ANAND Group India - Comprehensive Analysis Report

Summary

ANAND Group, established in 1961, is a prominent Indian automotive industry company specializing in the manufacture and supply of automotive systems and components. Founded by Deep C Anand, the group comprises 23 companies, including joint ventures and technical collaborations, operating across numerous locations in India. ANAND is dedicated to a cleaner and greener future through its cleantech platform, ANEVOLVE, and also provides luxury experiences through its hospitality vertical, SUJÁN.

1. Strategic Focus & Objectives

Core Objectives

Manufacture world-class products and systems for the automotive industry.

Focus on innovation and technologically advanced solutions.

Committed to a cleaner and greener future with its cleantech platform ANEVOLVE.

Support the Central government's Atmanirbhar Bharat plan for self-reliance in manufacturing.

Specialization Areas

Chassis

Emission control

Powertrain

Safety

EV products

Thermal management

Target Markets

Automotive industry, including original equipment manufacturers (OEMs) and the aftermarket segment.

Focuses on both electric vehicles (EVs) and internal combustion engine (ICE) vehicles.

Aims to be a leader in the Indian aftermarket segment through a widespread distribution network.

2. Financial Overview

Funding History

ANAND Group has not raised any funding yet.

The group has a turnover of approximately ₹10,000 Crores (US$1.3 Billion).

The group has a revenue of $2.2 billion.

In January 2014, ANAND Group reported total sales of ₹5,800 crore from 47 manufacturing facilities .

3. Product Pipeline

Key Products/Services

Sunroof Systems: Expanding manufacturing capabilities.

Electronic Power Steering: Expanding manufacturing capabilities.

Integrated Dynamic Brake System: Expanding manufacturing capabilities.

E-Motors for two-wheeler applications: Expanding manufacturing capabilities.

4. Technology & Innovation

Technology Stack

Focused on light-weighting and enhancing the efficiency of transmissions or powertrains.

Proprietary developments

Structural composite materials.

Scientific methodologies

Lightweighting solutions.

Technical capabilities

Aims to reduce consumption of energy in ICE and EVs by up to 18 percent through collaboration with Mazaro.

5. Leadership & Management

Executive Team

Anjali Singh: Executive Chairperson of ANAND Group.

Mahendra K Goyal: Group President & Co-Chief Operating Officer.

Manoj Kolhatkar: Group President & Co-Chief Operating Officer.

Jagdish Kumar: Group President & Chief Financial Officer.

Sunil Kaul: Group President & Chief Technology Officer.

S Sarathi: Group President & Chief Compliance Officer.

Vasudevan Raghavachari: Chief Marketing Officer.

Rishi Luharuka: Chief Financial Officer.

Prashant Shah: Sr. Vice President - HEAD Sourcing & Supply Chain Management.

Amitabh Srivastava: Chief Operating Officer - Aftermarket Business Unit and Railways Business Unit.

Anand Dinkar Sontakke: President and Chief Operating Officer.

Vinod Razdan: Chief Human Resources Officer.

Mohit Srivastava: Chief Financial Officer.

Recent Leadership Changes

In January 2021, Deepak Chopra retired as Group CEO and joined the Group Supervisory Board.

As of January 15, 2021, Anjali Singh was appointed Chairperson of a re-constituted ANAND Executive Board.

Jaisal Singh was appointed Vice-Chairman of a re-constituted ANAND Executive Board.

Sunil Kaul was appointed the group's Chief Technology Officer.

S. Sarathi was appointed as Chief Compliance Officer.

6. Competitive Analysis

Major Competitors

Gabriel India

Valeo

Magna

7. Market Analysis

Market Overview

Global leader in manufacturing products for the automotive industry.

Considerable market share in the Indian aftermarket segment.

Extensive product range through its widespread national distribution network.

8. Strategic Partnerships

Recent collaborations include:

HL Group

Mazaro

Joyson Safety Systems

Mando Corporation

Dana Incorporated

Mahle GmbH

Henkel AG & Co. KGaA

Haldex AB

9. Operational Insights

Diversified business with joint ventures and technical collaborations.

Focused on innovation, research and development, and advanced manufacturing facilities.

10. Future Outlook

Strategic Roadmap

Committed to leveraging advanced technology to meet the growing demand for both electric vehicles (EVs) and internal combustion engine (ICE) vehicles.