Emerald Tyre Manufacturers Ltd IPO

About Emerald Tyre Manufacturers Ltd

Emerald Tyre Manufacturers Limited was originally incorporated as Emrald Resilient Tyre Manufactures Private Limited a private limited company under the Companies Act, 1956 with the Registrar of Companies (ROC), Tamil Nadu pursuant to Certificate of Incorporation dated March 27, 2002. Thereafter, the name of the Company was changed from Emrald Resilient Tyre Manufactures Private Limited to Emerald Resilient Tyre Manufacturers Private Limited vide special resolution passed by the members at the Extra-ordinary General Meeting held on July 16, 2018. Subsequently, the company was converted into Public Limited Company and name of company was changed from Emerald Resilient Tyre Manufacturers Private Limited to Emerald Resilient Tyre Manufacturers Limited pursuant to a special resolution passed by our shareholders at the Extra Ordinary General Meeting held on November 25, 2023, and a fresh certificate of incorporation was issued by the Registrar of Companies, Tamil Nadu dated December 22, 2023. Thereafter, the name of the Company was changed from Emerald Resilient Tyre Manufacturers Limited to Emerald Tyre Manufacturers Limited vide special resolution passed by the members at the Extra-ordinary General Meeting held on January 11, 2024. The CIN of the Company is U25111TN2002PLC048665.

The company operates in Off Highway Tyres (OHT) manufacturing, contributing significantly to the global market. The Off Highway Tyre (OHT) manufacturing industry continues to demonstrate its resilience and importance, backed by statistical data from the previous year. In 2023, the global OHT tyre market witnessed significant growth, with a notable increase in demand driven by infrastructure projects, mining activities, and agricultural mechanization. According to industry reports, the market experienced a robust compound annual growth rate (CAGR) of over 8% during the fiscal year. On a regional level, various countries, including India, China, the United States, and Brazil, emerged as key contributors to this growth, each witnessing substantial expansion in their respective OHT tyre markets. India, in particular, showcased remarkable growth, fuelled by government initiatives aimed at enhancing infrastructure and accelerating industrial development. This statistical data underscores the industry's vitality and underscores its pivotal role in supporting critical sectors worldwide. As we look ahead, the OHT tyre manufacturing industry remains poised for further growth and innovation, driven by evolving market dynamics and a relentless commitment to meeting the demands of off-road applications across the globe.

Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders etc. The Company being incorporated in the year 2002, has a presence in the Domestic market as well as Global market for more than two decades. Pursuant to the strong market position in off highway tyre manufacturing industry, its manufacturing unit is operational at Plot No.79 & 80, EPIP Zone SIPCOT Industrial Complex Gummudipoondi, Tiruvallur District Tamil Nadu 601201 spread over 10.05 acres. The Company has an installed production capacity of 3522 MT of tyres, tubes and wheels (Not annualised). Its product range covers a wide range of off highway tyres. The Company has the flexibility in its manufacturing facility to address market requirements.

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