Endurance Technologies takes home the title of most innovative, disruptive and revolutionary technology - Bollyinside

2022-05-14 23:42:13 By : Ms. Bella Tian

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At Moneycontrol Pro’s Indian Family Business Awards 2021, held in Mumbai, Endurance Technologies was named the most inventive, disruptive, and revolutionary firm. On April 29, the company earned the award in the ‘giga’ category, which includes businesses with annual revenues of more than Rs 5,000 crore. Over the last two decades, the Aurangabad-based car component maker has collaborated with major global vehicle firms such as Honda Motorcycles, Daimler, BMW, Fiat, Porsche, and Audi to develop innovative products and technology for the Indian and global markets.

Between 2016-17 and 2020-21, Endurance Technologies reported a 4 percent compound annual growth rate for its topline and a 12 percent CAGR for its bottomline. In 2018-19, the company had reported a bottomline of Rs 733.45 crore on revenues of Rs 7,510.23 crore. In 2020-21, due to the COVID-19 pandemic, its bottomline fell to Rs 647.03 crore on revenues of Rs 6,547.78 crore.

Honda Motorcycles presented the company with the new product development award in 2019. Currently, India’s largest aluminium die-casting corporation has 27 manufacturing facilities: 18 in India and 9 in Europe. It has a workforce of 3,800 employees. The company was founded by Anurang Jain with two aluminum die-casting machines in 1985. Since then, it has set up 27 manufacturing facilities, strategically located near automotive original equipment manufacturers (OEMs).