Natural Rubber Dealers
Madras Rubber Factory
History
1946
A young entrepreneur, KM Mammen Mappillai, opened a small toy balloon unit manufacturing in a shed in Tiruvottiyur, Madras (now Chennai).
1949
Although the factory was just a small shed without any type of equipment, a variety of products ranging from latex balloons and plaster-squeak toys to industrial gloves and contraceptives, were produced. During this time, MRF established its first office in 334 Thambu Chetty Street, Madras (now Chennai), Tamil Nadu, India.
1952
MRF ventured in the manufacture of the tread rubber. And with that, the first machine, a rubber factory, was installed at the factory. This step in the manufacture of tread of rubber, which later catapult MRF into a league that few had imagined.
1955
MRF soon became the only unit india property to manufacture than extruded, no flowers and cushion supported by the tread rubber, allowing it to compete with multinationals operating in India at that time.
1956
The quality of manufactured products was so high that by the end of 1956, MRF had become the market leader with a 50% share of the tread rubber in India. So effective was MRF position in the market that the majors had no choice to withdraw from the business of the tread rubber in India.
1960
The company was incorporated as a limited liability company, the 5 November. The company manufacturing automobiles, aircraft, tires and tubes cycle in collaboration with Mansfield Tire & Rubber Co., Mansfield, Ohio, USA The tires are sold under the trade name of Mansfield Tyres (MRF). The company also produces other industrial rubber products, such as tapes conveyors, pipes, etc. He took the whole business of Madras Rubber Factory as a going concern with effect from 16 November, for an amount of Rs 25 lakhs.
1961
The Madras Rubber Factory Private Limited became a public company on April 1, and additional capital was issued to start production automobile tires and tubes in collaboration with Mansfield Tire & Rubber Co., Mansfield, Ohio, USA The company was given permission for Export Mansfield brand tires trade to all global markets except the U.S. and Canada. : 2,49,650 shares allotted without payment in cash. 350 shares subscribed by the signatories of the Memorandum of Association. 2,50,000 shares reserved and allocated directors, etc 5,00,000 shares to the public in April 1961. The balance 2,50,000 shares assigned to employees as payment for the machinery.
1962
The main production plant for tires and tubes were commissioned on 4 December.
1963
Hot Nylon stretch drive of the latest design was commissioned in November.
6,25,000 Right Equity shares offered par in the ratio 1:2.
1964
With the commissioning of main plant in 1964, MRF also made progress in exporting tires. An overseas office in Beirut
(Lebanon) was established to develop the export market, and was among the first efforts in India. This year also marked the birth of the now famous MRF Muscleman.
1967
MRF became the first Indian company to export to the U.S. tire – The very cradle of tire technology.
1970
In March, 5,62,500 bonus shares issued in the ratio 3:10.
1973
MRF scored a breakthrough by being among the first in India to manufacture and market nylon tires.
1975
During September, issued 12,18,714 bonus shares in 1:2 ratio. (Only 12,18,689 shares recovered).
1978
The company ended technical know-how together with BF Goodrich Co., USA, which entered fully into the beginning of 1980-81.
This agreement was renewed for another five years.
1979
Mansfield Tire & Rubber Co., USA offered for sale outside of their participation 3,74,250 No. of equity shares of 10 rupees each of the Company
a premium of R 4 each as follows: 3,63,786 shares as rights to existing shareholders in proportion 1:8 and 10,464 shares to employees of the Company.
1980
The company crossed several milestones in its history. Entered into collaboration technical BF Goodrich Tire Co., USA in the year.
The name of the company, the Madras Rubber Factory Ltd. was changed to MRF Ltd in the year.
1981
Mansfield Tire & Rubber Co. of USA, which provides for the participation of its balance of 3,55,537 No. of equity shares of Rs 10 each in the
Company at a premium of RS 4 per share as follows: 3,29,587 shares to existing shareholders resident in India and non-resident Indian shareholders (on non-repatriation base) in proportion 1:10 and 25,950 shares to Indian employees, business partners and distributors of the Company.
2,00,000 No. of equity shares allotted in February 1982 to IFCI at a premium of Rs 5 per share on conversion of loans.
1983
The company concluded a partnership agreement technique with M / s. TRS Marangoni SPA, Italy for the supply of skills for
manufacture of pre-curing the tread rubber for retreading industry.
1984
Sales crossed INR two billion. MRF tires tires were first selected for the furniture in the Suzuki Maruti 800 – India's first
modern small car.
1985
A letter of intent was obtained for the manufacture of conveyor Beltings and hoses Industiral in collaboration with Pirelli SPA
Italy. Plans were also on hand to go into a joint venture with BF Goodrich Tires aero & Co., for retreading and then for the manufacture of aircraft tires.
1986
The Company issued 15% convertible debt securities of Rs 100 each (Series II) to Rs 8 Croes as the rights of existing shareholders to raise funds for the modernization of the Company. Under cumulative interest payment scheme, these bonds are redeemable in 3 annual
shares of Rs 35 each from May 8, 1993 with a premium of 5% in the first tranche. Under the regime of non-cumulative interest payments, bonds are redeemable in five equal annual installments of Rs 20 each comencing of May 8, 1991, at a premium of 5% be paid on May 8, 1993.
1987
(18 months), the Company was authorized MRTP and a letter of intent to manufacture pre-cured tread rubber band up to 6,000
tons per year using indigenous technology developed by the Company. settlement MRTP was also obtained for the creation of a new plant at Tada in Andhra Pradesh to manufacrure 1.5 million the number of tires and tubes a year.
The Company entered into a collaboration agreement with Vapocure of Austraia for the manufacture of polyurethane paint formulations that can be
quickly cured at room temperature and also helps in the manufacture of safety glass. The plant with an installed capacity of 10,000 tons per year are being installed in Gummidipoondi in Tamil Nadu.
"Funskool (India) Ltd. and investment" Glass & Finance Co. Ltd. became subsidiaries of the Company. Funskool (India) Ltd.
was promoted in collaboration with Hasbro International, USA, the world's largest toy manufacturers.
1988
The MRF pace foundation was created, with international pace bowler, Dennis Lillee as its director. Not long thereafter, pace bowlers
formed in the Foundation were selected for Team India's Cricket.
1989
The company was identified as `'Star Exporter, a status that allows the company for priority treatment in several areas in question
with the customs, RBI, etc.
Aero Tire Division BF Goodrich Co., USA passed into the hands of Michelin Cie of France.
Government approved the technical collaboration with Uniroyal Goodrich Tire Co., USA, a subsidiary Michelin Cie, France
to provide the latest technology to bias and radial tires for airplanes in a period of 5 years.
1990
The hides and Aruna Exports Ltd. merged with
Company. According to the share of equity in a system of 10 rupees each MRF Ltd. was awarded 10,000 shares of Rs 10 each fully paid up held in allele. Accordingly, 25 shares of capital went to the old sharehodleres allele.
The company introduced `Vapocure colors on the market.
(6 months), the Company privately placed 15,00,000 – 14% bonds, no convertible Rs 100 each (Series III). Obligations
is redeemable – at a premium of 5% in three annual installments of Rs 35 each from July 31, 1997.
The company's private placement 10,00,000 SBI Mutual Fund – Bonds 14% (IV) which can be redeemed at a premium of 5%
June 26, 1998.
During the year 5,00,000 – bonds 14% private placement also the infrastructure Leasing & Financial Services, Ltd. These
Bonds can be redeemable in three annual installments at a premium of 5% as of July 23, 1997.
1991
The company promoted a new company viz. MRF International, Ltd., given the enormous growth potential in the export market.
3,85,000 number of equity shares issued to (Prem 242 rupees per share) to the foreign collaborators M / s. Services trade in Asia, Hong Kong.
1992
The Company has formed a new company, viz., MRF International Limited and the Company has received the certificate of commencement of
business.
1993
KM Mammen Mappillai was awarded the National Prize Padmashri recognition of his contribution to the industry – the only industrial
from southern India to be given this honor. MRF also became the first tire company in India to cross the INR 10000000000 mark. The company was chosen by the Far Eastern Economic Review as one of the top ten corporate groups in India and a leader in Asia, and the readers of A & M as one of India's most admired companies in Marketing.
1995
The Company has received the Top Export Award for the year of the All India Rubber Industries Association.
1996
The company has received an award from CAPEXIL – Certificate of Merit based on the export performance for the year.
The Far Eastern Economic Review was MRF presented the Award for the fourth consecutive year in recognition of excellence.
1997
MRF Ltd has assigned a rating of "PR1 + (Superior) of the proposal document of Rs 100 crore business (CP) credit program
Analysis and Research Ltd (CARE).
MRF is the creation of a new plant in Pondicherry for the production of radial tires.
The company set up plant in Chennai Arakonam to produce bicycle tires and tubes.
MRF began manufacture of tires and tubes in technical collaboration with Mansfield Tire and Rubber Company, USA.
MRF has launched Nylogrip Zapper, a high performance tire for motorcycles of new generation.
The company linked to Uniroyal Goodrich Tire Co. USA, a subsidiary of French giant Michelin tires, which held 9.8 percent
stake in the company.
1998
MRF Tyres has signed a OEM (original equipment manufacturer) alliance with other Honda Siel and Hindustan Motors.
MRF has launched a market sampling Zigma MRF operation.
1999
MRF Ltd has decided to set up more clinics and in the northern and western cities.
The company has entered into agreements with the knowledge, Custodians. National Securities Depository Ltd. [your password] and Central Depository
Services (India) Ltd.
Airia greater recognition was granted export in recognition of our outstanding export performance in the field of automobile tires and tubes for
year.
2000
The company has established a shop in Dubai to target markets in the UAE as part of its drive to export.
MRF has launched a option premium steel-belted radial tire called MRF ZVTS.
2002
MRF was ranked highest in customer satisfaction along with multinational Bridgestone
in a study by JD Power Asia Pacific.
MRF Tyres Ltd sees drop in car tire market trade and the growth of passenger cars has decreased.
Superior Court dismissed the lawsuit filed by MRF Employees Union resort order
of the dismissal of a worker who was secretary of the union.
Advertising Standard Council of India set aside the objection raised by the MRF defense claim by JK Industries to be India's number one tire manufacturer in the segment of four-wheeled vehicle.
MRF Ltd has won the 'Best Sports Business Initiative' Federation of India Chamber of Commerce and Industry.
2003
MRF and Bridgestone are the most ranked highest in a tie for second consecutive year in customer satisfaction with the original question according to JD Power Asia Pacific.
Shri KM Mammen Mappillai, President and CEO expired on 02 March.
Mr.CD Khanna has ceased to be the director of the company. And Mr. KS Narayanan, has resigned from the board of MRF.
Mr.N Kumar and Mr Ranjit Issac Jesudas have been appointed as directors of the company.
Mr. KS Narayanan has ceased to be director of the Company from 17 April 2003, following his resignation from the Board
Directors.
Mc Ltd. has informed the Exchange that at its meeting held on 19 December 2003 BOD has been re-appointed Jt. Director General
Mr Arun Mammen as Managing Director of the Company WEF 1 April 2004.
2004
MRF Ltd. has informed that Mr. Ravi Mannath has been appointed Deputy Secretary of the company CEO's of the company January 5, 2004.
MRF received the highest ranking in study in four of the five factors that determine overall satisfaction with the appearance tires
durability, traction and handling.
MRF Tyres is the largest consumer of Natural Rubber in India during 2002-03
Ties with Maruti Udyog to boost motorsports in India
2007
MRF Ltd launches premium Super Lug Truck Tires 50 FS.
Present
He is also involved in a range of other activities through subsidiaries. Funskool India, a joint venture between MRF and Hasbro is a toy manufacturing company in the country. MF offers world-class Pretreads precured retreading services, and Muscleflex MRF is involved in the manufacture of conveyor belts. It is currently under the direction of Vinoo Mammen, son of the late KM Mammen Mappillai.
Other activities
MRF has been involved in the development of cricket through its sponsorship of many cricketers and the MRF pace foundation. At one point in time, MRF was the bat sponsor of world-class batsmen including Brian Lara, Sachin Tendulkar and Australian captain Steve Waugh.
After Waugh and Lara's retirement from international cricket, the September 4, 2009, MRF contract also expired with Sachin Tendulkar. Sachin now uses bats Adidas, and MRF are currently sponsoring and Rohit Sharma, Gautam Gambhir, two other members of India's cricket team.
External Links
Official website of tires MRF
Cricket Bats
Categories: Economy of Chennai | Companies of India | Companies based in ChennaiHidden categories: Articles that require cleaning from May 2009 | All pages needing cleanup About the Author
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