Skip to main content

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.
Labels:

Popular posts from this blog

Dear ECI, sorry I could not cast my vote, but wish for brighter India

Dear Election Commission of India (ECI) first let me apologise that I could not utilize my vote, my only right to define the future of the largest democracy on the earth, in 2014 Indian elections. I am sorry all the Telugu people for not being part of a mission called divisive forces’ eradication. I am sorry all Indians that I could not walk along with you to oust the ancestry politicians. I feel ashamed that I did not vote against a scamster worth of more than Rs. 5,000 crores. I curse myself for not helping a good administrator, who raised the bar of Andhra Pradesh in international circles, to come over the odds. I am crying deeply for not showing the Italian woman, who screwed up my state, her original ground, my foot. In addition, I stand helpless to extend my hand for development spearheaded Modi government.  Why couldn’t I cast my vote? Enough with apologies. Dear ECI, I would also like you to know the reason behind my failure in defining my future. Though it so...
Read more

Planning for a career change? Here is a constructive approach or career change advice.

An article published on  www.huffingtonpost.com  on Jul 1, 2013, based on a survey, stated that almost 80 percent of employees in their 20s want to change their careers, and the percentage is less than that of workers in their 30s and 40s. That read it could be guessed that a very small percentage of the younger lot were firm in their career plans while others were not aware of what they wanted to be and thus ended up changing their careers. Shoot up to the present , the situation is not so different . With day-to-day technology up-gradation and the increase in required skills to cope with industry downturn , employees feel the same insecurity to continue with their current career . Without focusing much on their freedom to think so, what we advise them to follow is a constructive approach while planning for a career change to avoid future job inconsistencies. Our career change advice: Assess The reasons could be many while opting for a career change. Neverthele...
Read more