Onkar Kanwar Net Worth is510 $Million
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Company Name: Apollo Tyres Limited
Company Logo: Image:Apollo Tyres logo.svg /
Company Type: Public company
Foundation: 1972[http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf]
Location: Gurgaon, Haryana, India[http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1]
Key People: Onkar S Kanwar (Chairman & MD), Neeraj R S Kanwar (Vice-Chairman & MD)
Industry: Tyres
Revenue: 12153/c[http://www.apollotyres.com/india/downloads/press/financial/2012/apollo-tyres-revenue-crosses-US$-2.5-billion-10-5-2012.pdf]
Homepage: http://www.apollotyres.com
Apollo Tyres Ltd is the world's 15th biggest tyre manufacturer, with annual consolidated revenues of Rs 121.5 billion (US$ 2.5 billion) in 2011. It was founded in 1976. Its first plant was commissioned in Perambra, Kerala. In 2006 the company acquired Dunlop Tyres International of South Africa. The company now has four manufacturing units in India, two in South Africa, two in Zimbabwe and 1 in Netherlands. It has a network of over 4,000 dealerships in India, of which over 2,500 are exclusive outlets. In South Africa, it has over 900 dealerships, of which 190 are Dunlop Accredited Dealers.
It gets 59% of its revenues from India, 28% from Europe and 13% from Africa.
It is planning to become the 10th biggest tyre manufacturer in the world with annual revenues of $6 billion by 2016.
1976 Apollo Tyres was registered
1977 1st plant established at Perambra, Kerala, India
1991 2nd plant at Limda, Gujarat, India
1994 Started selling tyres for 2-wheelers
1995 3rd plant at Kalmassery, Kerala, India
2006 Expanded operations outside India by acquiring Dunlop's Africa operations.
2008 new plant at Chennai, Tamil Nadu, India
In 2009, Apollo Tyres acquired the Netherlands-based winter-tyre maker Vredestein Banden B.V. (VBBV) for an undisclosed sum from Russia's bankrupt largest tyre manufacturer Amtel-Vredestein NV.
It currently sells 30,000 tyres/month in Europe, which is a 250 million tyres/year market.

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Onkar Kanwar Latest News

Working on products for American, global mkts: Apollo Tyres

Apollo Tyres today said it is working on products for American and other global markets ... available in various countries," it said in a statement quoting Chairman Onkar Kanwar. He addressed shareholders at the company's AGM held in Kochi today.
Posted: July 5, 2017, 6:44 am

Onkar Kanwar: Being novice was my biggest advantage

Onkar Singh Kanwar says his decision to take Charge of Apollo Tyres was instrumental in pulling the company back from the brink of bankruptcy Do I quit, even before I have begun the job?' and 'do I fight the person I respect the most just because I believe ...
Posted: June 5, 2013, 5:57 am

It just keeps rolling along

Rolling on Compare this story to that of Apollo Tyres and its Chairman and Managing Director Onkar S Kanwar. The company was founded in 1972 by his father, Raunaq Singh, one of the leading entrepreneurs in the country during the License Raj era.
Posted: May 21, 2017, 9:29 am
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