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Ashok Mahansaria

Ashok Mahansaria has been in the tyre business for over four decades now. In 1975, he co-promoted Balkrishna Industries Limited (manufacturer of paper boards and tyres).

By 2006, the paper boards business was considered the leader in the premium quality segment of the Indian market. The off-highway tyre business had become the fastest growing and the most profitable tyre business in India.

In 2006, the Mahansarias parted ways with their partners in BKT tyres and set up a new venture that focused on the OHT business. They partnered with Warburg Pincus, a leading global private equity fund. They acquired a struggling tyre company in Israel and set up a greenfield manufacturing plant in India.

Fast forward to 2016, the Mahansarias had transformed the struggling tyre company into one of the world’s leading off-highway tyre brands with revenues reaching $ 600 million, and with customers across 120 countries.
Ashok Mahansaria was also a co-promoter of Siyaram Silk Mills Limited (manufacturer of suiting and shirting fabrics) until 2006.

Yogesh Mahansaria

Mr. Yogesh Mahansaria started his career in 1993 at Balkrishna Industries Ltd, a company co-promoted by the Mahansaria Family.

During his tenure there he was given responsibility for business development at the tyre business, wherein he identified the opportunity to enter the global market for Off-Highway Tyres

In 2000, he was appointed CEO of the tyre business, a position he held till 2006; during this time, he drove the increase in revenues for the tyre business from $20 million to $125 million, and increased profitability significantly.

In 2006, Mr. Mahansaria and his father got together with Warburg Pincus LLC to establish Alliance Tyre Group, with the acquisition of Alliance Tyre Company, in Israel.

This was followed by the establishment of ATC Tires Pvt. Ltd, to set up greenfield Off-Highway tyre manufacturing plants in India, and subsequently, the Group acquired the Off Highway Tyre distribution assets and brands of GPX International Tire Co of USA in 2009.

In a short span of time, Mr. Mahansaria has been able to build the Group from an idea into one of the world leaders in Off-Highway tyres, with revenues approaching $600 million, team of 5,000 employees and network of over 2,200 customer across 120 countries.

On 1st July 2016, The Yokohama Rubber Co. Ltd, Japan, one of the world’s leading tire & rubber group acquired 100% equity of ATG from KKR, the Mahansaria Family & other shareholders.

Presently, in addition to managing his Family Office, he has also incubated new ventures – Mahansaria Tyres Private Limited (MTPL) and SYAM Trelleborg Tires LLP to focus on manufacturing opportunities in tyre and rubber space.

Mr Mahansaria has served as a Director on the Boards of:

  • Nykaa from 09/11/2016 to 30/07/2021 – 4.9 years
  • Avendus Capital Pvt Ltd from 15/05/2017 to 27/05/2021 – 4 years
    (Leading financial services provider, focusing in areas of financial advisory, capital markets, wealth management and alternative asset management)
  • FSN E-Commerce Ventures Pvt Ltd (Operator of online beauty & wellness store, nykaa.com)
 Mr. Yogesh Mahansaria’s Other Engagements:
  • Served as an advisor to Faering Capital (a leading mid market focused private equity fund in India)
  • He is an active member of YPO (Young President’s Association) (Mumbai Chapter).
Awards & Recognitions:
For his contribution towards the growth of the tyre industry and the industries in general, Yogesh Mahansaria has received many prestigious awards. Some of the key awards are:
  • Forbes Next Gen Entrepreneur of the Year 2014
  • EY Entrepreneur of the Year – Manufacturing 2014
  • Economic Times Top 40 under 40 Business Leader