Balkrishna Industries Ltd (BKT) is a tire, tube, and carbon black manufacturer. It manufactures off-highway tires. The company’s product portfolio includes industrial vehicle tires, construction vehicle tires, earthmover tires, material handling vehicle tires, agricultural vehicle tires, forestry vehicle tires, lawn and garden equipment vehicle tires, and all-terrain vehicle tires. Its products are available in both cross-ply and radial construction. The company offers a wide range of products and services, with a portfolio that includes more than 3600 SKUs (Stock Keeping Units). The company serves various sectors, including agriculture, construction, earthmoving, port, and mining.

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BKT has a strong focus on R&D, which supports product innovation, differentiation, and responsiveness to evolving market trends. The company's R&D initiatives are centered around engineering excellence, customer focus, and long-term partnerships. The Bhuj facility is a key hub for tire design and development, where advanced CAD modeling, FEM analysis, and testing protocols are used to create cutting-edge products for diverse terrains and specialized applications. The company develops over 75 new SKUs annually, with a rigorous testing ecosystem that ensures each tire's performance across multiple parameters. The Bhuj facility serves as the primary R&D unit for Balkrishna Industries Ltd. It is responsible for the design and development of proprietary tire solutions, utilizing advanced simulation tools and testing protocols to predict real-world performance and shorten development cycles. The facility also operates a 25-acre outdoor tire testing track, which is used to evaluate tire performance under real-world conditions. The company has over 75 new SKUs are developed annually. The company collaborates with leading independent institutions for product validation, such as DLG in Germany. In FY2025, the company incurred expenses of US$598.7 million on R&D, which as a percentage of revenue, stood at 0.6%.