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History of the organization & Objective

Introduction of JK TYRE

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HISTORY & ORGANISATION

INTRODUCTION OF JK TYRE

JK Tyre is a leading exporter of tyres from India and roughly accounts for about 26% of

the total tyre exports from India (along with its associate Vikrant Tyres Limited) maruti

zen steel radials, bias tires for passenger vehicles, ultima XP steel radials

It is the first and only tyre manufacture in the world to receive the QS 9000 for

multilocation operations : World's first tyre manufacture to receive the ISO 9000 for all

its operations in one go. Also J.K Tyres is the first tyre company in India to receive ISO

14001 in recognisition of its environmental management systems.

Today, JK Tyre's products compete with the best international players in the premium

international bias market in more than 55 countries in 6 continents . The exports operate

through a strong and dedicated distribution network, and our distributors are fully

supported by the company's technical team in terms of continued product development to

meet specific market needs. JK Tyre had obtained international accreditation for its

products in the US , Europe , South America and the Middle East.

J.K Tyre has been the recepient of various awards for exports for the last many years for

its commitment to offer superior performance standards & path -breaking innovations.

Recently , it was honored with ' The Special Export Award 2000-2001' from Capexil,

making it its fourth consecutive award from India's premier industrial association . JK

Tyre has also been recently recognised by Indian Trade Promotion Organisation (ITPO)

for being the largest tyre exporter to Latin America markets and is the proud recepient of

first-ever FOCUS LAC Award for the year 1999-2000. J.K Tyres constant endeavor to

deliver superior value to its customers and a sound marketing strategy forms the

foundation of this spectacularly consistent performance on the international front.

While JK Tyre has maintained its consistency in its marketing and distribution strategies

for the export markets, it has also actively pursued development of new superior products

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to adapt to specific requirements of the different markets . The credit goes to the India's

biggest in-house R&D centre, HASETRI (Hari Shankar Singhania Elastomer and Tyre

Research Institute) . This Centre for Rubber and Allied Technology was eatablished at

Jaykaygram, ISO/IEC Guide 25 & EN 45001. Equipped with advanced testing facilities,

it pursues excellence by evolving technologies for superior product performance to

reduce waste and pre-empt consumer needs.

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HISTORY OF J.K. TYRE

Excellence comes not from mere words or procedures. It comes from an urge to strive and

deliver the best. A mindset that says, When it is good enough, improve it. It is a way of thinking

that comes only from a power within." - H.S.Singhania

JK Tyre & Industries Ltd. is the flagship company under the umbrella of JK Organisation

The advent of JK Organization on the industrial landscape of India almost synchronizes with

the beginning of an era of industrial awareness - an endeavor for self reliance and the setting up

of a dynamic Indian industry. This was way back in the middle of the 19th century. And the rest

that followed is history JK Organization has been a forerunner in the economic and social

advancement of India. It always aimed at creating job opportunities for a multitude of

countrymen and to provide high quality products. It has striven to make India self reliant by

pioneering the production of a number of industrial and consumer products, by adopting the

latest technology as well as developing its own know-how. It has also undertaken industrial

ventures in several other countries.

JK Organisation is an association of industrial and commercial companies and charitable trusts.

Its member companies, employing nearly 50,000 persons are engaged in the manufacture of a

variety of products and in diverse fields of commerce.

Trusts are devoted to promoting industrial, technical and medical research, education, religious

values and providing better living and recreational facilities. With the spirit of social

consciousness uppermost in mind, J.K. Organisation is committed to the cause of human

advancement

1940 First in India to manufacture steel Bailing Hoops for jute and cotton and to make the

country self sufficient by meeting the entire demand-J.K. Iron & Steel Co. Ltd., Kanpur

1941 First in India to produce Aluminium virgin Metal from Indian Bauxite

Aluminium Corporation of India Ltd., Jaykaynagar

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1942 First in India to manufacture Engineering files- J.K. Engineers'Files, Bombay in India

to set up a continuous process Rayon Plant

1949 First to manufacture a Hydraulically Operated Cane Crushing Mill for Khandsari

Sugar Plant and completed 100 ton plant-J.K. Iron & Steel Co. Ltd., Kanpur

1950 First in world to set up a plant for production of Hydrosulphite of soda by Sodium

Amalgam Process- J.K. Chemicals Ltd., Bombay

1959 First in India to produce Nylon-6 with its own polymerised raw material- J.K

Synthetics Ltd., Kota

1960 First to produce Sodium Sulphoxylate Formaldehyde (Rangolite C of Formosul) in

India - J.K. Chemicals Ltd., Bombay

1968 First to manufacture TV Sets in India- J.K. Electronics, Kanpur. First to manufacture

Metallic Cops for Synthetic Filament yarn industries in India- Syntex tube works, Kanpur

1970 First to manufacture Acrylic Fibres- J.K. Synthetics Ltd. Kota

1971 First to develop differentially Dyeable Nylon- J.K. Synthetics Ltd., Kota

1974 First in India to license Synthetic Fibre Technology to third party as well as the first to

manufacture Synthetic Fibre Machinery Fibretech Engineers & Manufacturers, Dadri

1978 First in India to produce steel belted Radial Tyres for passenger cars, trucks and

buses- J.K. Tyre Plant, Kankroli

1980 First in world to make Steel Belted Radial Tyres for three wheelers- J.K. Tyre Plant,

Kankroli

1981 First in India to produce white cement through dry process- J.K. White cement Gotan

1985 First in India to produce Cathonic Dyeable Polyester Fibre- J.K. Synthetics Ltd.,Kota.

First in India to produce Nylon Tyre Cord based on Spin Draw Technology- J.K. Synthetics

Ltd., Kota

1987 First in India to produce magnetic tapes with cobalt technology J.K. magnetics,

Surajpur

1989 more Tyre Plant (BTP) set-up with a capacity of 5.7 lacs tyres p.a.R & D cente set-up

at HASTERI

1994 India's first T-Rated tyre launched banmore Tyre Plant (BTP) crossed 100 TPD

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1995 Mercedes Benz Launched on JK steel radials first tyre manufacturer in the world to

get ISO 9001

1996 India's first dual contact high traction steel radial- aquasonic launched.

Introduced steel wheels

1998 First tyre manufacturer in the world to get QS 9000 awarded CAPEXIL's highest

export award for 1997-98

1999 Synergy with VTL in procurement, marketing and production flexibility

2000 Completion of state of the art modernisation of truck radials.JK Tyres ranked 16th

largest Tyre Company in the world.ISA - 14000 accredition for environment & safety

2001 JK introduced National Go-Karting Championships

2002 JK. Industries recieved FOCUS LAC export award for the year 1999-2000

Today JK Organization, an association of Industrial and commercial companies and charitable

trusts, continues to grow to greater heights under the stewardship of its President, Hari Shankar

Singhania

The Principal business of the JK Organization includes Tyre, Paper, Cement, Drugs &

Pharmaceuticals, Agri Genetics, Dairy and Food Products, Audio Magnetic Tapes, Sugar,

Cosmetics, Woolen Textiles, Steel, Engineering Files, International Trading, Hybrid Seeds,

Industrial Rubber Products, Material Handling System etc The group besides having a

consistent record of growth and diversification has created a reputation for quality for all its

products and most of its products enjoy a leadership status in their respective market segments

To cope up with the demand in the market most of the companies in JK Organization are

certified for International Quality Systems like ISO 9001, ISO 14001 and QS 9001 Identifying

with social issues and contributing to the society has been a philosophy, which has been carried

on from the founding fathers. Various institutions set up by th group throughout India in diverse

fields of social welfare stand testimony to this philosophy

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COMPANY PROFILE

JK Tyre & Industries Ltd is one of the leading automotive tyre manufacturers in India.

The company is engaged in manufacturing of automobile tyres, tubes and flaps. They

manufactures Radial and Bias 4-wheeler tyres for trucks, buses passenger cars, LCVs,

tractors etc. They sell their products under the brand name 'JK Tyre'. They have four

plants located in Rajasthan, Madhya Pradesh and Karnataka. The company has 134 sales,

service and stock points located throughout the country. They have over 3,500

dealerships across India. The company's customer base covers virtually the entire

Original Equipment Manufacturers in India together with Replacement Market for four

wheeler vehicles, Defence and State Transport Units. Besides India, they have a

worldwide customer base in over 45 countries across all six continents. JK Tyre &

Industries Ltd was incorporated in the year 1951 as a private limited under the name JK

Industries Pvt Ltd. Until March 31, 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 company name was changed into JK Industries LTD with effect from May

24, 1974 consequent upon conversion of the company into a public limited company. In

the year 1974, the company entered into a technical collaboration with General Tire

International Co, USA, a subsidiary of General Tire & Rubber Co, USA for technical

services and sales agreement for the supply of technical know how engineering and

documentation for operational facilities. In the year 1989, the company introduced

several new patterns and sizes of tyres including a semi-lug Nylon Truck tyre. In the year

1991, the company set up Banmore Tyre Plant with a capacity of 5.7 lakh tyres per

annum. They launched radial tyres for tractors. In the year 1992, the company's

international division expanded their activities by opening their office in Moscow. In

addition, they set up a Research and Development center at HASETRI. In the year 1993,

they introduced new radial tyres namely, Brute and Ultima and in the next year, they

launched 'Jet Track-39' to meet the need of the heavy load market. In June 1997, the

company acquired 51% stake in Vikrant Tyres Ltd from Karnataka Government. They

launched India's first H-Rated tyre. During the year 1998-99, as per the Scheme of

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Arrangement between the company and JK Drugs & Pharmaceuticals Ltd, the

pharmaceutical undertaking of the company was transferred to and vested in JK Drugs &

Pharmaceuticals Ltd with effect from appointed date July 1, 1996. During the year 2002-

03, as per the Scheme of Arrangement and Amalgamation between the company, JK

Agri, JK Sugar and Vikrant Tyres Ltd, the agri-genetics undertaking of the company was

transferred to JK Agri, the sugar undertaking was transferred to JK Sugar and Vikrant

Tyre Ltd was amalgamated with the company. During the year 2004-05, the expansion of

capacity of Truck/ Bus Radials by 50% was completed. In addition, the expansion of the

passenger radial capacity was completed. In December 2006, as per the Scheme of

Arrangement and De-merger between the company and Netflier Technologies Ltd (name

since changed to Netflier Finco Ltd), the business of holding and dealing in investments

and some other assets and properties of the company and liabilities and obligations

thereof stood transferred to and vested in Netflier Finco Ltd. In addition, Hansdeep

Investment Ltd, Hidrive Finance Ltd, Panchanan Investment Ltd and Radial Finance Ltd

ceased to be the subsidiaries of the company. During the year 2006-07, the company

introduced a new tyre, offering high mileage 'Jet One' and launched new Semi-Lug and

Rib pattern Truck Radial tyres. They also diversified into Special Application Tyres and

commenced their exports. In order to capture the brand 'JK Tyre' and their value in the

name of the company, they changed their name to JK Tyre & Industries Ltd with effect

from April 2, 2007. The company entered into an arrangement with BEML for supply of

OTR tyres on a long-term basis. In June 2008, the company acquired the controlling

interest in Empresas Tornel, S A de C V (Tornel), a company incorporated under the laws

of Mexico, by acquiring 100% of their equity capital for a consideration of USD 28.75

million. Tornel has three tyre manufacturing plants in Mexico with a combined capacity

of 6.6 million tyres per annum During the year 2008-09, the company doubled the

capacity of Truck/Bus Radial plant to 8.00 lakh tyres from 3.67 lakh tyres per annum at

an estimated project cost of Rs 315 crore. This has further strengthened JK Tyre's

commanding position in the fast growing Truck/Bus segment. The company has

undertaken a project for substantial expansion of their OTR tyre capacity at a capital

outlay of Rs 120 crore, which is expected to be completed by 2010.

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Organisation Structure of - JK Tyre & Ind

Name Designation

Hari Shankar Singhania Chairman / Chair Person

Bharat Hari Singhania Managing Director

Swaroop Chand Sethi Whole Time Director

Arvind Singh Mewar Director

Govind Ballabh Pandey Director

T K Mukhopadhyay Director

Name Designation

Raghupati Singhania Vice Chairman & Mng.Director

Vikrampati Singhania Deputy Managing Director

Arun K Bajoria President & Director

Bakul Jain Director

Om Prakash Khaitan Director