- Business
- Tube Investments of India Limited (TIINDIA.BO) manufactures and sells engineered products for the automotive, railway, construction equipment, mining, defense, power, and general engineering sectors. The company produces precision steel tubes, including seamless, welded, and cold-drawn tubes under brands such as AP Tubes, Tata Steel Tubes, and other specialized lines; cycles and accessories through the TI Cycles division featuring brands like Hercules, BSA, and Firefox; industrial chains via the TI Chains division; and components such as forged products, spindles, steering systems, suspension systems, sheet metal press parts, and facia assemblies for two-wheelers and three-wheelers. It also offers metal formed products, engineering products including crane components and solar module mounting structures, and provides services in engineering design, prototyping, testing, and turnkey projects.
Founded in 1949 and headquartered in Chennai, India, the company operates primarily in India with manufacturing facilities across multiple states and exports to over 50 countries in Asia, Europe, North America, and other regions. Tube Investments serves original equipment manufacturers (OEMs), aftermarket customers, and institutional buyers in mobility, infrastructure, and renewable energy segments as a subsidiary of the Murugappa Group. Its business spans three key segments: engineering, metal formed products, and mobility.
In the last two years, the company completed the acquisition of CG Power and Industrial Solutions Limited in 2023, significantly expanding its capabilities in power electronics, industrial systems, and consumer appliances. It launched new product lines including advanced e-cycle components and high-strength steel tubes for electric vehicles, alongside strategic partnerships with global OEMs for defense and railway components. Additionally, Tube Investments announced a major capacity expansion for precision tubes and chains in 2024-2025, supported by a funding infusion from its parent group, and entered the renewable energy EPC market with solar project executions.