Viaz Tyres Ltd

Viaz Tyres Ltd

Viaz Tyres Ltd was formerly incorporated as Viaz Tubes Private Limited dated August 29 2018 issued by the Registrar of Companies. Pursuant to a Special Resolution name of the Company changed to Viaz Tyres Private Limited dated May 23 2022. Subsequently Company converted to public limited and consequently its name was changed to Viaz Tyres Limited dated June 14 2022 by the Registrar of Companies Ahmedabad. The Company is engaged in manufacturing of rubber tubes for bicycles two and three wheelers passenger vehicles and heavy load industrial vehicles. It deal in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes Engine Oil and Grease on white labeling bases. It has infrastructure with latest installed capacity of manufacturing 700000 Tube per Month located at Nandasan near Ahmedabad.Further the Company started selling bicycle tyre which got manufactured on job work basis depending upon the market demands. It sold rubber tubes bicycle tyres and ancillary products under the brand name 'Viaz' in domestic as well as overseas markets. Thereafter it had ventured into trading of Tyres through exclusive distributorship of Maxxis Rubbers Private Limited tyres for Turkey. The Company was originally formed by Mr. Keval Manuprasad Bhatt and Mr. Vaibhav Girish Kanakia in year 2018. Subsequently existing promoters of company Mr. Parichaykumar Maganbhai Patel Mrs. Himaben Janakkumar Patel Mrs. Nirmaben Rajeshkumar Patel and Mrs. Kenaben Parichaykumar Patel acquired the business by acquiring Equity Share of the company in year 2019 and later Mr. Janakkumar Mahendrabhai Patel and Mr. Rajeshkumar Prabhudasbhai Patel acquired control by acquiring Equity Shares in year 2021.As of September 2022 the Company had total 15 domestic distributors for rubber tubes of which their distribution network is spread across 19 states in India.The Company is planning to raise capital from Public by issuing 3226000 Equity Shares through fresh issue.