->Nerilanik: Adding short description: "Indian businessman" (Shortdesc helper)

2021-08-12T16:35:37Z

Adding short description: "Indian businessman" (Shortdesc helper)

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{{Short description|Indian businessman}}
{{Use dmy dates|date=May 2018}}
{{Use Indian English|date=May 2018}}
{{Infobox person
| name = Onkar Singh Kanwar
| image =
| image_size =
| caption =
| birth_date = {{birth year and age|1942|03}}
| birth_place = Sialkot, [[British India]] (now in Pakistan)
| death_date =
| death_place =
| nationality = Indian
| education = [[California State University]]
| occupation = Businessman
| salary =
| boards =
| spouse = Taru Kanwar
| children = 3
| parents = Raunaq Singh <br> Satwant Kaur
| website =
| known for = Chairman and CEO, [[Apollo Tyres]]
| networth = US$1 billion (2017)<ref name="2017 Hurun India list">{{Cite web|url=https://www.hurun.net/EN/HuList/Index?num=DnA5wQniJ0Ah|title=Hurun Report - Hurun List|website=www.hurun.net}}</ref>
| relations =
}}

'''Onkar Singh Kanwar''' (born March 1942)<ref name="Companies House">{{cite web|title=APOLLO TYRES (UK) PVT LIMITED|url=https://beta.companieshouse.gov.uk/company/07993963/officers|website=Companies House|access-date=24 January 2017}}</ref> is an Indian businessman, chairman and managing director of [[Apollo Tyres]]. Also, he is the chairman of [[Artemis Global Life Sciences]], [[PTL Enterprises]] and Premedium Pharmaceuticals Pvt Ltd. <ref>{{Cite web|url=https://s3.eu-central-1.amazonaws.com/apolloproducts/3985/notice-annual-report-atl-fy17.pdf|title=Apollo Tyres Annual Report}}</ref>

==Early life==
Onkar Singh Kanwar is the eldest son of Raunaq Singh (1922-2002), the co-founder of Apollo Tyres in 1976, and his first wife.<ref name="forbes1"/><ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/HLL-chief-calls-for-character-among-business-leaders/articleshow/23701289.cms |title=HLL chief calls for character among business leaders |website=Timesofindia.indiatimes.com |date=2002-09-30 |access-date=2017-01-25}}</ref><ref>{{cite web|url=http://indiatoday.intoday.in/story/md-of-apollo-tyres-raunaq-singh-and-son-onkar-singh-kanwar-feud-over-the-group-flagship/1/302877.html |title=MD of Apollo Tyres Raunaq Singh and son Onkar Singh Kanwar feud over Apollo Tyres' flagship |website=Indiatoday.intoday.in |date=1993-09-15 |access-date=2017-01-25}}</ref>

==Career==
After his undergraduate degree in business administration and industrial engineering, Onkar worked as a salesman in [[Riverside, California]] working on estimates for different government contracts for about six months. He then worked for Abbey Etna Machine Company in [[Perrysburg, Ohio]] on the shop floor. The president of Etna Company after discussions with the Kanwar family and looking at the perseverance of Onkar invested money to start a new pipe factory in India.<ref>{{Cite book|title=The man behind the wheel: how Onkar S. Kanwar created a global giant|last=Bouquet|first=Tim|year=2016|isbn=978-81-291-4500-0}}.....</ref>

Kanwar has grown Apollo Tyres from a small single plant Indian company into a multinational with six plants worldwide, and annual revenues in excess of US$2 billion.<ref>{{cite web|title="The Man Behind The Wheel", Onkar S Kanwar launches his biography - InTabloid.com|url=https://intabloid.com/news/the-man-behind-the-wheel-onkar-s-kanwar-launches-his-biography/010985|website=InTabloid.com|date=17 December 2016}}</ref>

In June 2013, it was reported that Apollo Tyres would buy US-based [[Cooper Tire & Rubber Company]] for about $2.5 billion in a deal that would make it the world's seventh-largest tyre maker,<ref name="forbes2">{{cite web|url=https://www.forbes.com/sites/naazneenkarmali/2013/06/12/the-quiet-rise-of-onkar-kanwar-the-new-owner-of-cooper-tires/#42aa8d8541a0 |title=The Quiet Rise Of Onkar Kanwar, The New Owner Of Cooper Tires |newspaper=Forbes |date=2013-06-13 |access-date=2016-04-07}}</ref> but the takeover collapsed after legal battles.<ref>{{cite web|url=http://www.livemint.com/Companies/p59PSAMFw1o0ak3hXJDsxH/Apollo-Tyres-Neeraj-Kanwar-goes-back-to-the-drawing-board.html |title=Apollo Tyres' Neeraj Kanwar goes back to the drawing board |publisher=Livemint |date=2014-03-03 |access-date=2016-04-07}}</ref>

Kanwar also owns specialty hospitals under the Artemis brand in northern India.<ref name="forbes1">{{cite web|url=https://www.forbes.com/profile/onkar-kanwar/ |title=Onkar Kanwar |work=Forbes |access-date=2016-04-07}}</ref>

Kanwar was the president of [[Federation of Indian Chambers of Commerce & Industry]] for 2004-05.<ref>{{Cite web|url=https://www.thehindubusinessline.com/2004/12/29/stories/2004122902220300.htm|title=The Hindu Business Line : Onkar Kanwar takes over as FICCI President|last=ndkrs|website=www.thehindubusinessline.com|access-date=2018-03-05}}</ref> He is the chairman of the [[BRICS]] Business Council, India.<ref>{{Cite news|url=http://www.financialexpress.com/opinion/need-to-double-level-of-intra-brics-trade-onkar-s-kanwar/556304/|title=Need to double level of intra-BRICS trade: Onkar S Kanwar|date=2017-02-18|work=The Financial Express|access-date=2018-03-05|language=en-US}}</ref><ref>{{Cite news|url=https://scroll.in/article/817619/brics-may-not-replace-the-old-world-order-but-it-could-still-make-a-difference|title=BRICS may not replace the old world order – but it could still make a difference|last=Sarkar|first=Urvashi|work=Scroll.in|access-date=2018-03-05|language=en-US}}</ref> It was established during the Fifth BRICS Summit held in March 2013 in Durban, South Africa. Kanwar is the recipient of an [[Ernst & Young Entrepreneur of the Year Award|Ernst and Young Entrepreneur of the Year Award]] for India, in the manufacturing category in 2012.<ref>{{Cite news|url=http://www.business-standard.com/article/companies/adi-godrej-is-e-y-entrepreneur-of-the-year-113022100652_1.html|title=Adi Godrej is E&Y Entrepreneur of the year|last=Reporter|first=B. S.|date=2013-02-22|work=Business Standard India|access-date=2018-03-05}}</ref> In October 2018, Kanwar was awarded with ‘[[Order of Merit of the Republic of Hungary|Order of Merit]]’ of Hungary, in recognition of his work towards strengthening Hungarian-Indian economic relations through the company’s investment in Hungary, thereby helping create new jobs in Hungary <ref>{{Cite news|url=https://auto.economictimes.indiatimes.com/news/industry/onkar-s-kanwar-awarded-with-order-of-merit-of-hungary/66431729|title=Economic Times}}</ref> In November 2018, Kanwar was conferred with Japanese honor '[[Order of the Rising Sun]]', Gold and Silver Star. The honor, awarded by Prime Minister [[Shinzō Abe|Shinzo Abe]] in the presence of [[Akihito|Emperor Akihito]], was in honor of Kanwar’s contributions towards strengthening the economic relations between Japan and India and for promoting Japanese companies’ entry into the Indian market.<ref>{{Cite news|url=https://economictimes.indiatimes.com/magazines/panache/apollo-tyres-chairman-onkar-s-kanwar-conferred-with-japanese-honour-order-of-the-rising-sun/articleshow/66837490.cms|title=Economic Times}}</ref>

==Personal life==
Kanwar is married with three children and lives in Delhi.<ref name="forbes1"/> His eldest child is his daughter Shalini who lives in Singapore. His elder son Raaja runs a clutch of businesses in the logistics and international trading space, and his younger son [[Neeraj Kanwar]] is vice-chairman and managing director of Apollo Tyres.<ref name="forbes1"/>

==Honours==
*[[File:JPN Kyokujitsu-sho 2Class BAR.svg|45px|ribbon bar]] [[Order of the Rising Sun|Order of the Rising Sun, 2nd Class, Gold and Silver Star]] (2018)

==References==
{{Reflist}}

{{Authority control}}

{{DEFAULTSORT:Kanwar, Onkar Singh}}
[[Category:1942 births]]
[[Category:Businesspeople from Delhi]]
[[Category:Living people]]
[[Category:People from Sialkot]]
[[Category:Indian billionaires]]
[[Category:Recipients of the Order of the Rising Sun, 2nd class]]
[[Category:People named in the Panama Papers]]

Onkar Kanwar - Revision history

->Nerilanik: Adding short description: "Indian businessman" (Shortdesc helper)