Built to Endure

Anurang Jain of Endurance Technologies expanded his scope of offerings while making sure he diversified globally and invested in proprietary technology

- By SAMAR SRIVASTAVA

Ask Anurang Jain, 63, about the slow-but-certain electrification of the auto industry and he is unperturbed. At Endurance Technologies, the Aurangabad-based auto component company he runs, 96 percent of the parts they make could just as easily fit into an electric vehicle (EV).

Aluminium die casting, suspension, transmission and braking parts are mainstays at Endurance. The India business has grown at a steady clip and, like several of his Indian peers, Jain has moved to derisk operations by acquiring global auto parts businesses. Endurance now gets as much as 30 percent of its sales from Europe. This has helped steady the ship at a time of indifferent growth in the Indian auto industry. He is hopeful that the recent cut in Good & Services Tax (GST) rates could get things moving in the auto sector.

Even without the cuts, Jain’s and Endurance’s journey in the auto component space has been one of steady yet measured growth and getting into new businesses while maintaining healthy cash flows. As a result, investors have bid up valuations to 43 times earnings taking its market cap to ₹37,000 crore. Over the last five years, Endurance’s valuations have compounded at 19 percent a year, putting it at among the top performers in the auto comp space. As a result, Jain and family have a net worth of $4.07 billion on the 2025 Forbes India Rich List.