Less than three years after acquiring Birla Tyres through the insolvency process, Himadri Speciality Chemical is aiming to build the once-defunct tyre maker into a ₹3,000-crore business, banking on premium products, exports and electric vehicle (EV) tyres to drive its turnaround.
The ambitious target comes after Birla Tyres generated ₹187 crore in revenue in FY26, marking the company’s return to business after its Balasore manufacturing facility remained shut for more than 30 months.
The revival follows Himadri’s acquisition of Birla Tyres along with Dalmia Bharat Refractories Ltd (DBRL) under the Insolvency and Bankruptcy Code. The consortium acquired the company for around ₹347 crore, against admitted secured…