Varroc Group appoints new CFO

Aurangabad based tier 1 supplier Varroc Group has appointed T R Srinivasan as its Chief Financial Officer (CFO). Srinivasan takes over charge from B Padmanabhan, who has retired after a 10-year long stint. Srinivasan worked with the Alliance Tire Group for six years before taking on the new role at Varroc Group. He holds an MBA (Finance) degree holder from IIM Calcutta. 

The 26-year old Varroc Group, which clocked a turnover of $1.5 billion or Rs. 9475 crore during 2016-17, has been investing in new technologies and products to enhance competitiveness and expand its customer base. The Group aims to grow into a $4 billion or nearly Rs. 26,000 crore enterprise with a globally diversified business in the transportation and allied industry by 2020.