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A reviving two-wheeler mkt is shaping the fortune of this component maker

Endurance Technologies, run by Rahul Bajaj's nephew, doubled m-cap to Rs 177 billion in 20 months

A reviving two-wheeler mkt is shaping the fortune of this component maker
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Ajay Modi New Delhi
Fifty-six-year-old businessman Anurang Jain is focused on growing his company's profit at a faster pace to revenue. In the last five consecutive years, auto component maker Endurance Technologies has delivered Jain's expectation. No wonder that the firm has created Rs 90 billion in wealth for shareholders in last twenty months after the listing.  

The market gave thumbs up to Jain's firm on the day of listing (October 19, 2016): Endurance closed the day with a 37 per cent gain over the issue price of Rs 472 per share. The listing helped Endurance raise Rs 11.61 billion but also turned the