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  • Irp Parameters For Comparative Analysis of Companies of An Industry

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    Varroc Engineering Limited is an automotive components manufacturer established in 1990 with over 14,000 employees. It has a diverse portfolio including electrical, metallic, and polymer components. Varroc has 23 subsidiaries and joint ventures including with Delphi Corporation. Over the past 5 years, Varroc's annual sales growth has ranged from -6.78% to 17.57%. The company focuses on automotive lighting products and electronic components while also pursuing other businesses like metallic components. With no significant corporate governance or litigation issues, Varroc maintains a global ranking among the top 6 of its top 10 competitors.

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    Varroc Engineering Limited is an automotive components manufacturer established in 1990 with over 14,000 employees. It has a diverse portfolio including electrical, metallic, and polymer components. Varroc has 23 subsidiaries and joint ventures including with Delphi Corporation. Over the past 5 years, Varroc's annual sales growth has ranged from -6.78% to 17.57%. The company focuses on automotive lighting products and electronic components while also pursuing other businesses like metallic components. With no significant corporate governance or litigation issues, Varroc maintains a global ranking among the top 6 of its top 10 competitors.

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    26 views2 pages

    Irp Parameters For Comparative Analysis of Companies of An Industry

    Uploaded by

    LAKSHITA 20111563
    Varroc Engineering Limited is an automotive components manufacturer established in 1990 with over 14,000 employees. It has a diverse portfolio including electrical, metallic, and polymer components. Varroc has 23 subsidiaries and joint ventures including with Delphi Corporation. Over the past 5 years, Varroc's annual sales growth has ranged from -6.78% to 17.57%. The company focuses on automotive lighting products and electronic components while also pursuing other businesses like metallic components. With no significant corporate governance or litigation issues, Varroc maintains a global ranking among the top 6 of its top 10 competitors.

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    IRP PARAMETERS FOR COMPARATIVE ANALYSIS OF

    COMPANIES OF AN INDUSTRY
    Parameters Varroc Engineering Limited

    Name of the enterprise Varroc Engineering Limited


    Year of Establishment 1990
    No. of. Present Employees Over 14,000
    Stephane Vedie is the President and CEO of Varroc Lighting Systems. He is
    A brief profile of CEO/CMD
    responsible for providing strategic leadership for the organization.
    Total Share Capital INR 134.81 million
    NoOfShares 152786400

    Promoters 114589800

    ForeignInstitutions 7964863

    Present Share holding pattern NBanksMutualFunds 20622319

    Others 2361454

    GeneralPublic 5425756

    FinancialInstitutions 1822208
    Total Sales Turn Over including Export value.INR 111353.00 million
    Executive Director-Chairperson related to
    Mr. Tarang Jain
    Promoter-MD
    Mr. Arjun Jain Executive Director

    Mr. Gautam Khandelwal Non-Executive - Independent Director

    Mr. Vinish Kathuria Non-Executive - Independent Director


    Board of Directors Mr. Rohit Prakash Executive Director

    Mrs. Vijaya Sampath Non-Executive - Independent Director

    Mr. Marc Szulewicz Non-Executive - Independent Director

    Mr. T R Srinivasan Group Chief Financial Officer

    Mr. Ajay Kumar Sharma Group General Counsel & Company Secretary
    Endurance Technologies, Gabriel India Limited, Castrol, Bharat Forge, Bajaj Auto,
    Major Competitors in major business/es
    Motherson, Sandhargroup, ConMet, Leggett & Platt, Nemak.
    Annual Growth rate last 5 years 2016-17 +17.57%
    2017-18 +10.54%
    2018-19 +17.10%
    2019-20 -6.78%
    2020-21 +1.54%
    No of Subsidiaries 23 subsidiaries
    Company Headquarters Aurangabad
    Market Share in each product line [during
    last three years]
    Mergers and Acquisitions Aries Mentor Holding (2020)
    Joint Ventures Varroc-Elba Electronics (VEE) joint venture.
    Strategic Alliances/Tie Ups Delphi Corporation
    Varroc Lightining Systems
    Triom Lightning
    Diversification and other businesses Electrical
    Metallic
    Polymer
    Nature of business Automotive components
    main business Automotive components
    Electrical
    other businesses. Metallic
    Polymer
    Automotive lighting products Electrical – Electronic components
    Product profile
    Polymer components Metallic components
    No. of Patents/ Trade Marks/ Copy Rights 271
    Market capitalization in India or abroad INR 5,349 crore
    Latest Launch of Products [2017-19] EV chargers for Canada-based Delta-Q
    CSR [Corporate Social Responsibility]
    Initiatives/Philanthropy
    Total Size of Balance Sheets of 2021 2020 2019
    Total Assets 2294.66 1538.32 1366.96
    3 years Total Liabilities 2294.66 1538.32 1366.96
    Corporate Governance Issues at company none
    Global Ranking 6th among its top 10 competitors
    Litigations none

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