What we do M M Rubber Co Ltd manufactures and sells Latex Foam Rubber products like mattresses, pillows, and cushions under the 'MM Foam' brand for sleep, upholstery, and transport sectors. |
Founded in 1,964 |
Market share Recognized brand in foam and furnishing segments with strong presence in India; facing competition from unorganized and global players. |
Problem solved Provides comfortable, durable foam rubber products to meet demands of sleep, transport, and upholstery markets with innovations in latex technology. |
Top clients or who we serve Serves B2B and B2C sectors including automobile, two wheeler industries, furniture, and mattress retail markets across India. |
Key management Roy Mammen (Managing Director), M M Kushalappa (Chief Financial Officer), Meenakshi R (Company Secretary). |
Our journey and innovations First in India to introduce bi-axially oriented polypropylene film; innovated powder-free medical gloves; launched memory mattresses and specialty cushioning products. |
Where we operate Operations centralized in Ranipet, India; sales primarily domestic with ongoing expansion efforts. |
Top products or what we offer Latex foam mattresses, pillows, cushions under 'MM Foam'; coir mattresses; automotive seats and cushions; BOPP films. |
Top brands MM Foam: trusted foam rubber products brand in India with pan-India dealer network and over 50 years of legacy. |
Raw materials needed Latex rubber is key raw material along with polypropylene for films and foams. |
Raw materials supplier Suppliers mainly local and regional latex producers and polymer providers. |
Recurring vs cyclical contribution Revenue mostly cyclical with fluctuations based on raw material pricing and market demand. |
Our industry position Well-established in Indian foam rubber market but challenged by new entrants and price-sensitive competition. |
Financial highlights FY 2024-25 revenue ₹40.99 crore; net loss ₹3.68 crore due to rising raw material costs and competitive pricing pressure. |
Geographical revenue split - |
Order book - |
Whats driving growth Innovations in automotive cushioning and tie-ups with automobile and tyre manufacturers; focus on new product lines beyond mattresses. |
Our future plans Exploring new business avenues in automotive and industrial sectors; expanding R&D efforts to enhance product portfolio. |
Our green promise - |
Our people and values Employee base includes 77 staff promoting workplace diversity and adherence to ethical policies; zero tolerance for harassment. |
Key challenges ahead Market competition from unorganized and global players, rising raw material costs, and low pricing power impacting profitability. |
Interesting facts Pioneer in India for bi-axially oriented polypropylene film and powder-free medical gloves. |
Risks and strategy Mitigating raw material price volatility and competition via product innovation and exploring diversified industrial segments. |
