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{{short description|Indian | {{short description|Indian manufacturing company}} | ||
{{Use dmy dates|date=February 2019}} | |||
{{Use dmy dates|date=February 2019}}{{Use Indian English|date=July 2018}} | {{Use Indian English|date=July 2018}} | ||
{{Infobox company | {{Infobox company | ||
| name = Balkrishna Industries Limited | | name = Balkrishna Industries Limited | ||
| type = [[Public company|Public]] | | type = [[Public company|Public]] | ||
| traded_as = {{BSE|502355}} <br /> {{NSE|BALKRISIND}} | | traded_as = {{BSE|502355}} <br /> {{NSE|BALKRISIND}} | ||
| logo = | | logo = Balkrishna Tyres Logo.svg | ||
| logo_size = 250px | | logo_size = 250px | ||
| foundation = 1987<ref>{{Cite | | foundation = 1987<ref>{{Cite news|url=https://www.bkt-tires.com/en/about-us/corporate-profile|title=About Us | BKT Tires}}</ref> | ||
| founder = | | founder = | ||
| industry = [[Automobile|Auto]] and [[Truck]] parts | | industry = [[Automobile|Auto]] and [[Truck]] parts | ||
| Line 15: | Line 15: | ||
| key_people = | | key_people = | ||
| products = [[Tyres]] | | products = [[Tyres]] | ||
| revenue = {{increase}} {{INRConvert| | | revenue = {{increase}} {{INRConvert|9810|c}} (FY23)<ref name="fy23"/> | ||
| operating_income = | | operating_income = | ||
| net_income = {{ | | net_income = {{decrease}} {{INRConvert|1078|c}} (FY23)<ref name="fy23">{{cite news |title=Balkrishna Inds Slides After Q4 Pat Drops 32Percent Yoy To Rs 255 Cr |url=https://www.capitalmarket.com/news/hot-pursuit/balkrishna-inds-slides-after-q4-pat-drops-32percent-yoy-to-rs-255-cr-/1426022 |access-date=9 June 2023 |work=Capital Market}}</ref> | ||
| assets = | | assets = | ||
| equity = | | equity = | ||
| num_employees = | | num_employees = 7000+ | ||
| parent = | | parent = | ||
| subsid = | | subsid = | ||
| homepage = {{URL | | homepage = {{official URL}} | ||
}} | }} | ||
'''Balkrishna Industries Limited''' ('''BKT''') is an [[India|Indian multinational]] [[tire|tyre]] manufacturing company based in [[Mumbai]], India. Balkrishna Industries manufactures off-highway tyres used in specialist | '''Balkrishna Industries Limited''' ('''BKT''') is an [[India|Indian multinational]] [[tire|tyre]] manufacturing company based in [[Mumbai]], India. Balkrishna Industries manufactures off-highway tyres used in specialist segmentations like [[mining]], [[earthmoving]], [[agriculture]], and [[gardening]] in five factories located in [[Aurangabad, Maharashtra|Aurangabad]], [[Bhiwadi]], Chopanki, [[Dombivali]], and [[Bhuj]]. In 2013, it was ranked 41st among the world’s tyre makers.<ref>{{Cite news|url=http://www.tirebusiness.com/article/20141030/NEWS/141039992/bkt-opens-1st-u-s-warehouse|title=BKT opens 1st U.S. warehouse – Tire Business|work=Tire Business|access-date=24 January 2018}}</ref> BKT sponsors various [[Sport|sports]] competitions in several countries, most notably [[Monster Jam]].<ref>{{Cite web |last=Editors |first=Tyrepress |date=2014-03-04 |title=BKT the official tyre of Monster Jam |url=https://www.tyrepress.com/2014/03/bkt-the-official-tyre-of-monster-jam/ |access-date=2025-05-02 |website=Tyrepress |language=en-GB}}</ref> | ||
[[File:EXCON 2025, Bangalore International Exhibition Centre (492).jpg|thumb|right|BKT at [[EXCON]] 2025, [[Bangalore International Exhibition Centre|BIEC]] ]] | |||
[[File:EXCON 2025, Bangalore International Exhibition Centre (495).jpg|thumb|right|A BKT tyre at display in EXCON 2025, BIEC]] | |||
==History== | ==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 | 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 Dubai (2002) and Chopanaki (2006). It also diversified its product line by introducing tyres for ATV, earthmoving and gardening vehicles. | ||
==Operations== | ==Operations== | ||
Balkrishna Industries is currently an [[OEM]] vendor for [[heavy equipment]] manufacturers like [[JCB ( | Balkrishna Industries is currently an [[OEM]] vendor for [[heavy equipment]] manufacturers like [[JCB (heavy equipment manufacturer)|JCB]], [[John Deere]], and [[CNH Industrial]]. In 2014, BKT held a 8% [[market share]] of the global off-the-road tyre segment.<ref>{{Cite news|url=https://economictimes.indiatimes.com/articleshow/33526268.cms?intenttarget=no|title=What makes Balkrishna Industries confident of achieving higher market share amid competition from Michelin, Bridgestone, and Continental?|last=Shyam|first=Ashutosh R.|date=10 April 2014|work=The Economic Times|access-date=24 January 2018}}</ref> | ||
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]].<ref>{{Cite news|url= | 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]].<ref>{{Cite news|url=https://www.tyrepress.com/2014/12/bkt-investing-in-infrastructure-staff-in-north-america/|title=BKT investing in infrastructure, staff in North America|date=17 December 2014|work=Tyrepress|access-date=24 January 2018|language=en-US}}</ref> About 80 percent of Balkrishna Industries' business in the United States is in the farm market.<ref>{{Cite news|url=http://www.rubbernews.com/article/20130729/ISSUE/307299985/tire-veteran-casalbore-ready-for-challenge-at-bkt-usa|title=Tire veteran Casalbore ready for challenge at BKT USA - Rubber & Plastics News|last=McCarron|first=Kathy|work=Rubber & Plastics News|access-date=24 January 2018}}</ref> | ||
BKT Tires has been the official and exclusive tyre [[sponsor (commercial)|sponsor]] for [[Monster Jam]] since 2014.<ref>{{Cite news|url= | In 2025, it incorporated a subsidiary in the [[Netherlands]]. It also announced a five year roadmap involving 400 million dollars in investment.<ref>{{Cite web |last=Stephen |date=2025-06-23 |title=BKT establishes Netherlands-based subsidiary |url=https://www.tyrepress.com/2025/06/bkt-establishes-netherlands-based-subsidiary/ |access-date=2025-09-19 |website=Tyrepress |language=en-GB}}</ref><ref>{{Cite web |last=Awan |first=Zahra |date=2025-05-30 |title=BKT announces 2030 roadmap with US$400m in investments |url=https://www.tiretechnologyinternational.com/news/investments/bkt-announces-2030-roadmap-with-us400m-in-investments.html |access-date=2025-09-19 |website=Tire Technology International |language=en-GB}}</ref> | ||
===Sponsorships=== | |||
[[File:BKT Tires Display Monster Truck 2024.jpg|thumb|right|A monster truck promoting BKT, the official tire of Monster Jam (2024)]] | |||
BKT Tires has been the official and exclusive tyre [[sponsor (commercial)|sponsor]] for [[Monster Jam]] (a competition involving [[monster truck]]s) since 2014.<ref>{{Cite news|url=https://www.tyrepress.com/2014/03/bkt-the-official-tyre-of-monster-jam/|title=BKT the official tyre of Monster Jam|date=4 March 2014|work=Tyrepress|access-date=24 January 2018|language=en-US}}</ref> | |||
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.<ref>{{Cite web|url=https://www.calcioefinanza.it/2018/06/22/nuovo-title-sponsor-serie-b-bkt/|title=La B cambia nome: Si chiamerà Serie BKT fino al 2021|date=22 June 2018}}</ref> | |||
On 15 January 2020, BKT signed an agreement with [[Ligue de Football Professionnel|LFP]] to rename the French football second division as [[Ligue 2|Ligue 2 BKT]] for four years.<ref>{{Cite web|title=Accord majeur de naming entre la Ligue 2 et BKT|url=https://www.lfp.fr/Articles/COMMUNIQUÉS/2020/01/15/signature-d-un-accord-majeur-de-naming-entre-la-ligue-2-et-bkt|access-date=8 February 2021|website=LFP|date=15 January 2020 |language=fr-FR}}</ref> The sponsorship deal was extended until 2028.<ref>{{Cite web |date=14 June 2023 |title=BKT retains Ligue 2 naming rights |url=https://www.sportbusiness.com/news/bkt-retains-ligue-2-naming-rights/ |access-date=6 July 2023 |website=SportBusiness |language=en-US|url-access=subscription}}</ref> | |||
On 2 September 2022, BKT were announced as northern hemisphere title sponsorship for the [[United Rugby Championship]] for three years.<ref>{{Cite web |date=2 September 2022 |title=BKT Becomes United Rugby Championship Northern-Hemisphere Title Sponsor|url=https://www.unitedrugby.com/latest/news/bkt-becomes-united-rugby-championship-northern-hemisphere-title-sponsor |access-date=31 August 2023 |website=United Rugby Championship}}</ref><ref>{{Cite web |date=2 September 2022 |title=United Rugby Championship lands BKT as northern-hemisphere title sponsor |url=https://www.sportbusiness.com/news/united-rugby-championship-lands-bkt-as-northern-hemisphere-title-sponsor/ |access-date=31 August 2023 |website=SportBusiness |language=en-US|url-access=subscription}}</ref> | |||
In cricket, BKT sponsored [[Kolkata Knight Riders]] in the [[2023 Indian Premier League]]. | |||
BKT has become the official title sponsor of [[EuroCup Basketball]] for 3 years. | |||
BKT sponsored the 2025 Mens Curling World Championship in Moosejaw, Canada. | |||
==References== | ==References== | ||
{{Reflist}} | {{Reflist}} | ||
==External links== | |||
{{commons category}} | |||
* [https://opt.tires/ Официальный сайт шин BKT в Украине] | |||
{{Nifty 200 companies}} | {{Nifty 200 companies}} | ||
Latest revision as of 20:17, 20 March 2026
 | |
| Traded as | BSE: 502355 NSE: BALKRISIND |
|---|---|
| Industry | Auto and Truck parts |
| Founded | 1987[1] |
| Headquarters | Mumbai, India |
Area served | Worldwide |
| Products | Tyres |
| Revenue |  ₹9,810 crore (US$1.4 billion) (FY23)[2] |
 ₹1,078 crore (US$150 million) (FY23)[2] | |
Number of employees | 7000+ |
| Website | {{URL|example.com|optional display text}} |
Balkrishna Industries Limited (BKT) is an Indian multinational tyre manufacturing company based in Mumbai, India. Balkrishna Industries manufactures off-highway tyres used in specialist segmentations 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.[3] BKT sponsors various sports competitions in several countries, most notably Monster Jam.[4]
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History[edit | edit source]
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 Dubai (2002) and Chopanaki (2006). It also diversified its product line by introducing tyres for ATV, earthmoving and gardening vehicles.
Operations[edit | edit source]
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]
In 2025, it incorporated a subsidiary in the Netherlands. It also announced a five year roadmap involving 400 million dollars in investment.[8][9]
Sponsorships[edit | edit source]
BKT Tires has been the official and exclusive tyre sponsor for Monster Jam (a competition involving monster trucks) since 2014.[10]
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.[11]
On 15 January 2020, BKT signed an agreement with LFP to rename the French football second division as Ligue 2 BKT for four years.[12] The sponsorship deal was extended until 2028.[13]
On 2 September 2022, BKT were announced as northern hemisphere title sponsorship for the United Rugby Championship for three years.[14][15]
In cricket, BKT sponsored Kolkata Knight Riders in the 2023 Indian Premier League.
BKT has become the official title sponsor of EuroCup Basketball for 3 years.
BKT sponsored the 2025 Mens Curling World Championship in Moosejaw, Canada.
References[edit | edit source]
- ↑ "About Us | BKT Tires".
- ↑ 2.0 2.1 "Balkrishna Inds Slides After Q4 Pat Drops 32Percent Yoy To Rs 255 Cr". Capital Market. Retrieved 9 June 2023.
- ↑ "BKT opens 1st U.S. warehouse – Tire Business". Tire Business. Retrieved 24 January 2018.
- ↑ Editors, Tyrepress (4 March 2014). "BKT the official tyre of Monster Jam". Tyrepress. Retrieved 2 May 2025.
{{cite web}}:|last=has generic name (help) - ↑ Shyam, Ashutosh R. (10 April 2014). "What makes Balkrishna Industries confident of achieving higher market share amid competition from Michelin, Bridgestone, and Continental?". The Economic Times. Retrieved 24 January 2018.
- ↑ "BKT investing in infrastructure, staff in North America". Tyrepress. 17 December 2014. Retrieved 24 January 2018.
- ↑ McCarron, Kathy. "Tire veteran Casalbore ready for challenge at BKT USA - Rubber & Plastics News". Rubber & Plastics News. Retrieved 24 January 2018.
- ↑ Stephen (23 June 2025). "BKT establishes Netherlands-based subsidiary". Tyrepress. Retrieved 19 September 2025.
- ↑ Awan, Zahra (30 May 2025). "BKT announces 2030 roadmap with US$400m in investments". Tire Technology International. Retrieved 19 September 2025.
- ↑ "BKT the official tyre of Monster Jam". Tyrepress. 4 March 2014. Retrieved 24 January 2018.
- ↑ "La B cambia nome: Si chiamerà Serie BKT fino al 2021". 22 June 2018.
- ↑ "Accord majeur de naming entre la Ligue 2 et BKT". LFP (in français). 15 January 2020. Retrieved 8 February 2021.
- ↑ "BKT retains Ligue 2 naming rights". SportBusiness. 14 June 2023. Retrieved 6 July 2023.
- ↑ "BKT Becomes United Rugby Championship Northern-Hemisphere Title Sponsor". United Rugby Championship. 2 September 2022. Retrieved 31 August 2023.
- ↑ "United Rugby Championship lands BKT as northern-hemisphere title sponsor". SportBusiness. 2 September 2022. Retrieved 31 August 2023.
External links[edit | edit source]
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