COMPANY PROFILE

MRF TYRES LTD

- Noel Jiji
2001721096060
MRF LTD

Madras Rubber Factory, commonly known as MRF or MRF Tyres, is an

Indian Multinational tyre manufacturing company and the largest
manufacturer of tyres in India. It is headquartered in Chennai, Tamil Nadu,
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 MIDD - MRF Institute of Driver Development in
Chennai.

OVERVIEW - MRF LIMITED

Mrf Limited is a listed public company incorporated on 05 November, 1960.

It is classified as a public limited company and is located in Chennai, Tamil
Nadu. Its authorized share capital is INR 10.00 cr and the total paid-up
capital is INR 4.24 cr.
 Mrf Limited's operating revenues range is Over INR 500 cr for the
financial year ending on 31 March, 2022. It's EBITDA has decreased by -
30.47 % over the previous year. At the same time, it's book networth has
increased by 4.54 %. Other performance and liquidity ratios are available
here.
Description: The company manufactures and distributes tyres and tubes for
automobiles, aircrafts, motorcycles and cycles.
Products & Services: tyres and tubes
Category: Manufacturer

The current status of Mrf Limited is - Active.

The last reported AGM (Annual General Meeting) of Mrf Limited, per our
records, was held on 04 August, 2022. Also, as per our records, its last
balance sheet was prepared for the period ending on 31 March, 2022.
Mrf Limited has 16 directors - Arun Mammen, Ashok Peter Jacob, and
others.
The Corporate Identification Number (CIN) of Mrf Limited is
L25111TN1960PLC004306. The registered office of Mrf Limited is at NEW
NO.114 (OLD NO..124),, GREAMS ROAD,, CHENNAI, Tamil Nadu.
About

MRF Ltd. India‟s largest manufacturer of automotive tyres and tubes, was
incorporated as a private limited company in1960 to take over the business of
a partnership firm called the Madras Rubber Factory, started by late Sri. K. M
Mammen Mapillai. The company was converted into a public limited
company in April 1961. MRF entered tyre manufacturing in 1962 through a
technical collaboration with Mansfield, USA. Over the years, the company
has established its own R&D center and currently functions independently.

● Present

It is also involved in a range of other activities via subsidiaries.

FunskoolIndia, a Joint venture between Hasbro and MRF, is a major toy
manufacturing company in the country. MF Pretreads offers world class
precured tyre retreading service, and MRF Muscle Flex is involved in making
conveyor belts. It is presently under the leadership of VinooMammen, son of
the late K.M. Mammen Mappillai. Mr. Arun Mammen - Managing Director
of the Company w.e.f April 1,2004.

● Other Activities

MRF has been involved in the development of cricket through its sponsorship
of many cricketers and MRF Pace Foundation. At one point of time, MRF
was the bat sponsor of world-class batsman includingBrian Lara, Sachin
Tendulkar and Australian captain Steve Waugh.Sachin now uses Adidas bats,
and MRF are currently sponsoring Gautam Gambhir and Rohit sharma two
other members of the Indian Cricket team.

● Recent Forays

Tested to weather the toughest conditions on any road. With more than85 tyre
variants, MRF holds the highest market share of 22% in terms of sales
volume in the tyre industry.MRF also manufacturers its MUSCLE FLEX
brand of conveyor belting at one of the most at the most advanced “ State of
the Art”, facilities in India.MRF pretreads is yet another innovation from
MRF industries which is the most advanced procured retreading system in
India.Become the first domestic company to venture into the niche area of
developing and manufacturing of aviation tyres branded “ Aero Muscle” for
helicopters and aircrafts which targeted the defense sector.

HISTORY

Madras Rubber Factory was started by K. M. Mammen Mappillai 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 a technical know-how collaboration with B. F.
Goodrich 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 the retreading
industry. MRF tyres supplied tyres to Maruti 800, India's first modern small
car.In 1989, the company collaborated with Hasbro International, 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.

COMPETITORS

➔ Apollo tyres
➔ JK tyre
➔ Ind Ceat TVS Srichakra
SWOT ANALYSIS

➔ Strengths

● Established brand name(key in the replacement market) Extensive

● Distribution network.
● Good R&D initiative

➔ Weakness

● Cost pressure
● Pricing Pressure
● High Capital Intensive

PRODUCTS

MRF LTD primarily produces tires for various types of vehicles, including:

● Passenger car tires

● Motorcycle tires

Normal Tyres Racing Tyres

● Truck and bus tires

● Off-road tires for agricultural and industrial vehicles

MRF Wanderer Version Tires

● Aircraft tires
Apart from tires, MRF LTD also produces other automotive products such as:

● Tubes

● Flaps
 ● Retreading materials

In addition, MRF LTD also manufactures and sells non-automotive products

such as:

● Conveyor belts
● Toys
● Paints

MRF LTD has a strong focus on research and development to continually

improve the quality and performance of its products. The company invests
heavily in cutting-edge technology and has state-of-the-art facilities to ensure
that its products are of the highest standards.

Target Customers

➔ The Indian passenger car owner

➔ OME ‟s - Original Equipment Manufacturer
➔ Tyre dealers

Manufacturing facilities in India

➔ Kottayam Plant in Kerala

➔ Puducherry Plant
➔ Goa Plant
➔ Trichy Radial Plant in Perambalur District, Tamil Nadu
➔ Trichy Bias Plant in Perambalur District, Tamil Nadu
➔ Arakonam Plant in Tamil Nadu
➔ Tiruvottiyur Plant in Chennai, Tamil Nadu
➔ Medak Plant in Telangana
➔ Ankenpally Plant in Telangana
➔ Dahej Plant in Gujarat
 MRF manufacturing Facility

Number of employees

As of the latest information available, MRF LTD had a total of 17,171

employees as of March 31, 2021. This includes employees across all of its
operations, including manufacturing, sales, marketing, and administration,
among others.

MRF LTD is one of the largest employers in the Indian tire industry and has a
reputation for being an employee-friendly organization. The company
provides its employees with various training and development opportunities,
as well as a comprehensive benefits package that includes health insurance,
retirement plans, and other perks.
FINANCIAL HIGHLIGHTS - MRF LIMITED

Provided here are the financial indicators for the financial year ending on 31
March, 2022. Actual numbers and more financial data, updated until 31
March, 2022* are included in the purchased financial report.

DIRECTORS - MRF LIMITED

The company has 16 directors and 2 reported key management personnel.

The longest serving director currently on board is Kandathil Mammen

Mammen who was appointed on 20 February, 1981. Kandathil Mammen
Mammen has been on the board for more than 42 years. The most recently
appointed director is Vimla Abraham, who was appointed on 05 February,
2019.

Ambika Mammen has the largest number of other directorships with a seat at
a total of 11 companies. In total, the company is connected to 34 other
companies through its directors.
BANK-WISE BIGGEST CHARGES ON ASSETS

SUBSIDIARY COMPANIES

Name State INCORPORATION PAID UP

YEAR CAPITAL

MRF Tamil Nadu 1992 56.25 lac

International
Limited
MRF Corp Tamil Nadu 1995 5.01 lac
Limited