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.

Source : Dion Global Solutions Limited

YEAR EVENTS 1951 - The Comp. was incorporated as a private limited Comp. in West Bengal in 14th February, 1951
engaged in the managing agency business. Thereafter, the Comp. decided to undertake manufacturing activities and o
for manufacture of automobile tyres & tubes.

- The letter of intent was converted into an industrial licence in February 1974 for manufacture of 4 lakh nos. each auto
Comp. was converted into a public limited Comp. on 1st April 1974. The manufacturing project was promoted by Straw

- The Comp. entered into technical collaboration with General Tire International Co., U.S.A., [a subsidiary of General T
services for a period of 5 years & sales agreement for supply of technical know-how, engineering & documentation for
years from 23.8.73s].

- Under the collaboration agreement, the Comp. has the right to use on its products the wording 'Made in collaboration

1982 - The company technical collaboration agreement with General Tire International Co., was renewed for a further p

1987 - The overall working resulted in substantial profits despite a 51-days strike as well as go-slow from 14th October
& 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 & Tata mobile were introduced. The Comp. proposed to incur an expend
latest & sophisticated R&D equipment.

1989 - Several new patterns & sizes of tyres were introduced including a semi-lug Nylon Truck tyre, all of which were w
Handeep Investment, Ltd., Hidrive Finance Ltd., Panchanan Investment Ltd., & Radial Finance Ltd., J. K. International
Pacific, Ltd., are subsidiaries of Company.

1992 - The J.K. International division expanded its activities by opening its office in Moscow besides starting Company
radial tyres for tractors & business launched in the previous year were well received.

1993 - New radial tyres `Brute' & `Ultima' were introduced. The Comp. was in the process of developing steel belted ra
Mercedes Benz, Peugeot, Daewoo race & Opel Astra. A new pattern developed for bus and trucks `PE-T8' was well re

1994 - The Comp. maintained its pace of growth, despite steep rise in raw material & input costs & competition. The Co
reduction & 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 `Ceilo'. Also J.K. St
India.

- The Comp. undertook to develop steel radials for GM `Astra'. PAL `Peugekot' FIAT's, `UNO' & M and M `Ford'.

- The Comp. launched a premium truck tyre `Jet Trak' - 39 which was introduced to meet the need sof the heavy load m
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 w
trucks, a new lug tyre for super heavy load applications 'Jet Trak 39' was also introduced. In the Radial category, 'Ultim
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 trac
radial car tyre. The unit also developed India first & only H-rated ultima Xs' specially for Mercides - Benz Cars.

2000 - The Comp. proposes to reduce its debt by Rs 125 crore in the current fiscal from the current level of Rs 635 cro

- The Comp. & Indian Oil Corporation have entered into a marketing alliance for installing digital air pressure guages an
IOC petrol stations throughtout the country.

2001 - Raghupati Singhania managing director of J K Industries has been appointed the 19th Chairman of Automative
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 programm

2003

- J.K. Industries Ltd [JKIs] has a new Marketing Director in Mr Ajay Kapila. Before joining JKI, Mr Kapila was Senior Vic
Kinetic Engineering limited He was also Director on board & operational head of Kinetic direct selling arm - Kinetic Mar

-Completes its comprehensive restructuring exercise of businesses that leads to its emergence as a pure automotive ty
its non-tyre business, Sugar & Agri Seeds, into separate companies namely JK Sugar Ltd & JK Agri-Genetics Ltd, JKI
Ltd with itself

-J.K.Industries delists from Jaipur Stock Exchange

-divested its wholly-owned subsidiay called J.K. Drugs & Pharmaceuticals Ltd to TEVA Pharmaceuticals of Israel.

2004

-JK Industries Ltd has informed that its securities are delisted from Delhi Stock Exchange Association Ltd [DSEs] w.e.f

2007

- JK Industries Ltd has informed that the name of Comp. has been changed from 'J K Industries Ltd' to 'JK Tyre and Ind

- Comp. name has been changed from JK Industries Ltd to JK Tyre and Industries Ltd.

2008

-The Comp. has issued rights in the ratio of 1:3 at a premium of Rs.75 Per Share.
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