SRF Limited

SRF Limited
Type Public company
Traded as BSE503806
NSESRF
Founded 1970 (1970)
Headquarters Gurgaon, India
Key people Arun Bharat Ram, Chairman
Products Engineering Plastics
Fibers
Chemicals
Packaging films
Revenue 29.86 billion (US$567.34 million)[1]
Operating income 6.77 billion (US$128.63 million)
Net income 4.83 billion (US$91.77 million)
Website www.srf.com

SRF Limited is an Indian maker of industrial intermediates. It manufactures nylon fibers, engineering plastics, chemicals and polymers.

History

The company was established in 1970, as Shri Ram Fibres Limited by DCM Limited as a wholly owned subsidiary. Its initial focus was on the manufacture of nylon cord fibres for tyres. Its first manufacturing plant was set up in Manali, near Chennai, in 1973.[2]

Over the years, the company diversified its product offerings into technical textiles, engineering plastics, chemicals and packaging films. In 1990, it changed its name to SRF Limited.

In 1986, the company setup a joint-venture with Denso, SRF Nippondenso, for the manufacture of automotive components. This was later spun off as a separate company in 1993. Another subsidiary, SRF Finance, started in 1986, was sold to GE Capital in 1997. SRF also had a health-care division which manufactured plastic optical lenses, which was spun off as a separate company in 1997.[3]

SRF Limited was listed in the 2011 Asia's Best under a Billion list by Forbes magazine.[4]

Operations

SRF R&D centers are located in Jhiwana, Rajasthan and Chennai, Tamil Nadu. SRF operates 8 manufacturing plants in India, and 1 each in South Africa, Thailand and the UAE.[5]

References

  1. ^ "Annual Report, 2010-11". SRF Limited. http://www.srf.com/inv/AnnualReport_1011.pdf. Retrieved 2011-08-31. 
  2. ^ "History". SRF Limited. http://www.srf.com/History.aspx. Retrieved 2011-08-31. 
  3. ^ "Milestones". SRF Limited. http://www.srf.com/milestones.aspx. Retrieved 2011-08-31. 
  4. ^ "Asia's Best under a Billion". Forbes. 2011-08-30. http://www.forbes.com/lists/2011/24/best-under-a-billion-11_rank.html. Retrieved 2011-08-31. 
  5. ^ "Global Operations". SRF Limited. http://www.srf.com/GlobalDubai.aspx. Retrieved 2011-08-31.