#1815

Anurang Jain

India 64 years old Self-Made

Overview

Source of Wealth
Auto parts
Industry
Manufacturing
Residence
Aurangabad
Marital Status
Married
Children
2

Assets

  • Bajaj Auto
    157,596 shares @ -
    -
    532977-IN
  • Bajaj Finance
    13,470 shares @ -
    -
    500034-IN
  • Bajaj Finserv
    1,632,000 shares @ -
    -
    532978-IN
  • Bajaj Holdings & Investment Ltd.
    155,000 shares @ -
    -
    500490-IN
  • Endurance Technologies
    71,697,000 shares @ -
    -
    540153-IN

Biography

The late motorcycle tycoon Rahul Bajaj's nephew Anurang Jain started Endurance Technologies in 1985 to supply aluminum castings to his uncle's Bajaj Auto.

Jain owns a majority stake in Endurance, which supplies parts for two-wheelers and three-wheelers in India and car parts in Europe.

Endurance has 18 factories in India and 9 in Europe.

Jain made news when he bought two apartments in 2020 for $14 million in a Mumbai luxury high-rise, close to Mukesh Ambani's residence.

About

Jain's twin Tarang runs his own auto components firm called Varroc Engineering.

Their father Naresh Chandra was chairman of both the companies but retired in 2020.