Rubber farmers to get free rain guard
Tyre manufacturer MRF Limited will provide free rain guarding materials to about 7,500 rubber farmers in Chikkamagaluru, Kodagu, Udupi and Mangaluru.
MRF Tyres was established in the year 1946. The company has its headquarters in Chennai. The company's actual name is Madras Rubber Factor Limited but they are known by their abbreviation i.e. MRF. The company is a multinational company and is also the largest manufacturer of tyres in the country. They are also the fourteenth largest manufacturer across the globe. The product portfolio of the company include: tyres, treads, tubes and conveyor belts, paints and toys. The company has manufacturing plants at Kerela, Puduchery, Arakonam, Tamil Nadu and Telangana. The company supplies their products to more than 65 countries and has a dealer network of more than 3,000 dealers. The company built its first Formula 3 car in the year 1997. The company in collaboration with Maruti established the Formula Maruti racing, open wheel class motorsport racing event for racing cars in the country. The company also operates MRF Rire Tok, MRF Musclezone, and MRF Tyredrome shops that deliver tires, tubes, robotic wheel alignment, diagnostic wheel balancing, tire changing, nitrogen filling and AC recovery and recharging services. The design process at the company starts from the customer itself as the company believes in taking inputs from the individual customers as the company compiles by marketing. The company now works on converting their customer input into a designing concept. They use cutting- edge technologies in predictive testing and design validation before they leave the drawing board. The company sponsors moored balloons that floats above the cricket ground with HD cameras that record the live actions of the cricket match. The company joins as a global partner of ICC for 2015 world cup. They have also sponsored for many of the cricketers. Sachin Tendulkar, Brian Lara and Steve Waugh have endorsed for the company's products. They have also sponsored Indian batsmen Rohit Sharma and Gautam Gambhir. They are currently sponsoring batsmen Shikhar Dhawan and Virat Kohli. The company has business apart from the automotive sector too. The company is involved in manufacturing toys in collaboration with Hasbro, USA. They created a brand Funskool for kids in the country. The company has also been involved motorsports. They team has its own rally team that participates many championships. The company promotes the national motocross championship. They sponsor major karting championships in the country too.
Tyre manufacturer MRF Limited will provide free rain guarding materials to about 7,500 rubber farmers in Chikkamagaluru, Kodagu, Udupi and Mangaluru.
The scrip declined by 4.02 per cent to settle at Rs 66,395.10 on the BSE. Intra-day, the stock dived 5.48 per cent to Rs 65,378.90.
The NSE Nifty Auto was trading 0.29 per cent up at 10,974.3 at around the same time.
While trade are optimistic on the prospects of paint and tyre Cos, they are bearish on aviation stocks.
Current MD Arun Mammen, brother of KM Mammen, has been reappointed vice chairman and MD. The new MD has already had a nearly 14-year stint in various important roles in the company. He joined the company’s board as whole time director seven years ago when he was vice-president, corporate planning and development. Before that he worked in various departments of the company including project execution, production, finance and planning.
In the third quarter, the firm's total expenses rose to Rs 3,120.92 crore from Rs 2,953.28 crore in the corresponding period last fiscal.
“The increase in crude oil prices has proven to be a double whammy for tyre and paint companies. Their volumes were anyway under pressure due to demonetisation."
Commercial vehicles side has shown a little bit of negative pressure, while the first quarter was good growth second quarter because of the monsoon season is generally a low sale quarter for us and internationally we have grown quite well over the last year.
The company had posted a net profit of Rs 449.92 crore in the July-September quarter a year ago, MRF said in a BSE filing.
MRF Rally De North is a round of the FMSCI Indian National Rally Championship (INRC) and Indian Rally Championship (IRC) 2016 held at Gurgaon.
The scrip on Wednesday soared 7.29 per cent to hit a high of Rs 50,000 before retreating a bit. The scrip eventually closed the day at Rs 49,989, up 7.27 per cent.
RACING AHEAD Top tyre cos report double-digit margins, consistent earnings growth & dividend payouts, and are expected to continue their performance
BKT will be competing with established two-wheeler tyre makers like MRF and CEAT apart from the new entrants like Apollo Tyres, JK Tyres etc.
The upgrade in the rating reflects the strong business profile of MRF and sustained improvement in the company’s financial performance over the years
MRF has communicated to the state government that it would start the commercial production in 28 months from the date of taking the possession of the land.
Apollo, which is competing neck and neck with MRF in the car and truck tyre space, sees two-wheelers accounting for at least 1.2 million tyres annually by 2018-19.
The account will be handled from Bangalore and Chennai office of the agency.
The investigation arm of CCI is understood to have found five tyre companies — Apollo, MRF, Ceat, JK and Birla — guilty of cartelisation and acting in collusion to control market prices.
Tyre maker MRF today reported 19.98 per cent rise in its standalone net profit at Rs 388.15 crore for the quarter ended December 31, 2015.
The Madras high court has permitted probe into these companies' anti-competitive activities, but barred CCI it from taking any final decision
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Ambika Mammen | Unlock to View | Unlock to View | Additional Director | 23 Apr,2015 |
Cibi Mammen | Unlock to View | Unlock to View | Additional Director | 12 Feb,2015 |
Arun Mammen | Unlock to View | Unlock to View | Managing Director | 01 Apr,2013 |
Meyyappan Meyyappan | Unlock to View | Unlock to View | Director | 25 Jul,2012 |
Jacob Kurian | Unlock to View | Unlock to View | Director | 25 Jul,2012 |
Rahul Mammen Mappillai | Unlock to View | Unlock to View | Wholetime Director | 25 Nov,2010 |
Salim Joseph Thomas | Unlock to View | Unlock to View | Director | 23 Jan,2009 |
Narayanan Kumar | Unlock to View | Unlock to View | Director | 29 Jul,2003 |
Ranjit Jesudasen | Unlock to View | Unlock to View | Director | 29 Jul,2003 |
Vijay Ravindra Kirloskar | Unlock to View | Unlock to View | Director | 02 Nov,2000 |
Vupputur Sridhar | Unlock to View | Unlock to View | Director | 27 Jul,2000 |
Ashok Peter Jacob | Unlock to View | Unlock to View | Director | 26 Oct,1998 |
Kandathil Mammen Mammen | Unlock to View | Unlock to View | Managing Director | 20 Feb,1981 |
Kandathil Cherian Mammen | Unlock to View | Unlock to View | Director | 22 Jan,1975 |
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