MRF - The first Indian tyre manufacturer to corss Rs. 10,000 Crore turnover

MRF sculpted logo

MRF (formerly Madras Rubber Factory, at present Manorama Rubber Factory), has crossed Rs. 10, 000 Crore turnover becoming the first Indian Tyre manufacturer to achieve the well deserved milepost. The growth in the revenues are evidenced through the recent press release by the biggest vehicle Tyre manufacturer from India.

Addressing to the press conference on Monday in Chennai, the Chairman and Managing Director of MRF, K.M Mammen has announced the company has crossed Rs. 10,000 Crore turnover comfortably yet facing the challenging 2010. According to the press release, MRF has seen 30% more compared to the last year's.

In 2010, MRF has registered it's net worth as Rs. 8,080 Crores which now has been increased to Rs. 10,000 Crore for 2011.

Exulting over the achievement, the MRF Chairperson, Mr. Mammen has said the revenue is a good mix from original equipment manufacturers who have given 20 percent along with exports of 10 percent and 70 percent from replacement market.

Bestowing credit to well done bottom line of MRF, the panel has affirmed a combination of factors such as inverted import duty structure on natural rubber, low import duty on finished tyres helped the Madras based tyre manufacturer achieve Rs. 10,000 Crore milestone. However, from the press conference on Monday, it has been surfaced that MRF is eyeing on overseas acquisition of plantation business as a part of look around the world for opportunities.

Well, all set and done, the 62 year old Indian tyre manufacturer reaching Rs. 10,000 Crore milestone is somehow posing the future rubber (especially tyres) industry in India will stretch it's corridors.

120 year old Mumbai Dabbawala culture jolts cause of Anna Hazare anti corruption movement

Mumbai Dabbawala's on strike and happy to support Anna Hazare fasting

If it's Mumbai, the first thing we obviously get on our mind is Mumbai Dabbawala but after the much famous 'Vada pav', a delicious Indian snack. Today, on Friday 19th August 2011, the hereditary has broken. Making their stand proven for Anna Hazare, the Mumbai Dabbawala's after 120 years of long lasting work, have halted their service of quality food at very nominal price to numerous Mumbaikars.

It's obvious to think twice while you are leaving your work after a long gap. But nothing seems that sort has affected Mumbai Dabbawalas' confronting the challenge and indeed the responsibility to support Mr. Anna Hazare, a social activist who made his stand proved for indefinite fast following Gandhian ways of protesting.

It's shocking to hear Mumbai Dabbawala's have stopped working after 120 year's of long standing work. It has been proved they are with less than 1 percent of mistake in 6 million carriages to sere the hunger pangers of many Mumbaikars.

Serving nearly 2.5 lakh Mumbai citizens, the Mumbai Dabbawala's have shown their sincerity to work for almost a century and more than that. But, Mr. Anna Hazare's movement against anti corruption has halted the long standing sincerity of Mumbai Dabbawala's with the strike on Friday, making it a perfect occasion to support Anna Hazare's 15 day's proposed fast started at Ramlila Grounds on Friday.

We Salute, Mumbai Dabbawala's working culture and at the same time patriotism in supporting Mr. Anna Hazare's anti corruption movement supporting to issue Jan Lokpal Bill in the parliament.