Apollo Tyres Ltd
NSE: APOLLOTYRE BSE: 500877
₹401.20
(0.29%)
Mon, 12 Oct 2026, 07:29 pm
Market Cap (in Cr)25407.21
PE Ratio14.90
Dividend1.50
Consumer Durables
Automotive Aftermarket
24.5KCompany History
1972
- Incorporated on 28 September as public limited company; commenced business on 24 October.
- Promoted by Bharat Steel Tubes Ltd., Raunaq International Pvt. Ltd., Raunaq & Co. Pvt. Ltd., Raunaq Singh, Mathew T. Marattukalam, and Jacob Thomas.
- Issued 15,00,000 equity shares to Bharat Steel Tubes Ltd., 2,50,000 to Kerala Government, and 13,50,000 to promoters and associates.
- Began manufacturing automobile tyres, tubes, camel back, retreading materials, and rubber conveyor belts.
1975
- Offered 75,000 preference shares and 46,50,000 equity shares to public at par.
1978
- Forfeited 35 preference and 13,06,200 equity shares.
- Annulled forfeiture of 22,200 equity shares.
1980
- Annulled forfeiture of 2,30,050 equity shares.
1981
- Renewed technical collaboration with General Tire International for 5 years until 1987.
- Annulled forfeiture of 700 equity shares and 610 equity shares.
1983
- Reissued 6,88,950 forfeited equity shares.
1984
- Reissued 3,63,700 forfeited shares.
1986
- General Tire International Corporation taken over by Continental Gummi Werke GmbH.
1987
- Acquired interest in Gujarat Tyres Ltd.
- Finalised joint venture for pipe laying and engineering services.
- Allotted 6,52,000 equity shares to financial institutions in conversion of loans.
1988
- Set up 6.75 lakh tyres per annum plant at Limda, Baroda for Rs 168.96 crore.
- Promoted Raunaq Aker Drilling Ltd. with Aker Drilling Norway.
- Entered agreement with Perstorp AB Sweden for Gujarat Perstorp Elektronics Ltd.
1989
- Launched radial tyres for Maruti cars and premium truck tyres.
- Issued 42,01,000 partly convertible debentures on rights basis; additional 6,30,150 allotted.
- Issued 2,10,050 partly convertible debentures to employees.
- Issued 42,59,715 partly convertible debentures via prospectus with reservations.
1990
- Redeemed preference shares.
1991
- Proposed exports of LVC and farm tyres.
1993
- Undertook modernisation and set up R&D centre financed by rights issue of NCDs with warrants.
- Allotted 194,77,350 equity shares in conversion of debentures.
1994
- Introduced high technology radial products.
- Created distribution network of over 2,500 dealers.
1995
- Commissioned new plant for tubes and flaps at Ranjangaon near Pune.
- Entered 50:50 joint venture with Continental AG for passenger car radial tyre factory at Pune.
- Issued 69,69,838 14% NCDs with warrants on rights basis.
- Acquired Premier Tyres Ltd. as subsidiary.
1996
- Issued 10,25,667 equity shares against warrants.
- Allotted 5,52,492 rights equity shares.
- Issued 4,17,389 shares on conversion of warrants.
1997
- Issued Rs 20 crore 12.5% NCD to IDBI.
- Achieved ISO 9001 accreditation for entire product range.
- Set up Apollo Tyre World outlets across India.
- Declared and lifted lock-out at Perambra unit.
1998
- Introduced voluntary retirement scheme at Perambra unit.
- Planned to increase radial capacity at Vadodara plant.
- Desubsidiarised Apollo Finance and Apollo International.
- Set up greenfield project at Ropar, Punjab for agriculture and off-the-road tyres.
- Premier Tyres Ltd. became subsidiary.
1999
- Signed agreement with NSDL for demat shares.
- Declared lock-out at Perambra unit from July 11.
- Decided against new technical collaboration with Continental for truck radials.
2000
- Planned Rs 450-crore plant for cross-ply radial tyres.
- Planned Rs 300-crore radial tyre unit in Tamil Nadu or Andhra Pradesh.
2001
- Selected Tamil Nadu for Rs 450-crore greenfield truck radial tyre plant.
2002
- Appointed Raunaq Singh as Managing Director and Non-Executive Chairman.
- Appointed Onkar S. Kanwar as Chairman and D. Sengupta as Additional Director.
- Appointed Raaja R.S. Kanwar as Director.
2003
- Entered technical and financial collaboration with Michelin Group.
2004
- Compagnie Financiere Michelin acquired 14.90% stake.
- Launched Michelin Apollo Tyres Pvt Ltd joint venture for truck and bus radials.
- Opened Apollo Pragati Kendras for farm tyres.
- Introduced new range of tubeless car radials.
2005
- Perambra unit celebrated 30 years of operations.
- Entered distribution tie-up with Triveni Khushali Bazaar for farm tyres.
2006
- Rolled out DuraTreads.
- Executed MoU with Tamil Nadu government for tyre manufacturing facility.
- Planned acquisition of Dunlop South Africa for Rs 290 crore.
2007
- Split face value from Rs 10 to Rs 1.
- Diversified into transport and logistics.
2008
- Established plant in Hungary.
2009
- Acquired 100% shareholding control of Vredestein Banden B.V., Netherlands.
2010
- Planned launch of Vredestein tyres in India.
- Introduced 6 new products in European market.
- Established Apollo Tyres South Africa as wholly-owned subsidiary.
2011
- Signed MoU with Tamil Nadu government for Rs 2,100 crore greenfield project.
2012
- Planned acquisition of stake in Cooper Tire & Rubber Company.
2013
- Announced three-year partnership with Manchester United.
- Announced acquisition of Cooper Tire & Rubber Company.
2014
- Confirmed Hungary as location for first greenfield facility outside India.
- Inaugurated two butterfly gardens at Kerala manufacturing facilities.
2015
- Launched recruitment drive in Hungary.
- Inaugurated 25th Health Care Centre in Nagpur.
- Awarded at Asian CSR Awards.
- Inaugurated first Apollo Zone in Lebanon.
2016
- Forayed into two-wheeler tyre segment.
- Signed MoU with Andhra Pradesh government to invest Rs 525 crore.
- Inaugurated second Global R&D Centre near Chennai.
- Setting up greenfield plant in Hungary.
2017
- Tied up with Crystal Palace Football Club.
- Awarded 'Business Partner of the Year'.
- Introduced three new products.
- Global R&D Centre, Asia awarded.
- Started supplying Apollo brand truck tyres in Europe.
2018
- Started production of Apollo branded truck tyres at Hungarian plant.
- Planned Rs 1,800 crore investment in new Andhra Pradesh plant.
2019
- Collaborated with Ashok Leyland.
- Entered Saudi Arabia via tie-up with Al-Jomaih Tyres.
- Partnered with GARC for first tyre test track in India.
- Launched campaign featuring Ganga river, Sachin Tendulkar, and A.R. Rahman.
2020
- Launched e-commerce portal for passenger vehicle and two-wheeler tyre customers.
- Renewed association with Chennaiyin FC as principal sponsor.
- Apollo Vredestein launched full product offensive in North America.
2021
- Aligned with GPSNR policy framework.
- Introduced Vredestein premium tyre brand in India.
- CV Zones received TUV-IRF certification.
- Inaugurated specialised tyre service centre.
- Joined ‘Jan Andolan’ for TB-free India.
