You are here » Home » Companies » Company Overview » Innovative Tyres & Tubes Ltd

Innovative Tyres & Tubes Ltd.

BSE: 535015 Sector: Auto
NSE: INNOVATIVE ISIN Code: INE070Y01015
BSE 05:30 | 01 Jan Innovative Tyres & Tubes Ltd
NSE 00:00 | 04 Aug 16.35 0
(0.00%)
OPEN

16.35

HIGH

16.35

LOW

16.35

OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 0
Buy Price
Buy Qty
Sell Price
Sell Qty

Innovative Tyres & Tubes Ltd. (INNOVATIVE) - Company History

Innovative Tyres & Tubes Limited was originally incorporated as a public limited company on 28th November 1995 at Mumbai Maharashtra. The certificate of Commencement of Business was granted by Registrar of Companies Maharashtra on February 08 1996. The Company changed its registered office Maharashtra to Gujarat on April 27 2016. Mukesh Desai and Pradeep Kothari are the Promoters of the Company.Chandravadan Shah Narendra Shah Kalpesh Shah Ashvinkumar Mehta Sanjay Mankad Minakshi Mankad Girish Patel and Bipin Mankad were the initial subscribers of the Company. Mukesh Desai and Pradeep Kothari acquired shares through purchase of shares in various tranches from shareholders and also through preferential allotment.Innovative Tyres is a tyre and tube manufacturing Company manufacturing & marketing products under our flagship brand 'Innovative'. The Company started its journey with the acquisition of a greenfield project situated at Halol (Originally that Company wras known as Super Strong Polymers Private Limited) in auction from Gujarat State Financial Corporation and State Bank of Bikaner & Jaipur vide agreement dated December 15. 1995. Thereafter the company revamped the closed company to their tube manufacturing facility at this property and started manufacturing of tubes in the year 1996. Within a short time after their inception it was able to successfully get its facility approved by CEAT Limited for carrying out job work activities for them.As a result of strong business relationship with CEAT Limited taking the relationship to the next level wre set up a greenfield tyre project as a major outsourcing unit in 2003 in a close vicinity of the existing first tube plant in Halol only. The company has an installed production capacity of 12000 MT of tubes and tyres. Taking a leaf of learning of tyre manufacturing with two-three-wheeler tyre segment the company graduated over a period of 15 years into manufacturing of practically all segments of Nylon Tyres.

.