Govind Rubber Ltd

Govind Rubber Ltd

Set up in 1982 at Ludhiana Govind Rubber took over a sick unit Pavan Tyres in 1984 and amalgamated it in 1991. The unit was promoted by Siyaram Poddar group. The company manufactures cycle tyres & tubes and auto tyres and tubes. The company came out with a public issue in Oct.'92 at a premium to part-finance an export-based project to manufacture nylon colour/gum wall tyres and tubes. It has a technical collaboration agreement with Union Rubber Industries Company Taiwan and an export obligation under the Export Promotion Capital Goods scheme. The Auto Tyres Project at Bhiwandi unit was completed in 96-97 and the project was financed by term loan and internal cash accruals.In 1997-98 the installed capacity of cycle tyres was increased to 45000000 nos.; cycle tubes to 45000000 nos.; auto tyres to 2500000 nos.; auto tubes to 4500000 nos. During 1999-2000 the company's unit at Bhiwadi - Rajasthan has achieved ISO 9002 certificate for all its products viz. auto tyres and tubes cycle tyres and tubes. The company was honoured by CAPEXIL for the 9th time in succession with the top export award for the cycle tyre industry. Modernisation programme at Ludhiana and Bhiwadi plant was implemented in the year 2000-2001. As the Bhiwadi Plant is a loss making one the company sold the same to Balkrishna Industries Ltd unit Balkrishna Tyresa Tyre Manufacturing unit for Rs.16.96 crores