Tarang Jain

$1.00 B

Ranked #2124 in World

About Tarang Jain

Tarang Jain, an Indian billionaire and industrialist, drives Varroc as its CEO, controlling 86% of the company, a key player in producing components for two- and four-wheelers. Born between 1962 and 1963 into a family deeply rooted in the automotive industry—his mother, Suman, is the sister to Rahul Bajaj, and his father, Naresh Chandra Jain, laid the foundation of Varroc. Besides, his identical twin, Anurang Jain, oversees Endurance Technologies. Tarang's academic journey encompasses a bachelor's degree from the University of Mumbai followed by an MBA from IMD Business School, Switzerland. In 2012, under his leadership, Varroc expanded by acquiring Visteon's global lighting business for $90.5 million. Tarang, alongside his wife and two children, resides in Aurangabad, continuing his significant contributions to India's automotive sector.

Born

March 21, 1962 in Aurangabad, Maharashtra, India

Age

64 years

Source Of Wealth

Auto Components

Industries

Manufacturing

Citizenship

India

Residence

Aurangabad

Education

Bachelor of Commerce, Bombay University; Master of Business Administration, IMD

Children

Tarang Jain was born in 1962 or 1963 in India. His mother, Suman, is the sister of Rahul Bajaj, the former chairman of the Bajaj Group. His father, Naresh Chandra Jain, founded Varroc, an Indian two- and four-wheeler parts manufacturer. Tarang Jain has an identical twin brother named Anurang Jain, who runs Endurance Technologies.

Tarang Jain: Family

Tarang Jain is married with two children. He lives in Aurangabad, India.

Tarang Jain: Career Highlights

Tarang Jain founded Varroc in 1990. Under his leadership, the company has grown into a global leader in the automotive components industry. In 2012, Varroc acquired Visteon's global lighting interests for $90.5 million. This acquisition significantly expanded Varroc's product portfolio and made it a major player in the automotive lighting market.

Tarang Jain: Companies

Tarang Jain is the CEO and 86% owner of Varroc. Varroc is an Indian two- and four-wheeler parts manufacturer. The company has a global presence with operations in over 15 countries.

Tarang Jain: Major Achievements

Tarang Jain has led Varroc to become a global leader in the automotive components industry. He has also been recognized for his contributions to the Indian economy. In 2019, he was awarded the Padma Shri, one of India's highest civilian honors.

Tarang Jain: Awards & Achievements

Tarang Jain has received numerous awards and recognitions for his contributions to the automotive industry. Some of his notable awards include:

Padma Shri (2019)
Ernst & Young Entrepreneur of the Year (2018)
Automotive Component Manufacturer of the Year (2017)
Global Automotive Supplier of the Year (2016)

Tarang Jain: Personal Life & Legacy

Tarang Jain is a private person who rarely gives interviews. He is known for his dedication to his work and his commitment to excellence. He is also a philanthropist who supports various charitable causes.

Tarang Jain: Trivia

Tarang Jain is an avid golfer.
He is a fan of classical music.
He speaks English, Hindi, and Marathi fluently.

Wealth History

Timeline

1962/1963

Tarang Jain was born.

1990

Tarang Jain founded Varroc.

2012

Varroc acquired Visteon's global lighting interests for $90.5 million.

Tarang Jain : FAQs

What is Tarang Jain's net worth?

As of 2018, Tarang Jain's net worth was $1.00 billion.

What are Tarang Jain's main sources of wealth?

Tarang Jain's main source of income comes from Auto Components.

In which industry does Tarang Jain primarily operate?

Tarang Jain is primarily involved in the Manufacturing industry.

What is Tarang Jain educational background?

Tarang Jain holds a Bachelor of Commerce from Bombay University and a Master of Business Administration from IMD.

How old is Tarang Jain?

Tarang Jain is 64 years old.

How many children does Tarang Jain have?

Tarang Jain has 2 children.

Who is Tarang Jain and what is his significance in the business world?

Tarang Jain, born in 1962/1963, is an Indian billionaire businessman known for being the CEO and 86% owner of Varroc, a leading Indian manufacturer of parts for two- and four-wheel vehicles.

How is Tarang Jain related to the well-known Bajaj family?

Tarang Jain is closely related to the Bajaj family through his mother, Suman, who is the sister of Rahul Bajaj, making him a part of one of India's most prominent industrial families.

What notable achievement did Tarang Jain accomplish with Varroc?

One of Tarang Jain's significant achievements with Varroc was acquiring Visteon's global lighting interests in 2012 for $90.5 million, marking a significant expansion in the company's portfolio.

Can you provide some insights into Tarang Jain's personal life?

Tarang Jain is married with two children and resides in Aurangabad, India, showcasing a balance between his entrepreneurial success and family life.