As he prepares to take Varroc Engineering public, Tarang Jain joins twin brother Anurang on the 2018 Forbes World's Billionaires List
Tarang Jain bought a one-way ticket from Mumbai to Aurangabad in 1984 and in hindsight feels it was the right decision
Image: Mexy Xavier
In August 2012, Tarang Jain had his most consequential chance at hitting the big league. Almost six years on, it’s clear he’s made the most of it.
Varroc Engineering, the company he founded in 1990, had completed the acquisition of Visteon’s global lighting business. Visteon Corp is an American global automotive electronics supplier that was spun off from Ford Motor Company in 2000. Jain, now 56, had to play a delicate balancing act. A misstep would have cost him dearly, perhaps even sunk the company.
Varroc aims to move up to the third position, from sixth currently, in the global lighting space.
(This story appears in the 27 April, 2018 issue of Forbes India. To visit our Archives, click here.)