Company History - JK Tyre and Industries
YEAR EVENTS
1951 - The company was incorporated as a private limited company in
West Bengal in 14th February, 1951. Until 31st March 1970,
the
company was engaged in the managing agency business.
Thereafter,
the company decided to undertake manufacturing activities and
obtained a letter of intent in February 1972 for the
manufacture
of automobile tyres and tubes.
- The letter of intent was converted into an industrial licence
in
February 1974 for the manufacture of 4 lakh nos. each
automobile
tyre and tubes per annum. The company was converted into a
public limited company on 1st April 1974. The manufacturing
project was promoted by Straw Products Ltd and J.K. Synthetics
Ltd.
- The company entered into technical collaboration with General
Tire International Co., U.S.A., (a subsidiary of General Tire
&
Rubber Co., U.S.A.) for technical services for a period of 5
years and sales agreement for the supply of technical
know-how,
engineering and documentation for operational facilities (for
a
period of 8 years from 23.8.73).
- Under the collaboration agreement, the Company has the right
to
use on its products the wording Made in collaboration with
General Tire International Co., USA.
1982 - The company's technical collaboration agreement with General
Tire
International Co., was renewed for a further period of 5
years.
1987 - The overall working resulted in substantial profits despite a
51-days strike as well as go-slow from 14th October. The
strike
had since then been resolved and amicable settlement was
reached.
Efforts were on to launch a new pattern in steel belted
radial
tyres.
1988 - New steel radial tyres for Maruti Gypsy and Tata mobile were
introduced. The Company proposed to incur an expenditure of
Rs
300 lakhs for installationof latest and sophisticated R&D
equipment.
1989 - Several new patterns and sizes of tyres were introduced
including
a semi-lug Nylon Truck tyre, all of which were well received
in
the market.
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.,
are
subsidiaries of the Company.
1992 - The J.K. International division expanded its activities by
opening its office in Moscow besides starting Company's
subsidiaries in U.K. & Honkong. The radial tyres for
tractors
and business launched in the previous year were well
received.
1993 - New radial tyres `Brute' and `Ultima' were introduced. The
Company was in the process of developing steel belted radial
tyres for the prestigious cars in the Mercedes Benz, Peugeot,
Daewoo race and Opel Astra. A new pattern developed for bus
and
trucks `PE-T8' was well received in the market.
1994 - The company maintained its pace of growth, despite steep rise
in
raw material and input costs and competition. The Company
effected an all round cost reduction and attained higher
capacity utilisation at both the tyre plants at Jaykaygram
and
Banmore.
- The T-rated Ultima tyres launched for new generation cars
found
its acceptance in DCM Daewoo's `Ceilo'. Also J.K. Steel
radial
was chosen for Mercedes Benz India.
- The Company undertook to develop steel radials for GM's
`Astra'.
PAL's `Peugekot' FIAT's, `UNO' and M & M's `Ford'.
- The Company launched a premium truck tyre `Jet Trak' - 39
which
was introduced to meet the need sof the heavy load market.
The
new tractor rear tyre `SONA' was well received in the market.
1996 - During this period, a new Car tyre Jet Drive XS, the widest
nylon car tyre for Maruti 800 was launched. Along with new
semi-lug and heavy duty lug tyre for trucks, a new lug tyre
for
super heavy load applications Jet Trak 39 was also
introduced.
In the Radial category, Ultima XR Radial, a terrain tyre was
introduced. All these products were well received in the
market.
- Both the tyre plants operated to full capacity. In line with
JK
tyre, the radials unit introduced, the dual contact high
traction
and high performance Aquasonic steel radial car tyre. The
unit
also developed India's first and only H-rated ultima Xs'
specially for Mercides - Benz Cars.
2000 - The Company proposes to reduce its debt by Rs 125 crore in
the
current fiscal from the current level of Rs 635 crore by way
of
loan repayment.
- The Company and Indian Oil Corporation have entered into a
marketing alliance for installing digital air pressure guages
and
setting up sales and services outlets at IOC petrol stations
throughtout the country.
2001 - Raghupati Singhania managing director of J K Industries has
been appointed the 19th
Chairman of Automative Tyre Manufacturers Association,
the representative body of
tyre industry in India.
2002- J.K.Industries Ltd has informed BSE that CRISIL has assigned a
P1+ rating to the Commercial Paper programme of the
company.
2003
- J.K. Industries Ltd (JKI) has a new Marketing Director in Mr Ajay
Kapila. Before joining JKI, Mr Kapila was Senior Vice-President
(Sales and Marketing) at Kinetic Engineering Ltd. He was also
Director on board and operational head of Kinetic's direct selling
arm - Kinetic Marketing Services Ltd.
-Completes its comprehensive restructuring exercise of businesses
that leads to its emergence as a pure automotive tyre company. Along
with the de-merger of its non-tyre business, Sugar and Agri Seeds,
into separate companies namely JK Sugar Ltd and JK Agri-Genetics Ltd,
JKI also completes the merger of Vikrant Tyres Ltd with itself
-J.K.Industries delists from Jaipur Stock Exchange
-divested its wholly-owned subsidiay called J.K. Drugs and
Pharmaceuticals Ltd to TEVA Pharmaceuticals of Israel.
2004
-JK Industries Ltd has informed that its securities are delisted from
Delhi Stock Exchange Association Ltd (DSE) w.e.f. January 29, 2004.
2007
- JK Industries Ltd has informed that the name of the Company has
been changed from J K Industries Ltd to JK Tyre & Industries Ltd
w.e.f. April 02, 2007.
- Company name has been changed from JK 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.
2009
- JSL Ltd announced huge expansion plans under which it would set up
1.6 MT greenfield plant in Orissa due to which its stainless steel
manufacturing capacity will rise to about 2.5 MT by March 2014, thus
making it the largest producer in India.
- Jsl Limited has informed that consequent upon vacancy caused by the
sad demise of Sh. A.K. Jain, Company Secretary of the company on
January 1, 2009, Mr. Sunil Yadav has been appointed as Company
Secretary of the company w.e.f. January 13, 2009. Mr. Sunil Yadav has
also been designated as Compliance Officer of the company in pursuance
of clause 47(a) of the listing agreement.
2010
- JSL Ltd has informed BSE that the name of the Company have been
changed from JSL Limited to JSL Stainless Limited. The Registrar of
Companies, NCT of Delhi & Haryana has issued the fresh certificate of
incorporation dated August 06, 2010 consequent upon change of name.
- JSL Ltd has informed BSE that the Board of Directors of the Company
has appointed Mr. Jurgen Hermann Fechter and Mr. James Alistair
Kirkland Cochrane as Additional Directors w.e.f. March 09, 2010 by
passing the resolution through circulation.
- JSL Limited led by Ratan Jindal is going to setup a 1320 Mw power
project in the state of Orissa. The company signed a MoU with the
Orissa government for setting up a super critical thermal power plan
in the state on Thursday. The plant will be setup with a total
investment of Rs 7,375 crore.
2011
- JSL Stainless signs power purchase agreement with GRIDCO.
- JSL Stainless Ltd has informed BSE that the name of the Company
have been changed from JSL Stainless Limited to Jindal Stainless
Limited with effect from December 07, 2011. The Registrar of
Companies, NCT of Delhi & Haryana has granted its approval on
December 07, 2011.
2012
- The Company has allotted 3,64,972 equity shares of Rs. 2/- each to
The Royal Bank of Scotland NV London Branch.
2013
-Vikrant Tyre Plant has won the Golden Peacock HR Excellence Award.
-JK Tyre launches an integrated brand campaign.
2014
-JK Tyre chosen as a Superbrand for the year.
-SAP ACE award 2014 to JK Tyre.
-UX1 conferred with the prestigious Auto Bild Advisor Product of the
Year.
-JK Tyre & Industries has splits its face value from Rs 10/- to 2/-
-The Registered Office of the Company has been shifted from 7,
Council House Street, Kolkata- 700 001 To Jaykaygram, PO - Tyre
Factory, Kankroli - 313 342, Rajasthan .
2015
- JK Tyre ICOTY IMOTY Awards 2015
- JK Tyre receives Brand of the Year award by the World Branding
Forum
2016
-JK Tyre gets CCI nod for acquisition of Cavendish
-The company on Monday unveiled the 10 millionth truck radial tyre
from the companys Vikrant plant at Mysuru.
-JK Tyre Completes Acquisition of Laksar (Haridwar) Tyre unit of
Kesoram Industries Ltd.
2017
-JK Tyre ties up with Suzuki, will create new opportunities in
two-wheeler racing.
-JK Tyre strengthens presence in two-wheeler tyres with BLAZE.
2018
-JK Tyre strengthens its presence in the Off-the-Road (OTR) tyre
segment with the launch of MINE Champion.
-JK Tyre inaugurates Global Research & Technology Centre Raghupati
Singhania Centre of Excellence R&D Centre at Mysore.
--JK Tyre and Industries awarded by the Brand Vision Summit.
2019
-Jk Tyre Launches Its Most Fuel Efficient Radial Tyres - Xf Series.
Jk Tyre Launches New 23.1-26 Size V-Compact Tyre At Excon 2019.
-Jk Tyre Expands India Footprint With The Opening Of 500Th Brand
Shop.
-Jk Tyre Further Strengthens The Presence In Andhra Pradesh;
Inaugurates Jk Truck Wheel Centre In Vijayawada.
-Jk Tyre Strengthens Presence In Gujarat:Opens 5Th Xpresswheel With
Modern Farm Tyres Facilities In Deesa.
2020
-Jk Tyre Gets Recognition From Confederation Of Indian Industry For
Its Sustainable Manufacturing Practices.
-Jk Tyre & Industries Announces Oem Association With Kia Motors India
As Tyre Partner For Seltos.
-Jk Tyre Launches Smart Range Of Tyres On Amazon.In
-Jk Tyre Achieves Yet Another Milestone Rolls Out 20 Millionth
Truck/Bus Radial Tyre.
-Jk Tyre Develops And Produces Total Control Hand Sanitizer In ItS
Endeavour To Help Fight The Pandemic
2021
-Jk Tyre & Industries Launches Its New Tvc Campaign Smart Tyre -
Tyre With A Brain Showcases The Future Of Mobility With Smart
Innovation In Tyres.
-Jk Tyre Further Strengthens Its Oem Partnership With Hyundai Motor
India ~Becomes The Tyre Partner For The All-New Hyundai Alcazar.
-Jk Group Announces A Comprehensive Jk Cares Program.
-Jk Tyre Enters Into A Partnership With Jbm Auto Ltd.
-Jk Tyre Ties Up With Car Dekho And Auto Brix For Jk Tyre Man.
2022
-JK Tyre Sets Another Industry Benchmark, Introduces Puncture Guard
Tyre ~Brings advanced tyre technology to India ensuring more safety
and comfort to customers.
-JK Tyre expands its OTR range-launches 4 new OTR tyres at Excon
2021.
-JK Tyre secures Best in Class rating in ESG performance.
2023
-JK Tyre strengthens its position in Off-the-Road (OTR) Tyre segment
Launched 3 new tyres at the Bauma Conexpo 2023.
-JK Tyre launched Xtra-Fuel Efficient Tyres improving Green
Economy.
-JK Tyre launched a premium tyre brand, Levitas Ultra and it has
expanded its presence in the fast-expanding luxury Car segment.
-JK Tyre celebrated automotive excellence with the 19th Indian Car of
the Year [ICOTY] & 17th Indian Motorcycle of the Year [IMOTY] awards.
