Tarang Jain
Tarang Jain | |
|---|---|
| Born | 1962/1963 India |
| Nationality | Indian |
| Occupation(s) | Entrepreneur, CEO |
| Known for | CEO and majority stakeholder of Varroc |
| Notable work | Expansion of Varroc including acquisition of Visteon's global lighting division |
Tarang Jain (born 1962/1963) is an Indian billionaire entrepreneur, serving as the CEO and holding an 86% stake in Varroc, a prominent manufacturer of components for two- and four-wheeler vehicles in India.
As of October 9, 2024, Tarang Jain along with his family was positioned 88th on Forbes' ranking of India's 100 wealthiest individuals, with an estimated net worth of US$3.65 billion.
Early life and education
Tarang's mother, Suman, is the sister of the industrialist Rahul Bajaj. His father, Naresh Chandra Jain, was the founder of Varroc. Tarang has an identical twin brother, Anurang Jain, who is at the helm of Endurance Technologies, another company specializing in automotive components.
He earned a bachelor's degree from the University of Mumbai and completed his MBA at the IMD Business School in Lausanne, Switzerland.
Career
In 1990, Jain established Varroc. A major expansion occurred in 2012 when he purchased Visteon's global lighting division—the sixth-largest worldwide—for $90.5 million, greatly enhancing Varroc's presence in automotive lighting.
Personal life
Jain lives in Aurangabad, India, with his wife and two children.