Meet man who was born in Pakistan, found success in India, nearly sold his company for Rs 1, now worth Rs 14046656000, his name is…

Onkar Singh Kanwar was born in Pakistan and his family came to India after partition. He co-founded Apollo Tyres and led the company to new heights. Lets know more about Onkar Singh Kanwar.

Success Story: It is said that success requires sweat and blood. Some lucky people get money and fame as an inheritance, while others have to make their own destiny. Today’s story is about a man who wrote his own destiny and built his own empire. Today, he is an inspiration and role model for several businessmen and entrepreneurs. During his hard time, a moment came when his company was about to be sold for Rs 1, but he didn’t give up and turned his hardships into success. We are talking about Omkar Singh Kanwar, a prominent name in the business world. He is currently serving as the company’s chairman and managing director. Let’s know more about Omkar Singh Kanwar.

Who is Omkar Singh Kanwar?

Omkar Singh Kanwar was born in Pakistan and his family suffered the pain of partition. He was born in Sialkot in 1942 and is the eldest son of Apollo Tyres co-founder Raunak Singh. His family came to India during the partition. His father started a pipe business in India and sent his son Omkar to the United States for higher studies. After completing his studies, Omkar worked in the US for some time but returned to India in the year 1964. He then joined his family business. Omkar’s family decided to expand the business and step into the tyre manufacturing business, this idea laid the foundation of Apollo Tyres.

Why Kanwar’s Father Wanted to Sell The Company For Just Rs 1?

The business started pretty well, but due to the imposition of an emergency in 1975, it faced losses, DNA reported. The situation became so worse that at that time, Omkar’s father was ready to sell the company for just Rs 1. Then Omkar Singh took the responsibility of Apollo Tyres and saved it from bankruptcy

HIGHLIGHTS

• Onkar Singh Kanwar, born in Sialkot in 1942, is the son of Apollo Tyres co-founder Raunak Singh.
• During the Emergency in 1975, Apollo Tyres faced severe losses, and his father even considered selling the company for just Rs 1.
• He transformed Apollo Tyres into a multinational company with 7 plants worldwide.
• Onkar Singh Kanwar’s current net worth is USD 1.6 billion (Rs 14,04,66,56,000).

Who Made Apollo Tyres A Multinational Company?

Omkar Singh then put his focus on expanding Apollo Tyres and expanded the business to other countries. He developed Apollo Tyres into a multinational company with 7 plants across the world. Apart from Apollo Tyres, Kanwar also owns speciality hospitals in northern India under the Artemis brand.

What Is The Current Net Worth Of Omkar Singh Kanwar?

Omkar Singh Kanwar’s current wealth is USD 1.6 billion (Rs 14046656000), as per the Forbes Real Time Billionaires List.