Mumbai, December 21, 2012: The Aurangabad-based Varroc Group’s managing director Tarang Jain has been named Man of the Year by Autocar Professional.
The 50-year old first-generation entrepreneur was awarded the title for more than meeting his target of taking the Varroc Group to a high of Rs 4,000 crore in annual revenue by 2012. The twin acquisitions of Italy-based two-wheeler lighting major Triom and, subsequently, Visteon’s exterior lighting business have catapulted Varroc to an annualised turnover of over Rs 7,500 crore today, along with the host of prestigious global two-wheeler and four-wheeler clients that came its way along with the new entities.
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The other newsmakers for the year are:
Michael Perschke: Head, Audi India
Karl Slym: Managing Director, Tata Motors
Marc Nassif: Managing Director, Renault India
Pawan Goenka: President – Automotive & Farm Equipment Sectors, Mahindra & Mahindra.
Philippe Varin: Chairman, PSA Peugeot Citroën
Pranab Mukherjee: Former Finance Minister and currently President of India
Siddhartha Lal: Managing Director and CEO, Eicher Motors