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From Campodarsego to Bombay Stock Exchange: The Carraro India Story

As the Italy-based Carraro family raises Rs 1,250 crore from the Indian equity market, Shahkar Abidi traces the growth of the eponymously named auto components manufacturer.

Shahkar AbidiBy Shahkar Abidi calendar 13 Feb 2025 Views icon7087 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
From Campodarsego to Bombay Stock Exchange: The Carraro India Story

Sometime in 1997-1998, Carraro S.p.A., the Italian manufacturer of tractor and construction equipment components, planted its roots near Pune, India through a joint venture with Escorts Ltd. This marked the company’s first foray into the subcontinent. 

Back then, the assembly plant operated on a single shift, wrapping up by 5 p.m., and a peculiar nightly ritual followed: the emergency exit was locked the moment the last worker left the floor. The rationale for this seemingly paradoxical practice: Inside the assembly area lay a treasure trove of valuables—copper seals and brushes among others—prized for their value in the scrap market. ...

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