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Anand Group

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ANAND Group
IndustryAutomotive[1]
Founded1961
FounderDeep C Anand
Headquarters
1, Sri Aurobindo Marg, Hauz Khas, New Delhi, India
Key people
[2]
Websitewww.anandgroupindia.com

ANAND Group is an Automotive Industry company, with headquarters in Delhi, India.[3] It manufactures as well as supplies automotive systems and components.[4]

Overview

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ANAND Group was founded by Deep C Anand, and named after the founder. The company manufactures automotive components.[3] The company is responsible for introducing different kinds of automotive equipments into the Indian market.[4] Mrs. Anjali Anand Singh is the Chairperson OF ANAND Group India and Gabriel India Limited (The Flagship Company).[5]

The Evolution

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The history of ANAND dates back to 1961, when Mr Deep C Anand, Founder of ANAND and Chairman of the Deep C Anand Foundation, set up his first business venture – Gabriel India. The flagship company of the Group, Gabriel was set up in collaboration with Maremont Corporation (now Gabriel Ride Control Products of ArvinMeritor Inc.), USA for manufacture of shock absorbers at Mulund in Mumbai.[5][3]

History

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Auto Expo 2014
Gabriel[clarification needed]

In 2005, Mahle and the ANAND Group restructured their partnership, resulting in the formation of an automotive filter conglomerate.[6]

In 2009, the Japanese company Takata Corporation began a collaboration with ANAND Group to manufacture safety Safety systems.[7][8][9]

By 2012 ANAND Automotive invested in non-automotive businesses such as high-end hospitality.[10]

In 2013, ANAND Automotive decided to invest ₹1,200 crores over the next five years on new product development.[11]

By January 2014, the ANAND Group operated 47 manufacturing facilities producing various automotive components and reported total sales of ₹5,800 crore.[12]

In March 2015 Anand India and Federal-Mogul Powertrain entered into an agreement to convert the sealing and piston ring businesses of Anand into joint venture (JV) operations.[13]

In 2017 the company signed technical assistance agreement with Seiken Chemical Industry. [14]

This was followed by the establishment of a joint venture between ANAND Group and Joyson Safety Systems in 2019.[15]

In 2020, the company announced new collaborations with FAR and Mazaro.[16]

In 2021, ANAND Group and Mando Corporation began preparations to supply motors and controllers for the emerging two- and three-wheeler electric vehicle market.t.[17]

References

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  1. ^ "ANAND Group aims to delight customers". Archived from the original on 17 September 2013. Retrieved 17 September 2013.
  2. ^ "ANAND announces significant leadership changes". Retrieved 22 September 2020.
  3. ^ a b c "ANAND group official website". Retrieved 17 September 2013.
  4. ^ a b "Auto parts company ANAND Group and its rare business model of JVs". The Times Of India. 13 May 2012. Archived from the original on 21 September 2013. Retrieved 17 September 2013.
  5. ^ a b "The Flagship Company, Gabriel India Pvt Ltd". The Economic Times. 29 September 2014. Retrieved 17 December 2014.
  6. ^ "INDIA: Mahle swaps with Anand Group to form automotive filter conglomerate". www.just-auto.com. 6 December 2005.
  7. ^ "Takata in pact with ANAND Automotive System". Retrieved 17 September 2013.
  8. ^ "Takata JV with ANAND Automotive". Retrieved 17 September 2013.
  9. ^ "Takata in JV pact with ANAND Automotive". The Times Of India. 5 January 2009. Archived from the original on 14 May 2014. Retrieved 17 September 2013.
  10. ^ "ANAND Automotive has invested in Non-Automotive Businesses". The Times Of India. 13 May 2012. Archived from the original on 21 September 2013. Retrieved 25 September 2013.
  11. ^ "ANAND Automotive to invest Rs 1,200 crore in the next 5 years". The Times Of India. 5 September 2013. Archived from the original on 12 May 2014. Retrieved 22 September 2013.
  12. ^ "ANAND Group acts to emerge unscathed". The Times Of India. Retrieved 28 January 2014.
  13. ^ "Anand Group, Federal-Mogul announce formation of two new JVs". The Economic Times. Retrieved 21 September 2015.
  14. ^ www.indiatimes.com. "Ansysco Anand signed a Technical Assistance Agreement with SEIKEN". indiatimes.com.
  15. ^ www.indiatimes.com. "Anand Group partners with Joyson Safety Systems". indiatimes.com.
  16. ^ autotechreview.com. "ANAND Group Announces Collaboration with FAR and Mazaro". autotechreview.com.
  17. ^ www.indiatimes.com. "ANAND Group sets up JV with Mando Steering to produce parts for E- 2,3Ws". indiatimes.com.
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