• Co-promoted Balkrishna Industries Ltd (Manufacturer of Paper Boards and Off-Highway tyres) and Siyaram Silk Mills Ltd (Leading Indian Manufacturer of Fabrics & Garments).
• Successfully established the Coated Paper Boards business as the market leader in high quality segment in Indian market.
• Successfully established the Off-Highway Tyres (OHT) business as the fastest growing, and most profitable tyre business in India, focussing on leveraging India’s competitive manufacturing costs and design resources to sell abroad.
• The Mahansaria Family exited Balkrishna Industries & Siyaram Group in 2006.

• Founded & promoted Alliance Tyre Group (ATG) in June 2007 – Set up a new venture focussing on OHT, partnering with Warburg Pincus & KKR, the leading global Private Equity funds.
• Through prudent combination of acquisitions and green field investments, ATG was developed into a world leader (6th largest producer) in the OHT business with revenue approaching $600 million and sales across 120 countries.
• In July 2016, The Yokohama Rubber Co. Ltd, Japan, one of the world’s leading tyre & rubber group, acquired 100% Equity of ATG from KKR, the Mahansaria Family & other shareholders.

Made Investments behind Avendus Capital Pvt Ltd (Leading financial services provider, focussing in areas of financial advisory, capital markets, wealth management, and alternative asset management) and FSN E-Commerce Ventures Pvt Ltd (Operator of online beauty & wellness store, nykaa.com)

2019 – Set foot into exciting opportunities in manufacturing space that have the potential to become world class through two ventures:

• Mahansaria Tyres Private Limited (MTPL)
• Reise Mitas Tires LLP (RMTL)

Mahansaria Group has incubated manufacturing and trading oriented global businesses.
1. Mahansaria Tyres Private Limited (MTPL) – With an investment of over USD 100 million in Phase 1, MTPL has launched a global brand “Ascenso” for the off the road tyres market. Ascenso as a brand will cater to the needs of three key global segments: Agriculture, Industrial & Construction and Earth Mover.

2. Reise Mitas Tires LLP (RMTL) – RMTL is a world class two wheeler tyres manufacturing facility with 76% holding by the Mahansaria Group and 24% holding by Japanese tyre major, Trelleborg Wheels System (TWS). This will produce two wheeler tyres using world class technology for India, Europe, USA and other global markets.

3. Reise Moto (Reise) – Reise is in the process of launching high performance two wheeler tires in the Indian and other South Asian markets under a new aspirational brand.

Mahansaria Group invests behind high quality entrepreneurs to help scale their businesses trading

• In September ‘20 MTPL (Ascenso) launched of ESG initiative – “Tread Green” and started production at the 127-acre Panoli plant.
• In June ’21 acquisition of US-based Tyres International Inc.
• In November ’22 received EDGE Green Building and IMS certifications and crossed 400+ SKUs.
• In Feb ‘23 rebranded of EATD & TI to Ascenso Tires CE GmbH & Ascenso Tires North America
• In August ‘23 Ascenso become 3rd largest exporter of off-Road tyres from India.
• In September ‘23 Ascenso received “Three-star Export House” certification, the fastest growing brand in the tyre industry.
• March ’24 Ascenso has launched 700+ SKUs and shipped tyres to 90+ countries.