BillionaireNet
Kanwar
Onkar Kanwar
Rank #2271
INDIADiversifiedTires

Onkar Kanwar

Net Worth
$1.654B
-0.46% (24h)
Onkar Kanwar, born in March 1942, is the Chairman of Apollo Tyres, an Indian multinational tire manufacturing company. His leadership has been instrumental in transforming the company into a global player with a strong presence in the tire industry. With a net worth of $1.7 billion, Kanwar's wealth stems from his involvement with Apollo Tyres, where he steered the company's focus towards tire manufacturing and international expansion. His career includes a pivotal role in the family business, taking over the reins during challenging times and leading Apollo Tyres to become a major international competitor. Kanwar is known for his strategic vision and commitment to modern management practices, reflecting a career marked by significant achievements in the automotive sector.

The Full Dossier

Early Life

Onkar Kanwar was born in Sialkot, British India (now in Pakistan) in March 1942. His family moved to India during the partition. Kanwar earned a degree in science and administration from the University of California. He is the eldest son of Raunaq Singh, who co-founded Apollo Tyres in 1972.

Rise to Success

Kanwar joined the family business in 1964, later taking control of Apollo Tyres in 2002 after a dispute with his father. His vision focused on tire manufacturing and global expansion, transforming the company into a major international player. Under his leadership, Apollo Tyres has grown significantly. Kanwar has been instrumental in growing Apollo Tyres into a major player in the global tire market, with operations spanning over 100 countries and multiple manufacturing facilities.

Key Business Strategies

Kanwar has emphasized strategic investments in research and development and expanding the company's global footprint. The acquisition of Vredestein in 2009 was a key move in expanding Apollo's international presence. He has also focused on modern management practices and adapting to the evolving automotive market.

Philanthropy

While specific figures are difficult to ascertain with precision, Apollo Tyres engages in various Corporate Social Responsibility (CSR) initiatives. These include programs focused on HIV/AIDS prevention and women's empowerment, reflecting Kanwar's commitment to social contributions.

Career Timeline

2024

Lifetime Achievement Award

Received the Lifetime Achievement Award from the All India Management Association.

2009

Acquisition of Vredestein

Acquired the Dutch tire maker Vredestein, expanding Apollo's global presence.

2002

Took Control of Apollo Tyres

Assumed leadership of Apollo Tyres, focusing on tire manufacturing and global expansion.

1976

Focus on Tire Manufacturing

The family decided to expand and venture into tire manufacturing.

1964

Joined Family Business

Began his career in the family business after completing his education.

Philanthropic Impact

Corporate Social ResponsibilityUndisclosed

CSR Initiatives

Supports various CSR initiatives, including programs focused on HIV/AIDS prevention and women's empowerment.

Wealth Trajectory