7 ON A TEAR

Arvind M. Poddar Chairman & Managing Director, Balkrishna Industries

` 35.2 crore (2016/17) ` 32.3 crore (2015/16) BALKRISHNA INDUSTRIES is a perfect example of Make in India. The company gets more than 80 per cent of its revenues from exports. Its history dates back to the mid- 50s when founder chairman Mahabir Prasad Poddar began manufacturing cycle tyres. Balkrishna expanded to two and three wheeler tyres in the 80s and off-highway tyres in the mid- 90s, entering the radial agriculture tyres segment in 2004. Arvind Poddar, son of the founder, took over the reins in 2006 as vice- chairman & managing director and was anointed the chairman & managing director in 2012. The focus on offhighway tyres strengthened under Arvind's leadership. Profits more than doubled in five years – surging from ` 355 crore to ` 716 crore between 2012/13 and 2016/17. Net profit stood at ` 739 crore on total income of ` 4,783.5 crore in 2017/18. Arvind's annual remuneration was ` 35.29 crore in 2016/17 – about `30 crore was commission. Over five years it has gone up 211 per cent.