MRF Ltd
NSE: MRF BSE: 500290
₹117985
+295.00 (0.25%)
Fri, 06 Nov 2026, 08:54 pm
Market Cap (in Cr)49906.44
PE Ratio20.72
Dividend0.20
Consumer Durables
Automotive Aftermarket
24.5KMRF Ltd Company History
1946
- K. M. Mammen Mappillai opened toy balloon manufacturing unit in Tiruvottiyur, Madras.
1949
- Produced balloons, toys, gloves, contraceptives; established first office at 334 Thambu Chetty Street, Madras.
1952
- Ventured into tread rubber manufacture; installed first rubber mill.
1955
- Only Indian-owned unit manufacturing superior extruded tread-rubber.
1956
- Became market leader with 50% tread-rubber market share; MNCs withdrew.
1960
- Incorporated as private limited company on November 5.
- Entered tyre manufacture collaboration with Mansfield Tire & Rubber Co.; took over Madras Rubber Factory.
1961
- Converted to public company on April 1.
- Issued shares and allotted to public, directors, collaborators.
- Received permission to export Mansfield tyres.
1962
- Commissioned main plant for tyres and tubes on December 4.
1963
- Commissioned Nylon Hot-Stretch Unit.
- Offered 625,000 right equity shares in 1:2 proportion.
1964
- Commissioned main plant; established Beirut export office; introduced MRF Muscleman.
1967
- First Indian company to export tyres to USA.
1970
- Issued 562,500 bonus equity shares in 3:10 proportion.
1973
- First in India to manufacture and market Nylon tyres.
1975
- Issued 1,218,714 bonus shares in 1:2 proportion.
1978
- Finalised technical know-how collaboration with B.F. Goodrich.
1979
- Mansfield offered 374,250 equity shares for sale.
1980
- Entered technical collaboration with B.F. Goodrich Tire Co., USA.
- Changed name to MRF Ltd.
1981
- Mansfield offered 355,537 equity shares for sale.
- Allotted 200,000 equity shares to IFCI on loan conversion.
1983
- Finalised collaboration with Marangoni TRS SPA for pre-cured tread rubber.
1984
- Sales crossed INR two billion.
- Tyres selected for fitment on Maruti Suzuki 800.
1985
- Obtained letter of intent for conveyor beltings and hoses with Pirelli Italy.
- Planned JV with B.F. Goodrich aero tyre division.
1986
- Issued 15% non-convertible debentures (II Series) for Rs 8 crore.
1987
- Obtained MRTP clearance for pre-cured tread rubber and Tada plant.
- Entered collaboration with Vapocure Australia for polyurethane paint.
- Funskool (India) Ltd. and Crystal Investment became subsidiaries.
1988
- Set up MRF Pace Foundation with Dennis Lillee as Director.
1989
- Identified as Star Exporter.
- Government approved collaboration with Uniroyal Goodrich for aircraft tyres.
1990
- Amalgamated Aruna Leathers & Exports Ltd.; allotted 25 equity shares.
- Introduced Vapocure colours.
- Privately placed 14% non-convertible debentures (III, IV Series).
1991
- Promoted MRF International Ltd.
- Issued 385,000 equity shares to Asia Trading Services, Hongkong.
1992
- Formed MRF International Limited; received commencement certificate.
1993
- K. M. Mammen Mappillai awarded Padmashri.
- First tyre company to cross INR 10 billion turnover.
- Voted one of ten leading Corporate Groups in India by Far Eastern Economic Review.
1995
- Received Top Export Award from All India Rubber Industries Association.
1996
- Received CAPEXIL Certificate of Merit for exports.
- Received Far Eastern Economic Review Award for fourth year.
1997
- Assigned PR1+ credit rating for Rs 100 crore CP programme by CARE.
- Setting up new radial tyre plant in Pondicherry.
- Set up Arakonam plant for bicycle tyres and tubes.
- Launched Nylogrip Zapper tyre.
- Tied up with Uniroyal Goodrich Tire Co., USA.
1998
- Signed OEM alliance with Siel Honda Motors and Hindustan Motors.
- Launched market sampling for MRF Zigma.
1999
- Entered agreements with NSDL and CDSL depositories.
- Received AIRIA Highest Export Award for Auto Tyres & Tubes.
2000
- Set up shop in Dubai for UAE markets.
- Launched steel-belted premium radial tyre MRF ZVTS.
2001
- MRF Rally Team won APRC rally.
2002
- Ranked highest in customer satisfaction with Bridgestone per J.D. Power.
- High Court dismissed writ petition by MRF Employees Union.
- Received 'Outstanding Corporate Sports Initiative' award from FICCI.
2003
- MRF and Bridgestone ranked highest in J.D. Power customer satisfaction.
- K.M. Mammen Mappillai, Chairman and MD, passed away on March 2.
- Appointed N. Kumar and Ranjit Issac Jesudasen as Directors.
- Re-designated Arun Mammen as Managing Director effective April 1, 2004.
2004
- Appointed Ravi Mannath as Additional Company Secretary.
- Received highest J.D. Power rankings for tyre appearance, durability, traction, handling.
- Biggest consumer of natural rubber in India during 2002-03.
- Tied up with Maruti Udyog to boost motorsports.
2005
- Won third APRC rally.
2007
- Launched premium truck tyre Super Lug 50-FS.
- Won J.D. Power Award.
- Launched ZSLK Tyres.
2008
- Won J.D. Power award for 6th time.
2009
- Appointed Sanjay Sharad Vaidya as Director.
- Appointed Dr. Salim Joseph Thomas as Additional Director.
2010
- Commenced work on new 300-acre plant in Tiruchi.
- Ranked highest in J.D. Power Asia Pacific India Original Equipment Tyre Satisfaction Index.
2012
- Appointed Jacob Kurian and M. Meyyappan as Additional Directors.
- Recommended final dividend of Rs. 19 per share.
2014
- Awarded for outstanding performance in Original Equipment Tire Satisfaction.
- Signed historic five-year agreement with BCCI.
- Announced association as Global Partner for ICC Cricket World Cup 2015.
- Ranked highest in overall customer satisfaction for 5th consecutive year per J.D. Power Asia Pacific.
2015
- Signed MoU with Tamil Nadu Government to invest 4500 crore.
- Signed AB de Villiers as brand ambassador.
- Included in Forbes India's Super 50 list of companies.
2016
- Won J.D. Power Award for record 12th time in 16 years.
- Signed historic five-year agreement with BCCI.
2017
- Signed MoU to set up plant in Gujarat.
2018
- Tractor tyres rated No.1 in J.D. Power customer satisfaction index.
- Car/SUV tyres ranked highest in customer satisfaction (13th win).
- Named most awarded car tyre in 2018 J.D. Power India Study.
2019
- Ranked highest in Tractor Tyre Customer Satisfaction.
- Introduced Nylogrip Ezeeride tyre for motorcycles.
2023
- Launched Steel Brace Radial Tyres for high-end bikes.
- Received 2023 Brand Finance Awards: Most Valuable Indian Tyre Brand, Second Strongest Tyre Brand globally, Top 10 for Sustainability.
