Apollo Ranked in Indian Top 10 for Shareholder Return

According to a study undertaken by one of India’s leading business magazines, Outlook Business, Apollo Tyres is the tenth highest ranked Indian multinational company in terms of shareholder returns. Apollo is the only tyre manufacturer to appear in the top ten, and according to its 2008-09 financial year results, delivered a 10.5 per cent CAGR return to shareholders. Commenting on Outlook Business’s acknowledgement of the company’s performance, Kankana Das from Apollo Tyres’ corporate relations stated “as a tyre company, we take special pride in being in the top ten.”