INTRODUCTION APOLLO TYRES LTD is the worlds 17 th biggest tyre manufacturing,with annual consolidated revenue of rs 125.7 billion(us$2.5 billion) It was founded in the year 1976 Its first plant was commissioned in perambara,kerala . The company now has four manufacturing units,one in south africa,two in zimbabwe and 1 in netherlands
It has a network of 4,000 dealerships in india,of which over 2,500 are exclusive outlets It gets 62.6%revenues from india,27.9% from europe and 9.5% from africa . Apollo tyres was awarded FICCI award among large industries category for the best quality systems. It is planing to become the 10 th biggest tyre manufacturing in the world with annual revenue of $6 billion by 2016.
About the company TYPE PUBLIC SECTOR COMPANY INDUSTRY TYRES FOUNDED IN THE YEAR 1976 HEADQUATERS GURGAON, HARYANA, INDIA KEY PEOPLE ONKAR.S.KANWAR(CHAIRMAN AND MD) NEERAJ.R.S.KANWAR(VICE CHAIRMAN AND MD) REVENUE ^RS.127 .5 BILLION (US$2.1 BILLION)
European operations Apollo currently sells 30,000 tyres /month in europe . Which is 250 million tyres /year market. The company currently operates one tyre factory in europe ,in the netherlands . And will built a second factory in hungary . This second production facility will begin production in early 2017.
Product of the companies Passanger car tyres . Alloy wheels. Sports utility tyres . Van tyres . Passanger winter tyres . Heavy commercial tyres . Small commercial tyres . Agricultural tyres . Tube less tyres
Awards and rewards Awarded as the best brand 2009 by auto india . Awarded as best brand 2008 by auto india . Automotive product of the year award for acelere sportz at ndtv car and bikes award. Apollo safe drive campaign won Indian road safety award.
National award for excellence in water. Management 2006-awarded by CII to limda , gujarat Kerela state conservation award 2006 to apollo tyres , perambra plant. First manufacturer in south africa awarded by the iso .
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Balance sheet Particulars 2014 2013 % Share capital 50.41 50.41 00% Total Reserve 2678.63 2280.24 17.47% Share holder fund 2739.9 2341.4 17.1% Unsecured loan 0000 300 100%
Assets particular 2014 2013 % Capital work in progress 134.97 248.97 18.4 Inventories 1283.63 1120.83 14.53 Cash & bank 221.11 154.19 43.40
liabilities Particulars 2014 2013 % Trade payable 808.34 600.02 49.27 Other current liabilities 890.74 491.43 81.25 Short Term borrowing 180.67 539.42 66.51 Total current liabilities 3091.93 25390.00 21.78 Total liabilities 6949.40 6583.045 5.57