490.00 11.65(2.44%)
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Varroc Engineering Limited was incorporated on May 11, 1988 at Mumbai. Company offers a diverse range of solutions in powertrain, electrical, body parts, and metallic solutions, shaping the future of mobility. Acquiring Varroc Connect (formerly CarIQ), a cloud-connected telematics platform, facilitates predictive analysis through big data. Expanding into safety mobility, it offers the Advanced Driver Assistance System (ADAS), Driver Monitoring System (DMS), and AI-driven video telematics for safer roads.The Company commenced operations with polymer business in 1990. It initially grew organically in India by adding new business lines, such as electrical division and metallic division. Subsequently, it diversified the product offerings and expanded its production capacity through various investments, joint ventures and acquisitions. It expanded its manufacturing footprint by investing in nine manufacturing plants and an additional R&D center in India since 2012.In 2005, the company formed Varroc Exhaust Systems Private Limited to manufacture catalytic convertor for two wheelers and three-wheelers.In 2007, the company formed a joint venture with Plastic Omnium Auto Exterior SAS, France. During the year under review, the company acquired I.M.E.S in Italy. In 2008, as ...