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Tube Investments of India Limited

Overview

Tube Investments of India Limited (TII) is an Indian engineering and manufacturing company headquartered in Chennai, Tamil Nadu. It is one of the principal companies of the Murugappa Group, a Chennai-based business conglomerate. The company manufactures precision steel tubes, steel strips, automotive and industrial chains, bicycles, metal-formed products, and tubular components for the automotive, railway, construction, and consumer durables sectors.

Key facts

Name Tube Investments of India Limited
Type Public limited company
Industry Engineering, metals, manufacturing
Parent Murugappa Group
Headquarters Chennai, Tamil Nadu, India
Listings BSE, NSE
Country India

Background

Tube Investments of India traces its origins to a collaboration between the Murugappa Group and Tube Investments Limited of the United Kingdom. The Indian operations grew to encompass tube-making, cycle manufacturing under the well-known BSA and Hercules brands, and chain manufacturing under the Diamond and Rombo brands. Over time, TII evolved into a diversified engineering enterprise with a focus on precision metal products and value-added components.

Business segments

  • Engineering — Cold rolled steel strips, precision steel tubes (CDW and ERW), and tubular components for automotive applications.
  • Metal Formed Products — Automotive and industrial chains, car door frames, fine blanking products, and railway components.
  • Mobility / Cycles — Bicycles and related products, including the BSA and Hercules brands, along with electric bicycles and fitness equipment.

Corporate history

Following an internal restructuring of the Murugappa Group, the legacy listed entity was demerged so that the manufacturing businesses of TII were transferred to a new listed company that retained the Tube Investments of India name, while the financial services arm, including Cholamandalam Investment and Finance Company and Cholamandalam MS General Insurance, was housed under a separate holding entity, Cholamandalam Financial Holdings. This separation allowed TII to focus on its core engineering and manufacturing operations.

Acquisitions and expansion

TII has expanded through acquisitions and new ventures, including stakes in companies operating in industrial gears, large-diameter tubes, and renewable energy adjacent technologies. Through subsidiaries, the group has entered new mobility and electric vehicle segments, including the manufacture of electric three-wheelers and electric tractors.

Operations

The company operates manufacturing plants across multiple Indian states, including facilities in Tamil Nadu, Maharashtra, Uttarakhand, and other locations. Its products supply major automobile original equipment manufacturers, two-wheeler manufacturers, railway operators, and industrial customers in India and overseas.

Significance

Tube Investments of India is regarded as one of the larger Indian-owned engineering companies and is a long-standing supplier of precision tubes and chains to the domestic automotive industry. Its bicycle business has historically been among the largest in India, and the company is also notable as a flagship of the Murugappa Group's manufacturing portfolio.

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