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Article: India: Amara Raja to set up holding company.
- Article from:
- TendersInfo
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: prashant03
In what is seen as a significant move to facilitate transparency in the induction of GenNext into the family business, the Hyderabad-based Amara Raja group of Gallas is embarking on a host of initiatives that will include, among others, the setting up of a holding company and creation of a business code for family members.
The group has just breached the Rs. 1,400-crore turnover mark and is hoping to scale the $2-billion mark in five years. The flagship company of the group, Amara Raja Batteries Ltd. (ABL), a leading maker of industrial and automotive batteries, alone has crossed the Rs. 1,000-crore turnover mark during 2007-08. ABL ...