Varroc Engineering (VEL) founded in 1988, is second largest Auto component group with the global footprint. The company primarily has two business lines 1) Varroc Lighting System (VLS) sixth largest player in the global exterior Auto lighting catering to the PV OEMs (accounts for 61% of revenues) & 2) Varroc India business which includes three segments namely - Polymer, Electrical & Metallic catering to 2W, 3W, PV, CV & OHV (accounts for 32.5% of its FY18 revenue). It has low cost strategically located global manufacturing footprint (36 locations) & in-house R&D; capabilities. VEL has long standing...