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Varroc Engineering Reviews

Aurangabad, Maharashtra

4.3/ 5

3 reviews

Varroc Engineering Limited is a prominent global automotive technology company headquartered in Aurangabad, Maharashtra, India. Established in 1988 by Tarang Jain, the company has evolved from a captive unit for Bajaj Auto into a leading Tier-1 supplier to major original equipment manufacturers (OEMs) worldwide. Today, it stands as a critical player in the automotive component industry, specializing in design, development, and manufacturing for two-wheelers, three-wheelers, passenger cars, commercial vehicles, and off-highway vehicles. The company's extensive product portfolio is divided into several specialized divisions: electrical and electronics, lighting, polymer, and metallic components. Varroc is recognized as India's largest polymer solution provider for the two-wheeler industry. Its electrical division provides comprehensive assemblies including traction motors, controllers, and DC-DC converters for the growing electric vehicle (EV) market, as well as traditional internal combustion engine (ICE) powertrain solutions like valves and transmission components. In the electronics space, the company develops advanced safety and smart mobility solutions, including digital instrument clusters, telematics through its Varroc Connect platform, and Advanced Driver Assistance Systems (ADAS). Strategically, Varroc has expanded its global footprint through significant acquisitions and partnerships. Notable milestones include the 2012 acquisition of Visteon’s global passenger vehicle lighting business and the 2019 acquisition of CarIQ to bolster its telematics capabilities. In 2022, the company underwent a strategic streamlining by divesting its four-wheeler lighting operations in Europe and the Americas to Plastic Omnium, allowing it to refocus on its core leadership in the 2-wheeler and 3-wheeler segments and emerging EV technologies. Operationally, Varroc manages a vast infrastructure comprising approximately 36 to 39 manufacturing facilities and 7 to 11 engineering and R&D centers across countries including India, Italy, Poland, Vietnam, and China. This global network is supported by a workforce of over 7,000 employees. The company’s commitment to innovation is evidenced by its collection of over 100 patents and its focus on "Sustainable, Safe, and Smart Mobility." Financially, Varroc Engineering is a public entity listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) since 2018. The promoter group, led by the Tarang Jain family, maintains a 75% stake in the company. For the fiscal year ending March 2026, the company continues to focus on high-growth areas such as EV components and electronic fuel injection technology through various joint ventures. Under the leadership of Chairman and Managing Director Tarang Jain, Varroc emphasizes corporate governance and sustainability, integrating green initiatives like Zero Liquid Discharge and waste utilization into its manufacturing processes.