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 |
 US$ 0.966 billion (2012) |
|
| Total assets |
US$ 1.9 billion (2012) |
| Parent | Murugappa Group |
| Website | www |
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.
The major divisions now are:
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:
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:
Tube Products of India (TPI) a Unit of Tube Investments of India Ltd. is a steel tubes manufacturer based in India. 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.
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Wikipedia