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Home arrow Auto component arrow Anand group plans capital expenditure of Rs 1400 crores between 2010 to 2014
Anand group plans capital expenditure of Rs 1400 crores between 2010 to 2014 Print E-mail
Written by Ganesh   
Tuesday, 23 November 2010
New Delhi: The Anand group, a manufacturer of automotive systems and components, plans to make a capital expenditure of Rs.1400 crores to aid its organic growth process. The company expects to register a turnover of Rs 9,000 crores by 2014, from it's current turnover of 4200 crores. The group will achieve this target purely from its organic growth.

"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," said Deepak Chopra, CEO, Anand.

"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," he added.

Anand’s 19 companies include Gabriel India 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.

"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," he said. 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.

The Group, which currently has 19 companies spread across 44 locations in the country, recorded a sales turnover of USD 700 Million in 2009, with a target to achieve $ 2 billion by 2014.

 
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