TUBE INVESTMENTS OF INDIA LIMITED
Tube Investments of India Limited is a Murugappa Group Company that specializes in bicycles, engineering, metal formed products, and chains. It is based in Chennai. It was incorporated as TI Cycles of India Limited in 1949, as a Joint Venture. Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture.The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business. Company has 11 Manufacturing Plants and 25 Warehouses strategically spread across automotive and industrial hubs with the capability to offer just-in-time service.Tube Investments of India has made 2 acquisitions. The company has spent over $ 106M for the acquisitions. Company acquired a controlling stake in Sedis Group, France through acquisition of 77% of equity of its holding company, Financière C10. Tube Investments takes over majority stake in CG Power, holds 50.62% equity.Their shareholding pattern include: Promoters having 46.66% shares, FIIs having 25.45% shares, DIIs having 15.02% shares and Public having 12.87% shares.For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 2814.21 Crore, up 64.35% from last quarter Total Income of Rs 1712.30 Crore and up 103.07% from last year same quarter Total Income of Rs 1049.2 Crore. Company has reported net profit after tax of Rs 160.40 Crore in latest quarter. The Board of Directors decided to recommend a Final Dividend @ Rs 1.50 per equity share of Rs 1.00 each for the financial year 2020-21.
