MRF Share Price

MRF Limited, commonly known as MRF or MRF Tyres, is a renowned Indian multinational tyre manufacturing company and one of the largest tyre manufacturers in India. Headquartered in Chennai, Tamil Nadu, India, MRF is known for its wide range of rubber products, including tyres, treads, tubes, conveyor belts, paints, and toys. The company also operates the MRF Pace Foundation in Chennai and the MRF Institute of Driver Development (MIDD) in the same city.

MRF has gained international recognition for its exceptional performance in the tyre industry and has been ranked as the world's second-strongest tyre maker, boasting a AAA- brand grade. With its dedication to innovation, manufacturing excellence, and product quality, MRF has established itself as a trusted name in the automotive sector in India and globally.

MRF is renowned for offering a diverse range of products in the market, including:

● Tyres: MRF manufactures various tyres catering to different vehicles and needs. Their tyre range includes options for passenger cars, two-wheelers, trucks, buses, tractors, light commercial vehicles, off-the-road tyres, and even aeroplane tyres. Notable examples are MRF ZVTS and MRF Wanderers for cars and SUVs, MRF Meteor all-terrain tyres, and MRF Steel Muscle for trucks and buses.

● MRF ZLX: The latest addition to their product line, MRF ZLX, is well-known for providing exceptional comfort in the passenger segment.

● Conveyor Belting: MRF also produces its in-house brand of conveyor belts known as Muscleflex conveyor belts.

● Pretreads: MRF boasts one of India's most advanced pre-cured retreading systems. They entered the retreading segment in 1970 and now manufacture retreads for tyres.

● Paints: MRF develops polyurethane paint formulations and coatings for automotive, decorative, and industrial applications.

● Indigenous Aircraft Tyres: In addition to their comprehensive range, MRF manufactures indigenous aircraft tyres, including those for Su 30 MKI fighters used by the Indian Air Force.

MRF is known for its iconic logo and advertising campaigns, which have contributed to building a strong brand image in the Indian market. MRF operates multiple state-of-the-art manufacturing facilities across India, equipped with modern technologies to meet the growing demand for its products.

The History of Madras Rubber Factory

K. M. Mammen Mappillai initiated Madras Rubber Factory as a toy balloon production unit in 1946 in Tiruvottiyur, Madras (now Chennai). Later, in 1952, the company expanded its operations into manufacturing tread rubber. Subsequently, in November 1960, Madras Rubber Factory Limited was formally established as a private company. It then ventured into the production of tires in collaboration with Mansfield Tire & Rubber Company from Ohio, United States.

The company transitioned to a public entity on 1 April 1961 and took steps to develop the export market by setting up an office in Beirut, Lebanon, in 1964. During this time, the iconic logo of the muscleman was also introduced. A significant milestone occurred in 1967 when it became the first Indian company to export tires to the USA.

In 1973, MRF began producing Nylon tires. In 1978, the company collaborated with B. F. Goodrich for technical expertise. The name was changed to MRF Ltd after Mansfield Tire & Rubber Co sold its share in 1979. Additionally, MRF established a technical collaboration with Marangoni TRS SPA, Italy, for manufacturing pre-cured tread rubber for the retreading industry.

MRF provided tires for India's first modern small car, Maruti 800. In 1989, the company partnered with Hasbro International, the world's largest toymaker, and launched Funskool India. Furthermore, MRF entered agreements with Vapocure of Australia for manufacturing polyurethane paint formulations and with the Italian tire manufacturer Pirelli for conveyor and elevator belt production. In 2004–05, the company expanded its product range to include Go-kart and rally tires and tires for two/three-wheelers.

Madras Rubber Factory- Some Important Facts

● MRF was founded in 1946 in Chennai, India. It started as a small-scale manufacturer of toy balloons and latex products.
● MRF primarily produces tires for various vehicles, including cars, motorcycles, trucks, buses, and bicycles. It has earned a reputation for producing high-quality and durable tires.
● MRF has a significant international presence and exports its products to over 65 countries. It has established a strong foothold in the global tire market and is recognized as one of India's leading tire exporters.
● MRF invests in research and development to continuously improve its product quality and performance. The company's R&D centres work on developing advanced tire technologies and innovations.

Madras Rubber Factory- Awards Received 

● In 2014, MRF achieved an extraordinary feat by winning the JD Power Award for an unprecedented 11th time.

● Over the years, the company has earned numerous prestigious awards and recognitions, such as the 'Highest Export Awards (Auto Tyre Sector)' from the All India Rubber Industries Association (AIRIA) and the 'Top Export Award' from the Chemicals & Allied Products Export Promotion Council (CAPEXIL) for 2009–10.

● According to the Brand Trust Report, a study conducted by Trust Research Advisory, MRF was ranked 48th among India's most trusted brands in 2014.

Today, MRF is one of India's largest and most prominent tire manufacturers and has a significant international presence. It exports its tires to numerous countries and is recognized for its excellence in manufacturing and product quality.