Tube Investments of India belongs to the Chennai based Murugappa Group. At the standalone level, the company has 3 divisions – Mobility, Engineering and Metal Formed Products. The Mobility division contributes ~8% of sales in H1FY22 is engaged in the manufacturing of cycles under the brands like BSA, Hercules, Montra and Roadeo. The company is also expected to launch its electric 3-wheeler. The engineering division contributed ~31% of sales in H1FY22 and it manufactures welded tubes and steel strips. The metal forms product contributes 13% of sales in H1FY22 and it manufactures chains, railway products, agri-blades and motor casings. The company also acquired a controlling stake of 53.16% stake in CG Power and Industrial Solutions Ltd which is a leading player in industrial and power systems in India. The company also has a 70.5% stake in Shanthi Gears Ltd.
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Tube Investments of India Ltd. (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry. The company is a flagship Company of the renowned Murugappa Group, India’s leading business conglomerate.
Business area of the company
Tube Investments of India manufactures fabricated metal products. The Company specializes in cycles, steel tubes, strips, chains, and metal formed items. Tube Investments of India serves customers in India.
Awards & Accolades