What we do MRF Ltd is India's largest tyre manufacturer, producing a wide range from two-wheeler to aircraft tyres with advanced facilities across India. |
Founded in 1,946 |
Market share Top Indian tyre maker and among world's top 20; market leader in several tyre segments including passenger and commercial vehicles. |
Problem solved Provides durable, high-performance tyres addressing mobility needs from daily vehicles to luxury and industrial transport. |
Top clients or who we serve Serving B2B and B2C customers including OEMs, aftermarket, commercial fleets, farm equipment, and international markets. |
Key management K M Mammen serves as Chairman and Managing Director with a legacy founding family leadership. |
Our journey and innovations From a toy balloon unit in 1946 to jet fighter tyres, key milestones include early exports, technical tie-ups, and premium product launches. |
Where we operate Manufacturing in India; exports worldwide with subsidiaries in Sri Lanka, Singapore, and global markets. |
Top products or what we offer Automobile tyres and tubes for two-wheelers, cars, trucks, tractors, and specialty coatings. |
Top brands MRF Meteor (bike tyres), MRF Steel Muscle (truck radials), MRF Perfinza (premium car tyres), MRF Markus (luxury SUVs), Savari series (commercial vehicles). |
Raw materials needed Rubber, carbon black, synthetic compounds, textiles, steel wires. |
Raw materials supplier Sourced from global and domestic suppliers, including specialty chemical firms. |
Recurring vs cyclical contribution Primarily recurring revenue from tyre sales; cyclicality tied to automotive industry demand. |
Our industry position Leading Indian tyre manufacturer with strong brand equity and extensive distribution network. |
Financial highlights Revenue ₹28,153 crore; Profit ₹1,869 crore (FY 23-24); 9.5% revenue growth; strong margin improvement. |
Geographical revenue split India contributes ~91% of revenue; exports and international operations contribute ~9%. |
Order book Not publicly disclosed; production capacity increased to over 31 million tyres annually. |
Whats driving growth Brand strength, product innovation, expansion into premium and export markets, and efficiency gains. |
Our future plans Invest ₹4,500 crore in new and expanded plants; launch innovative low-noise and high-performance tyres. |
Our green promise Focused on sustainability through efficient energy use, waste reduction, and eco-friendly manufacturing. |
Our people and values Strong employee base with emphasis on ethics, safety, skill development, and inclusive culture. |
Key challenges ahead Raw material price volatility, global supply chain risks, and competitive pressure from domestic and international players. |
Interesting facts First Indian tyre company to export to USA; 75 years legacy with continuous innovation. |
Risks and strategy Mitigates raw material risks via procurement strategy; focuses on R&D and market diversification. |
