The success story of MRF Tyres, a trusted brand since independence

English india-untold Nov 02 2023 Author: Ishwi Singh Image Credits:Facebook

Launching the business

English KM Mammen Mappillai was the first Indian entrepreneur. In 1946, he started making balloons under a makeshift shed in Tiruvottiyur, Madras. Image credits: Getty

The company's value

English Back then, Madras Rubber Factory's shares created a stir in the markets. The company’s stock soared to Rs 1 lakh. Image credits: Getty

In 1952, KM Mammen Mappillai established the foundation of MRF Tyres.

English Image credits: Video grab & Getty

MRF emerged as the dominant market leader in the Indian rubber trade.

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Rubber Research Centre

English Former Prime Minister JL Nehru laid the foundation of Rubber Research Centre. Image credits: Getty

The first overseas office was established in Beirut in 1964.

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MRF began exporting tyres to the Unites States.

English Image credits: Autocar

New manufacturing plants were set up in 1970, 1971, and 1972.

English Image credits: Finpedia

MRF was included in Forbes’ list of the Top 50 Best Indian Companies.

English Image credits: ATMA

MRF’s journey began with an initial funding of Rs 14,000.

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The market capitalization of MRF is more than Rs 33,000 crore.

English Image credits: Getty

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