What we do Elgi Rubber Company Ltd is a leading manufacturer of reclaimed rubber, retreading machinery, and retreading rubber, primarily serving the tyre industry globally. |
Founded in 2,006 |
Market share Pioneers in Pre-cured Retreading technology with the largest franchise network in India, holding a strong position in the rubber and tyre retreading sector. |
Problem solved Provides innovative solutions to extend tyre life and reclaim rubber, addressing sustainability and cost-efficiency in the tyre industry. |
Top clients or who we serve Serving tyre retreading businesses and rubber industry clients globally across India, USA, Brazil, Europe, and other markets; primarily B2B. |
Key management Sudarsan Varadaraj (Chairman & Managing Director), Harsha Varadaraj (Executive Director). |
Our journey and innovations Pioneered Pre-cured Retreading technology; launched 6-Series and 2-Series Retreading Machinery; expanded global subsidiaries and product offerings. |
Where we operate India, Australia, Brazil, Kenya, Netherlands, Sri Lanka, USA, and other international markets. |
Top products or what we offer Reclaimed rubber, retreading machinery (6-Series, 2-Series), tools and accessories for tyre retreading. |
Top brands 6-Series Retreading Machinery - premium sector, 2-Series Retreading Machinery - cost-effective solutions, Ultra series curing envelopes (premium product). |
Raw materials needed Natural rubber, chemicals for rubber reclaiming and retreading. |
Raw materials supplier Various global suppliers of rubber and chemical inputs; specifics undisclosed. |
Recurring vs cyclical contribution Revenue mix includes recurring sales of raw materials and cyclical machinery sales tied to tyre industry demand. |
Our industry position Key player with strong domestic leadership and growing international presence; challenges include raw material price volatility. |
Financial highlights Revenue of INR 383.92 crore (2024-25) with a net loss of INR 4.36 crore due to operational and market challenges. |
Geographical revenue split India contributes approx. INR 160.53 crore; Other countries around INR 66.7 crore; rest from global operations. |
Order book - |
Whats driving growth Increased exports, new product launches, strategic restructuring, and expanded global footprint. |
Our future plans Complete environmental upgrades at Sriperumbudur facility; optimize capacity and grow export markets. |
Our green promise Focus on sustainability through rubber reclaiming and resource-efficient retreading technologies. |
Our people and values Employee base of 451; committed to ethical governance, inclusion, and continuous employee engagement. |
Key challenges ahead Raw material price volatility, environmental compliance, and market absorption of price increases. |
Interesting facts Founded in 2006, the company pioneered Pre-cured retreading and maintains a global network of subsidiaries. |
Risks and strategy Managing raw material cost swings via planning, foreign exchange exposure via hedging, and operational improvements. |
