Residence Delhi, India Spouse(s) Taru Kanwar Siblings Narinder Jeet Kanwar | Nationality Indian Parents Raunaq Singh | |
 | ||
Full Name Onkar Singh Kanwar Born March 1942 (age 74–75) Sialkot (now in Pakistan) Net worth US$417.1 million (2015) Children Neeraj Kanwar, Shalini Kanwar Chand, Raaja Kanwar Similar Ashok Chauhan, Chandrajit Banerjee, Narendra Bansal | ||
Onkar Singh Kanwar (born March 1942) is an Indian businessman, chairman and CEO of Apollo Tyres.
Contents
Early life
Onkar Singh Kanwar is the eldest son of Raunaq Singh (1922-2002), the co-founder of Apollo Tyres in 1976, and his first wife.
Career
After his undergraduate degree in business administration and industrial engineering, Onkar worked as a salesman in Riverside, California working on estimates for different government contracts for about six months. He then worked for Abbey Etna Machine Company in Perrysburg, Ohio on the shop floor. The then president of Etna Company after discussions with the Kanwar family and looking at the perseverance of Onkar invested money to start a new pipe factory in India.
Kanwar has grown Apollo Tyres from a small single plant Indian company into a multinational with six plants worldwide, and annual revenues in excess of US$2 billion.
In June 2013, it was reported that Apollo Tyres would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh-largest tyre maker, but the takeover collapsed after legal battles.
Kanwar also owns specialty hospitals under the Artemis brand in northern India.
Personal life
Kanwar is married with three children and lives in Delhi. His eldest child is his daughter Shalini who lives in Singapore. His elder son Raaja runs a clutch of businesses in the logistics and international trading space, and his younger son Neeraj is vice-chairman and managing director of Apollo Tyres.