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 independent ESG rating increased to 69.8 from 69.3, indicating improved environmental, social, and governance performance based on FY24-25 data.
JK Tyre's board approved a Rs. 1,130 Cr expansion for TBR, ASLTR, and PCR tyres, adding 6.5% capacity. This move, funded by internal accruals and debt, capitalizes on robust demand to expand market presence.
JK Tyre completed the merger of its subsidiary, Cavendish Industries. Acquired in 2016, Cavendish's capacity utilization soared from 30% to 95% under JK Tyre. This integration targets enhanced operational synergies, economies of scale, and a stronger diversified product portfolio for future growth.
JK Tyre's amalgamation with Cavendish Industries is now effective, dissolving Cavendish. This merger increases JK Tyre's Authorized Share Capital to ₹5180 Cr, simplifying its structure and boosting financial capacity.
JK Tyre's ESG rating by CRISIL has been upgraded from 56 ('Adequate') to 61 ('Strong'). This positive shift enhances the company's profile for sustainable investing and could attract ESG-focused capital.