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BKT targets $2bln revenue by 2020

Balkrishna Industries Ltd, a major player in the global Off-Highway tire market, aims at a turnover $ 2 billion by 2020  based on a positive trend of growth of 30% over the last five years corresponding to 6% market share in the specialist segments for agriculture, earthmoving, mining, and industrial vehicles and machinery as well as port, ATV and gardening applications.

BKT booth at the expo

BKT booth at the expo

The last financial year ending on March 31, 2014 closed with a turnover of $780 million. The company employs more than 7,000 people and sells over 2,300 products in 130 countries worldwide.

“Actually, a quite realistic target based on a firm and strategic business approach, continuous and consistent investment in research and development of always new solutions as a response to the special requirements of each segment, and not least on an intense communication activity. The focus lies on a brand of strong and deeply rooted values that are emblematic for a dynamic, solid, and likewise modern company,” said the company in a statement.

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