About Varroc
Varroc is a company based in Aurangabad (India) founded in 1988 by Tarang Jain.. Varroc has raised $50.12 million across 4 funding rounds from investors including Kotak Mahindra Bank, EBRD and Tata Opportunities Fund. The company has 27,600 employees as of March 31, 2024. Varroc has completed 3 acquisitions, including CarIQ, Hiker and Triom Spa. Varroc offers products and services including Lighting Solutions and Advanced Safety Solutions.
- Headquarter Aurangabad, India
- Employees 27600 as on 31 Mar, 2024
- Founders Tarang Jain
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Varroc Engineering Limited
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Annual Revenue
$943.77 M (USD)8.82as on Mar 31, 2025
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Net Profit
$7.17 M (USD)-88.36as on Mar 31, 2025
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EBITDA
$80.65 M (USD)11.27as on Mar 31, 2025
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Total Equity Funding
$50.12 M (USD)
in 4 rounds
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Latest Funding Round
$16.27 M (USD), Debt – Conventional
Feb 24, 2020
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Investors
Kotak Mahindra Bank
& 2 more
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Employee Count
27600
as on Mar 31, 2024
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Investments & Acquisitions
CarIQ
& 2 more
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IPO & Listings of Varroc
Varroc is a publicly listed company on the NSE with ticker symbol VARROC in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Varroc
Varroc offers a comprehensive portfolio of products and services, including Lighting Solutions and Advanced Safety Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lighting systems for vehicles are manufactured by Varroc to support safe and efficient mobility.
Advanced safety features, such as blind spot detection and mirrors, are developed by Varroc for integration into vehicles.
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Software Development Team
34 people
Human Resources and Administration
19 people
Senior Team
16 people
Product Management Team
11 people
Leadership Team
11 people
Sales and Marketing
8 people
Finance and Accounting
8 people
Creative and Marketing Team
5 people
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Funding Insights of Varroc
Varroc has successfully raised a total of $50.12M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $16.27 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $16.3M
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First Round
First Round
(03 Apr 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Debt – Conventional - Varroc | Valuation |
investors |
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| Sep, 2018 | Amount | Debt – Conventional - Varroc | Valuation |
investors |
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| Feb, 2017 | Amount | Debt – Conventional - Varroc | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Varroc
Varroc has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Kotak Mahindra Bank, EBRD and Tata Opportunities Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment fund managing portfolios in sectors like finance, logistics, and engineering in India.
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Founded Year | Domain | Location | |
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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to corporate and retail customers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Varroc
Varroc has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CarIQ, Hiker and Triom Spa. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vehicle diagnostics solutions are delivered via a SaaS-based OBD platform.
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2013 | ||||
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Multiple automotive aftermarket accessories are manufactured by Hiker in India.
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2000 | ||||
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Lighting is produced for motorcycles, sports, and luxury cars.
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1977 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Varroc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varroc Comparisons
Competitors of Varroc
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Varroc
Frequently Asked Questions about Varroc
When was Varroc founded?
Varroc was founded in 1988 and raised its 1st funding round 26 years after it was founded.
Where is Varroc located?
Varroc is headquartered in Aurangabad, India. It is registered at Aurangabad, Maharashtra, India.
Who is the current CEO of Varroc?
Tarang Jain is the current CEO of Varroc. They have also founded this company.
Is Varroc a funded company?
Varroc is a funded company, having raised a total of $50.12M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $11.97M, raised on Apr 03, 2014.
How many employees does Varroc have?
As of Mar 31, 2024, the latest employee count at Varroc is 27,600.
What is the annual revenue of Varroc?
Annual revenue of Varroc is $943.77M as on Mar 31, 2025.
What does Varroc do?
Varroc was founded in 1988 in Aurangabad, India. Components for the automotive sector are produced, encompassing exterior lighting systems, electrical and electronic elements, polymer and plastic parts, metallic forgings, and powertrain assemblies. These items are designed for two-wheelers, three-wheelers, passenger cars, commercial vehicles, and off-highway applications. Manufacturing operations are centered in India with a focus on global vehicle markets.
What products or services does Varroc offer?
Varroc offers Lighting Solutions and Advanced Safety Solutions.
Is Varroc publicly traded?
Yes, Varroc is publicly traded on NSE under the ticker symbol VARROC.
How many acquisitions has Varroc made?
Who are Varroc's investors?
Varroc has 3 investors. Key investors include Kotak Mahindra Bank, EBRD, and Tata Opportunities Fund.
What is Varroc's ticker symbol?
The ticker symbol of Varroc is VARROC on NSE.