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CORPORATE: Amara Raja Group to realign biz, set up holding co.
from BUSINESS LINE, August 06, 2008 Chennai, Aug. 5 - The Amara Rajagroup has decided to recast targets besides realigning businesses by setting up a holding company. Apart from Amara Raja Batteries Ltd (ARBL), the group includes Amara Raja Power Systems, Amara Raja Electronics, Mangal Precision, Galla Foods and Amara Raja Infra.
At an informal chat, Mr Jaydev Galla, Managing Director, Amara Raja Batteries, said the group's turnover crossed the Rs 1,400-crore mark. It hopes to reach a turnover of Rs 10,000 crore in five years. About half of the revenue will come from the group's flagship company ARBL, he indicated.
Each company of the group would be a Rs …
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