Madras Rubber Factory

History

1946

A youthful entrepreneur, K. M. Mammen Mappillai, opened up a small gift balloon producing component inside a garage at Tiruvottiyur, Madras (now Chennai).

1949

Although that factory was only a little reduce without the machines, a number of products, ranging coming from balloons along with latex-cast squeaking gadgets to be able to commercial gloves and contraceptives, have been produced. During this kind of time, MRF recognized it has the earliest place of work at 334, Thambu Chetty Street, Madras (now Chennai), Tamil Nadu, India.

1952

MRF launched straight into the actual create of stand rubber. And along with that, the primary machine, a rubber mill, seemed to be fitted on the factory. This measure into tread-rubber manufacture, appeared to be afterwards to help catapult MRF right league in which couple of acquired thought of possible.

1955

MRF rapidly grew to be the only real Indian-owned unit to help manufacture the superior extruded, non-blooming plus cushion-backed tread-rubber, granting this in order to compete with this MNC's running with India at in which time.

1956

The quality belonging to the supplement produced ended up being regarding a really excessive normal which by the particular near connected with 1956, MRF had come to be market trends chief using a new 50% share connected with your tread-rubber current market with India. So powerful had been MRF's hold on tight the market, that this huge multinationals experienced not any alternative choice nevertheless for you to distance themself through the stand rubber small business with India.

1960

The Company appeared to be incorporated being a private restricted business about 5 November. The Company Manufacture automobile, aircraft, circuit tyres as well as tubes in collaboration considering the Mansfield Tire & Rubber Co., Mansfield, Ohio, U.S.A. The tyres will be sold underneath the actual trade label Mansfield Tyres (MRF). The Company likewise releases some other industrial items created of plastic such as conveyor belt, hoses etc. It procured on the whole company on the Madras Rubber Factory being a proceeding matter since from 16 November, for any factor involving Rs 25 lakhs.

1961

The Madras Rubber Factory Private Limited had been transmuted right public company about 1 April, plus more funds was supplied in order to begin the particular create of automobile tyres plus tubes around collaboration using the Mansfield Tire & Rubber Co., Mansfield, Ohio, U.S.A. The Company was handed permission for you to foreign trade tyres getting Mansfield deal recognise to all universe areas except U.S.A. in addition to Canada.: 2,49,650 explains to you allocated devoid of payment throughout cash. 350 shares activated for through the signatories towards Memorandum involving Association. 2,50,000 stocks appropriated along with assigned directors, etc. 5,00,000 gives you written to be able to criminal court in April 1961. The balance 2,50,000 stocks designated to be able to collaborators because cost to get machinery.

1962

The principal seed to get output involving tyres as well as tubes ended up commissioned on four December.

1963

Nylon Hot-Stretch Unit on the latest layout was commissioned in November.

6,25,000 Right Equity gives you offered by par inside the ratio 1:2.

1964

With the particular commissioning of the principal plant with 1964, MRF furthermore designed develop inside export associated with tyres. An overseas place of work with Beirut

(Lebanon) was organized to be able to develop the particular export market, and it appeared to be amidst India's very primary efforts. This year also as well as the particular delivery with that right now popular MRF Muscleman.

1967

MRF evolved into your earliest Indian corporation that will export tyres to be able to USA - the particular very birthplace associated with tyre technology.

1970

In March, 5,62,500 plus justness explains to you given inside amount 3:10.

1973

MRF obtained a significant state of the art when you are one of the earliest with India to help manufacture in addition to market Nylon tyres.

1975

During September, 12,18,714 bonus futures granted throughout per cent 1:2. (Only 12,18,689 explains to you had been consumed up).

1978

The Company finalised a new technical know-how collaboration with B.F. Goodrich Co., U.S.A., which usually became thoroughly operative at the begining of 1980-81.

This contract was revalidated additional personal training years.

1979

The Masfield Tire & Rubber Co., U.S.A. presented available for sale outside it is holding 3,74,250 No. connected with Equity stocks regarding Rs 10 each of the actual Company at

a premium regarding Rs several every seeing that follows: 3,63,786 stock shares seeing that rights into the existing shareholders in the portion 1:8 and 10,464 shares into the workforce in the Company.

1980

The Company crossed a few milestones throughout its history. It attended directly into specialized effort together with BF Goodrich Tire Co., USA from the year.

The title of the Company, Madras Rubber Factory Ltd. has been transformed to MRF Ltd within the year.

1981

Mansfield Tire & Rubber Co. associated with U.S.A., provided for that his or her equilibrium shareholding of 3,55,537 No. involving Equity futures regarding Rs 10 every single throughout the

Company at a premium associated with Rs several each share as follows: 3,29,587 explains to you towards present resident Indian shareholders plus non-resident Indian shareholders (on non-repatriation basis) equal in porportion 1:10 and also 25,950 stock shares for the Indian employees, business affiliates along with marketers of the Company.

2,00,000 No. of Equity shares assigned throughout Feb. 1982 that will IFCI at the payment associated with Rs 5 various per futures on conversion process involving loans.

1983

The Company finalised a techie effort contract by using M/s. Marangoni TRS SPA, Italy to get that method of getting know-how for the

manufacture pre-cured tread plastic intended for retreading industry.

1984

Sales crossed INR two billion. MRF tyres were the very first tyres decided on for fitment on to the actual Maruti Suzuki 800 - India's first

small, modern car.

1985

A letter of intention seemed to be obtained to the manufacture of conveyor beltings plus hoses throughout collaboration with Industiral Pirelli SPA,

Italy. Plans had been furthermore on palm to visit set for a new joint venture with the aero tyre split associated with B.F. Goodrich & Co., intended for retreading plus subsequently for making planes tyres.

1986

The Company supplied 15% non-convertible debentures connected with Rs 100 each one (II Series) intended for Rs 8-10 croes as rights to the present shareholders to elevate funds for modernisation of the Company. Under Cumulative attention repayment scheme, these debentures are redeemable inside 3 annual

instalments of Rs 35 every single commencing on 8-10 May, 1993 in the premium with 5% in the very first instalment. Under the non-cumulative interest cost scheme, the actual debentures are redeemable with five equivalent 12-monthly instalments involving Rs twenty each and every comencing coming from 8 May 1991 at the quality of 5% which could be paid out on 8 May, 1993.

1987

(18 months), The Company received MRTP clearance as well as a page with purpose for the construct connected with pre-cured follow plastic up to help 6,000

tonnes per annum by employing local engineering formulated by the Company. MRTP clearance ended up being also attained intended for establishing an innovative grow plants during Tada around Andhra Pradesh intended for manufacrure involving 1.5 million range regarding tyres plus tubes per annum.

The Company came into into some sort of collaboration deal having Vapocure associated with Austraia to make polyurethane fresh paint formulations that will be

rapidly put right during room temperature and would as well aid in the actual creation of shatterproof glass. The seed with a strong established volume involving 10,000 tonnes each annum seemed to be currently being create during Gummidipoondi within Tamil Nadu.

`Funskool (India), Ltd. as well as `Crystal Investment and Finance Co. Ltd.' became subsidiaries on the Company. Funskool (India), Ltd.

was marketed within effort having Hasbro International, U.S.A., the actual World's major gadget makers.

1988

The MRF Pace Foundation seemed to be set up, with international tempo bowler, Dennis Lillee since it is Director. Not long thereafter, pace bowlers

trained during this Foundation were picked for your Indian Cricket Team.

1989

The Company was recognized as `Star Exporter', some sort of level that allows the provider to have main concern treatment in many parts concerned

with customs, RBI, etc.

Aero tyre department of B.F. Goodrich Co., USA appeared to be consumed about by simply Michelin Cie connected with France.

Government accepted the actual technical effort using Uniroyal Goodrich Tire Co., U.S.A., a new subsidiary of Michelin Cie., France,

for imparting most up-to-date know-how for opinion ply/radial aircraft tyres to get a time period associated with a few years.

1990

The Aruna Leathers & Exports Ltd. has been amalgamated with the

Company. As for every the particular program one money write about of Rs 10 each of MRF Ltd. has been designated for just about every 10,000 shares of Rs eight each fully paid-up used around ALEL. Accordingly, 25 money futures have been assigned to the erstwhile sharehodleres regarding ALEL.

The Company announced `Vapocure' shades within the market.

(6 months), the Company privately located 15,00,000 - 14% non-convertible debentures involving Rs a hundred each (III Series). The debentures

are redeemable - at the quality involving 5% throughout some 12-monthly instalments of Rs thirty five each commencing from 31 July, 1997.

The Company privately located along with SBI Mutual Fund 10,00,000 - 14% debentures (IVth Series) that are redeemable at the quality regarding 5% on

26 June, 1998.

During the season 5,00,000 - 14% debentures ended up additionally privately placed by using Infrastructure Leasing & Financial Services, Ltd. These

debentures usually are redeemable in three total instalments at a premiums associated with 5% commencing from 23 July, 1997.

1991

The Company google sniper a new Company viz. MRF International, Ltd., becuase in the huge expansion probable inside upload market.

3,85,000 No. of fairness stocks written for you to (prem. Rs 242 per share) towards overseas collaborators M/s. Asia Trading Services, Hongkong.

1992

The Company offers shaped a new Company, viz., MRF INTERNATIONAL LIMITED as well as Company offers attained the certificate connected with start of

business.

1993

K. M. Mammen Mappillai had been accorded that Padmashri Award regarding National Recognition to get his / her contribution to market - the only real industrialist

from South India to be able to possibly be accepted this honour. MRF as well became the primary tyre company around India to cross the INR 10 billion mark. In addition, the provider seemed to be voted because of the Far Eastern Economic Review, united with the twenty primary Corporate Groups throughout India along with a Leader with Asia, and by viewers of the A & M magazine, together with India's most respected Marketing Companies.

1995

The Company features received the Top Export Award for your calendar year from All India Rubber Industries Association.

1996

The Company has gotten an award out of CAPEXIL - Certificate of Merit determined by your foreign trade performance to the year.

The Far Eastern Economic Review Award was offered to help MRF for your fourth year throughout sequence within acknowledgement with excellence.

1997

MRF Ltd may be assigned a new credit score regarding `PR1+' (superior) due to the suggested Rs one hundred crore private paper (CP) plan by means of Credit

Analysis along with Research Ltd (CARE).

MRF is creating an innovative grow around Pondicherry regarding the manufacturing connected with radial tyres.

The corporation create that Arakonam grow plants throughout Chennai to make bicycle tyres plus tubes.

MRF started manufacturing tyres plus tubes with technical collaboration having Mansfield Tire and also Rubber Company, USA.

MRF has released Nylogrip Zapper, a high functionality tyre pertaining to brand new generation bikes.

The corporation linked up with Uniroyal Goodrich Tire Co. connected with USA, a new subsidiary in the French Tyre huge Michelin, which often stored 9.8 percent

stake in the actual company.

1998

MRF Tyres features authorized a great OEM (original equipment manufacturer) alliance along with Siel Honda Motors as well as Hindustan Motors.

MRF has started a market place sampling operation with the MRF Zigma.

1999

MRF Ltd provides thought he would build more such treatment centers within Northern and Western cities.

The Company includes entered directly into contracts when using the Depositories viz., National Securities Depository Ltd. [NSDL] & Central Depository

Services (India) Ltd.

AIRIA Highest Export Award was given throughout popularity regarding our outstanding move operation in respect associated with Auto Tyres & Tubes during

the year.

2000

The Company offers developed shop inside Dubai in order to targeted real estate markets inside UAE within it's move thrust.

MRF offers launched some sort of steel-belted payment radial tyre variant labeled `MRF ZVTS'.

2002

MRF was rated best in buyer achievement along with multinational Bridgestone

in some sort of review conducted through JD Power Asia pacific.

MRF Tyres Ltd considers slump within private automobile tyre sector and also voyager car or truck increase has also declined.

High judge dismisses the creat request sent in by MRF Employees Union challenging that order

of dismissal of a worker, who has been the actual secretary on the union.

Advertising Standard Council regarding India Quashed that objection raised simply by MRF by means of upholding J K Industries claim regarding being India's Number one particular tyre company inside the some wheeler segment.

MRF Ltd includes purchased this 'Outstanding Corporate Sports Initiative' honour from the actual Federation regarding Indian Chamber involving Commerce in addition to Industry.

2003

MRF and also Bridgestone are placed best with a tie up to the subsequent season in a row around customer fulfillment with original endeavors in respect that will JD Power Asia Pacific.

Shri K.M. Mammen Mappillai, Chairman and Managing Director run out on March 2nd.

Mr.C.D Khanna has ceased to be the actual Director with the company. And Mr. K S Narayanan features reconciled from your aboard of MRF.

Mr.N Kumar and Mr Ranjit Issac Jesudasen are actually employed because the company directors in the company.

Mr K S Narayanan stopped to become director on the Company with consequence from April 17, 2003, major to his resignation from the Board of

Directors.

Mrf Ltd. possesses up to date the particular Exchange which at it's interacting with presented on December 19, 2003 the BOD include re-designated Jt. Managing Director

Mr. Arun Mammen as Managing Director regarding the Company w.e.f April 1, 2004.

2004

MRF Ltd. features informed that Mr Ravi Mannath includes happen to be appointed when Additional Company Secretary on the Company w.e.f. January 5, 2004.

MRF gotten that largest ratings from the analyze inside some of the five factors finding out total fulfillment by using tyres appearance,

durability, traction as well as handling.

MRF Tyres will be most important client regarding natural rubberized throughout India during 2002-03

Ties in place by using Maruti Udyog to further improve motorsports throughout India

2007

MRF Ltd starts premiums pickup truck tyre Super Lug 50-FS.

Present

It is likewise included from a range of alternative activities via subsidiaries. Funskool India, a new Joint endeavor concerning Hasbro and MRF, is often a significant toy production company inside the country. MF Pretreads provides first class precured tyre retreading service, and also MRF Muscleflex is needed for making conveyor belts. It is usually as of the moment below the particular control regarding Vinoo Mammen, son from the late K.M. Mammen Mappillai.

Other Activities

MRF has been needed for the introduction of cricket through it has the sponsorship associated with many cricketers and MRF Pace Foundation. At one point of time, MRF appeared to be the bat bring in associated with world-class batsmen as well as Brian Lara, Sachin Tendulkar, and also Australian captain Steve Waugh.

After Waugh's in addition to Lara's pensionable out of global cricket, upon independence day September 2009, MRF's 2 year contract by using Sachin Tendulkar also expired. Sachin at this point makes use of Adidas bats, and also MRF tend to be currently sponsoring Gautam Gambhir along with Rohit Sharma two other customers in the Indian cricket team.

External links

Official site connected with MRF Tyres

Cricket Bats

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