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Company >> General >> History

Balkrishna Industries Ltd

Industry :Tyres - LargeBalkrishna Industries Ltd, the world's premier manufacturer of pneumatic tyres for special

applications was incorporated on November 20, 1961. The company operates mainly in thebusiness segment of tires. They focuse on the production of range of off-highway tires that

includes agricultural, industry, material handling, forestry, lawn and garden, construction and

earth moving tires. The company has a worldwide distribution network ensuring extensive reachand penetration.

During the year 2002-03, the company acquired the Auto Tyre Plant of Govind Rubber Ltd at

Bhiwadi in Rajasthan. During the financial year 2004-05, the company launched Tractor RadialTyres. The company expanded the production capacity in Bhiwadi unit and Waluj unit to 42000

tpa and 18000 tpa respectively. They also installed 5 MW Wind-Farm near Jaisalmer in

Rajasthan for captive usage.

In February 2005, the company has set up a 100% subsidiary company in UK under the name of

BKT (Europe) Ltd to promote sales and marketing of the products of their tyre division inEurope which commenced their business activities on April 1, 2005. The company expanded theproduction capacity in Bhiwadi unit by 3000 tpa to 45000 tpa.

In August 30, 2006, the company incorporated BKT Europe srl in Italy as a wholly ownedsubsidiary company and in January 2007 they incorporated BKT Exim Ltd as a wholly owned

subsidiary. Also they incorporated Balkrishna Paper Mills Ltd and Balkrishna Synthetic Ltd in

March 2007 as wholly owned subsidiary companies to facilitate the transfer of their paper and

textile processing business respectively.

During the year 2006-07, the company increased the production capacity in Bhiwadi unit from

45000 tpa to 48000 tpa and Waluj unit from 18000 tpa to 22000 tpa. Also, the company

introduced the product 'Premium Super Chromo Board' in the market.

The company has three business activities under their umberlla namely tyre, paper and textile

processing. The tyre business is a focused business activity of the company that constitutes morethan 80% of company's total business and by vitue of this becomes their core business. In order

to pay more attention to their various business activities, the company transfered their Paper

business and Textile Processing business to their wholly owned subsidiaries, Balkrishna Paper

Mills Ltd and Balkrishna Synthetic Ltd respectively with effecti from April 1, 2007.

During the year 2007-08, BKT Tyres Pvt Ltd became the subsidiary of the company. Also BKT

(Europe) Ltd and BKT Europe srl ceased to be the subsidiaries of the company due to thedisinvestment by the company.

The company is in the process to set up a new green field Tyre plant into special economic zoneto increase the production capacity. Also the company plans to set up storage facilities at

different locations to store finished goods and raw materials.

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