Varroc was established by Tarang Jain in 1990, in Aurangabad, India with the commencement of the company's polymer division. Between 1992 and 1998, the company focused on product diversification and capacity expansion and started its electrical and metallic division. Varroc started more polymer manufacturing facilities in 1997 in Pune and Aurangabad.[3]
In 2001, Varroc expanded its development capabilities by collaborating with Mitsuba Corporation, a Japanese manufacturer of automobile parts.[4] The company collaborated with Brussels based materials technology company, Umicore, in 2005 and started production of automotive catalytic converter.
In 2011, Varroc acquired European two wheelers lighting organization Tri.O.M. S.p.A. including its R&D center. In 2012, Varroc's turnover crossed the US$1 billion mark with the acquisition of Visteon's Lighting Business along with its two R&D centers.[6][7][8]
Triom Two-Wheeler Lighting, the lighting system arm of Varroc for the two-wheeler industry, develops electronics and lighting solutions[buzzword] for the automotive market in India and Europe. The division produces high quality two-wheeler lighting systems. It has four manufacturing plants – two in Europe, one in Vietnam, and one in Mexico – as well as an engineering center in Italy.[7]
Varroc's Electrical division offers complete solutions[buzzword] in electrical components and assemblies for the two, three, four wheeler, off-road as well as commercial vehicles segments. The division has five manufacturing facilities located in the states of Maharashtra and Uttarakhand.[14] Tier 1 auto component manufacturer which supplies to leading OEMs both in India and overseas, has clarified its position on the patent violation allegations levelled by Flash Electronics India against Royal Enfield in the US regarding production of a key component for two-wheelers/motorcycles.[15]
Varroc polymer provides solutions[buzzword] to the automotive segments. The division produces a wide range of injection and compression moulded automotive and allied rubber components. Varroc is the largest polymer solution[buzzword] provider to the two-wheeler industry in India.[9]
India Automotive Lighting Technology Innovation Leadership Award” at the Frost & Sullivan’s GIL 2016: India Awards.[17]
Environmental Youth of the Year award 2016 for implementing green initiatives from Clean & Green India jointly with SingEX, Singapore and Franchise India.[18]
Kaizen Award in Innovative Kaizen Category during 26th CII–TPM Club National Kaizen Conference Cum Competition held at New Delhi.[19]
Best Supplier Award 2015 from Danfoss for best performance in quality and delivery to multiple Danfoss global locations & proactive planning for keeping commitments.[20]
