MRF Ltd. – Benchmark for the Indian Tyre Market
MRF Ltd. has been India’s most important tyre manufacturer since the industry’s earliest days in the subcontinent. The company was founded in the city of Chennai, previously known as Madras – hence the abbreviation MRF, which is short for “Madras Rubber Factory”. Today the manufacturer can proudly look back at its 60 years of history, and also show pride in its current annual turnover of 42.5 billion rupees (£486 million). According to analysts, MRF today holds a 24 per cent slice of the Indian tyre market and is also very active in export business as well as motorsports. Company sources state that MRF currently exports its products to 75 countries.