Company History - Falcon Tyres Ltd

The Company History page lists out the major events in chronological order for Falcon Tyres. Company History - Falcon Tyres Ltd YEAR EVENTS 1973 - The company was incorporated on 29th November, at Bangalore. The company was promoted by H.D. Shetty, K.B. Alva, D.A. Shah, S. Ananthapadmanabhan, B.T.R. Punja and C.J. Pinto. The main object of company Manufacture of tyres and tubes for scooters, motorcycles and mopeds and various types of industrial `V' belts. 1975 - 3,00,000 shares issued at par to the public during February. 1979 - The company undertook to expand the plant capacity to one tyres and one million tubes. - The company revalued it buildings and plant and machinery as on 1st July, and the surplus of Rs. 9,46,492 arising out of it was credited to capital reserves. 1980 - 1,00,000 rights shares issued at par in prop. 1:5 during 1978-79. 1981 - 4,00,000 right shares issued at par in prop. 2:3 in Dec. 1980. 533 shares pending allotment. 1982 - 16,892 shares forfeited. Authorised capital reclassified. 1984 - In spite of increase in wages and higher incidence of interest, results showed improvement over the previous year. - Forfeiture on 16,892 No. of equity shares annulled. 1986 - 5,00,000 shares issued at par as rights in prop. 1:2 in March. Another 25,000 shares were offered at par to employees. In all, only 66,859 shares taken up. The balance 4,58,141 shares allotted privately. 1987 - The company embarked upon a project for the manufacture of Butyl Rubber Tubes. The manufacture of the full range of Butyl tubes including those required for 4 wheeler, was expected to commence by about March, 1990. 1988 - Both production and sales improved and operating losses got reduced. - As a result of accumulated losses, the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985 became applicable to the company. - In November, 15,25,000 shares issued at par as rights in prop. 1:1. Only 11,69,143 shares taken up. The balance 3,55,857 shares allotted privatley. Another 76,250 shares offered at par to employees but only 3,000 shares taken up.

1990 - A rehabilitation scheme as approved by BIFR was under implementation. 1993 - During the year, Company has submitted an application to remove its name from the list of sick companies under BIFR. 1994 - The company was able to wipe of its brought forward losses and the turnover increased by 37%. It remained no more a sick company. - 73,250 shares from the previous issue allotted. 1995 - During the year, fifteen new and improved tyre designs including those for the latest models of Bajaj and TVS Suzuki, Escorts, Yamaha and Kinetic Honda were introduced. - During the year, the company undertook modernisation and expansion programme to double its production in the ensuing year. 2000 - Mather & Platt (I) Ltd. propose to acquire the 619337 shares and Harshit Finlease & Investments Ltd. propose to acquire 400000 shares, constitutes 13.21% and 8.53% respectively, of the equity share capital of the company at Rs.24/- per share from Dunlop India Ltd. 2008 - Falcon Tyres Ltd has informed that Mr. Umesh Bhargava has been appointed as Managing Director of the Company with effect from July 30, 2008. -Falcon Tyres Ltd has appointed Mr. Sunil Bhansali as an Additional Director of the Company w.e.f. September 30, 2008. 2009 - Falcon Tyres Ltd has informed that Mr. Prakash P Mallya was appointed as Additional Director of the Company w.e.f. August 01, 2009. 2010 - Falcon Tyres Ltd has appointed Mr. Vijay Vaid as Additional Director of the Company w.e.f. August 14, 2010

snapshots
Date of Establishment Revenue Market Cap Corporate Address 1975 0 ( USD in Millions ) 1870.962807 ( Rs. in Millions ) Gold Towers ,50 Residency Road , Bengaluru-560025, Karnataka www.falcontyres.com Chairperson - Pawan Kumar Ruia MD - Umesh Bhargava Directors - A K Jain, AK Jain, Ambuj Kumar Jain, Ashok Agarwal, Ashok Gupta, Ashok Kumar Agarwal, K N Prithviraj, Kokkarne Natarajan Prithviraj, M C Bhansali, Pawan Kumar Ruia, Prakash P Mallya, S Badrinarayanan, S Ravi, Sunil Bhansali, Tarun Gandhi, Umesh Bhargava, Vijay Vaid Tyres & Allied Falcon Tyres Limited, Located in Mysore, Karnataka , India and incorporated in 1973 is part of the Ruia Group headed by Chairman Pawan Kumar Ruia . Falcon Manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands fo Total Income - Rs. 9154.705 Million ( year ending Sep 2012) Net Profit - Rs. Million ( year ending Sep 2012) M C Bhansali Lodha & Co

Management Details

Business Operation Background

Financials

Company Secretary Bankers Auditors

Company history
Falcon Tyres Limited, Located in Mysore, Karnataka , India and incorporated in 1973 is part of the Ruia Group headed by Chairman Pawan Kumar Ruia . Falcon Manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands for export markets . In the two and three wheeler category, the company offers an unmatched choice of patterns and design constructions, catering to the different needs of its customers.

Falcon is the preferred choice of leading vehicle manufactures in India including Hero Honda Motors Ltd., Bajaj Auto Ltd., Piaggiao Vehicles Pvt. Ltd. , Mahindra and Mahindra Ltd. , India Yamaha motors Ltd. ,Royal Enfield Ltd. etc. The company has entered into a Technical Aid Agreement with Sumitomo Rubber Industries Ltd. of JAPAN which will give it access to the latest International technology, new product range, upgraded product quality and best processes. Falcons aim is to give maximum satisfaction to its customers by offering the highest standards of service excellence and worldclass products. Product range of the company includes: Falcon Manufactures and markets a wide range of nylon bias ply tyres and butyl tubes for two and three wheelers, passenger cars , jeeps , light commercial and farm vehicles under the DUNLOP brand in Indian market and Falcon and Donin brands for export markets The company manufactures Tyres suitable for the vehicles of:

Royal Enfield Escorts HMSI Bajaj Mahindra Suzuki Yamaha Ultra Motors LML TVS Majestic Hero Honda Piaggio etc

Achievements/ recognition:

Falcon Tyres Limited is certified for ISO9001:2000 , ISO/TS 16949:2002 , ISO 14001:2004 and 18001:1999 . Quality Accreditations : - DOT -ECE -BIS - DGS&D

Key exicutive
S.No 1 2 3 4 6 5 7 8 9 10 Name M C Bhansali Ashok Agarwal Sunil Bhansali S Ravi S Badrinarayanan Ashok Gupta Pawan Kumar Ruia AK Jain K N Prithviraj Prakash P Mallya Designation Company Secretary Director Executive Director Non Executive Director Additional Director Additional Director Executive Chairman Independent Director Independent Director Independent Director

competitors
Company MRF Apollo Tyres Balkrishna Inds. Goodyear India JK Tyres & Inds. CEAT PTL Enterprises Falcon Tyres Dunlop India Sales (Rs.Million) 118701.80 81578.75 28199.60 15134.32 56437.10 44720.21 400.00 9059.57 198.27 Current Price 13375.00 88.25 292.95 328.35 122.15 113.35 28.20 24.05 8.60 Change (%) 0.52 -0.17 0.41 -0.09 -0.57 0.00 -1.40 -0.41 -1.83 P/E Market 52-Week Ratio Cap.(Rs.Million) High/Low 9.86 16.79 8.15 12.53 4.36 5.36 10.36 0.00 0.00 56429.89 13850/7111 44555.79 28200.15 7580.81 5044.14 3881.50 1892.99 1870.96 1068.57 102/64 318/169 413/297 131/69 125/80 40/25 43/20 17/8

Modi Rubber Govind Rubber Krypton Industries Surya Inds Corp

NA 3358.78 321.36 1.19

32.70 31.15 14.80 105.00

1.87 -2.35 -5.43 -4.59

1.97 3.96 0.00 227.01

803.80 696.65 181.71 161.18

60/20 39/10 18/12 111/64

product
Product Name Finished Goods Year Month 2012 09 Sales Sales Quantity Value(Rs.Million) 0.00 9821.95 % of STO 0.00