A GLOBAL LEADER IN AUTOMOTIVE COMPONENTS
Varroc is a global tier-1 automotive component group. We commenced operations in India with our Polymer business in 1990. We design, manufacture and supply exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle (“OHV”) OEMs directly worldwide.
We are the second largest Indian auto component group (by consolidated revenue for FY 2017) and a leading tier-1 manufacturer and supplier to Indian two-wheeler and three-wheeler OEMs (by consolidated revenue for FY 2017). We are the sixth-largest global exterior automotive lighting manufacturer and one of the top three independent exterior lighting players (by market share in 2016). In FY19, we clocked in revenue in excess of `120 billion. Between FY 2016 and FY 2019, we had a compound annual growth rate (‘CAGR’) of 13.6% in our revenue.
With over 3 decades of relentless commitment to excellence and value-focused performance, Varroc offers the best design solutions that provides its customers a competitive edge in their markets. This has helped Varroc place itself as the most preferred partner with all leading OEMs in the automotive segment across the world.
(Source: CRISIL Research, Yole)
We have a well-diversified auto component business across geographies, products and customers. With a portfolio including marque auto OEMs worldwide and in India, we have successfully established long-lasting relationships with clients all over the globe.
Our 41 cost-efficient and strategically-located global manufacturing units across 5 continents, and our in-house R&D capabilities in India, Czech Republic, China, USA, Mexico, Germany, Italy, Romania and Poland have helped us meet increasing demand.
Over 185 patents have been granted globally and we owe it all to our outstanding team of 13,800 employees, comprising of R&D engineers, engineering experts and an astute management team supported by a reputed Board.
1.8 BNREVENUE IN USD