Innovative Tyres & Tubes Ltd.
NNSE:ITTL61.30
INR
0.00
(0.00%)
ISIN
INE070Y01023
Return %
Stock
S&P 500
1Y
-31.20
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Semi-annual Revenue
FRC
•
in mil. unless spec.Semi-annual Earnings Per Share
FRC
•
in mil. unless spec.Semi-annual Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Munish Chawla
- Full Time Employees
- 100
- Sector
- Consumer durables
- Industry
- Automotive aftermarket
- Address
- Panchmahals India
- IPO Date
- Oct 5, 2017
- Website
- innovativetyres.com
- Similar Companies
- Business
- Innovative Tyres & Tubes Limited is an India-based company engaged in the manufacturing, marketing, and exporting of a comprehensive range of bias tyres, tubes, and flaps for automotive, agricultural, and industrial applications. Founded in 1995 and headquartered in Vadodara, Gujarat, the company operates primary manufacturing facilities in Halol, Gujarat, and serves domestic replacement markets, original equipment manufacturers (OEMs), and international export markets across Asia, the Middle East, and Africa. The company's core product portfolio encompasses a diverse range of categories, including two-wheeler and three-wheeler tyres designed for motorcycles, scooters, and auto-rickshaws; light commercial vehicle (LCV) and heavy commercial vehicle (HCV) bias tyres engineered for transport trucks, buses, and commercial freight carriers; agricultural tyres including tractor front, tractor rear, and farm trailer tyres; off-the-road (OTR) and industrial tyres for earthmoving, construction, and material handling machinery; passenger vehicle bias tyres; and a complete line of butyl and natural rubber automotive inner tubes and protective flaps across all vehicular segments. The company distributes its products under established brand names, including Innovative and Tirex. In recent developments, Innovative Tyres & Tubes Limited underwent a comprehensive financial and operational restructuring following the completion of its Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), pursuant to a resolution plan approved by the National Company Law Tribunal (NCLT). The implementation of the resolution plan resulted in a substantial capital reduction, reconstitution of the board of directors, and the transfer of management control to new promoters. Under its restructured ownership, the company has undertaken operational turnarounds, infusing fresh capital to upgrade and restart production lines at its Halol manufacturing facilities, expanding product commercialization, and re-establishing distribution networks across domestic and overseas replacement markets.