ET Family Business Awards: Off the beaten highway, A ticket to ride in 160 countries

Balkrishna Industries Ltd (BKT) has carved a distinctive position in the global off-highway tyre (OHT) market in the last three decades.

The company has contributed extensively to shaping India as a manufacturing hub for such tyres through deeper market penetration and sustained export competitiveness.

Exports currently form the backbone of its business, contributing about 71% of consolidated revenue, or ₹7,402.73 crore, in FY25, up from ₹6,753.73 crore the previous year, according to its FY25 annual report.


Waluj and Bhuj-based BKT caters to agriculture, construction, mining, ports, and industrial sectors in more than 160 countries with a portfolio of more than 3,600 stock keeping units.

Agriculture contributes nearly 60% of sales. Nine manufacturing plants in India with a total 200,000 metric tonnes per annum (MTPA) carbon black capacity supports its scale, in addition to units in Europe and the US.

Financially, FY25 was a steady year. Consolidated revenue grew 12% to ₹10,446.95 crore, Ebitda (earnings before interest, taxes, depreciation and amortisation) rose 11% to ₹2,996.39 crore, and net profit increased 13% to ₹1,654.96 crore, as per the annual report.

Europe led export destinations at 45.1%, followed by the Americas at 15.2%.

The company holds Five Star Export House and AEO Tier III status.

Its forward strategy involves ₹3,500 crore in capital expenditure over the next three years to diversify into passenger car and commercial vehicle tyres, and rubber tracks for achieving its aim of ₹23,000 crore in revenue by FY30, according to the annual report.