(November 18, 2010)
Organic Growth alone contributing to turnover of Rs. 9000 crores from current turnover of 4200 crores.
Rs 1400 Crores to be ploughed in by way of capital expenditure between 2010 to 2014.
One of India’s leading Automotive Components & Systems groups with the widest range of products, the Anand group, is expecting to register a turnover of Rs 9,000 crores by 2014. Anand plans to make a capital expenditure of Rs.1400 crores to aid its organic growth process. The group, which currently has 19 companies spread across 44 locations in the country, will achieve this target purely from its organic growth. Though Automotive is the mainstay of the group – it also operates in the Industrial, Infrastructure and Hospitality sectors.
With 14 Joint ventures and 8 Technical licences, Anand is also known for its global partnerships and strategic alliances with World Leaders of the automotive industry.
Mr. Deepak Chopra, CEO, Anand, said “Anand is among India’s leading Automotive component and systems companies, supplying to virtually every vehicle and engine manufacturer in the country and known for its successfully managed joint ventures, mostly with global leaders. For its future, the group will actively deploy both organic and inorganic growth strategies. I am pleased to say, our organic growth alone will account for our goal of a Rs.9000 crore turnover by 2014. We will also be deploying a capital expenditure of Rs.1400 crores in the next 4 years.”
Our inorganic growth will be additional to this target and we are confident of succeeding on the roadmap we have set for the group.”
Anand’s 19 companies include Gabriel India (BSE: 505714) as its Flagship company, Behr India Limited, Chang Yun India Limited, CY Myutec Automotive India Private Limited, Faurecia Emission Control Technologies, Federal-Mogul Bearings India Limited, Haldex India Limited, Henkel Teroson India Limited, MAHLE Filter Systems India Limited, Mando India Limited, Perfect Circle India Limited, Spicer India Limited, Takata India Pvt Limited, Valeo Friction Materials India Limited, Victor Gaskets India.
Its Industrial and infrastructure companies include Camfil Farr Air Filtration India Limited and Degrémont Limited and SUJAN Luxury Hotels, a high-end company representing its Hospitality vertical.
About Anand
Anand is among India’s leading manufacturers of automotive systems and components with a record for supplying virtually every vehicle and engine manufacturer in the country. With the largest range of automotive components, the Group recorded a sales turnover of USD 700 Million in 2009, with a target to achieve $ 2 billion by 2014.
Anand began operations in 1961 with the establishment of Gabriel India, the Group's flagship Company in Mumbai for the production of Shock absorbers. Today, the Group comprises nineteen companies with 44 manufacturing locations spread across nine states of the country.
The strength of the Anand companies lies in their strong brand image, widespread distribution network, product range, excellent quality, extensive original equipment coverage, export markets, its cellular manufacturing and JIT Systems, technology upgradation and international partnerships.
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