In motion, with meaning
At BKT, every milestone is part of a larger journey - one guided by
enduring values and a clear sense of direction. Over the years, we have evolved from a
focused Off-Highway tire manufacturer into a diversified, global company.
FY 2024-25 has been a defining chapter in this journey.
Riding the currents of change
The global mobility ecosystem is evolving amid a complex blend of
challenges and accelerators. Inflationary pressures and geopolitical instability have
tested the resilience of global markets, yet core sectors - infrastructure, construction,
agriculture, and logistics - remain fundamentally robust. These industries are gaining
momentum through public investment, energy transition, and a growing shift toward
integrated, globalised supply chains.
At the same time, volatility in raw material markets, particularly in
natural rubber and carbon black, has underscored the need for sourcing agility and
backward integration. These are areas where BKT has already taken decisive action,
reinforcing our resilience ahead of the curve.
On the demand side, we are witnessing a clear pivot: customers across
industries increasingly expect smarter, longer-lasting, and more environmentally
responsible tire solutions. We see this not just as a trend but as a structural shift in
market expectations, and a compelling opportunity for BKT.
In this context, our strategic entry into the Premium Passenger Car
Radial (PCR) and Commercial Vehicle Radial (CVR) tire segments is a timely and intentional
step. It is not merely diversification; it is a natural extension of our core strengths -
engineering precision, quality assurance, and scalable manufacturing.
With India's economy expanding, personal mobility on the rise, and
logistics networks becoming more sophisticated, we are confident that our entry into these
categories will create lasting value.
Strategic progress: Staying ahead, staying true
This year has marked a phase of decisive progress in BKT's
transformation journey, driven by strategic clarity and strong execution. Aligned with our
five-year C23,000 Crores strategic roadmap, our entry into the Premium Passenger Car
Radial (PCR) and Commercial Vehicle Radial (CVR) tire segments in India is projected to
contribute approximately 20% of enhanced revenue by FY 2029-30, with rollout scheduled in
phases. This modular approach, which begins with the replacement market, lays the
foundation for a broader presence in mainstream mobility over time.
On the manufacturing front, we continue to expand and future-proof our
facilities. Our Bhuj plant - already a key hub of innovation - has received fresh
investments in advanced carbon black production, track tire capacity, and radial
infrastructure.
The commissioning of our high- value carbon black facility and mould
plant highlights our belief in vertical integration as both a hedge against input
volatility and a pillar of quality control.
At the core of this momentum is a culture of applied innovation.
Our in-house R&D continues to deliver solutions tailored to
real-world challenges - whether it's enhancing durability, improving fuel efficiency, or
validating performance through advanced protocols at our dedicated tire test track. And as
we scale, we do so responsibly, integrating ESG practices throughout our value chain -
from circular energy use and water stewardship to community engagement and workforce
well-being.
Stewardship that scales with strategy
Our progress is powered not only by ambition but by governance grounded
in integrity and foresight. At the core of BKT's forward momentum lies a robust governance
framework that anchors every decision, investment, and innovation in integrity and
transparency. Under the guidance of a diverse and experienced Board, sustainability has
been woven into the very fabric of our governance. Our Enterprise Risk Management (ERM)
system is continuously updated to anticipate global shifts - from supply chain disruptions
and regulatory change to emerging ESG priorities. Ongoing dialogue between management and
the Board ensures that our strategy remains agile, tested and aligned with stakeholder
expectations.
One clear example of this governance in action is the active oversight
by our Audit Committee, which monitors risks, internal controls, and cybersecurity
preparedness. Likewise, our Business Responsibility and Sustainability Committee plays a
critical role in embedding ESG considerations into every expansion, whether ramping up
radial tire production or scaling carbon black capacity. These governance pillars provide
confidence that our growth is as responsible as it is ambitious.
Playing in the big league
We are proud to partner with some of the world's most esteemed sporting
arenas - playing in the highest league of brand presence.
As Official Tire Partner of Monster Jam since 2014, and title sponsor
of top-tier leagues like Italy's Serie BKT, France's Ligue 2 BKT, the United Rugby
Championship, and the BKT EuroCup in basketball, our brand is on centre stage in front of
global audiences. In India, we are equally visible, most recently as the official tire
partner to seven leading T20 cricket franchises, bringing BKT's message of performance,
reliability, and collective spirit to millions of passionate fans. These partnerships
reflect our confidence in carrying the BKT name alongside elite brands and in inspiring
fans through sport and shared values.
Clear goals.
Shared resolve.
As we look towards FY 2029-30, our direction is well defined. We are on
track to achieve H23,000 Crores in revenue, driven by our three strategic levers:
consolidating our leadership in Off-Highway tires (70% of revenue), unlocking new value
streams through carbon black (10%), and building long-term momentum in the PCR and CVR
segments (20%).
But numbers alone do not define who we are or where we are going. What
will shape BKT's next chapter is the shared purpose that binds our people, the values that
inform our decisions, and the unity that drives us forward. From test tracks in Bhuj to
replacement markets across city streets, every milestone we reach is a reflection of
collective intent.
We are not only expanding our operations - we are shaping a new legacy.
A legacy built on innovation, driven by integration, and sustained by trust. Trust in our
processes, our people, and the future we are creating together.
Let us continue this journey with the same determination that earned us
global respect and the same openness that will guide us through the roads yet to be drawn.
Gratitude for the road ahead
To the Board of Directors, to our leadership team, and to every BKT
colleague around the world - your unwavering dedication and integrity continue to shape
the strength of our enterprise. Your work is the compass that guides our evolution.
To our customers, partners, distributors, and communities - your
enduring trust is the true measure of our success. It compels us to honour every promise
and raise the bar at every step.
To our investors and stakeholders - your belief in our vision sustains
our long-term ambition and drives us to lead with courage, responsibility, and foresight.
As we advance along new roads, we remain anchored in the same direction
- toward a future where excellence is not an aspiration but a shared responsibility. A
future we are proud to build - together.
Thank you.
Arvind Poddar
Chairman and Managing Director