Another milestone year. The Ruia Group acquired Dunlop India Limited – the globally renowned tyre giant. Dunlop, like Jessop, had very old origins in India and for decades was the undisputed brand leader in the Indian tyre industry. A company of many firsts, Dunlop had shut down operations in India in 1998.

In the same year the Ruia Group also acquired the Mysore-based Falcon Tyres Limited. It is the only company in the industry that has thrived and grown in the midst of a crippling economic downturn. Today, with concurrent programs in capacity expansion and backward integration, Falcon is poised to become the undisputed market leader in the two and three wheelers tyre industry.