JK Tyre’s India President Anuj Kathuria resigns, cites personal reasons

JK Tyre and Industries President of India operations Anuj Kathuria has resigned from the services of the company owing to personal reasons, the company says in an exchange filing. Referring to his resignation letter dated February 14, 2025, which has been accepted, the company says Kathuria has been relieved from the services of the company.

"Due to personal reasons, I hereby tender my resignation from the position of President (India) at JK Tyre & Industries Ltd. Kindly accept my resignation and relieve me from my duties as per the terms of my employment. I am willing to serve the notice period of 90 days as per the company’s policy. Please let me know the next steps regarding my exit formalities," Kathuria says in his resignation letter.

Kathuria has over 30 years of experience in the automotive industry. Before joining JK Tyre, he held several positions at Ashok Leyland, Tata Motors and Tata Daewoo in Korea. He holds an engineering degree from BITS, Sindri, an MBA in Marketing and Finance from XLRI, Jamshedpur, and has completed the Advanced Management Program at Harvard Business School.

A media report, however, cited a Mumbai police probe as a reason for Kathuria's resignation, though the company has not revealed anything official on the matter.

Separately, the International Finance Corporation (IFC) last month sanctioned a $100 million Sustainability-Linked Loan (SLL) to JK Tyre, a leading Indian tyre manufacturer with a global presence. The funding includes $30 million for JK Tyre & Industries Limited and up to $70 million for Cavendish Industries Limited (CIL), a subsidiary of JK Tyre. JK Tyre is the flagship company of the JK Organisation, a global conglomerate.

The flagship company of JK Organisation, JK Tyre & Industries is among the top 20 tyre manufacturers in the world. The company stock closed 0.98% down at Rs 282.70 on the BSE on Monday.