Balkrishna Industries Ltd - Company Profile
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Balkrishna Industries Ltd (BKT) is a tire manufacturing company. It manufactures a wide range of tires, which are used for agricultural, industrial and construction, earthmovers and port, lawn and garden, mining, forestry, and all-terrain vehicles. It also manufactures tubes and carbon black. Major products of the company include agriculture tires, industrial tires and OTR tires. BKT serves original equipment manufacturers (OEM) and the replacement market. The company has four manufacturing plants in Maharashtra, Rajasthan and Gujarat; and distributes its products through third-party distributors. It exports its products across the world. The company has a presence in Europe, North America and Asia-Pacific. BKT is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Bkt House,C/15, Trade World,Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, 400011
Website
www.bkt-tires.com
Telephone
91 22 66663800
No of Employees
3,472
Industry
Automotive
Ticker Symbol & Exchange
BALKRISIND (NSE)
Revenue (2023)
$1.2B
17.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-26.3%
(2023 vs 2022)
Market Cap*
$5.6B
Net Profit Margin (2023)
XYZ
-37.4%
(2023 vs 2022)
* As of and is in US$
Balkrishna Industries Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Tires |
| Tubes |
| Carbon Black |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | New Products/Services | In December, BKT introduced advanced All-Steel Radial tires at the EXCON. |
| 2023 | Contracts/Agreements | In September, the company announced to continue as the title sponsor of the next three world championship events in Canada. |
| 2023 | Contracts/Agreements | In July, the company expanded its partnership with Euroleague Basketball to become the new title sponsor of the EuroCup second-tier club competition. |
Competitor Comparison
| Key Parameters | Balkrishna Industries Ltd | Apollo Tyres Ltd | MRF Ltd | JK Tyre & Industries Ltd | CEAT Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Gurgaon | Chennai | New Delhi | Mumbai |
| State/Province | Maharashtra | Haryana | Tamil Nadu | Delhi | Maharashtra |
| No. of Employees | 3,472 | 16,090 | 19,050 | 5,836 | 8,207 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Arvind M. Poddar | Chairman; Managing Director | Executive Board | 2012 | 65 |
| Rajiv Poddar | Director; Joint Managing Director | Executive Board | 2009 | - |
| Vipul Shah | Director; Secretary | Executive Board | 2012 | - |
| Minoo Mehta | Managing Director - BKT USA Inc. | Senior Management | 2023 | - |
| Chris Rhoades | Vice President - OTR | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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