Tube Investments of India Limited

Tube Investments of India Limited
Company typePublic
BSE: 540762
NSE: TIINDIA
ISININE974X01010
IndustryEngineering
Founded1949
HeadquartersAvadi, Chennai, Tamil Nadu, India
Key people
Arun Murugappan
ProductsBicycles, automotive chains, car door frames, steel tubes, TMT bars
RevenueIncrease ₹12,070 crore (US$1.4 billion) (FY22)
Increase ₹1,098.10 crore (US$130 million) (FY22)
Increase ₹746.16 crore (US$87 million) (FY22)
ParentMurugappa Group
Websitewww.tiindia.com

Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.

History

  • 1949: Established TI Cycles of India Limited (present day Tube Investments of India Limited) in association with Tube Investments Limited, UK (present day TI Group)
  • 1955: Established Tube Products of India Limited in association with Tube Products (Old Bury) Limited, UK
  • 1960:
  • Established TI Diamond Chains Limited in association with Diamond Chain Company (Usa)
  • Established TI Miller in association with Miller, UK
  • 1965: Established TI Metal Forming
  • 1990: Acquired Press Metal Corporation
  • 1993: TIDC acquired Satavahana Chains
  • 1999: TPI acquired Steel Strips And Tubes Limited
  • 2001:
  • 2010: TI India acquired French chain manufacturer Sedis[1]
  • In 2012, Tube Investments bought a 44.12% controlling stake in Coimbatore-based Shanthi Gears for ₹ 292 crore.[2]
  • In 2014, the large diameter tubing plant was inaugurated

Divisions

The major divisions are:

TI Cycles of India

Hercules cycle on a beach in Mumbai

TI Cycles of India (a unit of Tube Investments of India Ltd.) is a bicycle manufacturer based in India. Established in 1949 by the Murugappa Group and Sir Ivan Stedeford of Tube Investments Group in UK, TI Cycles is the maker of brands including Hercules, BSA and Philips cycles. It has[when?] a manufacturing capacity of around three million bicycles per year. TI Cycles has sponsored including the 900+ km Tour of Nilgiris, through its brand BSA.

TI Cycles of India brands:

Track and Trail India is an initiative of TI Cycles India with the objective to bring brands such as Bianchi, Schwinn, Cannondale, Ducati, etc. to the Indian market.

TI Cycles of India has manufacturing plants at:

  • Ambattur, Chennai
  • Nasik, Maharashtra
  • Noida, Uttar Pradesh
  • Rajpura, Punjab[3]

Tube Products of India (TPI)

Tube Products of India (TPI) is a steel tubes manufacturer based in India.[4] Tube Products of India was established in the year 1955 in collaboration with Tube Products (Old Bury) Limited, UK to produce Electric resistance welding (ERW) and Cold Drawn Welded (CDW) tubes also called as Drawn Over Mandrel tubes.

The manufacturing locations of Tube Products of India are located at:

BSA Motors

BSA Motors is a manufacturer of non-pollutant electric vehicles. It has its manufacturing plant in Avadi, Tiruvallur district.

TI Diamond Chains

TI Diamond Chains, simply known as TIDC India, was established as a joint venture between Tube Investments of India Limited & Diamond Chain Company Inc USA. Tube Investments of India Limited merged it with as a division called TIDC India. TIDC India is a chain manufacturer in segments such as industrial, automotive and fine blanking.

TIDC India's manufacturing plants are:

  • TIDC India, 11, M. T. H Road, Ambattur, Tiruvallur district.
  • Gangnouli, Laksar, Haridwar, Uttrakhand.
  • Kazipally Village, Jinnaram Mandal, Medak District, Telangana.

TI Metal Forming

TI Metal Forming was established in 1965 as a division of Tube Investments of India Limited. It manufactures car door frame (skin parts), glass separator channels, door guide rails (stainless steel), window channels, side impact beams, casing for starter motor (deep drawn part), HCV chassis and CRF sections for railway wagons and coaches.

TI Metal Forming's manufacturing plants:

Montra Electric

Montra Electric is a three-wheeler brand introduced by TI Clean Mobility Private Limited for unveiling its revolutionary electric three-wheeler vehicle “Super Auto”. TI Clean Mobility Private Limited is a wholly-owned subsidiary of Tube Investments of India Limited (Initially established as TI Cycles of India Limited, Madras), a Murugappa Group Company, effective from 12 February 2022. The company is engaged in the manufacturing and marketing of electric three-wheelers in the passenger auto and cargo segments.

Subsidiaries

See also

References

  1. ^ "Historique - SEDIS". Retrieved 18 September 2014.
  2. ^ Preetha, M. Soundarya (13 July 2012). "Tube Investments to buy Shanthi Gears". The Hindu. Coimbatore. Retrieved 18 July 2012.
  3. ^ "Murugappa Group to set up its 4th bicycle plant in Punjab". The Hindu. Press Trust of India. 11 June 2015. Retrieved 16 May 2016.
  4. ^ "Tube Products of India". Tiindia.com. Retrieved 29 May 2012.
  5. ^ "Sedis : chaînes transmission, chaînes manutention, chaînes de levage". Retrieved 18 September 2014.
  6. ^ "Tube Investments takes over majority stake in CG Power, holds 50.62% equity". The Economic Times. 26 November 2020. Retrieved 7 February 2023.