Calcutta, March 20: Aditya Kashyap, former joint managing director of Tata Steel and managing director of Mobar, has joined the board of the Mumbai-based Varun group, which is exploring investment opportunities in Bengal.
Along with Kashyap, the promoters of the Varun group have roped in former banker D.K. Mukhopadhyay, as they are serious about investing in the state.
The Varun group is the largest exporter of stainless steel kitchenware and household items. The group’s exports of more than Rs 600 crore accounts for over 80 per cent of the country’s total exports of Rs 800-900 crore.
The cash-rich company recently diversified into power generation, mining and real estate businesses.
The group, which has been outsourcing from small units for exports , has put up its own plant that will become operational next month.