Balloon making company becomes billion dollar company

New Delhi:

Would anyone believe that a balloon seller has set up a company worth Rs 16,000 crore or more than $2 billion.

In 2021, the company's worth was estimated to be more than 22000 crores.

At present, one share of the company is worth about Rs.84,000.

Why did a balloon seller build a company worth more than two billion dollars?

Today with this company Virat Kohli, Sachin Tendulkar, Rohit Sharma, Brian Lara, Gautam Gambhir, Sanju Samson, Shikhar Dhawan ( Many big personalities like Shikhar Dhawan), Prithvi Shaw, AB de Villiers etc. are associated.

Along with this, many Bollywood stars have also campaigned for the company.

In its segment, this company is doing business with a big share with great respect and the company has a lot of respect in the eyes of the people. 

This is the story of MRF

The name of this company established in Chennai, Tamil Nadu is very common.

mrf

.

must have heard the name.

Full Name

Madras Rubber Factory Madras Rubber Factory

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Apart from tyres, the company manufactures treads, tubes, conveyor belts, paints and toys.

The Madras Rubber Factory was started in 1946 as a balloon manufacturing factory.

This factory was started in Thiruvottiyur.

That is, the manufacture of balloons was started here and it was started selling from there itself.

This company was started by making toy balloons.

While Thiruvittoyur, which was later renamed Madras, the company started making trade rubber in 1952.

The company was facing difficulties in making tyres, so KM Mammen Mappillai, who founded the company, joined hands with a foreign company in 1960 by forming a company named Madras Rubber Factory Limited.

This foreign company was Mansfield Tire and Rubber Company.

It was a company from Ohio, USA. 

The company got the love of the people

The company got the love of the people and the product was appreciated.

The company gained a lot of foothold in India and on 1 April 1961, the company opened an office in Beirut, Lebanon so that the company could focus on exports.

After this, in 1964, the company's current Muscleman logo was created, which established the company's product more deeply in the market.

The company made so much progress in two-three years that in 1967 MRF became the first company to export tires to America. 

Focus on technology and research

It is certain that any company moves on the path of progress when it makes necessary research and changes in the product from time to time according to the current needs and demands.

In 1973, the company started the production of nylon tires for the first time.

After this the company merged with BF Goodrich in 1978 so that new technology could be implemented in the company.

By this time the MRF Company had progressed so much that this company acquired the Mansfield Tire and Rubber Company.

The merger of this company with MRF Ltd.

Done in

The owners of the company should always be focused on keeping an eye on the better technology coming in the market for continuous progress in the company's product and should include it in their company as much as possible.

Due to this, Marangoni joined hands with TRS for technical cooperation. 

became an international company

After this, in 1989, the company also got a big job of supplying tires for Maruti's cars.

The company had progressed so much that after this the company also took steps in the manufacture of paints and elevator belts with technical cooperation.

Presently 10 production factories are being operated in the company.

Of these, four are in Tamil Nadu, one in Kerala, one in Goa, one in Puducherry, two in Telangana and one in Gujarat.