components
| owner = Tarang Jain family (75%)
| homepage = {{URL|https://varroc.com}}
| logo =
}}
'''Varroc''' is an Indian multinational [[automobile parts|automotive component]] manufacturer and supplier of [[Lighting control system|exterior lighting systems]], [[powertrains]], electrical and electronics, body and chassis parts to [[Car|passenger car]] and [[motorcycle]] segments. The company was founded by [[Tarang Jain]] in 1990 and is currently headquartered at [[Aurangabad, Maharashtra|Aurangabad]] in [[Maharashtra]], with 35 [[Factory|manufacturing facilities]] and 11 [[engineering]] centres in 10 countries across three continents.<ref>[http://www.autocarpro.in/news-national/varroc-emerging-manufacturer-citation-maharashtra-chief-minister-20122 Varroc gets emerging manufacturing giant citation from Maharashtra chief minister] Retrieved 29 October 2016</ref><ref>[https://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapId=23378507 Company Overview of Varroc Engineering Pvt. Ltd.] Retrieved 29 October 2016</ref>

==History==
Varroc was established by [[Tarang Jain]] in 1990, in Aurangabad, India with the commencement of the company's [[polymer]] division. Between 1992 and 1998, the company focused on product diversification and capacity expansion and started its [[electrical]] and [[metal]]lic division. Varroc started more polymer manufacturing facilities in 1997 in [[Pune]] and Aurangabad.<ref name= "APF">[http://www.automotiveproductsfinder.com/News/Varroc-sets-up-plastic-injection-moulding-plant/93502 Varroc sets up plastic injection moulding plant] Retrieved 29 October 2016</ref>

In 2001, Varroc expanded its development capabilities by collaborating with [[Mitsuba Corporation]], a [[Japan]]ese manufacturer of automobile parts.<ref>[http://articles.economictimes.indiatimes.com/2003-08-23/news/27554080_1_south-india-corporation-agencies-joint-venture-equity-stake Japan's Mitsuba to raise Sical India stake to 95%]{{dead link|date=October 2024|bot=medic}}{{cbignore|bot=medic}} Retrieved 29 October 2016</ref> 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|forging business]] in European markets, off-road and [[oil drilling]] industry. The company also invested in manufacturing capability for polymers in [[National Capital Region (India)|National Capital Region]] to cater to [[OEM]]s in [[North India]].<ref>[http://articles.economictimes.indiatimes.com/2007-02-04/news/28384786_1_manufacturing-varroc-group-acquisition Varroc acquires Imes]{{dead link|date=October 2024|bot=medic}}{{cbignore|bot=medic}} Retrieved 29 October 2016</ref>

In 2011, Varroc acquired European [[Motorcycle|two wheelers]] lighting organization Tri.O.M. S.p.A. including its [[R&D]] center. In 2012, Varroc's turnover crossed the US$1 billion mark with the acquisition of [[Visteon]]'s Lighting Business along with its two R&D centers.<ref>[http://www.autocarpro.in/news-national/varroc-track-touch-rs-crore-turnover-806 Varroc on track to touch Rs 4,000 crore turnover] Retrieved 29 October 2016</ref><ref name= "TRI">[http://www.plasticsnewseurope.com/article/20140401/PNE/304019983/varroc-acquires-80-of-italys-triom Varroc acquires 80% of Italy's Triom] Retrieved 29 October 2016</ref><ref name= "VIS">[http://www.motorindiaonline.in/aftermarket/varroc-group-system-supplier-bets-big-on-technology-diverse-product-portfolio-and-global-customer-base/ VARROC GROUP – System supplier bets big on technology, diverse product portfolio and global customer base] Retrieved 29 October 2016</ref>

Varroc established its eighth polymer plant in [[Pithampur]], [[Indore]], in 2012, which caters to [[Volvo]], [[Eicher Motors|Eicher]] and [[Mahindra Two Wheelers]].<ref name = "POL">[http://www.autocarpro.in/news-national/varroc-polymers-inaugurates-eighth-polymer-plant-pithampur-2038 Focus on increasing plastics business] Retrieved 29 October 2016</ref> Another polymer plant was established in [[Bengaluru]] that caters to [[HMSI]] and passenger car segment.<ref>[http://www.plastemart.com/plastic-facts-information.asp?news_id=22836&news=Varroc-Polymers-inaugurates-eighth-polymer-plant-at-Pithampur-in-Madhya-Pradesh Varroc Polymers has inaugurated its eighth polymer plant at Pithampur in Madhya Pradesh] Retrieved 29 October 2016</ref> The company also invested in design and set up of the 10th polymer plant at [[Chennai]] to supply [[Yamaha Motor Company]].<ref name="APF" />

In 2015, Varroc partnered with UK Based manufacturer and supplier [[Scorpion Automotive Ltd]] to provide security-based products for two-wheelers.<ref>[http://www.thehindubusinessline.com/companies/varroc-inks-pact-with-ukbased-scorpion-auto/article6805205.ece Varroc inks pact with UK-based Scorpion Auto] ''[[Business Line]]'' Retrieved 29 October 2016</ref><ref>[http://www.business-standard.com/article/companies/varroc-partners-with-uks-scorpion-automotive-for-2-wheeler-security-systems-115012000786_1.html Varroc, UK's Scorpion team up for two-wheeler security systems] Retrieved 29 October 2016</ref>

==Operations==
The company has five business verticals under its umbrella:

===Varroc Lighting Systems===
Varroc Lighting Systems (VLS), headquartered out of [[Plymouth, 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]], [[Poland]], [[Mexico]], [[Romania]] and [[India]].<ref name= "VIS" /><ref>[https://web.archive.org/web/20160125010413/http://articles.economictimes.indiatimes.com/2012-08-08/news/33100985_1_varroc-group-tarang-jain-presence-in-two-wheeler Varroc Engineering acquires Visteon Corporation’s global lighting business for $72 million] Retrieved 29 October 2016</ref>

===Triom Lighting===
Triom Two-Wheeler Lighting, the lighting system arm of Varroc for the two-wheeler industry, develops electronics and lighting solutions{{buzzword inline|date=December 2021}} 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.<ref name= "TRI"/>

===Electrical===
Varroc's Electrical division offers complete solutions{{buzzword inline|date=December 2021}} 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]].<ref>[http://www.business-standard.com/article/companies/varroc-s-catalyst-plant-goes-on-stream-106022001030_1.html Varroc's catalyst plant goes on stream] Retrieved 29 October 2016</ref> Tier 1 auto component manufacturer which supplies to leading OEMs both in India and overseas, has clarified its position on the patent violation allegations levelled by [https://www.autocarpro.in/articledetail/articleid/43221 Flash Electronics India] against Royal Enfield in the US regarding production of a key component for [https://www.autocarpro.in/sitesearch/search/two-wheelers?search=two-wheelers two-wheelers]/motorcycles.<ref>{{cite web|url=https://www.autocarpro.in/articledetail/articleid/43221|title=Varroc Engineering : Varroc Engineering refutes patent violation allegations from Flash Electronics, Auto News|website=autocarpro.in}}</ref>

===Polymer===
Varroc polymer provides solutions{{buzzword inline|date=December 2021}} 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{{buzzword inline|date=December 2021}} provider to the two-wheeler industry in India.<ref name= "POL"/>

==Awards and accolades==
===2016===
* ''Emerging Manufacturing Giant'' citation honour by [[Devendra Fadnavis]], [[Chief Minister of Maharashtra]], India on behalf of [[Indian Merchants' Chamber]].<ref>[http://overdrive.in/news/varroc-group-cited-as-emerging-manufacturing-giant-from-maharashtra/ Varroc Group cited as emerging manufacturing giant from Maharashtra] Retrieved 29 October 2016</ref>
* ''India Automotive Lighting Technology Innovation Leadership Award” at the Frost & Sullivan’s GIL 2016: India Awards.''<ref>{{cite web |url=http://auto.economictimes.indiatimes.com/news/auto-components/varroc-lighting-systems-india-wins-automotive-lighting-technology-innovation-award |title=Components, Latest Components News, Auto News - ET Auto |website=auto.economictimes.indiatimes.com |access-date=29 October 2016}}</ref>
*''Environmental Youth of the Year award 2016'' for implementing green initiatives from Clean & Green India jointly with SingEX, Singapore and Franchise India.<ref>[http://ibtn9.com/2016/04/varroc-wins-environmental-youth-of-the-year-2016/ Varroc Wins Environmental Youth of the Year 2016] Retrieved 29 October 2016</ref>
*''Kaizen Award'' in Innovative Kaizen Category during 26th CII–TPM Club National Kaizen Conference Cum Competition held at New Delhi.<ref>[http://newsletters.cii.in/Quality-Newsletter/april_13/Quality%20News.pdf 20th Kaizen Conference & Competition] Retrieved 29 October 2016</ref>

===2015===
*''Best Supplier Award 2015'' from [[Danfoss]] for best performance in quality and delivery to multiple Danfoss global locations & proactive planning for keeping commitments.<ref>[http://www.indiainfoline.com/article/print/news-business/danfoss-india-awards-and-recognises-top-performing-suppliers-on-annual-supplier-day-in-india-115012200392_1.html Danfoss India awards and recognises top performing suppliers on Annual Supplier Day in India] Retrieved 29 October 2016</ref>
*''New Product Development Award'' by [[HMSI]].

===2013===
* Tarang Jain received ''[[Forbes]] Next Generation Entrepreneur'' award.<ref>[http://www.forbesindia.com/article/leaderhip-awards-2013/tarang-jain-taking-risks-to-derisk-varroc/36383/1 Award: Next Generation Entrepreneur Tarang Jain] Retrieved 29 October 2016</ref>

==References==
{{reflist}}

[[Category:Automotive companies of India]]
[[Category:Companies based in Maharashtra]]
[[Category:Indian companies established in 1990]]
[[Category:Automotive companies established in 1990]]
[[Category:1990 establishments in Maharashtra]]
[[Category:Aurangabad district, Maharashtra]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Varroc - Revision history

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