Apollo Tyres - Revision history

Rakshasingh12: slightly fixed formatting to improve readability additionally and fixed typos

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2021-10-01T15:01:41Z

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2021-08-24T14:41:55Z

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{{short description|Indian tyre manufacturing company}}
[[File:Apollo Tyres Ltd & A Lock up stacked Black RGB L.png|thumb]]
{{Use dmy dates|date=October 2018}}
{{Use Indian English|date=July 2016}}

{{Infobox company
| name = Apollo Tyres Limited
[[File:Apollo Tyres Ltd & A Lock up stacked Black RGB L.png|thumb]]
| logo_size = 250px
| logo_alt =
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NSE|APOLLOTYRE}}|{{BSE|500877}}}}
| ISIN = INE438A01022
| industry = [[Tyres]]
| foundation = 1972<ref name="apollotyres.com">{{cite web|url=http://www.apollotyres.com/downloads/atl-corporate-presentation.pdf |title=Archived copy |access-date=17 December 2010 |url-status=dead |archive-url=https://web.archive.org/web/20101119193726/http://apollotyres.com/downloads/atl-corporate-presentation.pdf |archive-date=19 November 2010 }}</ref>
| location = [[Gurugram]], [[Haryana]], [[India]]<ref name="in.com">{{cite web|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1|archive-url=https://web.archive.org/web/20110122213618/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/1|url-status=dead|archive-date=2011-01-22|title=Forbes India Magazine - Apollo's Play in Europe}}</ref>
| key_people = [[Onkar Kanwar]] (Chairman and MD)<br />[[Neeraj Kanwar]] (Vice Chairman & MD)
| revenue = {{Decrease}} {{INRConvert|16373.87|c}} <ref name=pnl>{{Cite web|title=Apollo Tyres Consolidated Profit & Loss account, Apollo Tyres Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/apollotyres/consolidated-profit-lossVI/at14|access-date=2020-08-29|website=www.moneycontrol.com|language=en}}</ref>
| revenue_year = 2020
| operating_income = {{Decrease}} {{INRConvert|543.44|c}} <ref name=pnl/>
| income_year = 2020
| net_income = {{Decrease}} {{INRConvert|476.40|c}} <ref name=pnl/>
| net_income_year = 2020
| assets = {{Increase}} {{INRConvert|23249.99|c}} <ref name=bs>{{Cite web|title=Apollo Tyres Consolidated Balance Sheet, Apollo Tyres Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/apollotyres/consolidated-balance-sheetVI/at14|access-date=2020-08-29|website=www.moneycontrol.com|language=en}}</ref>
| assets_year = 2020
| equity = {{Decrease}} {{INRConvert|9930.01|c}} <ref name=bs/>
| equity_year = 2020
| num_employees = 16,000
| homepage = {{URL|https://apollotyres.com/|apollotyres.com}}
}}
'''Apollo Tyres Limited''' is an [[India|Indian Multinational]] tyre manufacturing company headquartered in [[Gurgaon|Gurugram]], [[Haryana]]. It was incorporated in 1972, and its first plant was commissioned in [[Perambra -Thrissur|Perambra]] in [[Thrissur district]], [[Kerala]] ([[India]]). The company now has five manufacturing units in India, one in Netherlands<ref>{{cite web |url=http://www.thehindubusinessline.com/2010/06/01/stories/2010060151830500.htm |title=Apollo tyres roll into Europe today |publisher=[[The Hindu Business Line]] |date=1 June 2010 |access-date=17 September 2014}}</ref> and one in Hungary.<ref name="www.autocarpro.in">{{Cite news|url=http://www.autocarpro.in/news-national/apollo-tyres-expands-global-footprint-inaugurates-hungarian-plant-24279|title=Apollo Tyres expands global footprint, inaugurates Hungarian plant|work=www.autocarpro.in|access-date=8 May 2017}}</ref> It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.

The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries.<ref>{{cite web|url=http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html|title=Annual Report for the Financial Year 2015-2016|publisher=Apollo Tyres|url-status=dead|archive-url=https://web.archive.org/web/20160927032835/http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html|archive-date=27 September 2016}}</ref>

Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.<ref>{{Cite web|url=http://epaperbeta.timesofindia.com/index.aspx?EID=31818&dt=20160604|title=Widgets Magazine|website=epaperbeta.timesofindia.com|access-date=10 June 2016|archive-url=https://web.archive.org/web/20160605082210/http://epaperbeta.timesofindia.com/index.aspx?eid=31818&dt=20160604|archive-date=5 June 2016|url-status=dead}}</ref>

The company's second plant in Europe, was inaugurated by the [[Prime Minister of Hungary|Hungarian Prime Minister]], [[Viktor Orbán|Viktor Orban]], in April 2017.<ref>{{Cite news|url=http://www.financialexpress.com/industry/hungary-prime-minister-viktor-orban-opens-apollo-tyres-plant-near-budapest/620126/|title=Hungary Prime Minister Viktor Orban opens Apollo Tyres plant near Budapest|date=8 April 2017|work=The Financial Express|access-date=12 June 2017|language=en-US}}</ref><ref>{{Cite news|url=http://www.indianembassy.hu/?p=138983|title=H.E. PM Viktor Orbán inaugurates the Apollo Tyres plant in Gyöngyöshalász|date=7 April 2017|work=Indian Embassy Hungary|access-date=12 June 2017|language=en-US|archive-url=https://web.archive.org/web/20170408030600/http://www.indianembassy.hu/?p=138983|archive-date=8 April 2017|url-status=dead}}</ref><ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|last=Bureau|first=BS B2B|date=10 April 2017|work=Business Standard India|access-date=12 June 2017}}</ref> Shares of Apollo Tyres Ltd. rose to their highest in little over two years in February, 2021. The stock was trading at Rs 253.10, up Rs 25.80, or 11.35 percent. It has touched a 52-week high of Rs 253.70. It has touched an intraday high of Rs 253.70 and an intraday low of [https://www.moneycontrol.com/news/business/stocks/apollo-tyres-stock-hits-52-week-high-after-2-fold-rise-in-q3-profit-to-rs-444-crore-6446121.html Rs 232.25].

== History ==

Apollo Tyres Ltd. was incorporated on 28 September 1972 as a Public Limited Company and obtained certificate of Commencement of Business on 24 October 1972.<ref>{{Cite news|url=https://www.business-standard.com/company/apollo-tyres-23/information/company-history|title=Apollo Tyres Ltd.|work=Business Standard India|access-date=2020-02-25}}</ref> The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam and Jacob Thomas.<ref>{{Cite web|url=https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms|title=Apollo Tyres History {{!}} Apollo Tyres Information - The Economic Times|website=economictimes.indiatimes.com|access-date=2020-02-25}}</ref> In 1975, the company made its [https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms Initial public offer] of equity shares and its first manufacturing facility was commissioned in [[Perambra]] Plant, [[Thrissur]], [[Kerala]], India in 1977,<ref name="apollotyres.com" /> followed by its 2nd plant at Limda, [[Gujarat, India]]<ref name="apollotyres.com" /> in 1991. The company acquired Premier Tyres Limited- PTL in 1995, which became its 3rd plant at [[Kalamassery]], [[Kerala, India]].<ref>{{cite web|url=http://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms|title=The Economic Times}}</ref> In 2008, it started a new plant at [[Chennai]], [[Tamil Nadu, India]].<ref name="apollotyres.com"/> A year later in 2009, the company acquired the Netherlands-based tyre maker [[Vredestein Banden B.V.]] (VBBV) for an undisclosed sum<ref>[https://www.topnews.in/dutch-tyre-company-vredestein-banden-bv-acquired-apollo-tyres-2168276 Apollo Tyres Acquires Vredestein Banden BV]</ref>

The company focused on the production of truck tyres in India and introduced its first truck tyre, Rajdhani in India.<ref>{{Cite web|url=https://tyre-asia.com/2017/02/22/ambition-drive-based-values/|title=Ambition, drive based on values|date=2017-02-22|website=Tyre Asia|language=en-US|access-date=2020-02-25}}</ref><ref name="in.com"/> The company expanded its operation across India and in 1996, it expanded operations outside India by acquiring [[Dunlop Tyres|Dunlop]]'s Africa operations.<ref name="in.com1">{{cite web|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0|archive-url=https://web.archive.org/web/20110129160108/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0|url-status=dead|archive-date=2011-01-29|title=Forbes India Magazine - Apollo's Play in Europe}}</ref> In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to [[Sumitomo Rubber Industries]] of Japan.<ref>{{cite web|url=http://www.tirereview.com/Article/114083/sumitomo_acquires_assets_of_apollo_tyres_south_africa.aspx|title=Sumitomo Acquires Assets of Apollo Tyres South Africa|author=Tire Review Staff|work=Tire Review Magazine}}</ref> The very same year, it started its Global R&D Centre, Europe in Enschede, the Netharlands.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/apollo-tyres-opens-rd-centre-in-netherlands/article4307572.ece|title=Apollo Tyres opens R&D centre in Netherlands|last=Bureau|first=Our|date=14 January 2013|work=The Hindu Business Line|access-date=17 August 2017|language=en}}</ref>

In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million.<ref>{{Cite web|title = Apollo Tyres may miss 2020 revenue target|url = http://www.livemint.com/Companies/fy2mtFKrVPdJ1i7lcpqQwO/Apollo-Tyres-acquires-Germanys-Reifencom-for-456-million.html|access-date = 14 December 2015}}</ref> It shifted its corporate office for Europe region to Amsterdam from Enschede, the Netherlands<ref>{{Cite news|url=http://www.tyrepress.com/2016/05/apollo-vredestein-management-now-based-in-amsterdam/|title=Apollo Vredestein management now based in Amsterdam|date=20 May 2016|work=Tyrepress|access-date=17 August 2017|language=en-US}}</ref> and opened a Global R&D Centre, Asia in [[Chennai]], India a few months later.<ref>{{Cite web|url=http://auto.economictimes.indiatimes.com/news/tyres/apollo-tyres-opens-its-global-rd-centre-asia-in-chennai/55337917|title=Apollo Tyres opens its Global R&D Centre, Asia in Chennai - ET Auto|last=www.ETAuto.com|website=ETAuto.com|language=en|access-date=17 August 2017}}</ref>

In 2016, the company signed an MoU with the Government of Andhra Pradesh to set up a new factory in the state.<ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/apollo-tyres-plans-500cr-factory-in-andhra-pradesh/article9325043.ece|title=Apollo Tyres plans ₹500-cr factory in Andhra Pradesh|last=Bureau|first=Our|date=9 November 2016|work=The Hindu Business Line|access-date=17 August 2017|language=en}}</ref> In 2017, it inaugurated its plant in Hungary.<ref name="www.autocarpro.in" /> On 9 January 2018, the [[List of chief ministers of Andhra Pradesh|Chief Minister of Andhra Pradesh]], [[N. Chandrababu Naidu|N Chandrababu Naidu]] laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in [[Andhra Pradesh]]. The plant will come up over a 200-[[acre]] site in Chinnapanduru village near Sri City in [[Chittoor, Andhra Pradesh|Chittoor]] district and produce passenger car radial (PCR) tyres with an initial capacity of 55 [[lakh]] (5.5 million) tyres per year and will serve both domestic and export markets.<ref>{{Cite news|last=Mukherjee|first=Sharmistha|url=https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-to-invest-rs-1800-crore-in-first-phase-in-andhra-pradesh/articleshow/62429224.cms|title=Apollo Tyres to invest Rs 1800 crore in first phase in Andhra Pradesh|date=2018-01-09|work=The Economic Times|access-date=2020-02-25}}</ref><ref>{{Cite web|url=https://www.thehindubusinessline.com/news/national/apollo-tyres-to-invest-1800-cr-in-andhra-pradesh-factory/article10022453.ece|title=Apollo Tyres to invest ₹1,800 cr in Andhra Pradesh factory|last=Balachandar|first=G.|website=@businessline|language=en|access-date=2020-02-25}}</ref>

== Corporate Structure and Leadership ==
Apollo Tyres is structured in the following units:
* '''Asia Pacific, Middle East and Africa (APMEA)'''
** Satish Sharma, President<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/auto/news/tyres/apollo-tyres-satish-sharma-elected-atma-chairman/articleshow/57671339.cms|title=Apollo Tyres' Satish Sharma elected ATMA Chairman|last=Mukherjee|first=Sharmistha|date=16 March 2017|work=The Economic Times|access-date=21 August 2017}}</ref><ref name=":0">{{Cite web|url=https://corporate.apollotyres.com/about-us/management/?type=ManagementBoard|title=Apollo Tyres Management Team|website=corporate.apollotyres.com|language=en|access-date=21 August 2017}}</ref>
* '''Europe'''
** Benoit Rivallant, President <ref>{{Cite news|url=https://corporate.apollotyres.com/en-in/press-media/news/benoit/|title=Apollo Tyres elevates Benoit Rivallant to head its European Operations|date=16 October 2018|work=Apollo tyres|access-date=26 October 2018}}</ref><ref name=":0" />
'''Board of Directors'''
* [[Onkar Kanwar]], Chairman & Managing Director
*[[Neeraj Kanwar]], Vice Chairman and Managing Director
* Akshay Chudasama
* Dr. S Narayan
* Francesco Gori <ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=8156590&privcapId=878338|title=Francesco Gori: Executive Profile & Biography - Bloomberg|website=www.bloomberg.com|access-date=21 August 2017}}</ref>
* [[Bikram Singh (general)|General Bikram Singh (Retd.)]]
* [[Nimesh Kampani|Nimesh N Kampani]]
* Pallavi Shroff
* Robert Steinmetz
* Sunam Sarkar
* [[Vikram Mehta|Vikram S Mehta]]
* [[Vinod Rai]]
*[[Anjali Bansal]]
*Dr M Beena
* Seema Thapar

== European Operations ==

Apollo Tyres currently sells Apollo and Vredestein (or Maloya) branded tyres in Europe.<ref name="in.com1"/> The company currently operates two tyre factories in Europe; in the [[Netherlands]] and in [[Hungary]].<ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|last=Bureau|first=BS B2B|date=10 April 2017|work=Business Standard India|access-date=8 May 2017}}</ref> The [[Enschede]] plant was acquired from Vredestein, the newly buit facility southeasterly from [[Gyöngyöshalász]] was inaugurated<ref>{{Cite news|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html|title=Apollo Tyres starts production from Hungarian plant|last=Bureau|first=BS B2B|date=10 April 2017|work=Business Standard India|access-date=17 April 2017}}</ref> for production on 7 April 2017.<ref>{{cite news |url=http://economictimes.indiatimes.com/industry/auto/tyres/hungary-plant-to-start-rolling-out-products-by-2017-apollo-tyres/articleshow/42734074.cms |title=Hungary plant to start rolling out products by 2017.A new plant is considered to be launched in north India: Apollo Tyres |publisher=[[The Economic Times]] |date=17 September 2014 |access-date=17 September 2014}}</ref>

== References ==
{{Reflist}}

== External links ==
* {{official|http://www.apollotyres.com }}
* [http://www.dunloptyres.co.za Dunlop Tyres South Africa website]
* [http://www.vredestein.com/ Apollo Tyres Acquires Vredestein Banden BV]

{{Nifty 200 companies}}

[[Category:Economy of Thrissur district]]
[[Category:Manufacturing companies based in Gurgaon]]
[[Category:Automotive companies established in 1972]]
[[Category:Tyre manufacturers of India]]
[[Category:Automotive companies of India]]
[[Category:Indian brands]]
[[Category:1972 establishments in Haryana]]
[[Category:Indian companies established in 1972]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

← Older revision		Revision as of 20:31, 1 October 2021
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	{{short description\|Indian tyre manufacturing company}}		{{short description\|Indian tyre manufacturing company}}
	~~[[File:Apollo Tyres Ltd & A Lock up stacked Black RGB L.png\|thumb]]~~
	{{Use dmy dates\|date=October 2018}}		{{Use dmy dates\|date=October 2018}}
	{{Use Indian English\|date=July 2016}}		{{Use Indian English\|date=July 2016}}
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	The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries.<ref>{{cite web\|url=http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html\|title=Annual Report for the Financial Year 2015-2016\|publisher=Apollo Tyres\|url-status=dead\|archive-url=https://web.archive.org/web/20160927032835/http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html\|archive-date=27 September 2016}}</ref>		The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries.<ref>{{cite web\|url=http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html\|title=Annual Report for the Financial Year 2015-2016\|publisher=Apollo Tyres\|url-status=dead\|archive-url=https://web.archive.org/web/20160927032835/http://www.apollotyres.com/uploads/annual-report-for-the-financial-year-2015-16/index.html\|archive-date=27 September 2016}}</ref>

	Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.<ref>{{Cite web\|url=http://epaperbeta.timesofindia.com/index.aspx?EID=31818&dt=20160604\|title=Widgets Magazine\|website=epaperbeta.timesofindia.com\|access-date=10 June 2016\|archive-url=https://web.archive.org/web/20160605082210/http://epaperbeta.timesofindia.com/index.aspx?eid=31818&dt=20160604\|archive-date=5 June 2016\|url-status=dead}}</ref>		Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.<ref>{{Cite web\|url=http://epaperbeta.timesofindia.com/index.aspx?EID=31818&dt=20160604\|title=Widgets Magazine\|website=epaperbeta.timesofindia.com\|access-date=10 June 2016\|archive-url=https://web.archive.org/web/20160605082210/http://epaperbeta.timesofindia.com/index.aspx?eid=31818&dt=20160604\|archive-date=5 June 2016\|url-status=dead}}</ref>

	The company's second plant in Europe, was inaugurated by the [[Prime Minister of Hungary\|Hungarian Prime Minister]], [[Viktor Orbán\|Viktor Orban]], in April 2017.<ref>{{Cite news\|url=http://www.financialexpress.com/industry/hungary-prime-minister-viktor-orban-opens-apollo-tyres-plant-near-budapest/620126/\|title=Hungary Prime Minister Viktor Orban opens Apollo Tyres plant near Budapest\|date=8 April 2017\|work=The Financial Express\|access-date=12 June 2017\|language=en-US}}</ref><ref>{{Cite news\|url=http://www.indianembassy.hu/?p=138983\|title=H.E. PM Viktor Orbán inaugurates the Apollo Tyres plant in Gyöngyöshalász\|date=7 April 2017\|work=Indian Embassy Hungary\|access-date=12 June 2017\|language=en-US\|archive-url=https://web.archive.org/web/20170408030600/http://www.indianembassy.hu/?p=138983\|archive-date=8 April 2017\|url-status=dead}}</ref><ref>{{Cite news\|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html\|title=Apollo Tyres starts production from Hungarian plant\|last=Bureau\|first=BS B2B\|date=10 April 2017\|work=Business Standard India\|access-date=12 June 2017}}</ref> Shares of Apollo Tyres Ltd. rose to their highest in little over two years in February, 2021. The stock was trading at Rs 253.10, up Rs 25.80, or 11.35 percent. It has touched a 52-week high of Rs 253.70. It has touched an intraday high of Rs 253.70 and an intraday low of [https://www.moneycontrol.com/news/business/stocks/apollo-tyres-stock-hits-52-week-high-after-2-fold-rise-in-q3-profit-to-rs-444-crore-6446121.html Rs 232.25].		The company's second plant in Europe, was inaugurated by the [[Prime Minister of Hungary\|Hungarian Prime Minister]], [[Viktor Orbán\|Viktor Orban]], in April 2017.<ref>{{Cite news\|url=http://www.financialexpress.com/industry/hungary-prime-minister-viktor-orban-opens-apollo-tyres-plant-near-budapest/620126/\|title=Hungary Prime Minister Viktor Orban opens Apollo Tyres plant near Budapest\|date=8 April 2017\|work=The Financial Express\|access-date=12 June 2017\|language=en-US}}</ref><ref>{{Cite news\|url=http://www.indianembassy.hu/?p=138983\|title=H.E. PM Viktor Orbán inaugurates the Apollo Tyres plant in Gyöngyöshalász\|date=7 April 2017\|work=Indian Embassy Hungary\|access-date=12 June 2017\|language=en-US\|archive-url=https://web.archive.org/web/20170408030600/http://www.indianembassy.hu/?p=138983\|archive-date=8 April 2017\|url-status=dead}}</ref><ref>{{Cite news\|url=http://www.business-standard.com/content/b2b-plastics-polymers/apollo-tyres-starts-production-from-hungarian-plant-117041000510_1.html\|title=Apollo Tyres starts production from Hungarian plant\|last=Bureau\|first=BS B2B\|date=10 April 2017\|work=Business Standard India\|access-date=12 June 2017}}</ref> Shares of Apollo Tyres Ltd. rose to their highest in little over two years in February, 2021. The stock was trading at Rs 253.10, up Rs 25.80, or 11.35 percent. It has touched a 52-week high of Rs 253.70. It has touched an intraday high of Rs 253.70 and an intraday low of [https://www.moneycontrol.com/news/business/stocks/apollo-tyres-stock-hits-52-week-high-after-2-fold-rise-in-q3-profit-to-rs-444-crore-6446121.html Rs 232.25].
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	Apollo Tyres Ltd. was incorporated on 28 September 1972 as a Public Limited Company and obtained certificate of Commencement of Business on 24 October 1972.<ref>{{Cite news\|url=https://www.business-standard.com/company/apollo-tyres-23/information/company-history\|title=Apollo Tyres Ltd.\|work=Business Standard India\|access-date=2020-02-25}}</ref> The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam and Jacob Thomas.<ref>{{Cite web\|url=https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms\|title=Apollo Tyres History {{!}} Apollo Tyres Information - The Economic Times\|website=economictimes.indiatimes.com\|access-date=2020-02-25}}</ref> In 1975, the company made its [https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms Initial public offer] of equity shares and its first manufacturing facility was commissioned in [[Perambra]] Plant, [[Thrissur]], [[Kerala]], India in 1977,<ref name="apollotyres.com" /> followed by its 2nd plant at Limda, [[Gujarat, India]]<ref name="apollotyres.com" /> in 1991. The company acquired Premier Tyres Limited- PTL in 1995, which became its 3rd plant at [[Kalamassery]], [[Kerala, India]].<ref>{{cite web\|url=http://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms\|title=The Economic Times}}</ref> In 2008, it started a new plant at [[Chennai]], [[Tamil Nadu, India]].<ref name="apollotyres.com"/> A year later in 2009, the company acquired the Netherlands-based tyre maker [[Vredestein Banden B.V.]] (VBBV) for an undisclosed sum<ref>[https://www.topnews.in/dutch-tyre-company-vredestein-banden-bv-acquired-apollo-tyres-2168276 Apollo Tyres Acquires Vredestein Banden BV]</ref>		Apollo Tyres Ltd. was incorporated on 28 September 1972 as a Public Limited Company and obtained certificate of Commencement of Business on 24 October 1972.<ref>{{Cite news\|url=https://www.business-standard.com/company/apollo-tyres-23/information/company-history\|title=Apollo Tyres Ltd.\|work=Business Standard India\|access-date=2020-02-25}}</ref> The company was promoted by Bharat Steel Tubes, Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam and Jacob Thomas.<ref>{{Cite web\|url=https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms\|title=Apollo Tyres History {{!}} Apollo Tyres Information - The Economic Times\|website=economictimes.indiatimes.com\|access-date=2020-02-25}}</ref> In 1975, the company made its [https://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms Initial public offer] of equity shares and its first manufacturing facility was commissioned in [[Perambra]] Plant, [[Thrissur]], [[Kerala]], India in 1977,<ref name="apollotyres.com" /> followed by its 2nd plant at Limda, [[Gujarat, India]]<ref name="apollotyres.com" /> in 1991. The company acquired Premier Tyres Limited- PTL in 1995, which became its 3rd plant at [[Kalamassery]], [[Kerala, India]].<ref>{{cite web\|url=http://economictimes.indiatimes.com/apollo-tyres-ltd/infocompanyhistory/companyid-63.cms\|title=The Economic Times}}</ref> In 2008, it started a new plant at [[Chennai]], [[Tamil Nadu, India]].<ref name="apollotyres.com"/> A year later in 2009, the company acquired the Netherlands-based tyre maker [[Vredestein Banden B.V.]] (VBBV) for an undisclosed sum<ref>[https://www.topnews.in/dutch-tyre-company-vredestein-banden-bv-acquired-apollo-tyres-2168276 Apollo Tyres Acquires Vredestein Banden BV]</ref>

	The company focused on the production of truck tyres in India and introduced its first truck tyre, Rajdhani in India.<ref>{{Cite web\|url=https://tyre-asia.com/2017/02/22/ambition-drive-based-values/\|title=Ambition, drive based on values\|date=2017-02-22\|website=Tyre Asia\|language=en-US\|access-date=2020-02-25}}</ref><ref name="in.com"/> The company expanded its operation across India and in 1996, it expanded operations outside India by acquiring [[Dunlop Tyres\|Dunlop]]'s Africa operations.<ref name="in.com1">{{cite web\|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0\|archive-url=https://web.archive.org/web/20110129160108/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0\|url-status=dead\|archive-date=2011-01-29\|title=Forbes India Magazine - Apollo's Play in Europe}}</ref> In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to [[Sumitomo Rubber Industries]] of Japan.<ref>{{cite web\|url=http://www.tirereview.com/Article/114083/sumitomo_acquires_assets_of_apollo_tyres_south_africa.aspx\|title=Sumitomo Acquires Assets of Apollo Tyres South Africa\|author=Tire Review Staff\|work=Tire Review Magazine}}</ref> The very same year, it started its Global R&D Centre, Europe in Enschede, the Netharlands.<ref>{{Cite news\|url=http://www.thehindubusinessline.com/companies/apollo-tyres-opens-rd-centre-in-netherlands/article4307572.ece\|title=Apollo Tyres opens R&D centre in Netherlands~~\|last=Bureau\|first=Our~~\|date=14 January 2013\|work=The Hindu Business Line\|access-date=17 August 2017\|language=en}}</ref>		The company focused on the production of truck tyres in India and introduced its first truck tyre, Rajdhani in India.<ref>{{Cite web\|url=https://tyre-asia.com/2017/02/22/ambition-drive-based-values/\|title=Ambition, drive based on values\|date=2017-02-22\|website=Tyre Asia\|language=en-US\|access-date=2020-02-25}}</ref><ref name="in.com"/> The company expanded its operation across India and in 1996, it expanded operations outside India by acquiring [[Dunlop Tyres\|Dunlop]]'s Africa operations.<ref name="in.com1">{{cite web\|url=http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0\|archive-url=https://web.archive.org/web/20110129160108/http://business.in.com/article/boardroom/apollos-play-in-europe/21562/0\|url-status=dead\|archive-date=2011-01-29\|title=Forbes India Magazine - Apollo's Play in Europe}}</ref> In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to [[Sumitomo Rubber Industries]] of Japan.<ref>{{cite web\|url=http://www.tirereview.com/Article/114083/sumitomo_acquires_assets_of_apollo_tyres_south_africa.aspx\|title=Sumitomo Acquires Assets of Apollo Tyres South Africa\|author=Tire Review Staff\|work=Tire Review Magazine}}</ref> The very same year, it started its Global R&D Centre, Europe in Enschede, the Netharlands.<ref>{{Cite news\|url=http://www.thehindubusinessline.com/companies/apollo-tyres-opens-rd-centre-in-netherlands/article4307572.ece\|title=Apollo Tyres opens R&D centre in Netherlands\|date=14 January 2013\|work=The Hindu Business Line\|access-date=17 August 2017\|language=en}}</ref>

	In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million.<ref>{{Cite web\|title = Apollo Tyres may miss 2020 revenue target\|url = http://www.livemint.com/Companies/fy2mtFKrVPdJ1i7lcpqQwO/Apollo-Tyres-acquires-Germanys-Reifencom-for-456-million.html\|access-date = 14 December 2015}}</ref> It shifted its corporate office for Europe region to Amsterdam from Enschede, the Netherlands<ref>{{Cite news\|url=http://www.tyrepress.com/2016/05/apollo-vredestein-management-now-based-in-amsterdam/\|title=Apollo Vredestein management now based in Amsterdam\|date=20 May 2016\|work=Tyrepress\|access-date=17 August 2017\|language=en-US}}</ref> and opened a Global R&D Centre, Asia in [[Chennai]], India a few months later.<ref>{{Cite web\|url=http://auto.economictimes.indiatimes.com/news/tyres/apollo-tyres-opens-its-global-rd-centre-asia-in-chennai/55337917\|title=Apollo Tyres opens its Global R&D Centre, Asia in Chennai - ET Auto\|last=www.ETAuto.com\|website=ETAuto.com\|language=en\|access-date=17 August 2017}}</ref>		In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million.<ref>{{Cite web\|title = Apollo Tyres may miss 2020 revenue target\|url = http://www.livemint.com/Companies/fy2mtFKrVPdJ1i7lcpqQwO/Apollo-Tyres-acquires-Germanys-Reifencom-for-456-million.html\|access-date = 14 December 2015}}</ref> It shifted its corporate office for Europe region to Amsterdam from Enschede, the Netherlands<ref>{{Cite news\|url=http://www.tyrepress.com/2016/05/apollo-vredestein-management-now-based-in-amsterdam/\|title=Apollo Vredestein management now based in Amsterdam\|date=20 May 2016\|work=Tyrepress\|access-date=17 August 2017\|language=en-US}}</ref> and opened a Global R&D Centre, Asia in [[Chennai]], India a few months later.<ref>{{Cite web\|url=http://auto.economictimes.indiatimes.com/news/tyres/apollo-tyres-opens-its-global-rd-centre-asia-in-chennai/55337917\|title=Apollo Tyres opens its Global R&D Centre, Asia in Chennai - ET Auto\|last=www.ETAuto.com\|website=ETAuto.com\|language=en\|access-date=17 August 2017}}</ref>

	In 2016, the company signed an MoU with the Government of Andhra Pradesh to set up a new factory in the state.<ref>{{Cite news\|url=http://www.thehindubusinessline.com/companies/apollo-tyres-plans-500cr-factory-in-andhra-pradesh/article9325043.ece\|title=Apollo Tyres plans ₹500-cr factory in Andhra Pradesh~~\|last=Bureau\|first=Our~~\|date=9 November 2016\|work=The Hindu Business Line\|access-date=17 August 2017\|language=en}}</ref> In 2017, it inaugurated its plant in Hungary.<ref name="www.autocarpro.in" /> On 9 January 2018, the [[List of chief ministers of Andhra Pradesh\|Chief Minister of Andhra Pradesh]], [[N. Chandrababu Naidu\|N Chandrababu Naidu]] laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in [[Andhra Pradesh]]. The plant will come up over a 200-[[acre]] site in Chinnapanduru village near Sri City in [[Chittoor, Andhra Pradesh\|Chittoor]] district and produce passenger car radial (PCR) tyres with an initial capacity of 55 [[lakh]] (5.5 million) tyres per year and will serve both domestic and export markets.<ref>{{Cite news\|last=Mukherjee\|first=Sharmistha\|url=https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-to-invest-rs-1800-crore-in-first-phase-in-andhra-pradesh/articleshow/62429224.cms\|title=Apollo Tyres to invest Rs 1800 crore in first phase in Andhra Pradesh\|date=2018-01-09\|work=The Economic Times\|access-date=2020-02-25}}</ref><ref>{{Cite web\|url=https://www.thehindubusinessline.com/news/national/apollo-tyres-to-invest-1800-cr-in-andhra-pradesh-factory/article10022453.ece\|title=Apollo Tyres to invest ₹1,800 cr in Andhra Pradesh factory\|last=Balachandar\|first=G.\|website=@businessline\|language=en\|access-date=2020-02-25}}</ref>		In 2016, the company signed an MoU with the Government of Andhra Pradesh to set up a new factory in the state.<ref>{{Cite news\|url=http://www.thehindubusinessline.com/companies/apollo-tyres-plans-500cr-factory-in-andhra-pradesh/article9325043.ece\|title=Apollo Tyres plans ₹500-cr factory in Andhra Pradesh\|date=9 November 2016\|work=The Hindu Business Line\|access-date=17 August 2017\|language=en}}</ref> In 2017, it inaugurated its plant in Hungary.<ref name="www.autocarpro.in" /> On 9 January 2018, the [[List of chief ministers of Andhra Pradesh\|Chief Minister of Andhra Pradesh]], [[N. Chandrababu Naidu\|N Chandrababu Naidu]] laid the foundation stone for Apollo Tyres' ₹1,800-crore tyre factory in [[Andhra Pradesh]]. The plant will come up over a 200-[[acre]] site in Chinnapanduru village near Sri City in [[Chittoor, Andhra Pradesh\|Chittoor]] district and produce passenger car radial (PCR) tyres with an initial capacity of 55 [[lakh]] (5.5 million) tyres per year and will serve both domestic and export markets.<ref>{{Cite news\|last=Mukherjee\|first=Sharmistha\|url=https://economictimes.indiatimes.com/industry/auto/tyres/apollo-tyres-to-invest-rs-1800-crore-in-first-phase-in-andhra-pradesh/articleshow/62429224.cms\|title=Apollo Tyres to invest Rs 1800 crore in first phase in Andhra Pradesh\|date=2018-01-09\|work=The Economic Times\|access-date=2020-02-25}}</ref><ref>{{Cite web\|url=https://www.thehindubusinessline.com/news/national/apollo-tyres-to-invest-1800-cr-in-andhra-pradesh-factory/article10022453.ece\|title=Apollo Tyres to invest ₹1,800 cr in Andhra Pradesh factory\|last=Balachandar\|first=G.\|website=@businessline\|language=en\|access-date=2020-02-25}}</ref>

	== Corporate Structure and Leadership ==		== Corporate Structure and Leadership ==