>PearBOT II: Adding automatically generated short description. For more information see Wikipedia:Bots/Requests for approval/PearBOT 5 Feedback appreciated at User talk:Trialpears

2021-04-07T21:16:05Z

Adding automatically generated short description. For more information see Wikipedia:Bots/Requests for approval/PearBOT 5 Feedback appreciated at User talk:Trialpears

New page

{{short description|Indian businessman (born 1971)}}
{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Infobox person
|name = Neeraj Kanwar
|image = Neeraj Kanwar.jpg
|birth_date = {{Birth date and age|df=yes|1971|09|06}}<ref name="ref 17">{{cite web|title=PTL Enterprises Ltd 55th Annual Report|url=https://www.ptlenterprise.com/pdf/annual-report-2015-16.pdf|accessdate=27 September 2017}}</ref>
|birth_place =
|nationality = Indian
|alma_mater = [[St. Columba's School, Delhi]]<br> [[Lehigh University]]
|occupation = [[Vice chairman]] and [[managing director]], [[Apollo Tyres]]
|spouse = Simran Kanwar
|children = 2
|parents = [[Onkar Kanwar]]
|website =
|footnotes =
}}

'''Neeraj Kanwar''' (born 6 September 1971) is an Indian businessman. He is the [[vice chairman]] and [[managing director]] of [[Apollo Tyres]], India's second-largest [[tire|tyre]] manufacturer with annual revenues of over $2.27<ref>https://corporate.apollotyres.com/en-in/press-media/news/fy20/?subsection=Announcements</ref> billion.<ref>
*{{cite news|last1=Raj|first1=Amrit|title=Apollo’s Kanwar enters big league of Indian business leaders|url=http://www.livemint.com/Companies/Z1tUN4bleDj8aRM2neK7PK/Apollos-Kanwar-enters-big-league-of-Indian-business-leaders.html|accessdate=27 September 2017|work=livemint|date=17 June 2013}}
*{{cite news|last1=Mukherjee|first1=Sharmistha|title=Neeraj Kanwar announces his arrival|url=http://www.business-standard.com/article/companies/neeraj-kanwar-announces-his-arrival-113082801163_1.html|accessdate=27 September 2017|work=Business Standard India|date=28 August 2013}}
*{{cite news|last1=Thomas|first1=Prince Mathews|title=It just keeps rolling along|url=http://www.thehindubusinessline.com/opinion/books/prince-mathews-thomas-reviews-man-behind-the-wheel/article9709233.ece|accessdate=27 September 2017|work=The Hindu Business Line|date=21 May 2017|language=en}}</ref> He is credited with turning Apollo Tyres from a commercial vehicle-focussed tyre manufacturer in India into a multinational company that now manufactures tyres for commercial and passenger vehicles as well as two-wheeler tyres.<ref>
*{{cite news|last1=Mishra|first1=Richa|title=Joint ventures are not in our DNA, says Apollo Tyres MD|url=http://www.thehindubusinessline.com/todays-paper/tp-corporate/joint-ventures-are-not-in-our-dna-says-apollo-tyres-md/article4996883.ece|accessdate=27 September 2017|work=The Hindu Business Line|date=7 August 2013|language=en}}
*{{cite news|last1=BUREAU|first1=OUR|title=Apollo Tyres guns for pole position in 3 segments|url=http://www.thehindubusinessline.com/companies/apollo-tyres-guns-for-pole-position/article9108012.ece|accessdate=27 September 2017|work=The Hindu Business Line|date=14 September 2016|language=en}}</ref>

==Education==
Kanwar was educated at [[St. Columba's School, Delhi]] and thereafter graduated in engineering from [[Lehigh University]] in [[Pennsylvania]], US.<ref name="ref 3">{{cite news|title=I live for today, not tomorrow|url=http://www.financialexpress.com/archive/i-live-for-today-not-tomorrow/345589/|accessdate=27 September 2017|work=The Financial Express|date=7 August 2008}}</ref>

==Career==
Kanwar started his career with a training stint at [[American Express Bank]] in New York City. He thereafter returned to India and started Global Finance Ltd, a [[non-bank financial institution]] which shut after three years. In 1985 Kanwar became the third generation of his family to join Apollo Tyres, which was launched by his grandfather Raunaq Singh and later taken over by his father [[Onkar Kanwar]]. His first position in the company was in the sales team.<ref name="ref 3" />

In 2002, Kanwar took over daily operations from his father.<ref name="ref 11">{{cite news|title=Apollo Tyres' quest for a global grip |url=http://www.forbesindia.com/article/northen-giants/apollo-tyres-quest-for-a-global-grip/44429/1|accessdate=27 September 2017|work=Forbes India|date=12 October 2016}}</ref> Kanwar is the force behind Apollo's international acquisitions. When the company announced its acquisition of [[Dunlop Tyres]], [[South Africa]] in 2006 it simultaneously announced Kanwar's elevation as the company's Managing Director.<ref name="ref 9">{{cite news|title=Apollo buys Dunlop, S.Africa|url=http://www.thehindu.com/todays-paper/tp-business/apollo-buys-dunlop-safrica/article3247148.ece|accessdate=27 September 2017|work=The Hindu|date=31 January 2006|language=en-IN}}</ref> The company later sold most of its South African operations to [[Sumitomo Rubber Industries]] in 2013, retaining one plant in [[Durban]].<ref name="ref 10">{{cite news|title=Apollo Tyres sells South African business to Sumitomo Rubber for Rs 340 crore|url=http://economictimes.indiatimes.com/tyres/apollo-tyres-sells-south-african-business-to-sumitomo-rubber-for-rs-340-crore/articleshow/20333060.cms?intenttarget=no|accessdate=27 September 2017|work=The Economic Times|date=30 May 2013}}</ref>

In 2009, under the aegis of Kanwar, Apollo bought out [[Vredestein Banden]] in the Netherlands, thus giving the company a foothold in Europe.<ref name="ref 11" /> Apollo bought ''Reifencom GmbH'' in Germany in 2015, giving it access to distribution channels across Europe.<ref name="ref 13">{{cite news|title=Focus on growth, R&D shaping Apollo's journey, says Vice Chairman and MD Neeraj Kanwar|url=http://www.businesstoday.in/opinion/interviews/focus-on-growth-rd-shaping-apollo-journey-says-vice-chairman-and-md-neeraj-kanwar/story/251320.html|accessdate=27 September 2017|work=www.businesstoday.in|date=2 May 2017}}</ref> After a failed takeover attempt of [[Cooper Tires]] in 2013, Kanwar decided to focus on organic growth by investing in new greenfield facilities in [[Chennai]], India and [[Budapest]], Hungary.<ref name="ref 8">{{cite news|last1=Mitra|first1=Moinak|title=Apollo Tyres MD Neeraj Kanwar plans to make it a global player|url=http://economictimes.indiatimes.com/magazines/corporate-dossier/apollo-tyres-md-neeraj-kanwar-plans-to-make-it-a-global-player/articleshow/47628069.cms|accessdate=27 September 2017|work=The Economic Times|date=12 June 2015}}</ref> The Hungary plant was inaugurated in 2017.<ref name="ref 12">{{cite news|last1=SK|first1=Lokeshwarri|title=‘Hungary welcomed us with smile and sops’|url=http://www.thehindubusinessline.com/companies/hungary-welcomed-us-with-smile-and-sops/article9634508.ece|accessdate=27 September 2017|work=The Hindu Business Line|date=12 April 2017|language=en}}</ref>

==Personal life==

In partnership with Amit Burman (vice chairman of [[Dabur]]), Kanwar bought an Italian restaurant called ''Scalini'' in London in 2014.<ref name="ref 6">{{cite news|url=http://www.business-standard.com/article/opinion/lunch-with-bs-amit-burman-114042600155_1.html|title=Lunch with BS: Amit Burman|last1=Bhandari|first1=Bhupesh|date=25 April 2014|work=Business Standard India|accessdate=27 September 2017}}</ref> Kanwar and Burman met during their University days in Pennsylvania and remained friends.<ref name="ref 3" />

Apart from his business activities, Kanwar serves as the vice chairman of the [[British Asian Trust]] in India, a charity founded by [[Charles, Prince of Wales| Prince Charles]].<ref name="ref 4">{{cite news|url=http://www.mid-day.com/articles/salaam-bombay-to-salaam-britain/204305|title=Salaam Bombay to Salaam Britain|last1=Roy|first1=Amit|date=15 March 2013|work=mid-day|accessdate=27 September 2017|language=en}}</ref>

Neeraj Kanwar is the second son of Onkar Kanwar and has an elder brother, Raja. He married Simran Kanwar and they have two children, son Jai Karan and daughter Sayra Taru.<ref name="ref 3" /> In 2013, he relocated to London to focus on the attempted buyout of Cooper Tires. Though the deal did not work out, Kanwar settled in London to focus on Apollo's international operations and better manage its international investors.<ref name="ref 7">{{cite news|last1=Mukherjee|first1=Sharmistha|title=Promoters of Indian auto companies relocating to grow their brands on the international stage|url=http://economictimes.indiatimes.com/industry/auto/news/industry/promoters-of-indian-auto-companies-relocating-to-grow-their-brands-on-the-international-stage/articleshow/51465024.cms|accessdate=27 September 2017|work=The Economic Times|date=19 March 2016}}</ref>

Kanwar resides in London's [[Mayfair]] neighbourhood.<ref>*{{cite web|url=http://courtnewsuk.co.uk/high-end-burglars-court/|title=High-end 'burglars' in court - Court News UK|author=|date=|website=courtnewsuk.co.uk|accessdate=4 October 2017}}
*{{cite news|title=Apollo Tyres turns its back on China|url=https://www.ft.com/content/b29a93f6-8e73-11e3-98c6-00144feab7de|accessdate=4 October 2017|work=Financial Times|date=6 February 2014}}</ref>

==References==
{{Reflist}}

{{DEFAULTSORT:Kanwar, Neeraj}}
[[Category:Living people]]
[[Category:1971 births]]
[[Category:Businesspeople from Delhi]]

Neeraj Kanwar - Revision history

>PearBOT II: Adding automatically generated short description. For more information see Wikipedia:Bots/Requests for approval/PearBOT 5 Feedback appreciated at User talk:Trialpears