MAM
APL Apollo Unveils Low Diameter High Thickness Steel Tubes, “Apollo Mechanical”
New Delhi: APL Apollo Tubes Limited (APL Apollo), one of the leading branded steel tubes manufacturers, has launched ‘Apollo Mechanical’, a wide range of Low Diameter High Thickness steel tubes for use in heavy duty applications. Tough, long lasting and robust, Apollo Mechanical tubes are unique size tubes that offer high strength, uniformity and cost effectiveness at the same time.
Apollo Mechanical tubes boast immense mechanical capabilities owing to their sturdy built. An unrivalled innovation Apollo Mechanical tubes are ideal for applications that require higher load bearing capacity, hardness and toughness like agricultural machineries, lifting & handling equipments, industrial instruments, among others.
Announcing the launch of ‘Apollo Mechanical tubes’, Mr. Sanjay Gupta, CMD, APL Apollo said, “Apollo Mechanical tubes are our most talked about technological innovation that provides enhanced load bearing capacity, hardness, toughness and the ability to withstand maximum stress making them ideal for use in industrial instruments, machineries and lifting & handling equipments. Over the years, authentic and robust R&D capabilities have been the key driving force behind our ever-growing ability to create new products and adopt new applications.”
Apollo Mechanical tubes are used in Cultivator, Rotavator, Harvester, Tower Crane Mast Section, Mobile Gantry Crane, Spreader Beam, Monorail Crane, Hydraulic Cylinder, Axle, Trailer Hitch, Trailer Frame, Heavy Duty Chain Conveyor, and various such mechanical applications. Moreover, their pleasing surface finish, rigid dimensional tolerance, uniform strength and durability coupled with greater ease of fabrication altogether offer flexibility to the designers and engineers.
Produced from heavy-duty tube mills, Apollo Mechanical tubes are manufactured using high frequency induction welding and they pass through stringent quality checks at each stage to provide the valued customers the much-needed assurance about durability, performance and efficiency.
Offered at a competitive price, “Apollo Mechanical” tubes are available in a wide range of sizes.
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YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
