You are here » Home » Companies » Company Overview » Apollo Tyres Ltd

Apollo Tyres Ltd.

BSE: 500877 Sector: Auto
NSE: APOLLOTYRE ISIN Code: INE438A01022
BSE LIVE 09:51 | 08 Dec 193.60 5.25
(2.79%)
OPEN

190.00

HIGH

193.90

LOW

190.00

NSE LIVE 09:51 | 08 Dec 193.95 5.25
(2.78%)
OPEN

192.00

HIGH

194.25

LOW

190.90

OPEN 190.00
PREVIOUS CLOSE 188.35
VOLUME 40926
52-Week high 235.00
52-Week low 127.95
P/E 8.93
Mkt Cap.(Rs cr) 9854.24
Buy Price 193.55
Buy Qty 40.00
Sell Price 193.75
Sell Qty 1029.00
OPEN 190.00
CLOSE 188.35
VOLUME 40926
52-Week high 235.00
52-Week low 127.95
P/E 8.93
Mkt Cap.(Rs cr) 9854.24
Buy Price 193.55
Buy Qty 40.00
Sell Price 193.75
Sell Qty 1029.00

Apollo Tyres Ltd. (APOLLOTYRE) - Chairman Speech

Company chairman speech

Dear Member

There is no greater motivation for us than the confidence you continue to repose in us.I would like to reiterate that in an increasingly uncertain global economic world wenever lose sight of the reason we are here: to serve our customers work with our partnersto offer best in class products help communities and of course to continuously repaythe trust that you our shareholders place in us.

Led by our long-term vision to become a global leader in the industry and guided by ourvalues we continued to implement our strategy of building scale across variousgeographies and increasing market share. Our clear focus on this strategy and thededication of our employees around the world were critical to delivering healthy profitsdespite a highly volatile and challenging business environment.

But this is the past and your company does not rest on its laurels! Presently we areat a stage where we are defining the future and will then build it on the strongfoundations of the past. Our globalisation journey continues as the Hungary Greenfieldplans are on schedule and we will roll out thefirsttyre in the last quarter of the currentfiscal. With the plant we will be able to serve the European market with a larger productportfolio. Our game plan for Europe includes increasing the dealer network and theacquisition of the Germany-based reifencom GmbH last year fits well into that strategy.The Indian economy continues to be shining star of the global economy. It closed theprevious fiscal year with a stellar 7.6% growth.

Corporate governance is an important pillar of the company. We have been adhering tocorporate governance best practices long before regulations forced other companies to doso. In this journey the company was honoured with a Certificate of Recognition for‘Excellence in Corporate Governance’ by the Institute of Company Secretaries ofIndia. To further strengthen this focus area we welcomed Shri Vinod Rai the formerComptroller and Auditor General of India to our Board of Directors.

While mapping the future is an easy thing achieving that future is what differentiatesthe ‘Great’ and ‘Good’ companies. I am reminded of Henry Ford’smantra of success when he mentioned "if everyone is moving forward together thensuccess takes care of itself." It is not an easy task if the company is a globalmulti-cultural company. With employees in the Hungarian plant and the new R&D centrein Germany we continue to add new cultures to the Apollo Family. Despite the diversity Iam proud to say that we have built an Apollo culture of taking on challenging tasks andmoving together to achieve the goals.

Today we are sitting on the cusp of great opportunity. Our domestic base of India ispredicted to continue to lead global economic growth for many years to come. We havecommitted ourselves to securing our leadership status in this vibrant and exciting market.In Europe our Hungarian plant will supplement the existing facility in Enschede and ourwidespread distribution network to give us better market penetration and profitability. Inkey emerging markets around the world whether it be the ASEAN region the Middle East orLatin America we have in place the building blocks to make significant inroads in thesemarkets. Our R&D teams continue to work of delivering newer and better products whichwill help us gain market share. Teams across functions are engaged day and night inraising the bar in delivering excellence to our customers so that we may live up to yourtrust in us.

Our achievements so far are a testimony to the brave and determined steps that we havetaken in the past. I feel enormously blessed to work for this company and with suchtalented employees. Our management team and employees have built an exceptionalorganisation and which is the one of the best places to work for. Unified by the coreApollo values which serves as a guiding beacon for all employees their dedicationfortitude and perseverance is making success possible. And this fills me with tremendouspride.

I am humbled with your continued support without which this journey would not have beenpossible. My sincere thanks to all the banks financial institutions and various State andNational Governments for their unstinted support.

Yours sincerely

Onkar S Kanwar

Chairman & Managing Director

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard