Where Darwin’s ’survival of the fittest’ theory holds ground in the business world, here is a saga of an automotive engineering giant that fits in to this phrase. We are delving about Karan Automotives. The Faridabad based ISO 9001: 2015 and IATF 16949:2016 certified firm’s core business areas are automobile and construction equipment industry segment encompassing bicycle, two wheelers, four wheelers, commercial vehicles, earth movers, tractors, agriculture equipments, and lighting engineering.
“Quality is the cornerstone of all our activities at Karan Automotives. We never compromise on quality and technological parameters of our products,” utters the charismatic Mr. Ravinder Singh, Managing Director. A 1995 graduate in Mechanical Engineering from Bangalore, Mr. Singh is a recipient of ‘Young Entrepreneur’ award. What started as Hyflex Auto Industries in 1965 shifted to tube business starting with A.G pipes later. Karan Automotives witnessed naissance in the year 2000. The legacy started by Sh.Balwant Singh in 1965 has been carried forward by his three sons Mr Ravinder Singh , Mr. Gurdeep Singh and Mr Ranjit Singh . The robust family business base facilitated fast growth and the firm’s carving of a distinctive niche in the Indian engineering sector. Sh. Balwant Singh has been featured in the Limca Book of Records for manufacturing of fruits & vegetables cutting machines.
Last fiscal, Karan Automotives generated a turnover of Rs. 94 crore, triggered by an annual average growth rate of 10%. A turnover of Rs. 110 crore is expected to be generated this financial year.
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This story is from the February 2018 edition of Business Sphere.
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This story is from the February 2018 edition of Business Sphere.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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