About BKT Tires
BKT Tires is a company based in Mumbai (India) founded in 1987. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. The company has 12,130 employees as of March 31, 2024. BKT Tires offers products and services including AGRIMAX FORCE, EARTHMAX SR 25 PLUS, and MULTIMAX MP 522. BKT Tires operates in a competitive market with competitors including Ascenso, Titan International, Alliance Tire Group, Magna Tyres and Fishfa Rubbers, among others.
- Headquarter Mumbai, India
- Employees 12130 as on 31 Mar, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Balkrishna Industries Limited
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Annual Revenue
$1.21 B (USD)11.27as on Mar 31, 2024
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Net Profit
$193.34 M (USD)12.47as on Mar 31, 2024
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EBITDA
$284.81 M (USD)7.95as on Mar 31, 2024
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Latest Funding Round
$26 M (USD), Post-IPO
Jul 01, 2005
- Investors
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Employee Count
12130
as on Mar 31, 2024
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IPO & Listings of BKT Tires
BKT Tires is a publicly listed company on the NSE with ticker symbol BALKRISIND in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of BKT Tires
BKT Tires offers a comprehensive portfolio of products and services, including AGRIMAX FORCE, EARTHMAX SR 25 PLUS, and MULTIMAX MP 522. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Radial tire designed for soil tillage and harvesting.
All-steel radial tire for motor graders and loaders.
Multi-purpose tire for agro-industrial lifting and loading.
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Funding Insights of BKT Tires
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $26.0M
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First Round
First Round
(01 Jul 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2005 | Amount | Post-IPO - BKT Tires | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BKT Tires
BKT Tires has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ChrysCapital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm focusing on private equity in sectors like financial services and healthcare.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BKT Tires
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BKT Tires
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bkt Tires Comparisons
Competitors of BKT Tires
BKT Tires operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ascenso, Titan International, Alliance Tire Group, Magna Tyres and Fishfa Rubbers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Tyres are manufactured for off-highway applications by Ascenso.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of tires and wheels to OEMs and aftermarket
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| domain | founded_year | HQ Location |
Tyres for off-highway and commercial vehicles are manufactured globally.
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Manufactures OTR and industrial tyres for mining, construction, and agriculture worldwide.
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| domain | founded_year | HQ Location |
Produces reclaim rubber from waste tires and tubes for manufacturing industries.
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| domain | founded_year | HQ Location |
Manufactures and supplies high-quality tires to various industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bkt Tires
Frequently Asked Questions about BKT Tires
When was BKT Tires founded?
BKT Tires was founded in 1987 and raised its 1st funding round 18 years after it was founded.
Where is BKT Tires located?
BKT Tires is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does BKT Tires have?
As of Mar 31, 2024, the latest employee count at BKT Tires is 12,130.
What is the annual revenue of BKT Tires?
Annual revenue of BKT Tires is $1.21B as on Mar 31, 2024.
What does BKT Tires do?
BKT Tires, operated by Balkrishna Industries Limited, is focused on the production of specialized tires for agricultural, industrial, and off-the-road (OTR) applications. Tires are designed to perform under tough conditions across diverse terrains. The company serves multiple sectors including agriculture, construction, and mining with a wide range of products like AGRIMAX for farming, MULTIMAX for industrial use, and EARTHMAX for OTR vehicles. Innovation and sustainability are emphasized in product development to meet evolving customer needs.
Who are the top competitors of BKT Tires?
BKT Tires's top competitors include Ascenso, Titan International and Alliance Tire Group.
What products or services does BKT Tires offer?
BKT Tires offers AGRIMAX FORCE, EARTHMAX SR 25 PLUS, and MULTIMAX MP 522.
Is BKT Tires publicly traded?
Yes, BKT Tires is publicly traded on NSE under the ticker symbol BALKRISIND.
Who are BKT Tires's investors?
BKT Tires has 1 investor. Key investors include ChrysCapital.
What is BKT Tires's ticker symbol?
The ticker symbol of BKT Tires is BALKRISIND on NSE.
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