mic_none

Ajanta Group Source: en.wikipedia.org/wiki/Ajanta_Group

Ajanta Oreva Group
Ajanta Manufacturing Private Limited
Company typePrivate
Industry
Founded1971; 54 years ago (1971)
FounderOdhavaji Raghavji Patel
HeadquartersAhmedabad, Gujarat, India
Key people
Jaysukh Patel (Managing Director)
Products
Revenue₹800 Crore
Number of employees
5000 (2022)
Websiteshoporeva.com

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

History

[edit]

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 INR 100,000 or roughly around $1,400.[3]

Ajanta Energy

[edit]

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

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

Controversies

[edit]

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]

References

[edit]
  1. ^ "Sunhrarrt group & Ajanta Oreva group creates history by forming India's biggest vitrified tiles plant". The Live Nagpur. 22 July 2021. Retrieved 31 October 2022.
  2. ^ "Ajanta Group mulls foray into LED lighting". Business Standard. 29 November 2010. Retrieved 20 November 2024.
  3. ^ a b Ray, Joydeep (12 October 2008). "A car that could give Nano competition". NDTV. Archived from the original on 3 September 2012. Retrieved 9 December 2020.
  4. ^ "Made in Gujarat:Ajanta's battery operated Oreva car(Video)". DeshGujarat. 14 October 2008. Retrieved 2 November 2022.
  5. ^ "About AEPL". Oreva. Retrieved 20 November 2024.
  6. ^ Mogul, Rhea; Suri, Manveena; Gupta, Swati (1 November 2022). "What we know about India's deadly bridge collapse". CNN. Retrieved 2 November 2022.
  7. ^ "Morbi bridge collapse: Oreva Group under scanner over repair, maintenance". Business Today. 1 November 2022. Retrieved 2 November 2022.
  8. ^ "Gujarat: Oreva Reopened Morbi Bridge After 'Temporary Repairs'; Complete Work Promised After Permanent Contract Only". Outlook India. 2 November 2022. Retrieved 2 November 2022.
  9. ^ Vaktania, Saurabh (1 November 2022). "'Make temporary repair and open bridge': Oreva Group's letter to Morbi collector in January 2020". India Today. Retrieved 2 November 2022.


Stub icon 1 Stub icon 2

This article about an Indian company is a stub. You can help Wikipedia by expanding it.