The tire manufacturer's board has greenlit leadership changes including the re-appointment of its chairman and two new directors, while also announcing the completion of a major production expansion.
20 Dec 2025 | 1688 Views | By Sarthak Mahajan
Balkrishna Industries Limited announced significant developments from its board meeting held on December 19, 2025, covering both leadership appointments and operational milestones.
The board approved the re-appointment of Arvind Poddar as Chairman and Managing Director for another five-year term beginning August 1, 2026. Poddar has been instrumental in steering ...
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Balkrishna Industries Limited announced significant developments from its board meeting held on December 19, 2025, covering both leadership appointments and operational milestones.
The board approved the re-appointment of Arvind Poddar as Chairman and Managing Director for another five-year term beginning August 1, 2026. Poddar has been instrumental in steering the company's strategic shift from two and three-wheeler tires to the off-highway segment, achieving consistent growth with a 16% revenue CAGR and 20% net profit CAGR under his leadership.
Two new directors will join the board pending shareholder approval. Natarajan Gnanaskandan Tanjore, a 63-year-old chartered accountant with extensive experience in project finance and capital markets, has been appointed as an Independent Director for five years starting February 1, 2026. Ashok Saraf, Managing Director of Sarex Group and a commerce graduate with finance management credentials, will serve as a Non-Executive Non-Independent Director from the same date.
A postal ballot notice has been approved for these appointments, with e-voting scheduled from December 24, 2025, to January 22, 2026.
On the operational front, the company announced the completion of one line of its carbon black production facility at Bhuj. This expansion increases the total installed capacity to 265,000 tonnes per annum. The carbon black project is part of a larger Rs. 3,500 crore capital expenditure program approved in May 2025, which also includes facilities for commercial vehicle tires, power plants, rubber tracks, and passenger car radial tires.