Madras Rubber Factory Limited Overview
Pro stress-test →MRF is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF is ranked amongst the top 20 Global Manufacturers with 10 state-of-the-art factories across India.
Strategic Profile
Pro stress-test →MRF was named the world's second-strongest tyre brand by Brand Finance, with a AAA− brand grade. The company operates more than 5,500 dealers across India, ensuring extensive market penetration. MRF is also active in cricket and motorsports endorsements; it runs the MRF Pace Foundation and MRF Institute of Driver Development (MIDD) in Chennai.
Competitive Landscape
Pro stress-test →MRF's top competitors in the Auto sector include Balkrishna Industries, Apollo Tyres, and CEAT. Competition from Apollo Tyres and CEAT may further reduce MRF's market share.
Industry Context
Madras Rubber Factory Limited operates in Automotive Tyres & Rubber Products Manufacturing.
Key facts
Founded: 1946 · Headquarters: Chennai, India · Employees: 10,000+ · Revenue: ₹5,480 crore (Q1 FY2024) · Market cap: ₹63,662 crore (~$7.6B USD)