Ajanta Group Explained

Trading Name:Ajanta Manufacturing Private Limited
Type:Private
Founder:Odhavaji Raghavji Patel
Hq Location:Ahmedabad, Gujarat, India
Key People:Jaysukh Patel (Managing Director)
Revenue:₹800 Crore
Num Employees:5000 (2022)

Ajanta Group or Oreva Group (stylized as OREVA) [1] is a diversified Indian conglomerate, active in textiles, transport, construction equipment, and machinery.[2]

History

The company was founded by Odhavaji Raghavji Patel in 1971. It is known for the manufacturing clocks.

In 2008, the company unsuccessfully tried to enter the automotive industry with the Oreva Super, a low-cost electric car.[3] [4] It was dubbed "Tata Nano-Killer," reportedly costing less than INR100,000 or roughly around $.[3]

Ajanta Energy

Ajanta Energy Pvt. Ltd. specializes in renewable energy.[5]

Ajanta Energy provides solar power systems, windmills, and energy efficiency services.

Controversies

In 2022, the company and its staff were investigated for the collapse of a bridge in Morbi.[6] The Municipality of Morbi owned the bridge, and entered into a 15-year maintenance agreement with Oreva Group.[7] Initial reports say that the bridge opened to the public ahead of schedule after temporary repairs,[8] even though no 'certificate of fitness' from the local authorities had been obtained.[9]

Notes and References

  1. Web site: 2021-07-22 . Sunhrarrt group & Ajanta Oreva group creates history by forming India's biggest vitrified tiles plant . The Live Nagpur . 2022-10-31 . en-US.
  2. News: Ajanta Group mulls foray into LED lighting . . 29 November 2010 . 2024-11-20.
  3. Web site: Ray . Joydeep . A car that could give Nano competition . . 9 December 2020 . https://archive.today/20120903184813/http://www.ndtv.com/convergence/ndtv/story.aspx?id=NEWEN20080068549 . 3 September 2012 . 12 October 2008 . live.
  4. Web site: 2008-10-14 . Made in Gujarat:Ajanta’s battery operated Oreva car(Video) . 2022-11-02 . DeshGujarat . en-US.
  5. Web site: About AEPL . Oreva . 2024-11-20.
  6. Web site: Mogul . Rhea . Manveena . Suri . Swati . Gupta . 2022-11-01 . What we know about India's deadly bridge collapse . 2022-11-02 . CNN . en.
  7. Web site: 2022-11-01 . Morbi bridge collapse: Oreva Group under scanner over repair, maintenance . 2022-11-02 . Business Today . en.
  8. Web site: 2022-11-02 . Gujarat: Oreva Reopened Morbi Bridge After 'Temporary Repairs'; Complete Work Promised After Permanent Contract Only . 2022-11-02 . . en.
  9. Web site: 'Make temporary repair and open bridge': Oreva Group's letter to Morbi collector in January 2020 . Saurabh . Vaktania . 1 November 2022 . 2022-11-02 . India Today . en.

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