Balkrishna Industries Ltd (BKT) has unveiled a robust five-year strategic plan during its Board of Directors meeting. The roadmap charts an ambitious course to achieve total revenues of Rs 23,000 crore (approximately US$ 2.6 billion) by 2030, underpinned by strategic investments of Rs 3,500 crore ($ 400 million), primarily through internal accruals.
The growth blueprint revolves around three core pillars: strengthening BKT’s leadership in the Off-Highway segment, expanding its Carbon Black business, and entering new tyre categories in the Indian market.
BKT plans to build on its established dominance in the global agricultural tire sector, while scaling up its presence across mining, industrial, construction, and rubber track applications. Following the successful commercialization of its rubber tracks, the company has approved the expansion of its dedicated rubber track facility, which is expected to be operational by the second half of 2026. Parallel efforts will focus on advancing its mining tyre range using proprietary All-Steel Radial technology—extending up to 57 inch—to complement its existing Bias range.
Having laid a solid foundation in Carbon Black over the past three years, BKT is now stepping up its game as a strategic supplier to major tyre manufacturers in India and globally. The company is also strengthening its presence in the specialty and advanced carbon black segments catering to high-performance non-tyre applications. The Board has greenlit a capacity expansion from 200,000 to 360,000 metric ton per year, with project completion targeted for early 2026.
Marking a strategic diversification, BKT will now foray into Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) segments for the domestic market. This move comes on the back of strong performance in India’s OHT sector and rising demand amid robust economic growth. The TBR line will pilot in Q4 of FY25–26, followed by a ramp-up, while the PCR line is scheduled for a pilot launch in Q3 of FY26–27. Together, these new verticals are projected to contribute approximately 20 per cent of BKT’s overall sales by 2030.
BKT’s strategy emphasizes an integrated and efficient industrial framework, leveraging shared infrastructure, cross-segment synergies, and consistent brand investments. This model, the company asserts, allows for scalable expansion without compromising on profitability.
The strategic announcement follows a record-breaking fiscal year for BKT. In FY 2024–25, the company registered revenues of Rs 10,615 crore, reflecting a 13 per cent year-on-year growth, despite challenging global macroeconomic conditions.
“With this development plan, we are setting a clear and ambitious vision for BKT’s future—built on solid foundations, modularity, and organic growth. We are entering new product categories with the same focus and consistency that have driven us in the Off-Highway space, backed by the trust we’ve earned worldwide,” said Rajiv Poddar, Joint Managing Director, BKT.
BKT’s five-year plan signals a bold, forward-looking approach that balances innovation, market diversification, and operational efficiency, positioning the company for sustained leadership across both traditional and emerging tire segments.