Billionaire Arvind Poddar & Family have a net worth of $3.6 billion. They control Balkrishna Industries which provides tires for construction, agriculture and mining.
Poddar is the Managing Director and Chairman of the company while his son Rajiv is the joint Managing Director.
The family started their business in textile business in 1951. In 1963, the company started manufacting bicycle tires.
The company commenced their off-highway tire business in 1987 and now they supply clients in America and Europe.
Balkrishna Industries has its headquarters in India, and production plants in Italy(Seregno), USA (Ohio), Toronto – Canada. They exports an excess of 2,700 products to over 160 countries globally.
The company’s biggest plant is located in Bhuj, India on 120 hectares of land which was acquired for $500 million.
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