The history of the company dates back to the early 70s. In 1972, license was obtained by Mr Mathew T Marattukalam, Jacob Thomas and his associates. The company was taken over by Dr. Raunaq Singh and his associates in 1974. The implementation of the tyre project took place in 1976 in Perambra (Kerala). In 1977 commercial production began with an installed capacity of 420,000 each of tyres and tubes.
The Research and Development of Apollo Tyres took place at Perambra in Cochin and later it had grown to a substantial height and stature at its present location at Limda, Baroda. All the activities in the R&D center are extensively supported by a series of highly sophisticated equipment that help the research scientists develop products as per customers' specific requirements. The centers have the facilities and expertise for the following: Development of compounds for improved performance
Raw material development
Apollo Tyres Ltd. is a leading Indian tyre manufacturer which commenced its production in 1977 under the leadership of Raunaq Singh. It is built around the core principles of creating shareholder value through reliability in its products and dependability in its relationships with stakeholders. The company offers a range of tyres to consumers in heavy, light and passenger vehicles category. The company has four manufacturing units in India and through its recent acquisition of Dunlop Tires, South Africa, now possesses two manufacturing units each in South Africa and Zimbabwe.
In this report we are presenting a brief strategy analysis of the company, an analysis of the financial performance of the company over the last three fiscal years (2004 to 2006) and a brief financial comparison of the company with the US tire manufacturer Goodyear. We conclude with our views on the financial...