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MRF Reviews

Chennai, Tamil Nadu

5.0/ 5

1 review

MRF Limited, originally known as Madras Rubber Factory, is India's largest manufacturer of automotive tyres and tubes and a prominent player in the global tyre industry. Founded in 1946 by K. M. Mammen Mappillai as a modest toy balloon manufacturing unit in Tiruvottiyur, Chennai, the company has grown into a major multinational conglomerate. Headquartered in Chennai, Tamil Nadu, MRF operates as a promoter-led organization, with the founding Mammen family maintaining a significant stake and leadership control, including Chairman K. M. Mammen and Managing Director Rahul Mammen Mappillai. The company's evolution is marked by pivotal milestones. In 1952, MRF transitioned into manufacturing tread rubber, quickly capturing a dominant market share. It was incorporated as a private limited company in November 1960 and ventured into tyre manufacturing through a technical collaboration with the Mansfield Tire & Rubber Company of the United States. MRF went public in April 1961 and became the first Indian company to export tyres to the U.S. in 1967. Over the decades, it established technical partnerships with global firms like B.F. Goodrich and Marangoni TRS SPA, solidifying its manufacturing excellence. MRF operates an integrated production network across ten manufacturing locations in India, including facilities in Tamil Nadu, Kerala, Telangana, Goa, Puducherry, and a newer plant at Dahej in Gujarat. The company employs over 17,800 workers. Its primary business segment focuses on a comprehensive range of rubber products, manufacturing high-quality tyres, tubes, flaps, and pretreads for passenger cars, two-wheelers, three-wheelers, trucks, buses, tractors, light commercial vehicles, off-the-road (OTR) vehicles, and fighter aircraft. Notable product series include the Perfinza, Markus, Revz, and Muscleflex conveyor belts. Beyond automotive components, MRF has diversified into specialty coatings, paints, and sports goods. Notably, through a collaboration with Hasbro, it runs Funskool India, a major brand supplying toys and games. The company also maintains a legendary presence in sports and motorsports, famously operating the MRF Pace Foundation to train fast bowlers and organizing the MRF Challenge racing series. Financially, MRF is publicly traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), holding the distinction of having one of the highest share prices in India. For the fiscal year 2026, the company reported a consolidated revenue from operations of ₹31,654 crore, an operating income of ₹3,285 crore, and a net income of ₹2,426 crore, with total equity valued at ₹20,975 crore. Dedicated to innovation and sustainability, MRF continues to invest heavily in research and development to expand its radial capacity and engineer specialized tyres tailored for the evolving electric vehicle (EV) market.