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

India Untold Image credits: Facebook

Launching the business

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

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.

Image credits: Video grab & Getty

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

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Rubber Research Centre

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.

MRF began exporting tyres to the Unites States.

Image credits: Autocar

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

Image credits: Finpedia

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

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

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

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