Madras Rubber Factory (MRF)
Madras Rubber Factory (MRF) is an Indian Multinational tyre manufacturing company and the largest manufacturer of tyres in India, also the sixth largest manufacturer in the world. MRF is established in 1946 by It is headquartered in Chennai, Tamil Nadu, India. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF also runs the MRF Pace Foundation, Chennai and MRF Challenge in motorsport.
MRF manufactures various types of tyres for passenger cars, two–wheelers, trucks, buses, tractors, light commercial vehicles, off–the–road tyres and aero plane tyres, MRF ZVTS and MRF Wanderers for cars and SUVs, MRF Meteor all terrain tyres, MRF Steel Muscle for trucks and buses.
Main CSR focus of MRF is on Poverty alleviation, Promotion of education, training to promote nationally recognised sports (including cricket), Livelihood enhancement including driver training, promoting health care including preventive health care and sanitation, Rural development and Environment sustainability and conserving natural resources, Providing drinking water and Disaster Management.
Covid-19 Response
MRF Limited has committed to spend a sum of Rs.25 crores to support various initiatives of the COVID pandemic.
The support would be in the form of contribution to the PM Cares Fund at the Central level and support to various State Governments where the Company’s factories are located and also direct district level projects undertaken to provide relief in various forms including providing medicines, personal protective equipment for medical and relief personnel and also weaker sections of society, sanitisation of areas, distribution of essentials to migrant labour and local community to ensure better access to food and nutrition for the underprivileged sections of the society that is affected in the current situation.
Their shareholding pattern consists of Promoters and Promoter Group having 27.82% of shares, Public having 44.46% shares, following by FII’s having 14.07% shares and DII’s with 13.65% shares.
