Mar 18, 2011 01:25 PM IST | Source: CNBC-TV18

Taegutec readies to roll out red carpet for Buffett

Bangalore-based Taegutec India, an arm of global tooling and solutions giant Taegutec group, is eyeing aggressive growth. Is it the only excitement?

Bangalore-based Taegutec India, an arm of global tooling and solutions giant Taegutec group, is eyeing aggressive growth. Is it the only excitement?

CNBC-TV18's Sunanda Jayaseelan reports that, the offices of Taegutec India are buzzing with anticipation - everyone's gearing up to welcome billionaire investor Warren Buffett, who holds nearly 80% in parent company IMC.

L Krishnan, managing director of TaeguTec India said, "Warren Buffett made an announcement a year ago that he would visit to India. The whole organisation and the group, everybody is excited. We are looking forward to his visit."

Since the time of Taegutec's establishment in India in 2000, it has made rapid strides. Apart from supplying to PSU'S, defence and aerospace companies amongst others, today, it has a one third market share of the auto and auto components market in India.

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