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{{Undisclosed paid|date=June 2022}}
{{short description|Indian manufacturing company}}
{{short description|Indian manufacturing company}}
{{Use dmy dates|date=December 2017}}
{{Use dmy dates|date=December 2017}}
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{{Infobox company
{{Infobox company
| name = SRF Limited
| name = SRF Limited
| logo =
| logo = SRF Limited.png
| logo_size =
| caption =
| caption =
| type = [[Public company]]
| type = [[Public company|Public]]
| traded_as = {{BSE|503806}} <br /> {{NSE|SRF}}
| traded_as = {{BSE|503806}} <br /> {{NSE|SRF}}
| genre =
| genre =
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| founder =
| founder =
| defunct =
| defunct =
| location_city = [[Gurugram]]
| location_city = [[Gurugram]], [[Haryana]]
| location_country = [[India]]
| location_country = India
| location =
| location =
| locations =
| locations =
| area_served =
| area_served =
| key_people = Arun Bharat Ram, Chairman
| key_people = {{ubl|Arun Bharat Ram (Chairman Emeritus)|Ashish Bharat Ram (Chairman & Managing Director)|Kartik Bharat Ram (Joint Managing Director)}}
Ashish Bharat Ram, Managing Director
Kartik Bharat Ram, Deputy Managing Director
| industry =
| industry =
| products = Chemicals <br /> Packaging Films <br /> Technical Textiles
| products = Chemicals <br /> Packaging films <br /> Technical textiles
| services =
| services =
| revenue = 8,400 crores INR (US$ 1.15 billion) in FY21
| revenue = {{up}} {{INRConvert|14870|c}} (FY23)<ref name="fy23"/>
| operating_income = {{up}} {{INRConvert|3193|c}} (FY23)<ref name="fy23"/>
| net_income = {{up}} {{INRConvert|2162|c}} (FY23)<ref name="fy23">{{cite news |title=SRF beats fourth-quarter estimates, net profit dips 6% to Rs 562 crore |url=https://www.cnbctv18.com/earnings/srf-q4-earnings-beats-estimates-net-profit-dips-6-percent-16607431.htm |access-date=28 May 2023 |work=CNBC TV18 |date=9 May 2023 |language=en}}</ref>
| aum = <!-- Only used with financial services companies -->
| aum = <!-- Only used with financial services companies -->
| assets =
| assets =
| equity =
| equity =
| owner =
| owner =
| num_employees =
| num_employees = 8,000+
| parent =
| parent = Kama Holdings Ltd.
| divisions =
| divisions =
| subsid =
| subsid =
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| intl =
| intl =
}}
}}
'''SRF Limited''' is a multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company’s business portfolio covers Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, Coated and Laminated Fabrics.<ref name="srf-ops">{{cite web|title=Global Operations|url=http://www.srf.com/GlobalDubai.aspx|accessdate=2011-08-31|publisher=SRF Limited}}</ref> Anchored by a strong workforce of close to 7,000 employees from different nationalities working across eleven manufacturing plants in India and one each in Thailand, South Africa and Hungary, the company exports to more than 75 countries.<ref>{{Cite news|last=Market|first=Capital|date=2020-08-05|title=SRF gains on commissioning new BOPET film line in Hungary|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/srf-gains-on-commissioning-new-bopet-film-line-in-hungary-120080500547_1.html|access-date=2021-02-09}}</ref>
'''SRF Limited''' is an Indian multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty [[Intermediate goods|intermediates]]. The company’s business portfolio covers [[Fluorochemical industry|fluorochemicals]], [[specialty chemicals]], [[packaging films]], [[technical textile]]s, [[Coated fabrics|coated]] and [[laminated fabric]]s.<ref name="srf-ops">{{cite web|title=Global Operations|url=http://www.srf.com/GlobalDubai.aspx|accessdate=2011-08-31|publisher=SRF Limited}}</ref> It has a workforce of more than 8,000 employees across eleven manufacturing plants in India Thailand, South Africa and Hungary. The company exports to more than 90 countries.<ref>{{Cite news|last=Market|first=Capital|date=2020-08-05|title=SRF gains on commissioning new BOPET film line in Hungary|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/srf-gains-on-commissioning-new-bopet-film-line-in-hungary-120080500547_1.html|access-date=2021-02-09}}</ref>


==History==
==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 tyre cord fabrics. Its first manufacturing plant was set up in Manali, near [[Chennai]], in 1973.<ref name=srf-hist>{{cite web|url=http://www.srf.com/History.aspx|title=History|publisher=SRF Limited|accessdate=2011-08-31}}</ref>
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 tyre cord fabrics. Its first manufacturing plant was set up in Manali, near [[Chennai]], in 1973.<ref name=srf-hist>{{cite web|url=http://www.srf.com/History.aspx|title=History|publisher=SRF Limited|accessdate=2011-08-31}}</ref>


In 1986, the company set up 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.<ref name="srf-mile">{{cite web|title=Milestones|url=http://www.srf.com/milestones.aspx|publisher=SRF Limited|accessdate=2011-08-31}}</ref>
In 1986, the company set up a [[joint venture]] with [[Denso]] called 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 healthcare division which manufactured plastic optical lenses, which was spun off as a separate company in 1997.<ref name="srf-mile">{{cite web|title=Milestones|url=http://www.srf.com/milestones.aspx|publisher=SRF Limited|accessdate=2011-08-31}}</ref>


In 1989, the company entered the Chemicals Business to manufacture refrigerants. Consequently, in 1990, it changed its name to SRF Limited. <ref>{{Cite news|last=Upadhyaya|first=Yash|date=2021-01-11|title=Investments in chemical biz, recovery in refrigerants to boost SRF earnings|work=Business Standard India|url=https://www.business-standard.com/article/companies/investments-in-chemical-biz-recovery-in-refrigerants-to-boost-srf-earnings-121011101054_1.html|access-date=2021-05-11}}</ref>
In 1989, the company entered the chemicals business to manufacture refrigerants. Consequently, in 1990, it changed its name to SRF Limited.<ref>{{Cite news|last=Upadhyaya|first=Yash|date=2021-01-11|title=Investments in chemical biz, recovery in refrigerants to boost SRF earnings|work=Business Standard India|url=https://www.business-standard.com/article/companies/investments-in-chemical-biz-recovery-in-refrigerants-to-boost-srf-earnings-121011101054_1.html|access-date=2021-05-11}}</ref>


The company started its Packaging Films Business in 1995 when it acquired a BOPET film plant at Kashipur in India from M/s Flowmore. SRF has since then grown beyond the national boundaries and become one of the leading manufacturers of both BOPET and BOPP films globally. <ref>{{Cite web|last=Ram|first=R. Sree|date=2020-08-11|title=Steady chemicals and packaging films biz save SRF from covid hit|url=https://www.livemint.com/market/mark-to-market/srf-shares-soar-as-it-commissions-new-specialty-chemicals-facility-11597126016319.html|access-date=2021-05-11|website=mint|language=en}}</ref>
The company started its packaging films business in 1995 when it acquired a BOPET film plant at Kashipur in India from Flowmore. SRF has since then manufactured both BOPET and BOPP films globally.<ref>{{Cite web|last=Ram|first=R. Sree|date=2020-08-11|title=Steady chemicals and packaging films biz save SRF from covid hit|url=https://www.livemint.com/market/mark-to-market/srf-shares-soar-as-it-commissions-new-specialty-chemicals-facility-11597126016319.html|access-date=2021-05-11|website=mint|language=en}}</ref>


With deep knowledge of Fluorine since the early 1980s, the company entered the Specialty Chemicals Business in 2004 as a supplier of fine chemicals to the agrochemicals and pharmaceuticals industry. The business has a rich experience of close to three decades in Custom Synthesis, Contract Research and Manufacturing.<ref name="global-ambitions">{{Cite web|title=How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-srf-is-transforming-itself-into-a-speciality-chemicals-player-with-global-ambitions/67693/1|access-date=2021-05-11|website=Forbes India|language=en}}</ref>
The company entered the specialty chemicals business in 2004 as a supplier of fine chemicals to the agrochemicals and pharmaceuticals industry. The business is engaged in custom synthesis, and contract research and manufacturing.<ref name="global-ambitions">{{Cite web|title=How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-srf-is-transforming-itself-into-a-speciality-chemicals-player-with-global-ambitions/67693/1|access-date=2021-05-11|website=Forbes India|language=en}}</ref>


== Business segments ==
⚫
SRF Limited was listed in the 2011 [[Asia]]'s ''Best under a Billion'' list by ''[[Forbes magazine]]''.<ref name="forbes-buab">{{cite web|url=A://www.forbes.com/lists/2011/24/best-under-a-billion-11_rank.html|title=Asia's Best under a Billion|work=Forbes|date=2011-08-30|accessdate=2011-08-31}}</ref><ref>{{Cite web|title=SRF - We always find a better way {{!}} Investors|url=https://www.srf.com/investor-relations/investors.html#reports|access-date=2021-02-12|website=www.srf.com}}</ref>


== Business Segments ==
=== Technical textiles ===
⚫
SRF is the largest manufacturer of technical textiles in India. SRF's technical textile products contain tyre cord fabrics, belting fabrics, and industrial yarn.<ref>{{Cite web|title=SRF, India's leading manufacturer of technical textiles - The Textile Magazine|url=https://www.indiantextilemagazine.in/corporate-news/srf-indias-leading-manufacturer-of-technical-textiles/|access-date=2021-05-12|language=en-US}}</ref>


=== Technical Textiles Business ===
=== Fluorochemicals ===
⚫
Set up in the year 1989, SRF's fluorochemicals business makes refrigerants, pharma propellants, and industrial chemicals.<ref>{{Cite news|title=Chemicals firm SRF board approves setting up of Rs 315 crore chloromethane plant|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/chemicals-firm-srf-board-approves-setting-up-of-rs-315-crore-chloromethane-plant/articleshow/77262160.cms?from=mdr|access-date=2021-05-11}}</ref> The company has allocated capital to enter the [[fluoropolymer]]s business.<ref name="global-ambitions"/><ref>{{Cite web|title=SRF Q1: Growth Engine Of Chemicals Broadly Intact Despite Macro Challenges; Accumulate|url=https://www.moneycontrol.com/news/business/moneycontrol-research/srf-q1-growth-engine-of-chemicals-broadly-intact-despite-macro-challenges-accumulate-4302021.html|access-date=2021-05-11|website=Moneycontrol|date=7 August 2019 }}</ref>
⚫
SRF is the largest manufacturer of technical textiles in India. SRF’s product basket for technical textiles contains tyre cord fabrics, belting fabrics, and industrial yarn. <ref>{{Cite web|title=SRF, India's leading manufacturer of technical textiles - The Textile Magazine|url=https://www.indiantextilemagazine.in/corporate-news/srf-indias-leading-manufacturer-of-technical-textiles/|access-date=2021-05-11|language=en-US}}</ref>


=== Fluorochemicals Business ===
=== Specialty chemicals ===
SRF's specialty chemicals business is involved in the development and production of advanced intermediates for agrochemical and pharmaceutical applications.<ref>{{Cite web|last=Ram|first=R. Sree|date=2019-08-07|title=For SRF, the chemicals business is keeping growth momentum steady|url=https://www.livemint.com/market/mark-to-market/for-srf-the-chemicals-business-is-keeping-growth-momentum-steady-1565120694117.html|access-date=2021-05-11|website=mint|language=en}}</ref>
⚫
Set up in the year 1989, SRF’s Fluorochemicals Business drives its work through the sale of refrigerants, pharma propellants, and industrial chemicals. <ref>{{Cite news|title=Chemicals firm SRF board approves setting up of Rs 315 crore chloromethane plant|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/chemicals-firm-srf-board-approves-setting-up-of-rs-315-crore-chloromethane-plant/articleshow/77262160.cms?from=mdr|access-date=2021-05-11}}</ref> The company has allocated capital to enter the Fluoro polymers business.<ref name="global-ambitions"/><ref>{{Cite web|title=SRF Q1: Growth Engine Of Chemicals Broadly Intact Despite Macro Challenges; Accumulate|url=https://www.moneycontrol.com/news/business/moneycontrol-research/srf-q1-growth-engine-of-chemicals-broadly-intact-despite-macro-challenges-accumulate-4302021.html|access-date=2021-05-11|website=Moneycontrol}}</ref>


=== Specialty Chemicals Business ===
=== Packaging films ===
SRF's Specialty Chemicals Business is involved in the development and production of advanced intermediates for Agrochemical and Pharmaceutical applications. <ref>{{Cite web|last=Ram|first=R. Sree|date=2019-08-07|title=For SRF, the chemicals business is keeping growth momentum steady|url=https://www.livemint.com/market/mark-to-market/for-srf-the-chemicals-business-is-keeping-growth-momentum-steady-1565120694117.html|access-date=2021-05-11|website=mint|language=en}}</ref>
SRF's packaging films business manufactures BOPET and BOPP films for use in food and non-food packaging, labelling, industrial and other end applications.<ref>{{Cite news|last=Market|first=Capital|date=2020-08-05|title=SRF gains on commissioning new BOPET film line in Hungary|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/srf-gains-on-commissioning-new-bopet-film-line-in-hungary-120080500547_1.html|access-date=2021-05-11}}</ref>


== Market leadership ==
=== Packaging Films Business ===
{{advert|section|date=July 2023}}
SRF's Packaging Films Business manufactures a spectrum of innovative solutions in BOPET and BOPP films for use in industries as diverse as food and non-food packaging, labelling, industrial and various other end applications. <ref>{{Cite news|last=Market|first=Capital|date=2020-08-05|title=SRF gains on commissioning new BOPET film line in Hungary|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/srf-gains-on-commissioning-new-bopet-film-line-in-hungary-120080500547_1.html|access-date=2021-05-11}}</ref>
⚫
The company is a market leader in most of its business segments in India and commands a significant global presence in some of its businesses/products, namely Difluoro & Trifluoro Alkyl Intermediates (global no. 1), Nylon 6 Tyre Cord (global no. 2) and Belting Fabrics (global no. 3).<ref name="coach-and-captain">{{Cite web|title=Coach and Captain- Business News|url=https://www.businesstoday.in/magazine/indias-best-ceos/coach-and-captain/story/425914.html|access-date=2021-04-29|website=www.businesstoday.in|date=24 December 2020 }}</ref><ref>{{Cite web|title=How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-srf-is-transforming-itself-into-a-speciality-chemicals-player-with-global-ambitions/67693/1|access-date=2021-04-29|website=Forbes India|language=en}}</ref> SRF is the only Indian manufacturer of ozone friendly refrigerants, namely F 134a and F 32, both of which it has developed using indigenous technology.<ref>{{Cite web|last=Ram|first=R. Sree|date=2019-06-24|title=SRF: Robust growth in specialty chemicals biz yields good crop for now|url=https://www.livemint.com/market/mark-to-market/srf-robust-growth-in-specialty-chemicals-biz-yields-good-crop-for-now-1561395630021.html|access-date=2021-04-29|website=mint|language=en}}</ref> With the addition of F 125, SRF is now the largest producer and seller of refrigerants in India and has further consolidated its market leadership.<ref>{{Cite news|last=Kumar|first=Arun|title=SRF acquires hydrofluorocarbon refrigerant from Mexichem for $10 million|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/srf-acquires-hydrofluorocarbon-refrigerant-from-mexichem-for-10-million/articleshow/61458849.cms?from=mdr|access-date=2021-05-07}}</ref> SRF obtained ASHRAE (American Society of Heating, Refrigeration, Air-conditioning Engineers) certification for R-467A, its low GWP refrigerant blend for stationary air-conditioning applications.<ref>{{Cite news|last=Market|first=Capital|date=2019-09-06|title=SRF received ASHRAE certification for its new low GWP refrigerant blend R-467A|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/srf-received-ashrae-certification-for-its-new-low-gwp-refrigerant-blend-r-467a-119090600323_1.html|access-date=2021-05-11}}</ref> It is the first-ever refrigerant from India to have received this certification by the ASHRAE Standards Committee under the Designation and Safety Classification of Refrigerants.<ref>{{Cite web|title=SRF becomes first Indian refrigerant with ASHRAE certification|url=https://www.thehindubusinessline.com/markets/stock-markets/srf/article29353993.ece|access-date=2021-05-11|website=@businessline|date=6 September 2019 |language=en}}</ref> SRF acquired the Dymel® HFA 134a/P regulated medical pharmaceutical propellant business from DuPont™ in January 2015 and became one of the few manufacturers of Pharma grade HFA 134a/P in the world.<ref>{{Cite web|title=SRF aims to double industrial chemicals manufacturing capacity|url=https://www.thehindubusinessline.com/companies/srf-aims-to-double-industrial-chemicals-manufacturing-capacity/article32231940.ece|access-date=2021-04-29|website=@businessline|date=30 July 2020 |language=en}}</ref><ref>{{Cite web|title=SRF becomes first Indian refrigerant with ASHRAE certification|url=https://www.thehindubusinessline.com/markets/stock-markets/srf/article29353993.ece|access-date=2021-04-29|website=@businessline|date=6 September 2019 |language=en}}</ref><ref>{{Cite web|title=SRF acquires DuPont's medical propellant business for $20 million|url=https://www.thehindubusinessline.com/companies/srf-acquires-duponts-medical-propellant-business-for-20-million/article20949215.ece|access-date=2021-04-29|website=@businessline|date=January 2015 |language=en}}</ref>


== Market Leadership ==
== Awards and recognitions ==
⚫
The company is a market leader in most of its business segments in India and commands a significant global presence in some of its businesses/products, namely Difluoro & Trifluoro Alkyl Intermediates (global no. 1), Nylon 6 Tyre Cord (global no. 2) and Belting Fabrics (global no. 3). <ref name="coach-and-captain">{{Cite web|title=Coach and Captain- Business News|url=https://www.businesstoday.in/magazine/indias-best-ceos/coach-and-captain/story/425914.html|access-date=2021-04-29|website=www.businesstoday.in}}</ref> <ref>{{Cite web|title=How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-srf-is-transforming-itself-into-a-speciality-chemicals-player-with-global-ambitions/67693/1|access-date=2021-04-29|website=Forbes India|language=en}}</ref> SRF is the only Indian manufacturer of ozone friendly refrigerants, namely F 134a and F 32, both of which it has developed using indigenous technology. <ref>{{Cite web|last=Ram|first=R. Sree|date=2019-06-24|title=SRF: Robust growth in specialty chemicals biz yields good crop for now|url=https://www.livemint.com/market/mark-to-market/srf-robust-growth-in-specialty-chemicals-biz-yields-good-crop-for-now-1561395630021.html|access-date=2021-04-29|website=mint|language=en}}</ref> With the addition of F 125, SRF is now the largest producer and seller of refrigerants in India and has further consolidated its market leadership. <ref>{{Cite news|last=Kumar|first=Arun|title=SRF acquires hydrofluorocarbon refrigerant from Mexichem for $10 million|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/srf-acquires-hydrofluorocarbon-refrigerant-from-mexichem-for-10-million/articleshow/61458849.cms?from=mdr|access-date=2021-05-07}}</ref> SRF obtained ASHRAE (American Society of Heating, Refrigeration, Air-conditioning Engineers) certification for R-467A, its low GWP refrigerant blend for stationary air-conditioning applications. <ref>{{Cite news|last=Market|first=Capital|date=2019-09-06|title=SRF received ASHRAE certification for its new low GWP refrigerant blend R-467A|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/srf-received-ashrae-certification-for-its-new-low-gwp-refrigerant-blend-r-467a-119090600323_1.html|access-date=2021-05-11}}</ref> It is the first-ever refrigerant from India to have received this certification by the ASHRAE Standards Committee under the Designation and Safety Classification of Refrigerants. <ref>{{Cite web|title=SRF becomes first Indian refrigerant with ASHRAE certification|url=https://www.thehindubusinessline.com/markets/stock-markets/srf/article29353993.ece|access-date=2021-05-11|website=@businessline|language=en}}</ref> SRF acquired the Dymel® HFA 134a/P regulated medical pharmaceutical propellant business from DuPont™ in January 2015 and became one of the few manufacturers of Pharma grade HFA 134a/P in the world. <ref>{{Cite web|last=Bureau|first=Our|title=SRF aims to double industrial chemicals manufacturing capacity|url=https://www.thehindubusinessline.com/companies/srf-aims-to-double-industrial-chemicals-manufacturing-capacity/article32231940.ece|access-date=2021-04-29|website=@businessline|language=en}}</ref> <ref>{{Cite web|title=SRF becomes first Indian refrigerant with ASHRAE certification|url=https://www.thehindubusinessline.com/markets/stock-markets/srf/article29353993.ece|access-date=2021-04-29|website=@businessline|language=en}}</ref> <ref>{{Cite web|last=Bureau|first=Our|title=SRF acquires DuPont’s medical propellant business for $20 million|url=https://www.thehindubusinessline.com/companies/srf-acquires-duponts-medical-propellant-business-for-20-million/article20949215.ece|access-date=2021-04-29|website=@businessline|language=en}}</ref> SRF is also the only Indian manufacturer of Polyester Tyre Cord Fabrics, which is a part of its Technical Textiles Business product portfolio.

== Philanthropy ==
[https://www.srf-foundation.org/ SRF Foundation], the corporate social responsibility arm of SRF Limited runs one of the largest community programs in India, imparting education and vocational training programs to underprivileged children and youth by improving infrastructure facilities in Government schools, promoting computer-aided learning and through the digital inclusion of communities. <ref>{{Cite web|last=Fernandes|first=Kasmin|date=2020-07-16|title=Two CSR programmes successfully imparting employability to youth|url=https://thecsrjournal.in/csr-programmes-imparting-employability-youth-india/|access-date=2021-04-28|website=The CSR Journal|language=en-GB}}</ref> Apart from providing “Quality Education to All”, SRF Foundation also works in the areas of creating awareness on issues related to health and hygiene, natural resource management and affirmative action on a sustainable basis. <ref>{{Cite web|title=Amway reiterates focus on addressing childhood malnutrition on World Health Day|url=https://www.aninews.in/news/business/business/amway-reiterates-focus-on-addressing-childhood-malnutrition-on-world-health-day20210412122939/|access-date=2021-04-28|website=ANI News|language=en}}</ref>

Working closely with the local communities, SRF Foundation partners with like-minded organizations and other NGOs to develop and execute innovative solutions and with the State Governments to create and scale sustainable impact. <ref>{{Cite web|title=Assam: Team representing 15 government schools of Dibrugarh on exposure trip|url=https://nenow.in/north-east-news/assam-team-representing-15-govt-schools-of-dibrugarh-on-exposure-trip.html|access-date=2021-04-28|language=en-US}}</ref>

=== Collaborations ===

* The IndiGo – GetSmart digital mobile bus <ref>{{Cite web|date=2018-12-07|title=CSR : IndiGo brings school adoption programme to Vadodara; adopts 15 Govt. schools|url=https://indiacsr.in/csr-indigo-brings-school-adoption-programme-to-vadodara-adopts-15-govt-schools/|access-date=2021-05-11|website=India CSR Network|language=en-US}}</ref>
* HP World on Wheels (WoW) <ref>{{Cite news|others=Special Correspondent|date=2021-02-08|title=‘World on Wheels’ to provide basic computer training for students|language=en-IN|work=The Hindu|url=https://www.thehindu.com/news/cities/Tiruchirapalli/world-on-wheels-to-provide-basic-computer-training-for-students/article33784084.ece|access-date=2021-05-11|issn=0971-751X}}</ref>
*Sunrise Sports & PNB Housing Sports for Development Program
*Capgemini School Adoption Project <ref>{{Cite news|date=2017-05-19|title=Capgemini adopts 10 government schools|language=en-IN|work=The Hindu|url=https://www.thehindu.com/news/cities/chennai/capgemini-adopts-10-government-schools/article18508307.ece|access-date=2021-05-11|issn=0971-751X}}</ref>

== Awards ==


* Deming Prize for the Tyre Cord Business in 2004 <ref>{{Cite news|last=Bureau|first=Our Corporate|date=2004-10-08|title=SRF tyre cord business bags Deming Prize|work=Business Standard India|url=https://www.business-standard.com/article/companies/srf-tyre-cord-business-bags-deming-prize-104100801087_1.html#:~:text=SRF%20is%20the%20first%20tyre,the%20TQM%20initiative%20in%20Japan.|access-date=2021-03-02}}</ref>
* Deming Prize for the Tyre Cord Business in 2004 <ref>{{Cite news|last=Bureau|first=Our Corporate|date=2004-10-08|title=SRF tyre cord business bags Deming Prize|work=Business Standard India|url=https://www.business-standard.com/article/companies/srf-tyre-cord-business-bags-deming-prize-104100801087_1.html#:~:text=SRF%20is%20the%20first%20tyre,the%20TQM%20initiative%20in%20Japan.|access-date=2021-03-02}}</ref>
⚫
* SRF Limited was listed in the 2011 [[Asia]]'s ''Best under a Billion'' list by ''[[Forbes magazine]]''.<ref name="forbes-buab">{{cite web |date=2011-08-30 |title=Asia's Best under a Billion |url=https://www.forbes.com/lists/2011/24/best-under-a-billion-11_rank.html |accessdate=2011-08-31 |work=Forbes}}</ref><ref>{{Cite web |title=SRF - We always find a better way {{!}} Investors |url=https://www.srf.com/investor-relations/investors.html#reports |access-date=2021-02-12 |website=www.srf.com}}</ref>
* Deming Prize for Chemicals Business in 2012 <ref>{{Cite news|title=SRF's chemical business gets Quality Management Award|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/srfs-chemical-business-gets-quality-management-award/articleshow/16746651.cms?from=mdr|access-date=2021-03-02}}</ref>
* Deming Prize for Chemicals Business in 2012 <ref>{{Cite news|title=SRF's chemical business gets Quality Management Award|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/srfs-chemical-business-gets-quality-management-award/articleshow/16746651.cms?from=mdr|access-date=2021-03-02}}</ref>
* ICC (Indian Chemical Council) Lifetime Achievement Award to Chairman, Mr. Arun Bharat Ram <ref>{{Cite web|title=Welcome to Indian Chemical Council (ICC)|url=https://www.indianchemicalcouncil.com/icc-awards-2016-announced.htm|access-date=2021-03-02|website=www.indianchemicalcouncil.com}}</ref>
* ICC (Indian Chemical Council) Lifetime Achievement Award to Chairman, Arun Bharat Ram <ref>{{Cite web|title=Welcome to Indian Chemical Council (ICC)|url=https://www.indianchemicalcouncil.com/icc-awards-2016-announced.htm|access-date=2021-03-02|website=www.indianchemicalcouncil.com}}</ref>
* Sword of Honour by the British Safety Council in 2018 <ref>{{Cite news|last=ANI|date=2019-11-15|title=Indian Firms win maximum number of safety 'Oscars' this year|work=Business Standard India|url=https://www.business-standard.com/article/news-ani/indian-firms-win-maximum-number-of-safety-oscars-this-year-119111500589_1.html|access-date=2021-03-02}}</ref>
* Sword of Honour by the British Safety Council in 2018 <ref>{{Cite news|last=ANI|date=2019-11-15|title=Indian Firms win maximum number of safety 'Oscars' this year|work=Business Standard India|url=https://www.business-standard.com/article/news-ani/indian-firms-win-maximum-number-of-safety-oscars-this-year-119111500589_1.html|access-date=2021-03-02}}</ref>
* The Economic Times Family Business of the Year (Large Companies) Award in 2019 <ref>{{Cite news|title=India's most respected business tycoons turn up for The Economic Times Family Business Awards|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/indias-most-respected-business-tycoons-turn-up-for-the-economic-times-family-business-awards/articleshow/67682500.cms|access-date=2021-03-02}}</ref>
* The Economic Times Family Business of the Year (Large Companies) Award in 2019 <ref>{{Cite news|title=India's most respected business tycoons turn up for The Economic Times Family Business Awards|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/indias-most-respected-business-tycoons-turn-up-for-the-economic-times-family-business-awards/articleshow/67682500.cms|access-date=2021-03-02}}</ref>
* National CSR Award 2018 in the category – Corporate Awards in CSR in Challenging Circumstances – North by His Excellency, the President of India, Shri Ram Nath Kovind <ref>{{Cite web|title=CSR is a true manifestation of Bapu’s Trusteeship Philosophy: President of India|url=http://pib.gov.in/Pressreleaseshare.aspx?PRID=1589453|access-date=2021-03-02|website=pib.gov.in}}</ref>
* National CSR Award 2018 in the category – Corporate Awards in CSR in Challenging Circumstances – North by the President of India, Shri Ram Nath Kovind <ref>{{Cite web|title=CSR is a true manifestation of Bapu's Trusteeship Philosophy: President of India|url=http://pib.gov.in/Pressreleaseshare.aspx?PRID=1589453|access-date=2021-03-02|website=pib.gov.in}}</ref>
* EY Entrepreneur of the Year 2019 in the manufacturing category conferred on Chairman, Mr. Arun Bharat Ram <ref>{{Cite news|last=Dey|first=Sudipto|date=2020-02-19|title=Kiran Mazumdar-Shaw wins EY Entrepreneur of the Year award for 2019|work=Business Standard India|url=https://www.business-standard.com/article/companies/kiran-mazumdar-shaw-wins-ey-entrepreneur-of-the-year-award-for-2019-120021901400_1.html|access-date=2021-03-02}}</ref>
* EY Entrepreneur of the Year 2019 in the manufacturing category conferred on Chairman, Mr. Arun Bharat Ram <ref>{{Cite news|last=Dey|first=Sudipto|date=2020-02-19|title=Kiran Mazumdar-Shaw wins EY Entrepreneur of the Year award for 2019|work=Business Standard India|url=https://www.business-standard.com/article/companies/kiran-mazumdar-shaw-wins-ey-entrepreneur-of-the-year-award-for-2019-120021901400_1.html|access-date=2021-03-02}}</ref>
*Mr. Ashish Bharat Ram, Managing Director of SRF Ltd. was named India’s Best CEO in the emerging companies category by Business Today in January, 2021 <ref name="coach-and-captain"/>
*Ashish Bharat Ram, Managing Director of SRF Ltd. named India’s Best CEO in the emerging companies category by Business Today in January, 2021 <ref name="coach-and-captain"/>
*Best Family Business award in the giga category at the first-ever Indian Family Business Awards 2021, presented by Moneycontrol <ref>{{Cite web |title=SRF Ltd wins Moneycontrol's best family business award |url=https://www.moneycontrol.com/news/business/companies/srf-ltd-wins-moneycontrols-best-family-business-award-8423381.html |access-date=2022-06-07 |website=Moneycontrol |date=29 April 2022 |language=en}}</ref>
*9th India CSR Award for Best STEM Education Project – Through Partnership (Large Impact)
*Employer of the Future 2022 by Fortune India <ref>{{Cite web |title=SRF Uses Human Touch For Growth |url=https://www.fortuneindia.com/long-reads/srf-uses-human-touch-for-growth/108520 |access-date=2022-06-15 |website=www.fortuneindia.com |date=5 June 2022 |language=en}}</ref>
*Ashish Bharat Ram, Chairman and Managing Director of SRF Ltd., named India’s Best CEO in the mid-sized companies category by Business Today in May 2023<ref>{{Cite web |date=2023-04-27 |title=Best CEOs: How Ashish Bharat Ram became instrumental in writing SRF's success story |url=https://www.businesstoday.in/mindrush/story/best-ceos-how-ashish-bharat-ram-became-instrumental-in-writing-srfs-success-story-379048-2023-04-27 |access-date=2023-06-07 |website=Business Today |language=en}}</ref>


== References ==
== References ==
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[[Category:1970 establishments in Haryana]]
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[[Category:Chemical companies of India]]
[[Category:Chemical companies established in 1970]]
[[Category:Chemical companies established in 1970]]
[[Category:Companies listed on the National Stock Exchange of India]]

[[Category:Companies listed on the Bombay Stock Exchange]]

{{India-company-stub}}

Revision as of 05:54, 29 November 2023

SRF Limited
Company typePublic
BSE: 503806
NSE: SRF
Gegründet1970 (1970)
Hauptsitz
Gurugram, Haryana
,
Indien
Key people
  • Arun Bharat Ram (Chairman Emeritus)
  • Ashish Bharat Ram (Chairman & Managing Director)
  • Kartik Bharat Ram (Joint Managing Director)
ProdukteChemicals
Packaging films
Technical textiles
RevenueIncrease ₹14,870 crore (US$1.8 billion) (FY23)[1]
Increase ₹3,193 crore (US$380 million) (FY23)[1]
Increase ₹2,162 crore (US$260 million) (FY23)[1]
Number of employees
8,000+
ParentKama Holdings Ltd.
Websitewww.srf.com

SRF Limited is an Indian multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company’s business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics.[2] It has a workforce of more than 8,000 employees across eleven manufacturing plants in India Thailand, South Africa and Hungary. The company exports to more than 90 countries.[3]

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 tyre cord fabrics. Its first manufacturing plant was set up in Manali, near Chennai, in 1973.[4]

In 1986, the company set up a joint venture with Denso called 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 healthcare division which manufactured plastic optical lenses, which was spun off as a separate company in 1997.[5]

In 1989, the company entered the chemicals business to manufacture refrigerants. Consequently, in 1990, it changed its name to SRF Limited.[6]

The company started its packaging films business in 1995 when it acquired a BOPET film plant at Kashipur in India from Flowmore. SRF has since then manufactured both BOPET and BOPP films globally.[7]

The company entered the specialty chemicals business in 2004 as a supplier of fine chemicals to the agrochemicals and pharmaceuticals industry. The business is engaged in custom synthesis, and contract research and manufacturing.[8]

Business segments

Technical textiles

SRF is the largest manufacturer of technical textiles in India. SRF's technical textile products contain tyre cord fabrics, belting fabrics, and industrial yarn.[9]

Fluorochemicals

Set up in the year 1989, SRF's fluorochemicals business makes refrigerants, pharma propellants, and industrial chemicals.[10] The company has allocated capital to enter the fluoropolymers business.[8][11]

Specialty chemicals

SRF's specialty chemicals business is involved in the development and production of advanced intermediates for agrochemical and pharmaceutical applications.[12]

Packaging films

SRF's packaging films business manufactures BOPET and BOPP films for use in food and non-food packaging, labelling, industrial and other end applications.[13]

Market leadership

The company is a market leader in most of its business segments in India and commands a significant global presence in some of its businesses/products, namely Difluoro & Trifluoro Alkyl Intermediates (global no. 1), Nylon 6 Tyre Cord (global no. 2) and Belting Fabrics (global no. 3).[14][15] SRF is the only Indian manufacturer of ozone friendly refrigerants, namely F 134a and F 32, both of which it has developed using indigenous technology.[16] With the addition of F 125, SRF is now the largest producer and seller of refrigerants in India and has further consolidated its market leadership.[17] SRF obtained ASHRAE (American Society of Heating, Refrigeration, Air-conditioning Engineers) certification for R-467A, its low GWP refrigerant blend for stationary air-conditioning applications.[18] It is the first-ever refrigerant from India to have received this certification by the ASHRAE Standards Committee under the Designation and Safety Classification of Refrigerants.[19] SRF acquired the Dymel® HFA 134a/P regulated medical pharmaceutical propellant business from DuPont™ in January 2015 and became one of the few manufacturers of Pharma grade HFA 134a/P in the world.[20][21][22]

Awards and recognitions

  • Deming Prize for the Tyre Cord Business in 2004 [23]
  • SRF Limited was listed in the 2011 Asia's Best under a Billion list by Forbes magazine.[24][25]
  • Deming Prize for Chemicals Business in 2012 [26]
  • ICC (Indian Chemical Council) Lifetime Achievement Award to Chairman, Arun Bharat Ram [27]
  • Sword of Honour by the British Safety Council in 2018 [28]
  • The Economic Times Family Business of the Year (Large Companies) Award in 2019 [29]
  • National CSR Award 2018 in the category – Corporate Awards in CSR in Challenging Circumstances – North by the President of India, Shri Ram Nath Kovind [30]
  • EY Entrepreneur of the Year 2019 in the manufacturing category conferred on Chairman, Mr. Arun Bharat Ram [31]
  • Ashish Bharat Ram, Managing Director of SRF Ltd. named India’s Best CEO in the emerging companies category by Business Today in January, 2021 [14]
  • Best Family Business award in the giga category at the first-ever Indian Family Business Awards 2021, presented by Moneycontrol [32]
  • Employer of the Future 2022 by Fortune India [33]
  • Ashish Bharat Ram, Chairman and Managing Director of SRF Ltd., named India’s Best CEO in the mid-sized companies category by Business Today in May 2023[34]

References

  1. ^ a b c "SRF beats fourth-quarter estimates, net profit dips 6% to Rs 562 crore". CNBC TV18. 9 May 2023. Retrieved 28 May 2023.
  2. ^ "Global Operations". SRF Limited. Retrieved 31 August 2011.
  3. ^ Market, Capital (5 August 2020). "SRF gains on commissioning new BOPET film line in Hungary". Business Standard India. Retrieved 9 February 2021.
  4. ^ "History". SRF Limited. Retrieved 31 August 2011.
  5. ^ "Milestones". SRF Limited. Retrieved 31 August 2011.
  6. ^ Upadhyaya, Yash (11 January 2021). "Investments in chemical biz, recovery in refrigerants to boost SRF earnings". Business Standard India. Retrieved 11 May 2021.
  7. ^ Ram, R. Sree (11 August 2020). "Steady chemicals and packaging films biz save SRF from covid hit". mint. Retrieved 11 May 2021.
  8. ^ a b "How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions". Forbes India. Retrieved 11 May 2021.
  9. ^ "SRF, India's leading manufacturer of technical textiles - The Textile Magazine". Retrieved 12 May 2021.
  10. ^ "Chemicals firm SRF board approves setting up of Rs 315 crore chloromethane plant". The Economic Times. Retrieved 11 May 2021.
  11. ^ "SRF Q1: Growth Engine Of Chemicals Broadly Intact Despite Macro Challenges; Accumulate". Moneycontrol. 7 August 2019. Retrieved 11 May 2021.
  12. ^ Ram, R. Sree (7 August 2019). "For SRF, the chemicals business is keeping growth momentum steady". mint. Retrieved 11 May 2021.
  13. ^ Market, Capital (5 August 2020). "SRF gains on commissioning new BOPET film line in Hungary". Business Standard India. Retrieved 11 May 2021.
  14. ^ a b "Coach and Captain- Business News". www.businesstoday.in. 24 December 2020. Retrieved 29 April 2021.
  15. ^ "How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions". Forbes India. Retrieved 29 April 2021.
  16. ^ Ram, R. Sree (24 June 2019). "SRF: Robust growth in specialty chemicals biz yields good crop for now". mint. Retrieved 29 April 2021.
  17. ^ Kumar, Arun. "SRF acquires hydrofluorocarbon refrigerant from Mexichem for $10 million". The Economic Times. Retrieved 7 May 2021.
  18. ^ Market, Capital (6 September 2019). "SRF received ASHRAE certification for its new low GWP refrigerant blend R-467A". Business Standard India. Retrieved 11 May 2021.
  19. ^ "SRF becomes first Indian refrigerant with ASHRAE certification". @businessline. 6 September 2019. Retrieved 11 May 2021.
  20. ^ "SRF aims to double industrial chemicals manufacturing capacity". @businessline. 30 July 2020. Retrieved 29 April 2021.
  21. ^ "SRF becomes first Indian refrigerant with ASHRAE certification". @businessline. 6 September 2019. Retrieved 29 April 2021.
  22. ^ "SRF acquires DuPont's medical propellant business for $20 million". @businessline. January 2015. Retrieved 29 April 2021.
  23. ^ Bureau, Our Corporate (8 October 2004). "SRF tyre cord business bags Deming Prize". Business Standard India. Retrieved 2 March 2021. {{cite news}}: |last= has generic name (help)
  24. ^ "Asia's Best under a Billion". Forbes. 30 August 2011. Retrieved 31 August 2011.
  25. ^ "SRF - We always find a better way | Investors". www.srf.com. Retrieved 12 February 2021.
  26. ^ "SRF's chemical business gets Quality Management Award". The Economic Times. Retrieved 2 March 2021.
  27. ^ "Welcome to Indian Chemical Council (ICC)". www.indianchemicalcouncil.com. Retrieved 2 March 2021.
  28. ^ ANI (15 November 2019). "Indian Firms win maximum number of safety 'Oscars' this year". Business Standard India. Retrieved 2 March 2021.
  29. ^ "India's most respected business tycoons turn up for The Economic Times Family Business Awards". The Economic Times. Retrieved 2 March 2021.
  30. ^ "CSR is a true manifestation of Bapu's Trusteeship Philosophy: President of India". pib.gov.in. Retrieved 2 March 2021.
  31. ^ Dey, Sudipto (19 February 2020). "Kiran Mazumdar-Shaw wins EY Entrepreneur of the Year award for 2019". Business Standard India. Retrieved 2 March 2021.
  32. ^ "SRF Ltd wins Moneycontrol's best family business award". Moneycontrol. 29 April 2022. Retrieved 7 June 2022.
  33. ^ "SRF Uses Human Touch For Growth". www.fortuneindia.com. 5 June 2022. Retrieved 15 June 2022.
  34. ^ "Best CEOs: How Ashish Bharat Ram became instrumental in writing SRF's success story". Business Today. 27 April 2023. Retrieved 7 June 2023.
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