MRF Ltd - Company Profile
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MRF Ltd (MRF) is a manufacturer of rubber tires. The company's products include tires, flaps, conveyor belts, tread rubber and tubes, toys, paints, and coats, pre-treads, and sports goods. Its products find application in various vehicles such as heavy-duty trucks, buses, light commercial vehicles, passenger cars, off-road industrial vehicles, and two-wheelers, among others. The company also through its service centers provides services such as computerized nitrogen inflation, tubeless repair, wheel alignment, wheel balancing, car washing, AC recovery and recharging, headlight alignment, and tire changing, among others. It offers the products to the customers through the brand MRF and has operations in India, Sri Lanka, and Singapore. MRF is headquartered in Chennai, Tamil Nadu, India.
MRF Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Tyres | Wheel Balancing | MRF |
| Paints and Coats | Nitrogen Filling | |
| Pretreads | Automatic Car Wash | |
| 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 October, the company announced its plans to acquire a 26% stake in Clean Max Omni Private Limited for INR7.26 crores. |
| 2024 | Others | In May, the company ended its partnership with the International Cricket Council. |
| 2024 | Plans/Strategy | In January, the company announced its plans to acquire a 27.2% stake in First Energy 8 Private Limited. |
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 | Gurugram | New Delhi | Mumbai | Ballabgarh |
| State/Province | Tamil Nadu | Haryana | Delhi | Maharashtra | Haryana |
| No. of Employees | 17,850 | 15,681 | 5,666 | 9,428 | 949 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| K M Mammen | Managing Director; Chairman | Executive Board | 2019 | - |
| Arun Mammen | Managing Director; Vice Chairman | Executive Board | 2018 | - |
| Ambika Mammen | Director | Executive Board | 2018 | - |
| Varun Mammen | Director | Executive Board | 2020 | - |
| Samir Thariyan Mappillai | Director | Executive Board | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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