Varroc

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 metallic division. Varroc started 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 wheelers lighting organization Tri.O.M. S.p.A. including its R&D center. In 2012, Varroc's turnover crossed the USD 1 billion mark with the 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.