Headquartered in Mumbai India Balkrishna Industries Limited (BKT) is a leading manufacturer in the Off-Highway tire market. The company focuses on the production of range of off-highway tires that includes agricultural industry material handling forestry lawn and garden construction and earth moving tires. The company has a worldwide distribution network ensuring extensive reach and penetration. The company derives majority of its revenue from exports.The company has five state-of-the-art production sites in Aurangabad Bhiwadi Chopanki Dombivali and Bhuj. The company has four subsidiaries in Europe and North America viz. BKT Europe S.r.l. in Seregno Italy BKT Tires USA Inc. in Akron Ohio BKT Tires Canada Inc. in Toronto and BKT Tires Inc. in Brentwood Tennessee. The company sells its products in 130 countries worldwide through a network of national distributors.Balkrishna Industries Ltd was incorporated on November 20 1961. The company set up its first plant at Aurangabad in 1987. During the year 2002-03 the company acquired the Auto Tyre Plant of Govind Rubber Ltd at Bhiwadi in Rajasthan. During the financial year 2004-05 the company launched Tractor Radial Tyres. The company expanded the production capacity in Bhiwadi unit and Waluj unit to 42000 tpa and 18000 tpa respectively. They also installed 5 MW Wind-Farm near Jaisalmer in Rajasthan for captive usage.In February 2005 the company has set up a 100% subsidiary company in UK under the name of BKT (Europe) Ltd to promote sales and marketing of the products of their tyre division in Europe which commenced their business activities on April 1 2005. The company expanded the production capacity in Bhiwadi unit by 3000 tpa to 45000 tpa.In August 30 2006 the company incorporated BKT Europe srl in Italy as a wholly owned subsidiary company and in January 2007 they incorporated BKT Exim Ltd as a wholly owned subsidiary. Also they incorporated Balkrishna Paper Mills Ltd and Balkrishna Synthetic Ltd in March 2007 as wholly owned subsidiary companies to facilitate the transfer of their paper and textile processing business respectively.During the year 2006-07 the company increased the production capacity in Bhiwadi unit from 45000 tpa to 48000 tpa and Waluj unit from 18000 tpa to 22000 tpa. Also the company introduced the product 'Premium Super Chromo Board' in the market.The company has three business activities under their umbrella namely tyre paper and textile processing. The tyre business is a focused business activity of the company that constitutes more than 80% of company's total business and by virtue of this becomes their core business. In order to pay more attention to their various business activities the company transferred their Paper business and Textile Processing business to their wholly owned subsidiaries Balkrishna Paper Mills Ltd and Balkrishna Synthetic Ltd respectively with effect from April 1 2007.During the year 2007-08 BKT Tyres Pvt Ltd became the subsidiary of the company. Also BKT (Europe) Ltd and BKT Europe srl ceased to be the subsidiaries of the company due to the disinvestment by the company.In 2009 the company's turnover crossed the Rs 1000 crore milestone. On 3 January 2011 Balkrishna Industries informed the stock exchanges that the company has repaid 4.5% Foreign Currency Convertible Bonds (FCCB) (Series B) of USD 22 million along with redemption premium due thereon on due date i.e.30 December 2010 which was raised by the company during the financial year 2005-2006.During the year 2012-13 Balkrishna Industries carried out a modernization scheme at its existing plants by adding balancing equipments with a view to remove debottlenecking and marginally improve production capacity. The capex cost amounted to Rs 145 crore.The Board of Directors of Balkrishna Industries at its meeting held on 30 January 2014 approved a scheme of arrangement under sections 391 to 394 of the Companies Act 1956 for amalgamation of Balkrishna Paper Mills Limited (a wholly owned subsidiary) with the company and demerger of the Paper board business division together with investment in Balkrishna Synthetics Ltd. on a going concern basis in to Nirvikara Paper Mills Limited. Upon completion of the Scheme Nirvikara Paper Mills Ltd. will issue and allot 1(one) fully paid up equity share of Rs. 10 each for every 9 (nine) equity shares held in the company as on the Record Date to be fixed for this purpose after receipt of all approvals. The proposed scheme of arrangement will re-organize and segregate the paper board business division together with investment in Balkrishna Synthetics Ltd. as a separate listed entity resulting in a focused independent management streamline the operations and provide access to varied sources of raising funds to achieve the growth potential of paper board business. In 2015 the company completed its Greenfield tyre plant project at Bhuj Gujarat.The Board of Directors of Balkrishna Industries at its meeting held on 18 May 2016 approved the Scheme of Amalgamation of its wholly owned subsidiary company M/s. BKT Exim Limited (Transferor Company) into itself under sections 391 to 394 and any other applicable provisions of the Companies Act 1956 and Companies Act 2013 to the extent notified and applicable (the Scheme).The Board of Directors of Balkrishna Industries at its meeting held on 29 July 2017 approved the setting up of a Carbon Black project as a backward integration project at its Bhuj Plant with an initial annual capacity of 60000 MTs at an estimated capital outlay of Rs 150 crore.The Board of Directors of Balkrishna Industries at its meeting held on 11 November 2017 recommended the issue of Bonus Shares in the ratio of one bonus equity share for every one existing equity share held on record date.