Balkrishna Industries

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]

Balkrishna Industries Limited
TypePublic
BSE: 502355
NSE: BALKRISIND
IndustryAuto and Truck parts
Founded1987[1]
HeadquartersMumbai, India
Area served
Worldwide
ProductsTyres
Revenue ₹57.4 billion (US$760 million) (2020–21)[2]
₹11.55 billion (US$150 million) (2020–21)[3]
Number of employees
6000
Websitewww.bkt-tires.com

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.
  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 French). Retrieved 8 February 2021.


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