Ajanta Group, also called Oreva Group (stylized as OREVA), is a well-known Indian private conglomerate having strong presence in manufacturing and infrastructure-related businesses. The group made its name on account of its classic clock making business and was later diversified into lighting, home appliances, electric vehicles, textiles, transport, and construction machinery. With their decades of operations, Azadi Group of Companies continues to remain a recognised name in India’s consumer and industrial markets.
Ajanta Group – Quick Overview
| Particular | Details |
| Trade Name | Ajanta Manufacturing Private Limited (OREVA) |
| Company Type | Private Company |
| Founded | 1971 |
| Founder | Odhavaji Raghavji Patel |
| Headquarters | Ahmedabad, Gujarat, India |
| Managing Director | Jaysukh Patel |
| Industries | Textiles, Transport, Construction, Machinery |
| Key Products | Clocks, Lighting Products, EVs, Home Appliances, LED TVs |
| Revenue | Approx. ₹800 crore |
| Employees | Around 5,000 |
| Website | shoporeva.com |
Net Worth and Market Cap
Ajanta Group is a privately held company, so it doesn’t have a publicly traded market capitalisation. Based on the annual revenue reported by the company of around ₹800 crore and long-standing manufacturing assets, industry calculations put Ajanta Group’s net worth at around ₹800-1,000 crore. The group continues to reinvest earnings back into manufacturing capacity, renewable energy and product expansion.
Corporate Leadership
Odhavaji Raghavji Patel founded Ajanta Group in the year 1971 with the vision of bringing affordable and reliable products for consumers in India. Jaysukh Patel currently manages the group as a Managing Director and supervises and directs its strategic direction, operations and plans for sustainable diversification. The leadership is interested in increasing the industries within India, keeping the manufacturing and distribution strong across India.
Overview of Services
Ajanta Group works in various sectors through its various business verticals. The group takes responsibility for manufacturing clocks, lighting solutions, LED television, home appliances, telephones and electric vehicles under the OREVA brand.
Through Ajanta Energy Pvt. Ltd., the group also offers renewable energy options, such as solar power systems, windmills and energy efficiency services. This division supports the clean energy needs of India and helps businesses and institutions to lower energy costs.
Scale of Operations
Ajanta Group has manufacturing units and distribution networks, in all over India, with no. of Ahmedabad, Gujarat at its headquarter. The group has about 5,000 employees and markets to urban and rural areas. With great brand recall in clocks and lighting products, Ajanta Group continues to extend its footprint along with its adaptation to changing consumer and industrial demands.
