1972 The company's license was obtained by Mr Mathew T Marattukalam, Jacob

Thomas and his associates. 1974 The company was taken over by Dr. Raunaq Singh
and his associates. 1975 April 13, Perambra Plant Foundation stone was laid down.
1976 Apollo Tyres Ltd. was registered. 1977 Plant commissioned in Kerala with 49
TPD capacity. 1982 Manufacturing of Passenger Car Radial Tyres in Kerala. 1991
The second plant commissioned in Baroda. 1995 Acquired Premier Tyres Ltd. in
Kerala. 2000 Exclusive Radial capacity established at Baroda. 2003 Radial Capacity
expanded to 6600 tyres per day.
November 17, JointVenture with Michelin. 2004 Launch of Apollo Acelere- 'H' Speed
Rated Car Radials. 2005 April 13, Perambra Plant completes 30 Years. 2006 January
30, Dunlop South Africa is acquired

Company Profile

Company Flashback
Named after the Greek Sun God, Apollo, the company Apollo Tyres has created a niche for itself
in the Indian tyre market. After three decades of consistent growth, today it is the premier tyre
manufacturing company of India.

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
• Analytical research
• Reverse engineering
• Advanced design using CAD
• FEA modeling of tyres
 • Simulation testing of the designed product
• Product validity & reliability studies

Ownership Pattern

Neeraj Kanwar
Onkar S Kanwar Vice Chairman &
Chairman, Apollo Tyres Managing Director, Apollo
Ltd Tyres Ltd

Robert Steinmetz Sunam Sarkar

Non Executive Director Chief Financial Officer
Apollo Tyres Ltd Apollo Tyres Ltd

Satish Sharma Rob Oudshoorn

Chief, India Operations CEO, Apollo Vredestein
Apollo Tyres Ltd BV
Luis C Ceneviz Tapan Mitra
CEO, Apollo Tyres Chief, Human Resources
South Africa (Pty) Ltd Apollo Tyres Ltd

P K Mohamed Marc Luyten

Chief Advisor R & T Chief Marketing Officer
Apollo Tyres Ltd Apollo Tyres Ltd

Gaurav Kumar Kaushik Roy

Group Head, Corporate Group Head, Corporate
Strategy & Finance Purchase
Apollo Tyres Ltd Apollo Tyres Ltd
 Neeraj Kanwar**
Onkar S Kanwar Vice Chairman &
Chairman & Managing Managing Director, Apollo
Director, Apollo Tyres Ltd Tyres Ltd

T Balakrishnan* Michael J Hankinson

Principal Secretary Former Chief Executive
(Industries) Dunlop Tyres International
Government of Kerala
(Pty) Ltd

Dr S Narayan
Nimesh N Kampani Former Principal Secretary
Chairman to the Prime Minister of
JM Financial Group India

P Prabakaran*
U S Oberoi** Additional Chief Secretary
Chief, Corporate Affairs (Finance) Government of
Apollo Tyres Ltd Kerala
 M R B Punja
Former Chairman Arun Kumar Purwar
Industrial Development Former Chairman
Bank of India State Bank of India

Robert Steinmetz
Sunam Sarkar** Former Chief of
Chief Financial Officer International Business
Apollo Tyres Ltd Continental AG

K Jacob Thomas
Managing Director P N Wahal
Vaniamapara Rubber Co Company Secretary
Ltd Apollo Tyres Ltd

Nominee*
Wholetime Director **

Area Of Operation

Kalamassery, Cochin, Kerala

In operation since 1962
Products manufactured
Truck and bus cross-ply
Light truck cross-ply
Farm cross-ply
Re-treading material

Limda, Baroda, Gujarat

In operation since 1991
Products manufactured
Passenger car radial
Truck and bus radial & cross-ply
Light truck radial & cross-ply
Farm radial & cross-ply
 Perambra, Cochin, Kerala
In operation since 1977
Products manufactured
Truck and bus cross-ply
Light truck cross-ply
Farm radial & cross-ply

NETHERLANDS
Enschede
In operation since 1946
Products manufactured
Passenger car radial
Collapsible passenger car spare tyres
Agriculture tyres

SOUTH AFRICA

Durban, Kwazulu Natal

In operation since 1935
Products manufactured
Truck and bus radial & cross-ply
Light truck radial & cross-ply
Farm
Off-The-Road

Ladysmith, Kwazulu Natal

In operation since 1973
Products manufactured
Passenger car radial
Light truck radial
ZIMBABWE

Bulawayo, Matabeleland
In operation since 1957
Products manufactured
Passenger car radial & cross-ply
Truck cross-ply
Farm
Off-The-Road
Retreading material

Harare, Harare
In operation since 1926
Products manufactured
Retreaded tyres

Company Profile

Apollo Tyres Ltd is the leading tyre manufacturing company in India. They are engaged in
manufacturing automobile tyres and tubes. They are having their manufacturing facilities at
Trichur in Kerala and Vadodara in Gujarat. They are the first Indian tyre company to launch
exclusive branded outlets for truck tyres and also the first Indian company to introduce radial
tyres for the farm category. The company was incorporated on September 28, 1972. They
started their production in the year 1977 at Perambra in Kerala. In the year 1991, the company
commissioned their second plant at Limda in Gujarat. In the year 1995, they acquired Premier
Tyres at Kalamassery in Kerala. In the year 1996, exclusive tubes plant commissioned in
Ranjangoan in Maharashtra and in the year 2000, they established exclusive radial capacity in
Limda. On Novermber 17, 2003, the company entered into an strategic alliance Michelin,
France for setting up a joint venture company namely Michelin Apollo Tyres Pvt Ltd for
producing dual branded truck & bus radial tyres in India. In the year 2004, they produced
India's first H-speed rated tubeless passenger car radial tyres. Also they increased the
production capacity of Automobile Tyres and Automobiles Tubes by 1283560 Nos and 414000
Nos respectively and in the next year, they further increased the production capacity by
1466432 Nos and 1567200 Nos respectively. During the year 2005-06, the company
incorporated a wholly owned subsidiary company, Apollo (Mauritius) Holdings Pvt Ltd in
Mauritius and they also formed Apollo Automotive Tyres Ltd and Apollo Radial Tyres Ltd as
wholly owned subsidiaries of the company. In the same year, PTL Enterprises Ltd ceased to be
a subsidiary company. Also, the company realigned their relationaship with Michelin and
exited from the joint venture company Michelin Apollo Tyres (P) Ltd. The company increased
the production capacity of Automobiles Tyres and Automobile Tubes by 1045632 Nos and
1379360 Nos respectively during the year 2005-06 and they further increased the production
capaity by 888340 Nos and 218440 Nos during the next year. During the year 2007-08, they
increased the production capacity of Automobile Tyres by 836620 Nos. Thus the total capacity
for Automobile Tyres and Automobile Tubes increased to 9659232 Nos and 6741000 Nos. On
April 21, 2006, the company acquired Dunlop Tyres International (Pty) Ltd, South Africa.
During the year 2006-07, they increased the manyfacturing capacity of Camel Back/Pre Cured
Tread Rubber by 217000 Nos to 220000 Nos and in the next year they further inceased to
248040 Nos. The company incorporated Apollo Tyres AG, Switzerland as a wholly owned
subsidiary with effect for July 4, 2007. Also, two subsidiaries namely Apollo Automotive
Tyres Ltd and Apollo Radical Tyres Ltd have been desubsidiarized with effect from December
21 2007. The company is in the process of setting up of a greenfield plant for the manufacture
of radial tyres in Hungary with the estimated cost of Rs. 12000 million. They are also in the
process of setting up a manufacturinig facility for production of bias OTR tyres at Limda plant
with the production capacity of 10 MT/day. The company has commenced the project activities
of setting up a manufacturing base for production of 3.5 million passenger car tyres per year at
Oragadam in Tamilnadu. In May 2008, the company opened their first full-services branded
commercial vehicle tyre outlet called Apollo Trust in Salem, Tamilnadu. In Spetember 2008,
Apollo Tyres launches XT-100K which is a cross-ply tyres designed for unmatched
performances.

Financial Statement

Profit & Loss

(Rs. in Crores)
• Standalone
• |

• Consolidated
Particulars Mar-10 Mar-09 Mar-08 Mar-07 Mar-06 Mar-05
INCOME :
5,425.6 4,549.6 4,246.9 3,774.3 3,002.1 2,656.8
Sales Turnover
4 3 8 4 2 1
Excise Duty 389.08 479.19 549.11 490.06 388.54 421.01
5,036.5 4,070.4 3,697.8 3,284.2 2,613.5 2,235.8
Net Sales
6 4 7 8 8 0
Other Income 25.56 24.74 13.94 20.91 20.38 86.54
Stock Adjustments 22.68 -26.59 51.32 39.41 88.74 -24.72
5,084.8 4,068.5 3,763.1 3,344.6 2,722.7 2,297.6
Total Income
0 9 3 0 0 2
EXPENDITURE :
3,196.6 2,910.8 2,488.4 2,343.2 1,922.9 1,512.5
Raw Materials
5 7 7 0 3 6
Power & Fuel Cost 163.47 149.29 134.81 132.68 121.82 114.57
Employee Cost 248.90 193.87 208.16 186.58 156.08 136.03
Other Manufacturing Expenses 133.83 102.48 92.96 51.31 41.83 38.16
Selling and Administration Expenses 468.71 332.12 316.10 263.59 209.04 211.83
Miscellaneous Expenses 63.74 31.96 41.13 32.82 34.11 94.51
Less: Pre-operative Expenses
0.00 0.00 0.00 0.00 0.00 0.00
Capitalised
4,275.3 3,720.5 3,281.6 3,010.1 2,485.8 2,107.6
Total Expenditure
0 9 3 8 1 6
Operating Profit 809.50 348.00 481.50 334.42 236.89 189.96
Interest 88.53 78.82 60.25 74.78 57.73 48.26
Gross Profit 720.97 269.18 421.25 259.64 179.16 141.70
Depreciation 122.78 98.01 87.81 74.23 72.79 56.79
Profit Before Tax 598.19 171.17 333.44 185.41 106.37 84.91
Tax 141.82 43.93 97.50 44.56 21.79 3.65
Fringe Benefit tax 0.00 4.25 4.50 3.60 NA NA
Deferred Tax 41.38 14.87 12.14 23.83 1.86 13.63
Reported Net Profit 414.99 108.12 219.30 113.42 78.17 67.63
Extraordinary Items -2.73 0.80 -0.27 -0.53 4.10 -3.55
Adjusted Net Profit 417.72 107.32 219.57 113.95 74.07 71.18
Adjst. below Net Profit 0.00 0.00 0.00 0.00 0.00 0.00
P & L Balance brought forward 324.53 299.20 167.21 125.93 111.32 104.18
Statutory Appropriations 0.00 0.00 0.00 0.00 0.00 0.00
Appropriations 150.33 82.79 87.31 72.14 63.56 60.49
P & L Balance carried down 589.19 324.53 299.20 167.21 125.93 111.32
Dividend 37.80 22.68 25.20 20.88 17.25 17.25
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Equity Dividend % 75.00 45.00 50.00 45.00 45.00 45.00
Earnings Per Share-Unit Curr 8.11 2.07 4.40 23.81 19.76 17.01
Earnings Per Share(Adj)-Unit Curr 8.11 2.07 4.40 2.38 1.98 1.70
Book Value-Unit Curr 34.19 26.83 25.09 207.71 164.50 149.53

Type Public Industry Tyres Founded 1976[1] Headquarters Gurgaon, Haryana, India[2]
Key people Onkar S Kanwar (CMD)
Neeraj R S Kanwar (JMD & COO) Revenue Rs 70 billion[3] Website
http://www.apollotyres.com