JK Tyre completes merger of Cavendish Industries, its subsidiary
Date: 23 Dec 2025
JK
Tyre & Industries Ltd., one of India’s leading tyre manufacturers announced
the successful completion of the merger of Cavendish Industries Ltd.
(Cavendish), its subsidiary with JK Tyre & Industries Ltd.
Cavendish was acquired by JK Tyre in 2016 from
Kesoram Industries Ltd. Cavendish primarily had manufacturing capacity of
truck/ bus radial, truck/bus bias and 2/3-wheeler tyres. At the time of
acquisition Cavendish was operating at barely 30% of its capacity.
Post acquisition, JK Tyre provided
comprehensive managerial, financial and technical support leading to a swift
and effective turnaround. Through
systematic streamlining of manufacturing processes, this resulted in capacity
utilization of 95%. Furthermore, the capacity at Cavendish, Laksar was also
expanded as a result of which it contributed sizably to the overall tyre
operations of the company.
The merger is expected to unlock substantial
value through enhanced operational synergies, economies of scale, a stronger
and bigger diversified product portfolio, and enhanced reach across a combined
distribution network.
This merger reinforces JK Tyre’s long-term
strategy of sustainable growth through a balanced mix of organic and inorganic
initiatives. The successful integration of Cavendish marks the company’s third
major turnaround following the transformations of Vikrant tyres (1997-98) and
JK Tornel Mexico (2008), besides two other greenfield plants.