Tolins Tyres

The story of Tolins Tyres begins in 1982 in Kalady, Kerala, when the late K.P. Varkey started a small-scale unit to manufacture tread rubber. The initial business was focused on providing tyre retreading solutions, a foundational service in the automotive industry. For decades, the company grew steadily, building its expertise and expanding its manufacturing capabilities within India. A pivotal moment came in the mid-2000s when the company, under the leadership of the founder's son, Dr. K.V. Tolin, expanded from retreading products into tyre manufacturing. This strategic shift was soon followed by international expansion. In 2006, Tolins established a plant in the UAE, officially becoming a multinational company and extending its reach into markets across the Middle East and Africa. The company continued its growth trajectory, diversifying its product portfolio to include tyres for light commercial vehicles, agricultural equipment, and two and three-wheelers. A significant operational leap occurred in 2023 with the acquisition of the Rado Tyres unit from Ceat Ltd., an event that increased its daily production capacity fivefold to 5,000 tyres. After four decades of operating as a family-run enterprise, Tolins Tyres marked its next major milestone. In early 2024, the company converted to a public limited company, setting the stage for an Initial Public Offering (IPO) in September 2024. The IPO, valued at ₹230 crore, was designed to reduce debt and fund working capital, signaling a new chapter of growth and ambition for the Kerala-based tyre manufacturer.