In what’s being seen as the largest M&A deal in India’s automotive history, Apollo Tyres has announced it will acquire US-based Cooper Tire & Rubber Company in an all cash transaction valued at $2.5 billion or around Rs 14,500 crore.
The deal is larger than Tata Motor’s $2.3 billion Jaguar – Land Rover acquisition, which will propel Apollo from 16th to 7th spot among the biggest tyre companies in the world. With this Kanwar joins a select group of Indian businessmen who are part of the top league whose brief profiles are given below. They are leaders in their sectors.
Company: Reliance Industries Industry: Polyester fibre & yarn
Rank: 1 Capacity: 2.5 million tonnes.
Company: Hero Motocorp Industry: Two-wheeler
Rank: 1 Capacity: 6.2 million units.
Company: Mahindra & Mahindra Industry: Tractors
Rank: 1 Capacity: 236,000 units
Company: Aditya Birla Nuvo Industry: Carbon Black
Rank: 1 Capacity: 2 million tonnes.
Company: Hindustan Zinc Industry: Zinc
Rank: 1 Capacity: 1 million tonne.
Company: Bharat Forge Industry: Forging
Rank: 2 Turnover: Rs 3,249 crore.
Company: Bharati Airtel Industry: Telecom
Rank: 4 User base: 272 million.
Company: Tata Motors Industry: Commercial vehicles
Rank: 4 Capacity: 600,000 units.
Company: Infosys Industry: IT
Rank: 8 Revenues: Rs 36, 765 crore.