Tube Investments of India Limited

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Tube Investments of India Limited
Public
Industry Engineering
Founded 1969
Headquarters Chennai, Tamil Nadu, India
Key people
 M. M. Murugappan
Products Bicycles, automotive chains, car door frames, steel tubes
Increase US$ 00.966 billion (2012)
Total assets Increase US$ 1.9 billion (2012)
Parent Murugappa Group
Website www.tiindia.com

Tube Investments of India Limited (Initially established as TI Cycles of India Limited, Madras) was a Murugappa Group company that specialised in engineering, bicycles, metal formed products, and chains. It was based in Chennai. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.

History

  • 1949: Established TI Cycles of India Limited (present day Tube Investments of India Limited) in association with Tube Investments Limited, UK(present dayTI Group)
  • 1955: Established Tube Products of India Limited in association with Tube Products (Old Bury) Limited, UK
  • 1960:
  • Established TI Diamond Chains Limited in association with Diamond Chain Company( Usa)
  • Established TI Miller in association with Miller, UK
  • 1965: Established TI Metal Forming
  • 1990: Acquired Press Metal Corporation
  • 1993: TIDC acquired Satavahana Chains
  • 1999: TPI acquired Steel Strips And Tubes Limited
  • 2001:
  • 2010: TI India acquired French chain manufacturer Sedis[1]

Current major divisions

The major divisions now are:

TI Cycles of India

TI Cycles of India (a unit of Tube Investments of India Ltd.) is a bicycle manufacturer based in India. Established in 1949 by the Murugappa Group and Sir Ivan Stedeford of Tube Investments Group in UK, TI Cycles is the maker of brands like Hercules, BSA and Philips cycles. Currently it is the first largest cycle manufacturer in India and number one manufacturer in special segments like mountain bikes, sports lite roadsters, racing bikes etc. It has a manufacturing capacity of around three million bicycles per year. Of late, TI Cycles has begun to sponsor a variety of cycling events, one of them being the 900+ km Tour of Nilgiris, through its brand BSA. TI Cycles of India brands:

  • TI Cycles
  • BSA Cycles
  • Hercules Cycles
  • Philips Cycles
  • Track & Trail Cycles
  • Montra Cycles

Track and Trail India is an initiative of TI Cycles India with the objective to bring brands such as Bianchi, Schwinn, Cannondale, Ducati, etc. to the Indian market.

TI Cycles of India has manufacturing plants at:

  • Ambattur, Chennai
  • Nasik, Maharashtra
  • Noida, Uttar Pradesh
  • Rajpura, Punjab[2]

Tube Products of India (TPI)

Tube Products of India (TPI) a Unit of Tube Investments of India Ltd. is a steel tubes manufacturer based in India.[3] Tube Investments of India is a flagship company of Murugappa Group. Tube Products of India established in the year 1955 in collaboration with Tube Products (Old Bury) Limited, UK to produce Electric resistance welding (ERW) and Cold Drawn Welded (CDW) tubes also called as Drawn Over Mandrel tubes.

The manufacturing locations of Tube Products of India are located at:

BSA Motors

BSA Motors is a manufacturer of non - pollutant electric vehicles. It has its state of manufacturing plant in Ambattur, Tiruvallur district

TI Diamond Chains

TI Diamond Chains is simply known as TIDC India. T I Diamond Chain Limited is established as joint venture between Tube Investments of India Limited & Diamond Chain Company Inc USA. Now Tube Investments of India Limited merged it with as a division called TIDC India. TIDC India is leading chain manufacturer in segments such as Industrial, Automotive and Fine Blanking.

TIDC India's manufacturing plants are:

  • TIDC India, 11, M. T. H Road, Ambattur, Tiruvallur district.
  • Gangnouli, Laksar, Haridwar, Uttrakhand.
  • Kazipally Village, Jinnaram Mandal, Medak District, Andhra Pradesh.

TI Metal Forming

TI Metal Forming was established in 1965 as a division of Tube Investments of India Limited. It manufactures Car door frame (skin parts), Glass separator channels, Door guide rails (stainless steel), Window channels, Side impact beams, Casing for starter motor (deep drawn part), HCV chassis and CRF sections for Railway wagons and coaches.

TI Metal Forming is having four manufacturing plants:

TI India Latest

In 2012, Tube Investments bought a 44.12% controlling stake in Coimbatore-based Shanthi Gears for ₹ 292 crore.[4]

Tube Investments of India Subsidiaries

See also

References

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External links

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