JK Tyre

JK Tyre

Total Control (Worldwide)
Type	Public (BSE: 530007)
Industry	Tyres, Tubes, Mudflaps
Founded	1974
Founder	Lala Juggilal Singhania Lala Kamlapat Singhania Hari Shankar Singhania
Headquarters	New Delhi, India
Key people	Raghupati Singhania, Chairman Rajiv Prasad, president
Revenue	₹85,430,000,000 (US$1.2 billion) (FY 2017-18)[1]
Net income	₹2,745,500,000 (US$38 million) (FY 2016–17)[1]
Number of employees	8900(including subsidiaries and associates) (annual report 2018)
Parent	J.K. Organisation
Website	www.jktyre.com

JK Tyre & Industries Ltd is an automotive tyre, tubes and flaps manufacturing company based in Delhi, India. The name JK is derived from the initials of Kamlapatji (1884–1937) and his father Seth Juggilal (1857–1922).^[2] The company is the market leader in Truck/Bus Radial tire in India and is the only tyre manufacturer offering the entire range of tyres for Trucks, Buses, Farm, Two-wheelers and Cars.^[3] JK Tyre has a worldwide customer base in over 80 countries across all 6 continents. It is a part of J. K. Organisation group of Companies. JK Tyre acquired Mexican tyre major – Tornel in 2008.^[4] With production facilities in all 9 plants, total production capacity is almost 20 million tyres p.a.

Locations

The Company is headquartered in New Delhi, Bahadur Shah Zafar Marg. Registered office is in Kankroli, Rajasthan. Manufacturing plants are located at Nine centers in India, located at -

• Vikrant Plant 1,2&3, in Mysuru Karnataka (3)
• Banmore, Madhya Pradesh
• Kankroli, Rajasthan
• Chennai, Tamil Nadu
• Laksar (3), Uttarakhand

JK Tyre has also enhanced its global reach by taking over Tornel, a Mexican company, which has 3 plants in Mexico.^[5][6] Jk tyre has acquired LAKSAR plant of BIRLA TYRES located in Haridwar, in the name of Cavendish Industries. With the new agreement company has now total of 10 manufacturing plants in India

Research & Development

It has an R&D division, Hari Shankar Singhania Elastomer And Tyre Research Institute (HASETRI) with headquarters at Mysuru under the directorship of renowned scientist, Dr. Mukhopadhyay. It has one more branch in Chennai. It is known for its state-of-the-art Finite Element Method, NVH and tyre-testing capabilities. This R&D facility is one of its kind in Asia. HASETRI is India's first and foremost independent Research and Testing Center, which fulfills the Nation's need for developing newer and better technologies for Elastomer and Tyres. It is recognized under SIRO (Scientific and Industrial Research Organization) by the Department of Scientific and Industrial Research (DSIR), Govt. of India. It is also acknowledged by the Indian Institute of Technology (IITs) and other universities for registration leading to higher studies. Product Development Center which carries out activities involving design and development of new products and technology is also present at Mysuru, Karnataka.The Product Development Center and HASETRI work together creating unique product platforms for OE as well as replacement sizes for Indian and International markets. The Chennai operation is a joint initiative of IIT Chennai and JK tyres.

History

^[7]

• 1974 – JK Tyre founded in West Bengal with an industrial license in February 1974 for the manufacture of 400,000 nos. each Automobile tyre and Tubes per annum. The company was converted into a public limited company on 1 April 1974. The manufacturing project was promoted by Straw Products Ltd and J.K. Synthetics Ltd.
• 1982 – The company's technical collaboration agreement with General Tire
• 1987 – The overall working resulted in substantial profits despite a 51-days strike as well as go-slow from 14 October.
• 1988 – New steel radial tire for Maruti Gypsy and Tata Motors were introduced.
• 1989 – Semi-lug Nylon Truck tyre, a New patterns and sizes of tyres were introduced.
• 1991 – Handeep Investment, Ltd., Hidrive Finance Ltd., Panchanan Investment Ltd., and Radial Finance Ltd., J. K. International Ltd., Shivdham Properties Ltd., and J.K. Asia Pacific, Ltd., became subsidiaries of the Company. Radial Tyre for Tractors were launched.
• 1992 – opening of office in Moscow besides starting Company's subsidiaries in U.K. & Hong Kong.
• 1993 – New radial tyres 'Brute' and 'Ultima' were introduced. The Company in the process of developing steel belted radial tyres for Mercedes Benz, Peugeot, Daewoo race and Opel Astra. A new pattern developed for bus and trucks 'PE-T8'.
• 1994 – The T-rated Ultima tyres launched for new generation cars found in DCM Daewoo's 'Ceilo'. J.K. Steel radial chosen for Mercedes Benz India. Development of steel radials for GM's 'Astra'. PAL's 'Peugekot' FIAT's, 'UNO' and M & M's 'Ford'. Truck tyre 'Jet Trak' - 39 introduced to meet the needs of the heavy load market. The new tractor rear tyre 'SONA' introduced.
• 1996 – Jet Drive XS, the widest nylon car tyre for Maruti 800 launched. Radial category, Ultima XR Radial, a terrain tyre introduced. Introduction of India's first and only H-rated ultima Xs' specially for Mercedes - Benz Cars.
• 2000 – JK Tyre and Indian Oil Corporation entered into a marketing alliance for installing digital air pressure gauge and setting up sales and services outlets at IOC petrol stations in India.
• 2001 – Raghupati Singhania managing director of J K Industries has appointed the 19th Chairman of Automotive Tyre Manufacturers Association.
• 2002 – CRISIL assigned a P1+ rating to the Commercial Paper programme of the company.
• 2003 – Mr Ajay Kapila appointed as the marketing director. Divested its wholly owned subsidiary called J.K. Drugs and Pharmaceuticals Ltd to TEVA Pharmaceuticals of Israel.
• 2004 – securities delisted from Delhi Stock Exchange Association Ltd (DSE).
• 2007 – Name of the Company changed from J K Industries Ltd to JK Tyre & Industries Ltd.
• 2008 – The company has issued rights in the ratio of 1:3 at a premium of Rs. 75 Per Share.
• 2008 - Acquired Tornel plant in Mexico
• 2010 - New OTR Plant in Mysore
• 2012 – First in Asia to get ISO 50001 Energy Management Certification for Kankroli Tyre Plant
• 2012 – Set up a new plant in Chennai
• 2016 – First Indian tyre maker to produce 10 million truck/bus radial tyres in India
• 2016 - Acquired Cavendish Industries Ltd from the Birla Group
• 2017 - Entered into Two Wheeler Category
• 2018 - Launched Tyres for Scooter & Royal Enfield in Two-Wheeler Category
• 2018 - Inaugurated 350 JK Brand Shops-Steel Wheels across India
• 2018 - Launched Shrestha Tyre in Farm Category

JK Tyre National Racing Championship

The JK Tyre National Racing Championship also known as JK-NRC is a track racing championship series consisting of several single make series events of open wheel single seater formula cars and saloon cars in India. This championship series is also considered to be the stepping stone for Indian Racing drivers who want to break into international motorsports. Several drivers including Narain Karthikeyan, Karun Chandhok and Armaan Ebrahim have gone on to take part in international events including Formula One and A1 Grand Prix and other premier racing series around the world.^[8][9]

Achievements and Awards

• 2018: Icon of Indegenous Excellence By Economic Times
• 2018: JK Tyre & Industries Limited, Kankroli Tyre Plant has been awarded with Golden Peacock Award for Energy Efficiency
• 2018: JK Tyre & Industries Ltd. awarded at the 11th edition of SAP ACE Award 2018
• 2018: Awarded as Best Market Campaign for Rural Brand Development by Jagruti se Pragati 2018.
• 2018: “Extraordinary Brand” at Brand Vision Summit 2017-18.
• 2017: JK Tyre & Industries Limited, Chennai Tyre Plant has been awarded with Golden Peacock Award for Energy Efficiency
• 2015: JK Tyre received 'Brand of the Year' Award in 2015.
• Driving motorsport in India for over three decades including rallying, karting, racing and the much acclaimed international JK Racing Asia Series^[10]

Related

• JK Organisation
• JK Tyre National Racing Championship

References

External links

Wikimedia Commons has media related to JK Tyre.