Apollo Tyres Ltd

Company limited by Shares (2) 2103+ employees

Apollo Tyres Ltd Description

Apollo Tyres Ltd was established in the year 1972 and has its headquarters at Gurgaon. The company manufactures and sells automotive tires, tubes and flaps across the country and internationally. The company has been listed as the world's 17th biggest tyre manufacturer. Apollo currently has four manufacturing units in India, one in Netherlands and one in Hungary. They have managed to pull a network of approximately 5000 dealerships in the country out of which more than 2500 are exclusive outlets. In the year 2016, the company announced its entrance into two wheeler tyre segment with contract manufacturing. The company supplies Apollo and Vredestein branded tyres in Europe. The company has over 16000 employees with a revenue of approx. Rs 140.53 billion. They get 69% of the revenues from India, 26% from Europe and 5% from the rest of the countries. The variety of products in their portfolio includes sports utility vehicle, passenger car, multi utility vehicle, light truck, bicycle, two wheeler, and off highway tires. The company serves its products under the brands Apollo, Kaizen, Regal and Vredestein. The company traded in India on the Bombay Stock Exchange and National Stock Exchange, with around 56% of shares that are held by the public, government entities, banks and financial institutions. Apollo Tyres was initially established as a single brand enterprise. But over the past years, the organization grew and spread across geographies. So, several brands joined and some were born into the fold. The company basically focuses on two key brands: Apollo and Vredestein. Each of the brand is equipped with its distinctive visual language and is served to a specific customer base. This has enabled the company to provide a wide range of products for various applications, across the globe that leaves their customers delighted. Apollo tyres are manufactured in India and Europe. Apollo Tyres believe in giving their customers new choices that put them in control.

Apollo Tyres Ltd Overview

2103+ employees
Company limited by Shares
Non-govt company
28 Sep,1972
N/A Related OEMs
N/A No. of plants

Company Breakup

Name share
Public Financial Companies
Foreign Holdings
Bodies Corporate
Mutual Funds
Total Number Of Shareholders 266164
Shareholding As On 2016-08-09

Apollo Tyres Ltd in News

30 Jun 2021

Govt extends antidumping duty on certain steel items till Dec 15

According to two separate notifications by the Department of Revenue, the duties on 'Hot-Rolled flat products of alloy or non-alloy steel' originating in or exported from China, Japan, Korea, Russia, and Brazil, and on 'Cold-Rolled flat products of alloy or non-alloy steel' coming from China, Japan, and Korea, have been extended.

27 May 2021

Auto factories in Tamil Nadu to begin full production from next week

“Both factories will only start functioning fully from June 1 onwards,” said CITU state president A Soundararajan. When contacted, the Apollo Tyre spokesman said: “The Oragadam plant is operational with less than 50% workforce and following all safety protocols.” JK did not comment.

17 May 2021

Apollo Tyres gets NABL accreditation for outdoor regulatory testing

The company has been accredited with ISO/IEC 17025 for the 'wet grip and coast by noise' tyre tests on the track, Apollo Tyres said in a statement. The testing capability is linked to the central government's plan to implement 'star rating' of tyres, in line with the tyre labelling regulation in Europe, it added.

17 May 2021

TVS Srichakra launches Milan-designed scooter tyres in Europe

The first product to be launched is “Eurogrip Bee Connect” scooter tyres which will be available in a basket of 40 different sizes in the coming months. This is the first line of tyres launched after the setting up of TVS Srichakra’s Product Design and Development Centre in Milan.

10 May 2021

Rising input costs may deflate tyre cos’ near-term prospects

Shares of CEAT have declined 17 per cent in the last one-month while MRF and Apollo Tyres have dropped 7 per cent and 5 per cent, respectively, during this period. Except CEAT, all other six listed tyre companies are currently trading at a premium to their three-year average Price to Earnings (PE) ratio — a popular valuations measure.

10 Mar 2021

Pirelli sees 2021 sales, profitability rising as outlook brightens

The manufacturer of tyres for carmakers such as BMW and Audi, said its adjusted earnings before interest and tax (EBIT) fell 45.4% to 501.2 million euros ($596.08 million) last year, in line with a company-provided analyst consensus of 499 million euros.

Directors of Apollo Tyres Ltd

Name DIN Email Designation Date of joining
Beena Mahadevan Unlock to View Unlock to View Director 30 Jan,2018
Anjali Bansal Unlock to View Unlock to View Director 01 Nov,2017
Vinod Rai Unlock to View Unlock to View Director 09 Feb,2016
Francesco Gori Unlock to View Unlock to View Director 09 Feb,2016
Bikram Singh Unlock to View Unlock to View Additional director 11 Aug,2015
Pallavi Shardul Shroff Unlock to View Unlock to View Director 15 May,2014
Akshaykumar Narendrasinhji Chudasama Unlock to View Unlock to View Director 11 Nov,2013
Vikram Singh Mehta Unlock to View Unlock to View Director 06 Feb,2013
Arun Kumar Purwar Unlock to View Unlock to View Director 26 Oct,2007
Subbaraman Narayan Unlock to View Unlock to View Director 14 Feb,2005
Sunam Sarkar Unlock to View Unlock to View Director 28 Jan,2004
Robert Friedrich Johannes Adolf Steinmetz Unlock to View Unlock to View Director 10 Sep,1999
Neeraj Kanwar Unlock to View Unlock to View Managing director 28 May,1999
Nimesh Nagindas Kampani Unlock to View Unlock to View Director 22 Nov,1997
Onkar S Kanwar Unlock to View Unlock to View Managing director 03 Jun,1982

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