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Those who changed history, changed it by going the distance.

Chairman's Message

I am proud to announce that your Company has achieved remarkable financial results for the fiscal gone by. We grew more than 17% to close at 24,568 crores and crossed the $ 3 billion mark.

We have received unending support from banks, financial institutions and National and state governments where we operate, which has allowed us to surpass the goals we had set for ourselves.
Onkar Kanwar

Vice Chairman and Managing Director's Message

FY23 was a year where we continued to focus on our growth pillars — Digitalisation, Technology and Innovation, People, Brand and Sustainability — and worked around the year to further strengthen these areas by building capacity and capabilities.
Neeraj Kanwar
Vice Chairman & Managing Director

Board of Directors

The guiding force that directs the Company to achieve excellence and motivates Apolloites to achieve greater success and deliver significant and sustainable long-term growth, while upholding best practices.

Onkar Kanwar


Neeraj Kanwar

Vice Chairman & Managing Director

Akshay Chudasama

Regional Managing Partner, Shardul Amarchand Mangaldas & Co

Francesco Crispino

Co-founder, Greater Pacific Capital

Francesco Gori

Former CEO, Pirelli Tyre

Gen. Bikram Singh (Retd.)

Former Chief of Indian Army

Lakshmi Puri

Former Ambassador and Assistant Secretary General United Nations

Pallavi S Shroff

Regional Managing Partner, Shardul Amarchand Mangaldas & Co

Dr. Jaimini Bhagwati

Former India’s High Commissioner to UK and Ambassador to the European Union

Robert Steinmetz

Former Chief of International Business, Continental AG

Satish Sharma

President (APMEA) and Whole-time Director

Sunam Sarkar

President & Chief Business Officer, Apollo Tyres Holdings (Singapore) Pte Ltd

Vikram S Mehta

Former Chairman, Shell Group of Companies

Vinod Rai

Ex-Comptroller and Auditor General of India

Vishal Mahadevia

Managing Director, Head of India Warburg Pincus

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Highlights FY2023

Revenue from Operations

245.68 Bn

Net Profit

11.05 Bn

EBITDA (excluding other income)

33.14 Bn

Capital Expenditure Outflow

7.75 Bn

EBIT (including other income)

19.36 Bn


8.97 %

Net Debt/ EBITDA (excluding other income)

1.31 (Ratio)

Net Debt/EBIT (including other income)

2.24 (Ratio)

Five-Year Summary



Revenue from Operations

245.68 Bn

Net Profit

11.05 Bn

EBITDA Margin (excluding other income)

13.49 %

Net Profit Margin

4.50 %

Key ESG Highlights



Total Workforce


Man hours of training imparted


Loss Time Injury Frequency Rate (LTIFR)

1.49 + Mn

People reached through CSR initiatives


Healthcare centres established


9,957 MT

Recycled materials consumed


Water Withdrawn Recycled


Energy Saved


Share of renewable in total power consumed in FY23

13,355 tonnes

CO2 eq saved from Energy efficiency


245,681 Mn




11,046 Mn

Net Profit

Vision & Values

Driving Progress, Together.

We believe that global vision is nothing without local knowledge, so we continue to bring people together and foster an inclusive culture. By doing so, we can power innovation that transports both our business and society forward.

Enabling Excellence

At Apollo Tyres, we work to make excellence universally accessible. Every day, we connect people from across society to the tyres, tools and support they need to reach their potential.

Our Core Values

Following Our Passion

We champion ideas that inspire us to think big, be brave and challenge the ordinary.

One Family

We create an inclusive culture that brings our people, partners and community together.

Taking Responsibility

We are committed to building a responsible and sustainable business that benefits society.

Awards and Accolades in FY23..

Deming Prize

Apollo Tyres’ manufacturing facility in Chennai, India received the prestigious Deming Prize for achieving outstanding performance by practicing Total Quality Management, utilising statistical concepts and methodologies based on the Company’s excellent business philosophy and leadership.

Good Design

Apollo Tyres received the Good Design Awards in the Transportation category for its Vredestein products - Pinza HT and Pinza AT All Terrain Tyres by Chicago Athenaeum: Museum of architecture and design and the European Centre for Architecture Art Design and Urban Studies.

Special Award for contribution in Tyre Sourcing and Development

Apollo Tyres bagged a Special Award for its contribution in Tyre Sourcing and Development at the VECV Annual Supplier Conference 2022. Volvo Eicher Commercial Vehicle (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. Apollo Tyres exports its range to over 34 countries and was recognised as an industry leader in driving modernisation in commercial transportation in India and the developing world.

Compliance Team
2022 Award

Apollo Tyres received the Compliance Team 2022 Award by Legasis Services and Bombay Stock Exchange for demonstrating excellence in executing the Compliance framework.

SEEM National Energy Management Award (SNEMA)

Apollo Tyres’ manufacturing facilities in Perambra and Kalamassery in Kerala, India won the prestigious ‘SEEM National Energy Management Award (SNEMA)’ in Industries and Facilities (Tyres) category. The event was organised by Society of Energy Engineers and Managers (SEEM) and the award ceremony took place in Delhi, India.

ASSOCHAM WORKVISION 2022 HR Excellence Award

Apollo Tyres Global R&D Centre, Asia received the ASSOCHAM WORKVISION 2022 HR Excellence Award in the category of Effective Drivers of Recruitment, Engagement and Retention.

Green Champions

Apollo Tyres’ manufacturing facility in Chennai received the Green Champions Award by the Government of Tamil Nadu, India for its exceptional contribution in the areas of Environment Protection and Sustainability, Awareness on Water Conservation, Scientific Management of Solid Waste, Biodiversity Conservation and Sanitation.

‘Safe Place To Work’

For the third year in a row, Apollo House, the Corporate Headquarters of Apollo Tyres was certified as a ‘Safe Place to Work’.

18th Indo-American Corporate Excellence (IACE) Awards 2022

Apollo Tyres won the 18th Indo-American Corporate Excellence (IACE) Award 2022 for significant contributions in boosting bilateral trade between India and the US.

About Us

With a foundation laid in 1972, we have continually transformed ourselves to stay at the forefront of the industry. Embracing cutting-edge technologies and adopting globally acclaimed practices, we are among the trusted and renowned global brands in tyre manufacturing and sales. Our commitment to excellence enables us to lead the market and deliver exceptional value to our valued customers, investors, and stakeholders.

We rank among the world’s top-tier tyre manufacturers and have been recognised for our environmental and social initiatives. We have articulated a strong commitment towards ESG.