What we do Tirupati Innovar Limited manufactures tyres in India, serving diverse automobile industry segments with a strong dealer network providing comprehensive customer solutions. |
Founded in 1,988 |
Market share Established player in India's tyre industry with expanding business ventures. |
Problem solved Provides quality tyre solutions catering to varied automobile requirements, enhancing mobility and safety. |
Top clients or who we serve Automobile manufacturers and end consumers within India; operates B2B and B2C channels. |
Key management - |
Our journey and innovations Listed on MCX in 2015; acquired major stake in Aspen Lifestyles LLP; diversified into gold mining, real estate, and agriculture. |
Where we operate Primarily India with growing focus on adjacent sectors. |
Top products or what we offer Tyres for various vehicles, lifestyle products via Aspen Lifestyles LLP; expansion into new industries underway. |
Top brands Tirupati Tyres — key revenue driver in tyre manufacturing segment. |
Raw materials needed Rubber, synthetic compounds, chemicals for tyre production. |
Raw materials supplier Not specified in available data. |
Recurring vs cyclical contribution Primarily cyclically driven due to automobile industry demand fluctuations. |
Our industry position Mid-level automobile tyre manufacturer with strategic diversification for future growth. |
Financial highlights FY 2024-25 revenue of approximately Rs. 11 crore with net profit near Rs. 1 crore, showing solid profitability improvement. |
Geographical revenue split Revenue predominantly from Indian market. |
Order book - |
Whats driving growth Product diversification, strategic acquisitions, and expanded dealer network contribute to growth. |
Our future plans Focus on diversifying into gold mining, real estate, agriculture, and enhancing corporate identity. |
Our green promise - |
Our people and values Committed workforce driving growth, diversity in leadership and employees. |
Key challenges ahead Managing diversification risks, market competition, and capital expansion. |
Interesting facts Company changed name reflecting diversification; extensive director and management shifts in recent years. |
Risks and strategy Addressing risks through governance improvements and portfolio diversification. |
