Billionaire Profile
Onkar Kanwar
Global Rank
#2209

Image: Public domain | via Wikimedia Commons

Onkar Kanwar

CEO, Apollo Tyres
IN
Real-Time Net Worth
$1.7B
As of December 2025
Age
83
Source
Tires
Industry
automotive
Citizenship
IN

Biography

Onkar Kanwar, born in 1942, is the Chairman of Apollo Tyres, a leading global tire manufacturer. With an estimated net worth of $1.7 billion, his wealth stems from his leadership and significant stake in the automotive industry. Kanwar's career began after his education at California State University. He transformed Apollo Tyres from a single-plant Indian company to a multinational corporation with a presence in over 100 countries. His achievements include expanding Apollo's global footprint and leading the company's strategic vision. Kanwar is known for his focus on quality, innovation, and stakeholder value.

Wealth Over Time

In-Depth Profile

Early Life

Onkar Kanwar was born in Sialkot, British India (now in Pakistan), in March 1942. His family relocated to India during the partition. He pursued higher education in the United States, earning a degree in Science and Administration from the University of California.

Rise to Success

Kanwar joined the family business, Apollo Tyres, in 1964. He took control of the company in 2002, after a period of family disputes. Under his leadership, Apollo Tyres has grown into a major international player, with operations spanning multiple countries, including India, Europe, and the Netherlands. Key acquisitions, such as the Dutch brand Vredestein, have contributed significantly to its global expansion.

Key Business Strategies

Kanwar's strategies have focused on profitable growth, market share gains, and expanding product categories. His vision has transformed Apollo Tyres from a domestic manufacturer into a global entity. He is known for emphasizing bettering the lives of stakeholders, including employees, customers, and shareholders.

Philanthropy

Kanwar has a keen interest in healthcare and education. He has promoted Artemis Health Sciences, which focuses on advanced medical care. Through Apollo Tyres Foundation, he has also initiated programs for HIV-AIDS awareness and prevention among the commercial vehicle driver community.

Career Milestones

1976

Took control of Apollo Tyres

Onkar Kanwar began his journey to lead Apollo Tyres. The company expanded into tyre manufacturing.

2002

Assumed Control of Apollo Tyres

Took control of the company after a family dispute, and refocused the company on tire manufacturing and global expansion.

2012

Ernst & Young Entrepreneur of the Year Award

Received the award in the manufacturing category.

2013

Attempted Acquisition of Cooper Tire & Rubber Company

Attempted to purchase Cooper Tire & Rubber Company but the deal collapsed.

2024

AIMA Lifetime Achievement Award

Awarded the Lifetime Achievement Award from the All India Management Association.

Philanthropy & Social Impact

Health

HIV-AIDS Awareness Program

Undisclosed

Apollo Tyres Foundation's Health Care Centres located in large transhipment hubs across India.

Business Philosophy & Leadership

Notable Quotes

"Modernisation, excellence and quality are his guiding principals."

Leadership Principles

Emphasis on Stakeholder Value

Kanwar focuses on improving the lives of employees, customers, business partners, and shareholders.

Responsiveness to Change

Kanwar is known for adapting to changing market conditions and staying ahead of the competition.

Continuous Learning

Kanwar is passionate about learning modern management practices and their successful application in business.

Controversies & Challenges

2002

Family Dispute

Kanwar took control of Apollo Tyres after a public dispute with his father, Raunaq Singh.