Ruia’s resignation from Dunlop India chairmanship confirmed

Dunlop India has informed the Bombay Stock Exchange of the resignation of Pawan Kumar Ruia as chairman of the tyre maker’s Board of Directors. Ruia’s resignation took effect on January 31, however the BSE was not notified until April 28. The Ruia Group chairman retains his position as director of the company.

A Dunlop spokesman was quoted by the Calcutta-based newspaper The Telegraph as saying Ruia decided to step down as he was unable to devote enough time to the company. “He has already stepped down as the chairman of Jessop and Company. He now did it in Dunlop, and Falcon is also under active consideration,” the spokesman said. According to The Telegraph, Ruia intends to focus on overseas business, which contributes nearly 50 per cent to the Ruia Group’s turnover.