JK Tyre & Industries Ltd., one of Indiaās leading tyre manufacturers announced the successful completion of the merger of Cavendish Industries Ltd. (Cavendish), its subsidiary with JK Tyre & Industries Ltd.
Cavendish was acquired by JK Tyre in 2016 from Kesoram Industries Ltd. Cavendish primarily had manufacturing capacity of truck/ bus radial, truck/bus bias and 2/3-wheeler tyres. At the time of acquisition Cavendish was operating at barely 30% of its Capacity.
Post acquisition, JK Tyre provided comprehensive managerial, financial and technical support leading to a swift and effective turnaround. Through systematic streamlining of manufacturing processes, this resulted in Capacity utilization of 95%. Furthermore, the capacity at Cavendish, Laksar was also expanded as a result of which it contributed sizably to the overall tyre operations of the company.
The merger is expected to unlock substantial value through enhanced operational synergies, economies of scale, a stronger and bigger diversified product portfolio, and enhanced reach across a combined distribution network.
This merger reinforces JK Tyreās long-term strategy of sustainable growth through a balanced mix of organic and inorganic initiatives. The successful integration of Cavendish marks the companyās third major turnaround following the transformations of Vikrant tyres(1997-98) and JK Tornel Mexico (2008), besides two other Greenfield plants.
About JK Tyre & Industries Limited
The flagship company of JK Organisation, JK Tyre & Industries Ltd is amongst the top 20 manufacturers in the world. Pioneers of radial technology in India, the company produced its 1st radial tyre in 1977 and is the market leader in Truck Bus Radial segment. The Company provides end-to-end solutions across passenger, commercial, farm, off-the-road and 2/3 wheeler segments.
The Company has 11 globally benchmarked āsustainableā manufacturing facilities – 9 in India and 2 in Mexico ā that can collectively produce 35 million+ tyres annually. The Company has a strong network of 6000+ dealers and 900+ dedicated brand shops called as Steel Wheels, Truck Wheels and Xpress Wheels. JK Tyre also exports to 100+ countries with over 230 global distributors.
JK Tyreās unwavering commitment towards innovation is reflected through its state-of-the-art global research and technology centre, the āRaghupati Singhania Centre of Excellenceā in Mysore, which houses state-of-the-art testing and validation equipment.
JK Tyre launched Indiaās first ever āSmart Tyreā technology-and introduced Tyre Pressure Monitoring Systems (TPMS) which monitors the tyreās vital statistics, including pressure and temperature. In 2024, the company rolled out its 30 millionth TBR tyre becoming the first and the only Indian company to achieve this milestone.
JK Tyre has been ranked as āGreat Place to Workā in 2025 for the 5th year in a row. Another remarkable addition to the list of the brand’s accolades is being a 6-time recipient of the Economic Times – Iconic Brand of the Year Award. JK Tyre has been conferred with most coveted Safety award in the world -the Sword of Honour for Safety across its plants by the British Safety Council, UK. The company entered the Limca Book of Records with the countryās largest off-the-road (OTR) tyre – VEM 045.
JK Tyre has once again secured the top notch CareEdge ESG1+ rating for its ESG performance in FY25 from CareEdge, setting another benchmark in the domain of sustainability with a score of 81.2. JK Tyre also received award to be among the Indiaās top 30 Most Sustainable companies, organized by Business world.
JK Tyre is the first Indian Tyre Company to join global RE100 Club, targeting for 100% renewable electricity by 2050. JK Tyre is also synonymous with motorsport in the country.
For about four decades, the Company has relentlessly worked towards shaping Indiaās positioning as the motorsport hub of Asia, developing the right infrastructure for the sport and promoting young talent in the arena.
