Who is Onkar Kanwar: Net Worth & Chairman of Apollo Tyres

Onkar Kanwar stands as a pillar of India’s industrial landscape, known primarily as the chairman of Apollo Tyres, a global player in the automotive tyre sector. 

His stewardship not only steered the company’s ambitious transformation from a domestic manufacturer to a multinational enterprise but also cemented his reputation as a visionary entrepreneur. 

Alongside Apollo Tyres, Kanwar has diversified interests in healthcare and education, shaping a multifaceted legacy through both business strategy and philanthropy. 

The Rise of Onkar Kanwar and Apollo Tyres

Onkar Kanwar inherited his entrepreneurial spirit and business acumen from his family but built Apollo Tyres into a worldwide brand through his strategic foresight and commitment to excellence. 

Founded in 1976, Apollo Tyres initially focused on commercial vehicle tyres in India. Under Kanwar’s leadership, the company expanded aggressively, establishing manufacturing facilities across three continents and diversifying its product offering to include passenger cars, trucks, two-wheelers, and specialty tyres.

His approach combined modernization with quality assurance, rigorously advancing Apollo’s manufacturing and R&D capabilities to compete on the global stage. 

Apollo’s acquisition of international brands and the establishment of production units abroad transformed it into a recognized multinational enterprise with revenues crossing the billion-dollar mark. This growth story highlights Kanwar’s ability to balance traditional business values with innovation and globalization strategies.

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Onkar Kanwar’s Leadership and Vision

More than a corporate executive, Onkar Kanwar is recognized as the strategic architect of Apollo Tyres’ vision and value-oriented philosophy. He has continually emphasized responsiveness to change, continuous learning, and corporate social responsibility. 

Kanwar’s leadership style blends pragmatism with a long-term focus on sustainable growth and stakeholder welfare, including employees, customers, and shareholders.

Beyond Apollo Tyres, Kanwar’s roles include serving as Past President of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Chairmanship of the BRICS Business Council for India. 

These positions reflect his influence extending beyond business into policy advocacy and international economic cooperation. Kanwar’s vision also touches education and health sectors, evidenced by his promotion of Artemis Hospitals, a center for advanced healthcare in India.

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Onkar Kanwar’s Net Worth and Business Interests

As a second-generation entrepreneur, Onkar Kanwar’s financial success is closely tied to the performance and expansion of Apollo Tyres. According to recent estimates, his net worth is substantial, stemming from his shareholding in Apollo Tyres and stakes in associated enterprises such as Artemis Global Life Sciences.

Kanwar’s wealth reflects not just personal financial gains but his strategic investments in sectors beyond tyres, including healthcare, through Artemis Hospitals, renowned for offering state-of-the-art medical services. These ventures demonstrate a diversified portfolio that balances industrial manufacturing with service-sector innovation.

His approach to wealth combines business growth with social impact, integrating corporate success with community wellbeing. Kanwar’s ability to nurture companies across sectors projects him as a leader who merges economic accomplishment with meaningful societal contributions.

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Awards and Recognition

Onkar Kanwar has been honored nationally and internationally for his contribution to industry and bilateral economic relations. Among notable accolades are the Ernst and Young Entrepreneur of the Year (India, 2012), Hungary’s Order of Merit, and Japan’s Order of the Rising Sun, Gold and Silver Star. 

These awards recognize his role in strengthening Indo-Hungarian and Indo-Japanese economic partnerships, alongside leadership in manufacturing excellence.

His recognition underscores Kanwar’s reputation as a respected global business figure whose work transcends national borders and industrial boundaries. The awards reflect both his corporate achievements and his diplomatic influence through business.

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Conclusion

Onkar Kanwar’s story is one of sustained leadership, strategic growth, and meaningful diversification. As the chairman of Apollo Tyres, he transformed an Indian company into a global industrial giant, highlighting the power of visionary entrepreneurship paired with consistent execution. 

His net worth and business interests underscore a career characterized by intelligent expansion and commitment to social welfare. Beyond numbers, Kanwar’s impact spans sectors, elevating him as a prominent figure in Indian industry with a legacy intertwined with innovation, responsibility, and international collaboration.

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FAQ

Who is Onkar Kanwar?

Onkar Kanwar is the chairman of Apollo Tyres, an Indian multinational tyre manufacturer, and a prominent business leader known for transforming Apollo into a global brand.

What is Onkar Kanwar’s net worth?

His net worth is significant, primarily due to his equity in Apollo Tyres and investments in healthcare enterprises like Artemis Global Life Sciences.

What other roles does Onkar Kanwar hold?

He has served as Past President of FICCI, Chairman of the BRICS Business Council for India, and is actively involved in the healthcare sector through Artemis Hospitals.

How has Onkar Kanwar influenced Apollo Tyres?

Kanwar guided Apollo Tyres from a domestic tyre manufacturer to a global corporation with a presence on multiple continents, focusing on modernization and product diversification.

What notable awards has Onkar Kanwar received?

He has been awarded the Ernst and Young Entrepreneur of the Year (India), Hungary’s Order of Merit, and Japan’s Order of the Rising Sun for his business and diplomatic contributions.