JK Tyre & Industries Ltd

Acquisition

JK Tyre & Industries Acquisition Worth ₹1.31 Cr

JK Tyre & Industries Ltd will acquire a 26% stake in Roofsol Renewables Five Pvt. Ltd for ₹1.31 Crore. The acquisition aims to secure captive solar power for its Laksar plant in Uttarakhand. The transaction is expected to conclude within 180 days and complies with Indian Electricity laws for captive power consumption.

Value

₹1.31 Cr

Execution

Within 180 days

Management Change

JK Tyre & Industries Management Change

JK Tyre & Industries Limited has appointed Mandar Vighnahari Deo, former CEO of Exide Energy Solutions, to its leadership team effective April 14, 2026. Deo brings extensive experience from Cummins and Exide, particularly in lithium-ion manufacturing. His deep industry knowledge is expected to strengthen the company’s profitable growth and green mobility vision.

Management Change

JK Tyre & Industries Management Change

JK Tyre & Industries Ltd has appointed Shri Mandar Vighnahari Deo as President - India, effective 14th April 2026. A PhD holder from Pennsylvania State University, he previously served as MD & CEO of Exide Energy Solutions Limited. This senior management appointment aims to strengthen the company's growth and mobility strategy.