JK Tyre & Industries Limited
JK Tyre & Industries is the flagship company of the JK group which is headed by Dr R P Singhania as its chairman and managing director. It is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and…
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JK Tyre's past fiscal year saw robust performance: Revenue `16,384 Cr` (+11%), EBITDA `2,089 Cr` (+25%), PAT `74 Cr` (+50%). The company commissioned `1,400 Cr` for capacity, with `1,130 Cr` ongoing and `4,980 Cr` approved for further expansion, reinforcing its position in PCR, TBR & EV segments.
JK Tyre completed its merger with Cavendish Industries in FY25-26. The company is contesting a pending ₹309.95 Cr CCI penalty for alleged anti-competitive conduct, with no provision made. It also achieved 'Zero Waste to Landfill' certification and 100% sustainable sourcing for its operations.
JKTIL completed the distribution of proceeds from fractional entitlements arising from the Cavendish Industries amalgamation. The company disbursed a net of Rs 1,013 to eligible shareholders, fulfilling its merger obligations.
JK Tyre, now among the top 20 global tyre companies, has significantly scaled production from 0.5 million to 3.6 crore tyres annually. The company achieved an 11% CAGR in revenue and Profit After Tax over the past five years. Strategic focus on innovation, premiumization, and digitalization has yielded positive results....
JK Tyre & Industries proposes a merger with its subsidiary, Cavendish Industries. This strategic move aims to achieve economies of scale, operational efficiencies, and enhanced market presence by integrating their similar tyre manufacturing businesses. Cavendish shareholders will receive 92 JK Tyre shares for every 100 Cavendish shares. The board finds...