Apollo Tyres Ltd. is one of the world’s largest family businesses. Founded in 1972, Apollo now has over 19,000 employees, serving 100 countries. Neeraj Kanwar is the grandson of founder, Ranuaq Singh. He became MD in 2009 (in his mid-thirties) and has led the growth of Apollo from revenues of US$450 million to over US$3 billion; Apollo is on track to reach US$5bn in revenues by 2026. Neeraj continues to work closely with his father, Onkar Kanwar, who is the company chairman. In this interview, I speak to Neeraj Kanwar, Vice-Chairman & MD of Apollo Tyres and his Father, Onkar Kanwar, Chairman of Apollo Tyres. We discuss the complexities, challenges and opportunities of running one of the world’s largest family businesses including effective succession planning, leadership, culture and change.

Thought Economics

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