While the P.K Ruia Group had been making false submission before the Supreme Court of India for restarting the work at Dunlop India's factories, however one finds that their deeds and actions are contrary to their words.
Dunlop India's factory located at Kolkatta and Chennai are not in operation since last 13 years or more and the Ruia management had in these past years have not just siphoning cash out of Dunlop India but gradually siphoning the business of Tyre's to one of their subsidiary Dunlop India Tyres Pvt Ltd.
Below is an extract of the Website of Ruia Group which clearly indicates the above act of Siphoning the Tyre business to Dunlop India Tyres Pvt Ltd which is a distinct and separate entity in which Dunlop India Ltd has no interest or any stake and is solely owned by the Ruia Group.
This is a classic example of the rampant corruption prevailing in Corporate India.
Dunlop India's factory located at Kolkatta and Chennai are not in operation since last 13 years or more and the Ruia management had in these past years have not just siphoning cash out of Dunlop India but gradually siphoning the business of Tyre's to one of their subsidiary Dunlop India Tyres Pvt Ltd.
Below is an extract of the Website of Ruia Group which clearly indicates the above act of Siphoning the Tyre business to Dunlop India Tyres Pvt Ltd which is a distinct and separate entity in which Dunlop India Ltd has no interest or any stake and is solely owned by the Ruia Group.
This is a classic example of the rampant corruption prevailing in Corporate India.
Dunlop Auto Tyres Pvt. Ltd.
| India is witnessing a huge growth in the demand of cycle-tyres in recent years. With an aim to share the growth pie, the Ruia Group in 2010 acquired a facility in Himachal Pradesh (India) and introduced state-of-the-art technology for manufacturing a wide range of high-quality cycle-tyres in the plant. Subsequent to the thorough refurbishment process, the company was renamed as Dunlop Auto Tyres Pvt. Ltd (DATPL). |  |
| DATPL’s bicycle-tyres bearing the brand DUNLOP have been readily consumed by the quality-hungry segment of the market. DATPL has increased its market presence further with tubes, repairing solutions, chains, rims and other products related to bicycle. The company has planned to manufacture tubes for motor cycles and other two-wheelers. |  |
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