MRF (company)
 |
|
| Public | |
| Traded as | : : MRF |
| ISIN | INE883A01011 |
| Industry | |
| Founded | Tiruvottiyur, Madras, Tamil Nadu, India (1946) |
| Founder | K. M. Mammen Mappillai |
| Headquarters | Chennai, Tamilnadu, India |
|
Key people
|
Late K.M.Mammen (Chairman & MD) |
| Products |
|
| Revenue |
 ₹13,444.75 crore (US$2.1 billion) (2013) |
|
₹13,482.15 crore (US$2.1 billion) (2013) |
|
| Profit |
₹802.21 crore (US$130 million) (2013) |
| Total assets |
₹5,834.14 crore (US$910 million) (2013) |
| Total equity |
₹3,645.14 crore (US$570 million) (2013) |
|
Number of employees
|
15,494 (2011) |
| Website | www |
Madras Rubber Factory Limited, commonly known by the abbreviation MRF, is an Indian multinational and the largest manufacturer of tyres in India. It is headquartered in Chennai, India. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF also runs the MRF Pace Foundation, Chennai and MRF Challenge in motorsport.
Madras Rubber Factory was started by K M Mathew as a toy balloon manufacturing unit in 1946 at Tiruvottiyur, Madras (now Chennai). In 1952, the company ventured into the manufacture of tread rubber. Madras Rubber Factory limited was incorporated as a private company in November 1960 and ventured into manufacture of tyres in partnership with Mansfield Tire & Rubber company based in Ohio, United States. The company went public on 1 April 1961 and an office was established in Beirut, Lebanon to develop the export market in 1964 and its current logo of the muscleman was born. In 1967, it became the first Indian company to export tyres to USA.
In 1973, MRF started manufacturing Nylon tyres for the first time. The Company entered into with a technical know-how collaboration with B.FGoodrich in 1978. The Mansfield Tire & Rubber Co sold out its share in 1979 and the name of the company was changed to MRF Ltd in the year. The company finalized a technical collaboration agreement with Marangoni TRS SPA, Italy for the manufacture of pre-cured tread rubber for retreading industry. MRF tyres supplied tyres to Maruti 800, India's first modern small car. In 1989, the company collaborated with Hasbro International United States, the world's largest toy maker and launched Funskool India. Also, they entered into a pact with Vapocure of Australia to manufacture polyurethane paint formulations and with Italian tyre manufacturer Pirelli for conveyor and elevator belt manufacture. During the year 2004-05, the product range of the company expanded with Go-kart & rally tyres and tyres for two/three wheelers.
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