Balkrishna Industries Limited

PPFAS Mutual Fund, which previously held a 1.24 percent stake in Balkrishna Industries Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete exit or a reduction in its holding below the 1 percent reporting requirement.

A specialist manufacturer of off-highway tyres for agricultural, construction, industrial, mining, and port applications. Balkrishna Industries has operated since 1987, focusing exclusively on niche segments including earthmoving, ATV, and gardening tyres. The company designs and produces tyres engineered for demanding terrain and heavy-duty operations. It serves customers across India and international markets through its dedicated expertise in non-road tyre manufacturing and technical innovation.

Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.