Home  »  Company  »  JK Tyre & Industries Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

JK Tyre & Industries Ltd. Company History and Annual Growth Details

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.