Ajanta Oreva Group
Group of companies
From Wikipedia, the free encyclopedia
Ajanta Group or Oreva Group (stylized as OREVA) [1] is a diversified Indian conglomerate, active in textiles, transport, construction equipment, and machinery.[2]
| |
| Ajanta Manufacturing Private Limited | |
| Company type | Private |
| Industry | |
| Founded | 1971 |
| Founder | Odhavaji Raghavji Patel |
| Headquarters | Ahmedabad, Gujarat, India |
Key people | Jaysukh Patel (Managing Director) |
| Products |
|
| Revenue | ₹800 Crore |
Number of employees | 5000 (2022) |
| Website | shoporeva |
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 INR 100,000 or roughly around $1,400.[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]
