Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.
1949: Established TI Cycles of India Limited (present day Tube Investments of India Limited) in association with Tube Investments Limited, UK (present day TI Group)
1955: Established Tube Products of India Limited in association with Tube Products (Old Bury) Limited, UK
1960:
Established TI Diamond Chains Limited in association with Diamond Chain Company (Usa)
Established TI Miller in association with Miller, UK
1965: Established TI Metal Forming
1990: Acquired Press Metal Corporation
1993: TIDC acquired Satavahana Chains
1999: TPI acquired Steel Strips And Tubes Limited
2001:
TII acquired Cholamandalam Investment and Finance Company Limited
TI Cycles of India (a unit of Tube Investments of India Ltd.) is a bicycle manufacturer based in India. Established in 1949 by the Murugappa Group and Sir Ivan Stedeford of Tube Investments Group in UK, TI Cycles is the maker of brands including Hercules, BSA and Philips cycles. It has[when?] a manufacturing capacity of around three million bicycles per year. TI Cycles has sponsored including the 900+ km Tour of Nilgiris, through its brand BSA.
Track and Trail India is an initiative of TI Cycles India with the objective to bring brands such as Bianchi, Schwinn, Cannondale, Ducati, etc. to the Indian market.
TI Diamond Chains, simply known as TIDC India, was established as a joint venture between Tube Investments of India Limited & Diamond Chain Company Inc USA. Tube Investments of India Limited merged it with as a division called TIDC India. TIDC India is a chain manufacturer in segments such as industrial, automotive and fine blanking.
TI Metal Forming was established in 1965 as a division of Tube Investments of India Limited. It manufactures car door frame (skin parts), glass separator channels, door guide rails (stainless steel), window channels, side impact beams, casing for starter motor (deep drawn part), HCV chassis and CRF sections for railway wagons and coaches.
Montra Electric is a three-wheeler brand introduced by TI Clean Mobility Private Limited for unveiling its revolutionary electric three-wheeler vehicle “Super Auto”. TI Clean Mobility Private Limited is a wholly-owned subsidiary of Tube Investments of India Limited (Initially established as TI Cycles of India Limited, Madras), a Murugappa Group Company, effective from 12 February 2022. The company is engaged in the manufacturing and marketing of electric three-wheelers in the passenger auto and cargo segments.
₹12,070 crore (US$1.4 billion) (FY22)
