Type | Public company |
---|---|
Traded as | BSE: 503806 NSE: SRF |
Founded | 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.
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]
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]