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This profile was last updated on 1/30/16  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Pawan Kumar Ruia

Wrong Pawan Kumar Ruia?


Phone: +91 **********  
Email: p***@***.in
Local Address:  India
Ruia Group Ltd
Kearsley Mill
Manchester , Manchester m26 1rh
United Kingdom


Employment History

171 Total References
Web References
Under the leadership of its chairman, ..., 27 Nov 2015 [cached]
Under the leadership of its chairman, Mr. Pawan K Ruia, the group has seen meteoric inorganic growth through critical technology acquisitions.
Mr. Pawan K Ruia, who leads a team of dedicated professionals, is known as the ‘Turnaround Tycoon’, and has been credited with turning around the sick companies that he has acquired so far. The reputation of the group has soared faster and the growth projections of the group are extremely bright, under his realm.
Under the insight of Mr. Ruia, the group clients’ portfolio extends to the major Indian OEMs like Bajaj, Hero, Yamaha, Mahindra, LML etc., showcasing his enviable business skills.
In a statement, Dunlop ... [cached]
In a statement, Dunlop chairman Pawan K Ruia said: "The Sahaganj plant will resume production either just before the Pujas or right after it.
In November, Dunlop owner and ... [cached]
In November, Dunlop owner and industrialist Pawan Ruia had said there was no option except to stop production and reduce salaries due to shortfall in working capital.
Ruia gets his best ..., 8 Oct 2014 [cached]
Ruia gets his best chance to save Dunlop
Pawan Ruia's slipping turnaround tag Pawan Ruia group seeks West Bengal govt's nod to close down Jessop Is Ruia getting closer to Modi? Suspension of work notice at Jessop's Dum Dum plant Downturn for turnaround tycoon?
When Pawan Kumar Ruia was negotiating with the West Bengal government and the workers of Dunlop India's closed Sahaganj factory, he had one strange condition. Apart from many favourable clauses in the tripartite agreement, he wanted the day the tyre company opened again after closure to be an auspicious day.
"The workers were insistent we should reopen the plant on September 23, but I wanted it to happen two days later, on September 25, the first day of Navaratri," says Ruia, a known devout.
Knowing this is his best chance yet to breathe new life into Dunlop, Ruia was pleased with the efforts. Since he bought a controlling stake in the company in 2005 from Manu Chhabria's Jumbo group, the Kolkata businessman has tried his hand at making the debt-ridden company work. But he has been stymied by labour problems, huge debts, lack of financing and suspicions that he was interested in the company's real estate assets rather than in running it.
Pawan Kumar Ruia
Pawan Kumar Ruia Reopening the factory in a staggered manner was something that had been proposed by Ruia as far back as in 2011, but the idea had been opposed by all workers' unions as well as the government. Asked how he had managed to get everyone on board this time, Ruia says the company had got rid of the "trouble creators" among the workers. "We closed Dunlop because of some people whose employment had been terminated, who had been suspended and those against whom the company had filed criminal cases," he says. "Once these people decided to resign, we thought of reopening the factory. There were 23 such people. Of them, five have already retired and 18 have left after availing of retirement benefits."
He also says that when matters were being wound up in court, some among those 23 people inflated their outstanding dues to Rs 77 crore. "It was just to create problems for us," says Ruia. "Now, we have got documents signed by the government in which the workers have agreed that our total liability is about Rs 12 crore. So I got the biggest advantage out of the deal."
A favourable tide
People in the know, however, say that the bigger positive for Ruia is that he has finally got the state government on his side. In an interview with Business Standard last year, Ruia had said he was a victim of the government's wrong perceptions.
"With Amit Mitra as industry minister and Moloy Ghatak as labour minister replacing Partha Chatterjee and Purnendu Bose, respectively, Ruia has managed to have his way in the tripartite agreement."
As they do for all practical businessmen, Ruia's networking across the political spectrum has helped. "I have personally spoken to Mitra several times," he says. "I am happy that I have been able to communicate my views to him."
Things would not have worked out better for Ruia. Dunlop India, which is contesting a 2013 Calcutta High Court order to wind up in the Supreme Court, has also been granted 'relief undertaking' status by the West Bengal government. Such a status prevents creditors of a company from seeking liquidation of its assets for recovery of their dues.
Until 2010, Dunlop enjoyed protection from its unsecured creditors under the West Bengal Relief Undertakings (special provisions) Act. But the status was eventually withdrawn by the Left Front and the Trinamool Congress government that came in also did not renew it. Now, apart from the favourable tripartite agreement, Ruia has got official protection from creditors as well.
But we are contesting their claim and have not paid them," says Ruia.
Ruia has pegged new investments required to get the plant running at Rs 10-15 crore.
The scepticism is rooted in the fact that Sahaganj has never seen full scale operations since Ruia took charge in 2005. The same is true for Dunlop's Ambattur plant in Tamil Nadu, which has been closed.
But Ruia has many things in his favour at this moment.
TROUBLED JOURNEY: DUNLOP UNDER PAWAN RUIA Nov '05: Pawan Kumar Ruia acquires Dunlop from Manohar Rajaram Chhabria's Jumbo group Aug '06: New management reopens Ambattur plant Oct '06: Sahaganj plant reopens Jul '07: Ruia takes Dunlop out of the purview of the Board for Industrial and Financial Reconstruction by revaluing its fixed assets Jan '10: Dunlop India re-lists shares on BSE Apr '11: Pawan Ruia steps down as Dunlop India chairman on January 31, 2011 Aug '11: Pawan Ruia quits Dunlop India board
Pawan Kumar Ruia
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Now, however, the carmaker may once ..., 31 Jan 2012 [cached]
Now, however, the carmaker may once again consider a partnership with either Pawan K Ruia, owner of Dunlop India, or Siddharth Lal of Eicher Motors, says a person close to the development.
However, Mr. Ruia said, we are no longer involved in the discussion however, Mr. Lal declined to comment anything.
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