By Priya Raghuvanshi
Copyright timesnownews
Apollo Tyres has made a major splash in the cricketing arena by becoming the new jersey sponsor for the Indian cricket team, stepping in after online gaming platform Dream11 exited the sponsorship deal. This move highlights Apollo Tyres’ expanding footprint not just in business but also in Indian sports culture. At the helm of this success is Onkar Kanwar, the Chairman of Apollo Tyres, whose leadership has been instrumental in steering the company to new heights. Onkar Kanwar’s rise hasn’t been without challenges. The second-generation leader took control after a well-publicized family dispute with his father, Raunaq Singh, who founded Apollo Tyres in 1972. While Singh envisioned Apollo as a diversified conglomerate, Kanwar insisted on focusing solely on tires, a stance that defined his leadership style. Speaking to Forbes India, Kanwar called the conflict a defining moment that left a lasting impact. Unlike the turbulent succession with his father, Kanwar’s own handover of responsibilities has been smoother. He appointed his younger son, Neeraj, a US-educated engineer, as vice chairman four years ago while stepping back from daily operations. Meanwhile, his elder son Raaja leads the international division and pursues ventures including the digital cinema company UFO Moviez, echoing the entrepreneurial spirit of his grandfather. Onkar Kanwar’s Net Worth Onkar Kanwar’s net worth stands at $1.6 billion, according to Forbes data. Apollo Tyres’ Growing Market Presence Apollo Tyres is one of the leading manufacturers of tires for cars, trucks, agricultural vehicles, and two-wheelers. The company markets its products under the Apollo and Vredestein brands across India, Europe, and Asia. As of September 16, Apollo Tyres boasts a market capitalisation of approximately Rs 30,910 crore. The company’s expansion into sponsoring the Indian cricket team jersey is a testament to its growing influence and ambition to connect with the nation’s sporting spirit. With Kanwar at the helm, Apollo Tyres continues to strengthen its brand both domestically and internationally.
