The Unlisted Automotive Giant

Steered by his vision and a quest to make it big in life, Tarang Jain took a train out of the ‘City of Dreams’ to set up the Varroc Group in Aurangabad in 1990. In what started as an automotive parts supply business, the Varroc Group has since grown both organically and inorganically to establish itself as a global automotive component behemoth that has clocked sales of ₹10,300 crore in FY 16-17.

- Joseph Rozario

IN TERMS OF TURNOVER, THE VARROC GROUP, THOUGH unlisted, pips most listed companies on the national bourses, including some of the biggest corporations. What’s more amazing is that this incredible achievement has come off the efforts of a first generation entrepreneur, Tarang Jain.

Originally from Delhi, Tarang Jain’s journey to success began in the early eighties in Mumbai. After graduating from Sydenham College of Commerce and Economics, he apprenticed with a few local companies and interned with his twin brother, Anurang, at Kaycee Industries Ltd (an electric switch company where their father, Naresh Chandra Jain, was the chairman) and then at Bajaj Auto Ltd, which was headed by their maternal uncle, industrialist Rahul Bajaj.

Setting up shop

After about a couple of years at Bajaj Auto, the brothers, motivated by their uncle’s success as an entrepreneur, felt inspired to start their own business. Their preferred line of business was understandably something related to automobiles. This had them looking to Pune, India’s automotive capital, to get things rolling, but fate took them to Aurangabad instead, an upcoming industrial township in the interior of Maharashtra.