MRF Ltd - Company Profile
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MRF Ltd (MRF) is a manufacturer of rubber tyres. The company offers rubber products, such as tyres, flaps, conveyor belt, tread rubber and tubes, toys, paints, and coats, pretreads, and sports goods. It provides its products for various vehicles such as heavy-duty truck, bus tyres, light commercial vehicle tyres, passenger car tyres, off-road industrial tyres and two-wheeler tyres, among others. The company also provides services such as wheel balancing, nitrogen filling, robotic wheel alignment, automatic car wash, tire repair, tire changing and tire maintenance services, among others. The company markets products under MRF brand name. MRF is headquartered in Chennai, Tamil Nadu, India.
Headquarters
India
Address
New No 114 Old No 124, Mrf House, Greams Road, Thousand Lights, Chennai, Tamil Nadu, 600006
Website
www.mrftyres.com
Telephone
91 44 28292777
No of Employees
19,050
Industry
Automotive
Ticker Symbol & Exchange
MRF (NSE)
Revenue (2022)
$2.9B
19.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
14.9%
(2022 vs 2021)
Market Cap*
$6.6B
Net Profit Margin (2022)
XYZ
-3.5%
(2022 vs 2021)
* As of and is in US$
MRF Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Tyres | Wheel Balancing | - |
| Paints and Coats | Nitrogen Filling | MRF |
| Pretreads | Robotic Wheel Alignment | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In January, the company announced its plans to acquire a 27.2% stake in First Energy 8 Private Limited. |
| 2023 | New Products/Services | In October, the company launched the new STEEL BRACE radials for high-performance motorcycles. |
| 2023 | Contracts/Agreements | In September, the company partnered with EverestLabs to improve accuracy and save money. |
Competitor Comparison
| Key Parameters | MRF Ltd | Apollo Tyres Ltd | JK Tyre & Industries Ltd | CEAT Ltd | Goodyear India Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Chennai | Gurgaon | New Delhi | Mumbai | New Delhi |
| State/Province | Tamil Nadu | Haryana | Delhi | Maharashtra | Delhi |
| No. of Employees | 19,050 | 16,090 | 5,836 | 8,207 | 969 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| K.M. Mammen | Chairman; Managing Director | Executive Board | 2019 | - |
| Rahul Mammen Mappillai | Director; Managing Director | Executive Board | 2019 | 44 |
| Varun Mammen | Director | Executive Board | 2020 | - |
| Arun Mammen | Vice Chairman; Managing Director | Executive Board | 2018 | - |
| Ambika Mammen | Director | Executive Board | 2018 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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