JK Tyre Completes Merger with Cavendish Industries
Filing Summary
JK Tyre & Industries Ltd. has finalized the merger of its subsidiary, Cavendish Industries Ltd., as announced on December 23, 2025. Cavendish, acquired from Kesoram Industries Ltd. in 2016, primarily manufactured truck/bus radial, truck/bus bias, and 2/3-wheeler tyres. Post-acquisition, JK Tyre enhanced Cavendish’s capacity utilization from 30% to 95%. The merger aims to achieve operational synergies and expand the product portfolio. This marks JK Tyre’s third major turnaround following previous transformations of Vikrant Tyres and JK Tornel Mexico.
On December 23, 2025, JK Tyre & Industries Ltd. announced the completion of the merger with its subsidiary, Cavendish Industries Ltd. The merger was finalized to integrate Cavendish’s operations with JK Tyre’s existing business framework. Cavendish was initially acquired by JK Tyre in 2016 from Kesoram Industries Ltd.
Cavendish Industries was primarily engaged in the manufacturing of truck/bus radial, truck/bus bias, and 2/3-wheeler tyres. At the time of acquisition, Cavendish was operating at 30% of its manufacturing capacity. Following the acquisition, JK Tyre provided managerial, financial, and technical support, which led to an increase in capacity utilization to 95%.
The merger is structured to unlock value through enhanced operational synergies and economies of scale. It is expected to result in a stronger and more diversified product portfolio. The merger also aims to expand JK Tyre’s reach across a combined distribution network.
This merger aligns with JK Tyre’s long-term strategy of sustainable growth through a mix of organic and inorganic initiatives. The integration of Cavendish marks the company’s third major turnaround, following the transformations of Vikrant Tyres in 1997-98 and JK Tornel Mexico in 2008.
JK Tyre & Industries Ltd. is a leading tyre manufacturer in India, focusing on expanding its product offerings and enhancing operational efficiencies. The company continues to pursue strategic initiatives to strengthen its market position and drive sustainable growth.