JK Tyre Completes Merger of Cavendish Industries
Cavendish was acquired in 2016 from Kesoram Industries. At the time of acquisition, the company’s manufacturing facilities were operating at around 30 per cent capacity, producing truck and bus radial, truck and bus bias, and two- and three-wheeler tyres.
Following the acquisition, JK Tyre provided comprehensive managerial, financial and technical support, enabling a rapid turnaround. Streamlined manufacturing processes helped raise capacity utilisation to about 95 per cent, while capacity expansion at the Laksar plant further strengthened Cavendish’s contribution to JK Tyre’s overall operations.
The merger is expected to unlock value through operational synergies, economies of scale, a broader product portfolio and an expanded distribution network. It also represents JK Tyre’s third major turnaround after Vikrant Tyres and JK Tornel Mexico, reinforcing the company’s long-term focus on sustainable and resilient growth.