What we do Innovative Tyres & Tubes Ltd manufactures automotive tyres and tubes for domestic, export, and OEM markets including highway, off-the-road, agriculture, and industrial segments. |
Founded in 1,995 |
Market share Mid-sized player catering to diverse segments including OEMs and aftermarket with a combined capacity of 12,000 MT per annum. |
Problem solved Provides reliable tyre solutions addressing transportation safety and efficiency for multiple vehicle types in India and abroad. |
Top clients or who we serve B2B: OEMs like CEAT Limited; B2C: Domestic and export aftermarket customers. |
Key management Management reconstituted in 2023 under Ten on Ten Rubtech Private Limited with Mr. Munish Chawla as Managing Director. |
Our journey and innovations Started with greenfield plant acquisition in 1996, expanded manufacturing in 2003, listed in 2017, and underwent restructuring/resolution process concluded by 2024. |
Where we operate India (primary market), with exports contributing around 16% of revenue. |
Top products or what we offer Tyres and tubes for two wheelers, trucks, agriculture, industrial, and off-road vehicles. |
Top brands - |
Raw materials needed Rubber, chemicals, fabric, steel wires for tyre manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly recurring from tyre sales spanning different vehicle segments. |
Our industry position Niche manufacturer with regional presence competing with established OEM suppliers and aftermarket brands. |
Financial highlights FY2024-25 Revenue ₹46.79 Cr; loss of ₹16.02 Cr post restructuring; scaled operations after CIRP completion. |
Geographical revenue split Approximately 83% revenue from India and 17% from international markets. |
Order book - |
Whats driving growth Restarted production post-resolution with focus on product range expansion and market penetration. |
Our future plans Enhance capacity utilisation, improve operational efficiencies, and strengthen export markets. |
Our green promise - |
Our people and values Committed to ethical governance and workplace safety with newly reinstated management oversight. |
Key challenges ahead Recovering profitability while stabilising operations and meeting export realisation timelines. |
Interesting facts Went through corporate insolvency process and successfully emerged with new management in 2023-24. |
Risks and strategy Risk mitigation through improved monitoring of export receivables, regulatory compliance, and cost control measures. |
