- Rajiv Poddar, Joint Managing Director, BKT
Headquartered in Mumbai, India, Balkrishna Industries Ltd (BKT) is a leading manufacturer in the off-highway tire market. Established in 1987, the company has successfully focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, and other applications. With its products sold in more than 130 countries worldwide, the company employs more than 7,000 people in its five state-of-the-art production sites in Aurangabad, Bhiwadi, Chopanki, Dombivali and Bhuj. Rajiv Poddar, Joint Managing Director, BKT, shares more on the company in conversation with SHRIYAL SETHUMADHAVAN.
What has led to BKT´s success over the years?
There are no limits to growth. Success in management required learning as fast as the world is changing. BKT has established solid roots over the years bringing in radical changes, which steered our company ahead towards fast prospering growth. Getting deeper insights into all corporate processes from manufacturing to finance, from sales to marketing, has been fundamental by leaving no stone unturned.
Tell us about the Bhuj plant.
It is a greenfield project and the company´s largest production plant. This is going to almost double the capacity and thus help in pushing the growth momentum at BKT.
How do you see the current market scenario in India?
The construction scenario is slightly better than what it used to be and going forward we are expecting good growth.
The government has been making announcements every day, but these are yet to fructify. We expect that by the Q12016, projects will take off, following which we will have a great opportunity.
How has the slow growth impacted the company´s growth and sales in India?
The sentiments were positive when the government changed, and the expectation was immediately changed without realising that there are many challenges. But even in this scenario, BKT´s business has not witnessed a downfall.