Balkrishna Industries: Difference between revisions

What links here Related changes Page information Get shortened URL
Created by BrownHairedGirl
Last edited March 20, 2026
← Older editNewer edit →
VisualWikitext
CleanupBot (talk | contribs)
Bots
17,809 edits
m →References: clean up, add source tag
>Citation bot
Add: date, title. Changed bare reference to CS1/2. | Use this bot. Report bugs. | Suggested by BrownHairedGirl | Linked from User:BrownHairedGirl/Articles_with_bare_links | #UCB_webform_linked 636/2177
Line 1: Line 1:
{{short description|Indian tyre manufacturing company}}
{{short description|Indian tyre manufacturing company}}
{{Notability|date=March 2021}}
{{Notability|Companies|date=March 2021}}
{{Use dmy dates|date=February 2019}}{{Use Indian English|date=July 2018}}
{{Use dmy dates|date=February 2019}}{{Use Indian English|date=July 2018}}
{{Infobox company
{{Infobox company
Line 8: Line 8:
| logo = Balkrishna_Tyres_Logo.svg
| logo = Balkrishna_Tyres_Logo.svg
| logo_size = 250px
| logo_size = 250px
| foundation = 1987<ref>http://www.bkt-tires.com/en/about-us/corporate-profile</ref>
| foundation = 1987<ref>{{Cite web|url=http://www.bkt-tires.com/en/about-us/corporate-profile|title=About Us &#124; 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|37.8|b}} (2016–17)<ref>{{Cite web |url=https://cloud.bkt-tires.com/bkt-financials/investor-presentation/2017/bkt-investor-presentation-july-2017.pdf |title=Archived copy |access-date=2 October 2017 |archive-url=https://web.archive.org/web/20171002220627/https://cloud.bkt-tires.com/bkt-financials/investor-presentation/2017/bkt-investor-presentation-july-2017.pdf |archive-date=2 October 2017 |url-status=dead }}</ref>
| revenue = {{increase}} {{INRConvert|57.4|b}} (2020–21)<ref>https://www.bkt-tires.com/downloads/8022/4792/BKT-InvestorPresentation-May2021.pdf</ref>
| operating_income =  
| operating_income =  
| net_income = {{increase}} {{INRConvert|10.59|b}} (2016–17)<ref>{{Cite web |url=https://cloud.bkt-tires.com/bkt-financials/investor-presentation/2017/bkt-investor-presentation-july-2017.pdf |title=Archived copy |access-date=2 October 2017 |archive-url=https://web.archive.org/web/20171002220627/https://cloud.bkt-tires.com/bkt-financials/investor-presentation/2017/bkt-investor-presentation-july-2017.pdf |archive-date=2 October 2017 |url-status=dead }}</ref>
| net_income = {{increase}} {{INRConvert|11.55|b}} (2020–21)<ref>https://www.bkt-tires.com/downloads/8022/4792/BKT-InvestorPresentation-May2021.pdf</ref>
| assets =  
| assets =  
| equity =  
| equity =  
Line 26: Line 26:
}}
}}


'''Balkrishna Industries Limited''' ('''BKT''') is a [[tire|tyre]] manufacturing company based in [[Mumbai]], India. Balkrishna Industries manufactures off-highway tyres used in specialist segments like [[mining]], [[earthmoving]], [[agriculture]], and [[gardening]] in five factories located in [[Aurangabad, Bihar|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|last=Staff|first=Tire Business|work=Tire Business|access-date=24 January 2018}}</ref>
'''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 segments like [[mining]], [[earthmoving]], [[agriculture]], and [[gardening]] in five factories located in [[Aurangabad, Bihar|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|last=Staff|first=Tire Business|work=Tire Business|access-date=24 January 2018}}</ref>


Balkrishna Industries is currently an [[OEM]] vendor for [[heavy equipment]] manufacturers like [[JCB (company)|JCB]], [[John Deere]], and [[CNH Industrial]]. In 2014, BKT held a 6% [[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>
==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 Bhiwadi (2002) and Chopanaki (2006). It also diversified its product line by introducing tyres for ATV, earthmoving and gardening vehicles.
 
==Operations==
 
Balkrishna Industries is currently an [[OEM]] vendor for [[heavy equipment]] manufacturers like [[JCB (company)|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=http://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>
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=http://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=http://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 [[Serie B|Italian football's second division, Serie B]] for three years, with the league being known as Serie BKT under the agreement.<ref>http://www.calcioefinanza.it/2018/06/22/nuovo-title-sponsor-serie-b-bkt/</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=2021-02-08|website=LFP|language=fr-FR}}</ref>
BKT Tires has been the official and exclusive tyre [[sponsor (commercial)|sponsor]] for [[Monster Jam]] since 2014.<ref>{{Cite news|url=http://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 [[Serie B|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=http://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=2021-02-08|website=LFP|language=fr-FR}}</ref>


==References==
==References==
Line 46: Line 51:
[[Category:1987 establishments in Maharashtra]]
[[Category:1987 establishments in Maharashtra]]
[[Category:Manufacturing companies established in 1987]]
[[Category:Manufacturing companies established in 1987]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]




{{India-company-stub}}
{{India-company-stub}}
{{en-Wikipedia}}

Revision as of 11:52, 2 September 2021


Balkrishna Industries Limited
Traded asBSE: 502355
NSE: BALKRISIND
IndustryAuto and Truck parts
Founded1987[1]
HeadquartersMumbai, India
Area served
Worldwide
ProductsTyres
RevenueIncrease ₹57.4 billion (US$800 million) (2020–21)[2]
Increase ₹11.55 billion (US$160 million) (2020–21)[3]
Number of employees
6000
Websitewww.bkt-tires.com

Balkrishna Industries Limited (BKT) is an Indian multinational tyre manufacturing company based in Mumbai, India. Balkrishna Industries manufactures off-highway tyres used in specialist segments 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.[4]

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 Bhiwadi (2002) and Chopanaki (2006). It also diversified its product line by introducing tyres for ATV, earthmoving and gardening vehicles.

Operations

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]

BKT Tires has been the official and exclusive tyre sponsor for Monster Jam since 2014.[8] 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.[9] On 15 January 2020, BKT signed an agreement with LFP to rename the French football second division as Ligue 2 BKT for four years.[10]

References

  1. ↑ "About Us | BKT Tires".
  2. ↑ https://www.bkt-tires.com/downloads/8022/4792/BKT-InvestorPresentation-May2021.pdf
  3. ↑ https://www.bkt-tires.com/downloads/8022/4792/BKT-InvestorPresentation-May2021.pdf
  4. ↑ Staff, Tire Business. "BKT opens 1st U.S. warehouse - Tire Business". Tire Business. Retrieved 24 January 2018. {{cite news}}: |first= has generic name (help)
  5. ↑ 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.
  6. ↑ "BKT investing in infrastructure, staff in North America". Tyrepress. 17 December 2014. Retrieved 24 January 2018.
  7. ↑ McCarron, Kathy. "Tire veteran Casalbore ready for challenge at BKT USA - Rubber & Plastics News". Rubber & Plastics News. Retrieved 24 January 2018.
  8. ↑ "BKT the official tyre of Monster Jam". Tyrepress. 4 March 2014. Retrieved 24 January 2018.
  9. ↑ "La B cambia nome: Si chiamerà Serie BKT fino al 2021". 22 June 2018.
  10. ↑ "Accord majeur de naming entre la Ligue 2 et BKT". LFP (in français). Retrieved 8 February 2021.


Stub icon 1 Stub icon 2

This article about an Indian company is a stub. You can help Bharatpedia by expanding it.

Retrieved from "https://en.bharatpedia.org/w/index.php?title=Balkrishna_Industries&oldid=186536"
Discover more