Latest news with #AnshumanSinghania
Mint
2 days ago
- Automotive
- Mint
The three keys to staying ahead of your to-do list
Anshuman Singhania's early days at the office were spent on the shop floor, stationed at different manufacturing locations to understand the business of tyres. His interaction with colleagues across age groups and at various levels made him realise the importance of teamwork and the value of empathy in leadership. 'Understanding ground realities, developing listening skills, navigating people-related matters and deep process knowledge are critical for informed business decisions. Those early experiences are very dear to me, as they have shaped the person I am today," says New Delhi-based Singhania, 45, Managing Director, JK Tyre & Industries. A lot of the learning was put into practice when he took over as Managing Director in 2020 during the Covid-19 pandemic. He prioritised the safety and security of the workforce and focussed on sustained operations at the enterprise to get through the difficult times. 'Working with my core team, we de-prioritised business growth in that year, instead choosing to lead with empathy. Overcoming the pandemic as a team helped strengthen our culture to bring agility to our organisation," he says. Singhania talks to Lounge about mentorship and the importance of good communication. Who do you consider your mentor? I didn't have to go too far to find a mentor. My uncle, Dr Raghupati Singhania, CMD of JK Tyre, has been my mentor. I have learnt much from him, including humility, setting and achieving challenging goals, and how to lead. I deeply value his continued mentorship, which has been instrumental in my journey. One major insight you worked on with your mentor's guidance? For many decades, we have been driven by the theme of 'Make in India, for India'. A key insight was that with our improved product quality, portfolio and brand strength, we could expand this to 'Make in India, for the World'. With my mentor's guidance, we at JK Tyre decided to make this happen. Over the past few years, we have executed an enterprise acquisition in Mexico, along with technology partnerships in Italy and with IIT Chennai, to now be recognised as an 'Indian-born global tyre company'. There are many miles to go, of course, but I am already proud of the way we have pivoted the company to achieve this. What does being a mentor mean to you? How do you mentor your colleagues at work? Being a mentor means empowering others to reach their full potential. For me, open communication, active listening and cross-functional teamwork are keys to workplace success, and I try to inspire my colleagues to adopt these values in their day-to-day lives. What's your morning schedule like? Health and fitness have always been the No.1 priority for me, so I start each day with my regular workout regime. It sets a productive tone for the day and helps me prepare mentally for the day ahead. What are some of the productivity principles you follow that have made your professional and personal life much easier? Productivity comes from a disciplined and balanced approach to work and life. I prioritise meticulous planning, effective time management and leveraging technology solutions when suitable. What's the one positive work routine you have developed during the pandemic? During the pandemic, I ensured continuity of communication with my team through virtual check-ins. I found that these quick reviews helped enhance alignment and boost morale. I have continued this routine ever since, engaging directly, quickly and efficiently. This ensures collaboration and clarity across teams. Any book or podcast you would recommend about mentorship and growth? I regularly listen to various podcasts on current affairs and growth, such as BBC Global, Huberman Labs and Dave Asprey. I love reading The Economist magazine end-to-end. I've gained a lot from these and would recommend them for continuous learning. How do you unwind? Do you pursue any serious hobbies? I unwind when I am with family and friends. I also spend time regularly in the gym and cycling. These activities help me recharge and maintain a healthy balance. Also read: Why the office needs to embrace Gen Z's work attitude
Time of India
7 days ago
- Business
- Time of India
Northeast emerges as new natural rubber source for tyre industry
The govt's effort to extend natural rubber plantation to north-eastern states has started to bear fruit with Tripura becoming the second largest source of natural rubber after Kerala for the first time in 10 years. According to data from AIRIA (All India Rubber Industries Association), Tripura's NR yield has jumped from 39,000 tonne to 91,500 tonne in the last 10 years. Kerala's yield has fallen from 6,48,220 tonne to 6,09,600 tonne in 10 years. Assam's share has grown from 13,600 tonne to 46,500 tonne while Meghalaya is at 11,775 tonne, up from 7,570 tonne a decade back. Already around 15% of the total NR used by the tyre industry comes from the north east. Sunam Sarkar, president and chief business officer, Apollo Tyres said, "Natural Rubber production in Tripura and Assam has risen in the last couple of years, and the quality has also seen some improvement, leading to higher off take by the tyre industry and Apollo Tyres." The north east sourcing is seeing an uptick even though the region has not yet hit its peak planned coverage of 200,000 hectare. Anshuman Singhania, MD, JK Tyre said, "This is our fifth year in reckoning and out of 2 lakh hectare which was the layout of the plan, we are at around 70,000 to 75,000 hectare. We are increasing our buying from the North East apart from buying from the traditional (plantations) down south." According to Automotive Tyre Manufacturers Association (ATMA) in the first four years of the Indian Natural Rubber Operations for Assisted Development (INROAD) project (FY22-FY25), an area of 1.25 lakh hectare (ha) has been covered under new NR plantations across 94 districts in North East and parts of West Bengal. In a first of its kind project, the tyre industry is contributing directly towards development of rubber plantation. The project entails development of 200,000 ha of rubber plantation in the north eastern states and West Bengal financially supported by 4 members of ATMA - Apollo, Ceat, JK and MRF. The project is being implemented by the Rubber Board of India. The INROAD project is critical for India because of the demand-supply mismatch. Shashi Singh, president of the All India Rubber Industries Association (AIRIA) said, "Domestic NR production is around 8.5 lakh tonne with the North East contributing around 1.5 lakh tonne. Given that India's total NR requirement is 14.5 lakh tonne, all tyre companies are looking at the north east for additional sourcing. Production in Kerala has reached its peak, so the North East has potential for expansion." The share of North East in India's area under NR plantation before the launch of the INROAD project was 23%. Once the objective of developing plantations in additional 2 lakh ha under the INROAD project is achieved, it is estimated that the share of NE states will increase to 38%. "Similarly the share of North East in India's NR production will go up from 16% currently to 32%," ATMA sources say.
Business Standard
21-05-2025
- Automotive
- Business Standard
JK Tyre Inds surges after Q4 PAT climbs 88% QoQ to Rs 97 cr
JK Tyre Industries rallied 8.78% to Rs 378.50 after the company's consolidated net profit jumped 88.35% to Rs 97.04 crore on a 2.31% increase in revenue from operations to Rs 3,758.60 crore in Q4 FY25 over Q3 FY25. On a Year on year (YoY) basis, the company's revenue increased 1.6% while net profit declined 42.7% in Q4 FY25. In Q4 FY25 profit before tax stood at Rs 143.94 crore, up 79.05% QoQ and down 42.8% YoY. EBITDA jumped 15% QoQ to Rs 384 crore in Q4 FY25. EBITDA margin expanded 110 bps to 10.2% in Q4 FY25 as against 9.1% in Q3 FY25. This growth was supported by higher volumes and enhanced operational efficiencies, despite elevated raw material costs. On full year basis the companys consolidated net profit declined 37% to Rs 495.04 crore on a 2.1% fall in revenue from operations to Rs 14,692.92 crore in FY25 over FY24. Raghupati Singhania, chairman & managing director (CMD) said, Despite a challenging and uncertain global economic landscape, JK Tyre delivered a promising performance in FY2025, gaining significant momentum in the fourth quarter. In the domestic market, JK Tyre recorded a healthy uptick in both replacement and OEM segments compared to the same quarter last year. This growth reflects not only the Companys robust brand equity and deep market reach but also the positive macroeconomic environment and growing automotive demand. Exports grew by 4% quarter-on-quarter, underscoring the Companys strong international presence and competitive product offerings. JK Tyres subsidiary companiesCavendish Industries (CIL) and JK Tornel, Mexicocontinued to make strong contributions to the companys overall revenues and profitability, reinforcing JK Tyres integrated global strategy and diversified footprint. The companys ongoing push toward premiumisation is yielding positive results. Premium products such as Levitas Ultra, Smart Tyre, Ranger Series, and Puncture Guard tyres in the passenger vehicle segment, along with the XF, XM, and XD series in the commercial segment, are witnessing increasing market preference, strengthening JK Tyres position in the value-added product space. JK Tyre has displayed exceptional resilience and strategic clarity through FY2025. We are entering FY2026 with renewed confidence, backed by a robust demand outlook across all segments. The Governments accelerated focus on infrastructure, a strong pipeline of new vehicle launches, potential easing of interest rates, and an expected normal monsoon position us well for sustained growth. Meanwhile, the companys board recommended a dividend of Rs 3 per equity share of Rs 2 each for financial year 2024-25. The said dividend, if declared by the members at the ensuing Annual General Meeting (AGM), is planned to be credited/dispatched within two weeks of the said meeting Further, the companys board approved the re-appointment of Anshuman Singhania as a managing director for a term of five consecutive years with effect from 21st October 2025, subject to requisite approval of the members of the company at the ensuing Annual General Meeting (AGM). JK Tyre & Industries is a leading player in the Indian tyre industry, offering comprehensive end-to-end solutions across multiple segments. The company manufactures tyres for passenger vehicles, commercial vehicles, farm equipment, off-the-road (OTR) applications, and two- and three-wheelers.
Business Standard
21-05-2025
- Automotive
- Business Standard
JK Tyre Inds surge after Q4 PAT climbs 88% QoQ to Rs 97 cr
JK Tyre Industries rallied 8.78% to Rs 378.50 after the company's consolidated net profit jumped 88.35% to Rs 97.04 crore on a 2.31% increase in revenue from operations to Rs 3,758.60 crore in Q4 FY25 over Q3 FY25. On a Year on year (YoY) basis, the company's revenue increased 1.6% while net profit declined 42.7% in Q4 FY25. In Q4 FY25 profit before tax stood at Rs 143.94 crore, up 79.05% QoQ and down 42.8% YoY. EBITDA jumped 15% QoQ to Rs 384 crore in Q4 FY25. EBITDA margin expanded 110 bps to 10.2% in Q4 FY25 as against 9.1% in Q3 FY25. This growth was supported by higher volumes and enhanced operational efficiencies, despite elevated raw material costs. On full year basis the companys consolidated net profit declined 37% to Rs 495.04 crore on a 2.1% fall in revenue from operations to Rs 14,692.92 crore in FY25 over FY24. Raghupati Singhania, chairman & managing director (CMD) said, Despite a challenging and uncertain global economic landscape, JK Tyre delivered a promising performance in FY2025, gaining significant momentum in the fourth quarter. In the domestic market, JK Tyre recorded a healthy uptick in both replacement and OEM segments compared to the same quarter last year. This growth reflects not only the Companys robust brand equity and deep market reach but also the positive macroeconomic environment and growing automotive demand. Exports grew by 4% quarter-on-quarter, underscoring the Companys strong international presence and competitive product offerings. JK Tyres subsidiary companiesCavendish Industries (CIL) and JK Tornel, Mexicocontinued to make strong contributions to the companys overall revenues and profitability, reinforcing JK Tyres integrated global strategy and diversified footprint. The companys ongoing push toward premiumisation is yielding positive results. Premium products such as Levitas Ultra, Smart Tyre, Ranger Series, and Puncture Guard tyres in the passenger vehicle segment, along with the XF, XM, and XD series in the commercial segment, are witnessing increasing market preference, strengthening JK Tyres position in the value-added product space. JK Tyre has displayed exceptional resilience and strategic clarity through FY2025. We are entering FY2026 with renewed confidence, backed by a robust demand outlook across all segments. The Governments accelerated focus on infrastructure, a strong pipeline of new vehicle launches, potential easing of interest rates, and an expected normal monsoon position us well for sustained growth. Meanwhile, the companys board recommended a dividend of Rs 3 per equity share of Rs 2 each for financial year 2024-25. The said dividend, if declared by the members at the ensuing Annual General Meeting (AGM), is planned to be credited/dispatched within two weeks of the said meeting Further, the companys board also approved re-appointment of Anshuman Singhania as a managing director for a term of five consecutive years with effect from 21st October 2025, subject to requisite approval of the members of the company at the ensuing Annual General Meeting (AGM). JK Tyre & Industries is a leading player in the Indian tyre industry, offering comprehensive end-to-end solutions across multiple segments. The company manufactures tyres for passenger vehicles, commercial vehicles, farm equipment, off-the-road (OTR) applications, and two- and three-wheelers.
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Business Standard
20-05-2025
- Automotive
- Business Standard
JK Tyre Q4FY25 profit down 42.6% to Rs 97 crore, revenue up 1.63%
JK Tyre and Industries on Tuesday reported a 42.6 per cent year-on-year (Y-o-Y) decline in its consolidated net profit at Rs 97.04 crore for the fourth quarter of the financial year 2025 (Q4FY25), while revenue from operations grew by 1.63 per cent to Rs 3,758.6 crore. The decline in net profit was attributed to rising raw material costs, particularly for natural rubber. Sequentially, revenue from operations grew by 2.31 per cent, while profit after tax (PAT) increased by 88.3 per cent. Raghupati Singhania, chairman and managing director (CMD), stated: 'Despite a challenging and uncertain global economic landscape in the domestic market, JK Tyre recorded a healthy uptick in both replacement and OEM segments compared to the same quarter last year.' During the earnings call, Anshuman Singhania, managing director of JK Tyre and Industries, said: 'The decline in performance was primarily due to rising raw material prices. Last year alone, there was an approximately 10 per cent increase in raw material costs, particularly affecting truck radial tyres. Unfortunately, this cost inflation could not be fully passed on to customers, as OEM demand remained subdued and they were not keen on picking up large volumes.' Additionally, global market volatility added to the uncertainty, particularly affecting exports. In Mexico, operations were impacted by tariff uncertainties related to exports to the US. Currency depreciation also played a role — the Mexican peso weakened nearly 8 per cent Y-o-Y against the Indian rupee, which adversely affected the consolidated topline figures. Going forward, the company expects margins to improve, provided input costs stabilise. The company's push towards premiumisation has yielded positive results, with premium products such as Levitas Ultra, Smart Tyre, Ranger Series and Puncture Guard tyres in the passenger vehicle segment, along with the XF, XM and XD series in the commercial segment, witnessing increasing market preference.
