Hector Fratty

Varroc are a relatively new company, founded in India in 1990 by the current Managing Director Tarang Jain with their father Naresh Chandra as Chairman and non-executive Director. The company started activities with plastic parts, then electrical and metallic parts for the Indian transport industry—particularly for two-wheelers—then extended their activity to lighting in India, still mainly for two- and three-wheelers, this being still today in India their core business for lighting.
Varroc are currently the two-wheeler lighting leader in India. Global sales of Varroc group in FY17-18 are at €1.24bn, supported by 36 plants and 16 R&D Centres round the world.

For the lighting business which is now the main activity of Varroc Group with 61% of sales, the main development occurred in 2012 with the acquisition of the lighting activities of Visteon, boosting at that time the global turnover of Varroc Lighting above $1bn and allowing them to become a major participant in the international vehicle lighting industry.

Varroc Lighting had strong growth during the last five years at +14% per year, but with an acceleration in the last quarter reported at +28% thanks to internal growth and acquisitions. Varroc’s lighting market share is around 4% worldwide, and Varroc say they’re currently the 6th lighting set maker worldwide, targeting to rise to third or fourth. Varroc still hold the strong positions with customers held before by Visteon, particularly with Ford and Jaguar Land Rover (photo).