Apollo Tyres Limited
Apollo Tyres Limited is an Indian Multinational tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972 by Onkar Singh Kanwar, and its first plant was commissioned in Perambra, Thrissur, Kerala, India. The company now has five manufacturing units in India, one in Netherlands and in Hungary. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.
Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.The company’s second plant in Europe. Shares of Apollo Tyres Ltd. rose to their highest in little over two years in February, 2021.
The company’sprimarily CSA focus is divided into two major areas: Environment and Social (Health and Community Development). 31 Healthcare Centres in large transhipment hubs spanning across 18 Indian states HIV-AIDS Awareness and Prevention Programme, Awareness on Tuberculosis and other Non-Communicable Diseases and general healthcare treatment such as fever, cough, cold, flu and other basic First Aid features.
‘Sustainability in Uncertainty – the Challenges Ahead’ Apollo Tyres conducts Global Partners’ Summit 2021 focusing on the usage of recycled and renewable materials. Overwhelming responses was received in summit over 700 participants joining from approximately 270 organisations, from across 30 different countries. Apollo Tyres Ltd requested the raw material business partners to take a pledge to pursue the ‘Go Green’ agenda.
Covid-19 Resonse
Several initiatives across various states in India, including Haryana, Delhi, Kerala, Gujarat, TamilNadu and Andhra Pradesh in the fight against the spread of COVID-19 and helping those in need by raising awareness and also provided 15-day ration support of essential supplies and in regular touch with patients, mainly the ones taking TB treatment. And an ongoing women empowerment programme has been realigned to link women beneficiaries in Gujarat, with Government schemes for COVID in which women’s have received monetary support to the tune of INR 5 million through Government linkages.
Their shareholding pattern consists of Promoters and Promoter Group having 37.60% of shares, Public having 22.30% shares, Government having 1.57% following by FII’s having 22.87% shares and DII’s with 15.66% shares.
