Balkrishna Industries

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Balkrishna Industries Limited
Public
Traded as BSE: 502355
NSE: BALKRISIND
Industry Auto and Truck parts
Founded 1987[1]
Headquarters Mumbai, India
Area served
 Worldwide
Products Tyres
Revenue Increase ₹57.4 billion (US$850 million) (2020–21)[2]
Increase ₹11.55 billion (US$170 million) (2020–21)[3]
Number of employees
 6000
Website www.bkt-tires.com

Balkrishna Industries Limited (BKT) is an Indian multinational tyre manufacturing company based in Mumbai, India. Balkrishna Industries manufactures off-highway tyres used in specialist segments like mining, earthmoving, agriculture, and gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj. In 2013, it was ranked 41st among the world’s tyre makers.[4]

History

Balkrishna Industries began operations in the year 1987 with the inauguration of its first off-highway tyre manufacturing facility in Aurangabad. Subsequent growth in business allowed the company to open new facilities in Bhiwadi (2002) and Chopanaki (2006). It also diversified its product line by introducing tyres for ATV, earthmoving and gardening vehicles.

Operations

Balkrishna Industries is currently an OEM vendor for heavy equipment manufacturers like JCB, John Deere, and CNH Industrial. In 2014, BKT held a 8% market share of the global off-the-road tyre segment.[5]

Balkrishna Industries predominantly caters to the replacement market in North America and Europe. Its North American office is located in Akron, Ohio, with one warehouse in Wando, South Carolina.[6] About 80 percent of Balkrishna Industries' business in the United States is in the farm market.[7]

BKT Tires has been the official and exclusive tyre sponsor for Monster Jam since 2014.[8] In July 2018, BKT purchased naming rights for Italian football's second division, Serie B for three years, with the league being known as Serie BKT under the agreement.[9] On 15 January 2020, BKT signed an agreement with LFP to rename the French football second division as Ligue 2 BKT for four years.[10]

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ https://www.bkt-tires.com/downloads/8022/4792/BKT-InvestorPresentation-May2021.pdf
  3. ↑ https://www.bkt-tires.com/downloads/8022/4792/BKT-InvestorPresentation-May2021.pdf
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.

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