Anand Group Explained

ANAND Group
Foundation:1961
Founder:Deep C Anand
Key People:[1]
Location City:1, Sri Aurobindo Marg, Hauz Khas, New Delhi, India
Homepage:www.anandgroupindia.com
Industry:Automotive[2]

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

ANAND Group was founded by Deep C Anand, and named after the founder. The company manufactures automotive components. 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

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]

History

2005 – Mahle swaps with Anand Group to form automotive filter conglomerate[6]

2009 – Takata Corporation engaged with ANAND Group to produce the Safety systems.[7] [8] [9]

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

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

2014 – January – ANAND Group with 47 facilities manufacturing various types of auto components achieved total sales of ₹5,800 crore.[12]

2015 – March – Auto component suppliers 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]

2017 – A technical assistance agreement was signed between Seiken Chemical Industry and Ansysco ANAND [14]

2019 – ANAND Group signs JV with Joyson Safety Systems [15]

2020 – ANAND Group Announces Collaboration with FAR and Mazaro[16]

2021 – ANAND Group and Mando Corporation prepare to supply motor and controller for the emerging 2/3-Wheeler electric vehicle market.[17]

External links

Notes and References

  1. Web site: ANAND announces significant leadership changes. 22 September 2020.
  2. Web site: ANAND Group aims to delight customers . https://archive.today/20130917051020/http://autocarpro.in/contents/specialReportDetails.aspx?SpecialReportID=45 . dead . 17 September 2013 . 17 September 2013 .
  3. Web site: ANAND group official website. 17 September 2013.
  4. News: Auto parts company ANAND Group and its rare business model of JVs. 17 September 2013 . The Times Of India. 13 May 2012.
  5. News: The Flagship Company, Gabriel India Pvt Ltd. 17 December 2014 . The Economic Times. 29 September 2014.
  6. Web site: INDIA: Mahle swaps with Anand Group to form automotive filter conglomerate. 6 December 2005. www.just-auto.com.
  7. Web site: Takata in pact with ANAND Automotive System. 17 September 2013.
  8. Web site: Takata JV with ANAND Automotive. 17 September 2013.
  9. News: Takata in JV pact with ANAND Automotive. 17 September 2013 . The Times Of India. 5 January 2009.
  10. News: ANAND Automotive has invested in Non-Automotive Businesses. 25 September 2013 . The Times Of India. 13 May 2012.
  11. News: ANAND Automotive to invest Rs 1,200 crore in the next 5 years. 22 September 2013 . The Times Of India. 5 September 2013.
  12. News: ANAND Group acts to emerge unscathed. 28 January 2014 . The Times Of India.
  13. News: Anand Group, Federal-Mogul announce formation of two new JVs. 21 September 2015 . The Economic Times.
  14. Web site: Ansysco Anand signed a Technical Assistance Agreement with SEIKEN. www.indiatimes.com. indiatimes.com.
  15. Web site: Anand Group partners with Joyson Safety Systems. www.indiatimes.com. indiatimes.com.
  16. Web site: ANAND Group Announces Collaboration with FAR and Mazaro. autotechreview.com. autotechreview.com.
  17. Web site: ANAND Group sets up JV with Mando Steering to produce parts for E- 2,3Ws. www.indiatimes.com. indiatimes.com.