BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- IN
Dow Jones Description
Tire Mfr
Joint Managing Director & Coo
Neeraj KanwarNumber of Employees 6,949
Contact Information
Apollo House 7 Institutional Area Sector 32
Gurgaon 122001
(91) 1242383002
Peer Companies
NAICS Code Tire Manufacturing (except Retreading): 326211
Recent Events
-
Apollo Tyres profit jumps to Rs 129 crore
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Apollo Tyres completes acquisition of Vredestein Banden
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Apollo completes acquisition of Vredestein
News & Analysis
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apollo tyres ltd. - All News and Analysis
Firms see solid first qtr.(News)
- 2007-05-07
First quarter results varied among tire industry companies with most gaining in sales and showing net profits. Bandag Inc., Continental A.G., Bridgestone Corp. and Group Michelin all reported solid performances during the quarter, while India's Apollo Tyres Ltd. reported record annual sales and profits....
Apollo Tyres to leverage Dunlop sales network.
- 2006-11-23
Byline: Meenakshi Verma Nov. 23--NEW DELHI : Tyre major Apollo Tyres is set to cross the $1-billion mark in consolidated revenues in the current financial year. The company plans to commercially launch its truck and bus radial tyres in January and also...
Apollo Tyres to build radial tyre plant in southern India; Indian firm continues global expansion with passenger car tyre factory in southern India, close to NR supplies.(Brief article)
- 2006-09-01
Apollo Tyres Ltd. has picked a site in India's Tamil Nadu state for a new radial passenger, light and medium truck tyre plant, to be built at a cost of $112 million ([euro]87.2 million) over five years. Apollo plans to acquire 135 acres (54.6 ha)...
.... buys Dunlop South Africa.(Apollo Tyres Ltd. to acquire Dunlop Tyres International)(Brief article)
- 2006-03-01
Indian group Apollo Tyres Ltd has announced its intention to buy Dunlop Tyres International Pty Ltd Dunlop South Africa in an all-cash deal worth about Rs 2900 million ([euro]55 million). Dunlop South Africa had a turnover of some $200 million last year. Apollo said...
Apollo Tyres to sell 25% in Premier.
- 2006-02-27
Feb. 27--NEW DELHI -- Apollo Tyres is set to offload 25 percent stake in Premier Tyres, the Kerala-based tyre company, which it had acquired a few years ago. Apollo plans to divest the stake through a mix of secondary market deals and in-house transfer deals to other...
Apollo Tyres, EIH see rise in promoters' stakes.
- 2005-11-15
Byline: Ashwin J Punnen Nov. 15--MUMBAI, India -- Promoters have been making bumper profits in Q2 by offloading stakes in their companies at high valuations. They have been selling stakes in A group companies such as Arvind Mills (-2.5 percent) and India Cements (-2.5...
Business News
- 2005-10-23
Power PlayMoney. Glory. And power. Just why everyone wants a piece of cricket in India.Archna ShuklaEven people who know Jagmohan Dalmiya, the patron-in-chief of the Board of Control for Cricket in India BCCI, can be forgiven for forgetting that he inherited a reasonably large and profitable construction business at the...
Apollo tyres worried about michelin's 15 per cent.
- 2005-10-03
Byline: Krishna Kant Oct. 3--NEW DELHI -- With the breakdown of the Michelin Apollo Tyres radial JV, Michelin's 14.9 per cent stake in Apollo Tyres ATL is now occupying centre stage. The stake provides huge leverage to Michelin over ATL and their promoters, as...
Michelin teams up with Apollo Tyres; Deal ends 5-year search for Indian partner
- 2003-12-08
Groupe Michelin and India's Apollo Tyres Ltd. have agreed to set up a joint venture for radial truck tires in India, ending Michelin's five-year evaluation of the Indian market for an appropriate partner and opportunity. Michelin and Apollo will invest $70 million over the next four years to...
Apollo plans expansions: following its announcement of a joint venture with Continental AG, Apollo reveals some of its investment plans. (Tyre technology).
- 2003-04-01
Apollo Tyres Ltd claims to be India's biggest tyre maker. The company recently signed a technical cooperation deal with Continental AG, and is the first Indian company to gain support from the International Finance Corp. Sales are growing rapidly at Apollo. The company reported...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Neeraj Kanwar | Joint Managing Director & Coo |
| Salil Gupta | CFO |
| Sunam Sarkar | Chief Strategy & Business Operations |
| Shardul S Shroff | Senior Partner, Amarchand & Mangaldas & Suresh A Shroff & Co |
| K. Jose Cyriac | Principal Secretary |
| P.N. Wahal | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Onkar S. Kanwar | Chairman & Managing Director |
| Arun Kumar Purwar | Board of Directors |
| K. Jacob Thomas | Board of Directors |
| M.R.B. Punja | Board of Directors |
| Michael J. Hankinson | Board of Directors |
| Nimesh N. Kampani | Board of Directors |
| Raaja Kanwar | Board of Directors |
| Robert Steinmetz | Board of Directors |
| S. Narayan | Board of Directors |
| T. Balakrishnan | Board of Directors |
| U.S. Oberoi | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Joint Managing Director & Coo | Current |
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Chief Strategy & Business Operations | Current |
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Chairman & Managing Director | Current |
| Apollo Tyres Ltd | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Senior Partner, Amarchand & Mangaldas & Suresh A Shroff & Co | Current |
| Niit Limited | External Director, Niit | Current |
| Apollo Tyres Ltd | Director | Current |
| Niit Limited | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Principal Secretary | Current |
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo International Corp. | Managing Director | Current |
| Apollo Tyres Ltd | Board of Directors | Current |
| Mitel Networks Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Apollo Tyres Ltd | Board of Directors | Current |
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