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
Locked
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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.
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.
People of Varroc
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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.
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.
| 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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Corporate advisory services are provided across multiple sectors.
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Commercial banking services are offered to corporate and retail customers.
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Investor details for Varroc
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Investments & Acquisitions by Varroc
Varroc has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CarIQ, Hiker and Triom Spa.
Investment portfolio details for Varroc
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- Transaction dates
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| 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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Locked | Locked | 2013 | Locked | |
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Multiple automotive aftermarket accessories are manufactured by Hiker in India.
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Locked | Locked | 2000 | Locked | |
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Lighting is produced for motorcycles, sports, and luxury cars.
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Locked | Locked | 1977 | Locked |
Complete acquisition details for Varroc
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Financial Statements - Varroc
Detailed financials for Varroc
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Varroc Comparisons
Peer comparison for Varroc
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Competitors of Varroc
Detailed competitors of Varroc
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Latest news on Varroc
Complete news archive for Varroc
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Frequently Asked Questions about Varroc
Varroc was founded in 1988 and raised its 1st funding round 26 years after it was founded.
Varroc is headquartered in Aurangabad, India. It is registered at Aurangabad, Maharashtra, India.
Tarang Jain is the current CEO of Varroc. They have also founded this company.
Varroc is a funded company, having raised a total of $50.12M across 4 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Varroc is 27,600.
Annual revenue of Varroc is $943.77M as on Mar 31, 2025.
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.
Varroc offers Lighting Solutions and Advanced Safety Solutions.
Yes, Varroc is publicly traded on NSE under the ticker symbol VARROC.
Varroc has 3 investors. Key investors include Kotak Mahindra Bank, EBRD, and Tata Opportunities Fund.
The ticker symbol of Varroc is VARROC on NSE.