Global
Providers of automotive parts, Varroc group has a significant
presence in quality automotive components and parts
for 2, 3 and 4 wheelers in domestic and overseas markets.
The group has 17 manufacturing facilities across Western
and Northern India and 2 plants in Europe.
The group is structured into two main companies:
Varroc Polymers Pvt. Ltd and Varroc Engineering Pvt.Ltd.
Varroc Polymers Pvt.Ltd is in the Polymer business
verticals.
Varroc Engineering Pvt.Ltd is in the strategic verticals
of:
- Electrical and electronics
- Metallic
Varroc Group Sales Turnover in FY06-07 was $ 300
million and in the current fiscal FY 07-08 is expected
to be in the vicinity of $ 450 million.
Varroc Group manufactures 16 different products and
servicing the Indian Automotive companies. Varroc
Group is one of the few Groups in India manufacturing
such a vast range of auto products.
Varroc Group organized its first Varroc Value Adder’s
Meet at Hotel Fariyas ,Lonavala on 12th and 13th February
2008.Theme for the meet was ‘excellence together’.
More than 100 value partners participated in this
meet.
First day it was a sight seeing during the day followed
by an entertainment program in the evening .The program
‘Taal Yatra’ by Pandit Suresh Talwalkar
and his Group mesmerized the audience with the fusion
of classical music with the western music combined
with Kathak dances.
On 13th February 2008 the program was inaugurated
by Mr.Tarang Jain, Managing Director-Varroc Group
in the traditional style by lighting the Lamp.
Mr Jain addressed the august gathering and shared
with them the Varroc Group Plans for the coming years
and also the recent restructuring done at Varroc Group.
Mr.Jain said Varroc is targeting sales of Rs 4000
crores by Year 2010-11.
50% of the sales will come by organic growth and the
balance 50% by inorganic growth.
Organic Growth will come from the growth in the Indian
2 and 4 wheeler market, export of certain components
through International Purchasing Office, and direct
export to European and American customers.
Inorganic growth will be through acquisitive growth
in Europe in forging space, plastic molding space,
and acquisition in electrical/electronics space in
China.
Mr.Tarang Jain also highlighted Varroc priorities
on quality, cost, and innovation and delivery front.
He said we should all work on the principle of “More
for less” that is we should have more productivity
at less cost of capex, manpower etc.
Mr. Madhusudan Sharma ,Associate Vice President ,Material
shared the buying volumes for domestic manufacturing
during the next 4 years and also Varroc plan to rationalize
the suppliers in a phased manner.
Varroc expects its partner to gear up to meet the
global customers expectations on quality, competitiveness
.To support this Varroc has initiated the Q manager
concept to support the value partners to improve product
quality, reduce wastages .
Mr Sharma said that we should all focus on innovation,
competitive manufacturing, focus on optimizing usage
of Capital and reduction of operating cost, build
quality into the design of a product right at the
start of the product and a strong fiscal discipline.
He also announced that from next year onwards Varroc
will start the value partner appreciation schemes
in different product category and informed the criterion
for selecting a value partner for that award.
This year few key partners were appreciated:
M/s RELIANCE INDUSTRIES LTD.
M/s MANALI PETROCHEMICAL LTD
M/s POLYNOVA INDUSTRIES LTD
M/s MITSUI & CO.LTD.
M/s MUKAND LTD.
M/s AVNET INDIA PVT. LTD.
M/s PRECISION WIRES INDIA LTD
M/s PRESSMATIC ELECTRO STAMP. LTD.
M/s MOULDERS INDIA Ltd
M/s SANJAY TECHNO PLAST PVT. LTD.
M/s SANGKAJ STEEL LTD.
