Balkrishna Industries

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Balkrishna Industries Limited
Traded asBSE502355
NSEBALKRISIND
IndustryAuto and Truck parts
Founded1987[1]
HeadquartersMumbai, India
Area served
Worldwide
ProductsTyres
RevenueIncrease 37.8 billion (US$430 million) (2016–17)[2]
Increase 10.59 billion (US$120 million) (2016–17)[3]
Number of employees
6000
Websitewww.bkt-tires.com

Balkrishna Industries Limited (BKT) is a 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]

Balkrishna Industries is currently an OEM vendor for heavy equipment manufacturers like JCB, John Deere, and CNH Industrial. In 2014, BKT held a 6% 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. http://www.bkt-tires.com/en/about-us/corporate-profile
  2. "Archived copy" (PDF). Archived from the original (PDF) on 2 October 2017. Retrieved 2 October 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  3. "Archived copy" (PDF). Archived from the original (PDF) on 2 October 2017. Retrieved 2 October 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  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. http://www.calcioefinanza.it/2018/06/22/nuovo-title-sponsor-serie-b-bkt/
  10. "Accord majeur de naming entre la Ligue 2 et BKT". LFP (in français). Retrieved 8 February 2021.