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SRF Limited
Company typePublic company
BSE: 503806
NSE: SRF
Gegründet1970 (1970)
Hauptsitz
Gurugram
,
Indien
Key people
Arun Bharat Ram, Chairman

Ashish Bharat Ram, Managing Director

Kartik Bharat Ram, Deputy Managing Director
ProdukteChemicals
Packaging Films
Technical Textiles
Revenue8,400 crores INR (US$ 1.15 billion) in FY21
Websitewww.srf.com

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.[1] 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.[2]

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 fibers for tires. Its first manufacturing plant was set up in Manali, near Chennai, in 1973.[3] Over the years, the company diversified its product offerings into Chemicals, Packaging Films and Technical Textiles.[4] In 1990, it changed its name to SRF Limited.

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.[5]

SRF Limited was listed in the 2011 Asia's Best under a Billion list by Forbes magazine.[6][7]

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, namely Nylon 6 Tyre Cord (global no 2) and Conveyer Belting Fabrics (global no. 3). [8] 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. [9][10][11] SRF is also the only Indian manufacturer of Polyester Tyre Cord Fabrics, which is a part of its Technical Textiles Business product portfolio. 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. [12] [13] [14] [15]

Philanthropy

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. [16] [17] 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. [18]

Awards

  • Deming Prize for the Tyre Cord Business in 2004 [19]
  • Deming Prize for Chemicals Business in 2012 [20]
  • ICC (Indian Chemical Council) Lifetime Achievement Award to Chairman, Mr. Arun Bharat Ram [21]
  • Sword of Honour by the British Safety Council in 2018 [22]
  • The Economic Times Family Business of the Year (Large Companies) Award in 2019 [23]
  • 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 [24]
  • EY Entrepreneur of the Year 2019 in the manufacturing category conferred on Chairman, Mr. Arun Bharat Ram [25]
  • 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 [26]

References

  1. ^ "Global Operations". SRF Limited. Retrieved 31 August 2011.
  2. ^ Market, Capital (5 August 2020). "SRF gains on commissioning new BOPET film line in Hungary". Business Standard India. Retrieved 9 February 2021.
  3. ^ "History". SRF Limited. Retrieved 31 August 2011.
  4. ^ ANI (12 May 2019). "SRF Limited announces definitive agreement to sell its Engineering Plastics Business to DSM". Business Standard India. Retrieved 9 February 2021.
  5. ^ "Milestones". SRF Limited. Retrieved 31 August 2011.
  6. ^ [A://www.forbes.com/lists/2011/24/best-under-a-billion-11_rank.html "Asia's Best under a Billion"]. Forbes. 30 August 2011. Retrieved 31 August 2011.
  7. ^ "SRF - We always find a better way | Investors". www.srf.com. Retrieved 12 February 2021.
  8. ^ "Coach and Captain- Business News". www.businesstoday.in. Retrieved 29 April 2021.
  9. ^ Ram, R. Sree (11 August 2020). "Steady chemicals and packaging films biz save SRF from covid hit". mint. Retrieved 29 April 2021.
  10. ^ Ram, R. Sree (6 January 2020). "Chemicals business props up SRF amid deepening slowdown". mint. Retrieved 29 April 2021.
  11. ^ Ram, R. Sree (24 June 2019). "SRF: Robust growth in specialty chemicals biz yields good crop for now". mint. Retrieved 29 April 2021.
  12. ^ "How SRF Is Transforming Itself Into A Speciality Chemicals Player With Global Ambitions". Forbes India. Retrieved 29 April 2021.
  13. ^ Bureau, Our. "SRF aims to double industrial chemicals manufacturing capacity". @businessline. Retrieved 29 April 2021. {{cite web}}: |last= has generic name (help)
  14. ^ "SRF becomes first Indian refrigerant with ASHRAE certification". @businessline. Retrieved 29 April 2021.
  15. ^ Bureau, Our. "SRF acquires DuPont's medical propellant business for $20 million". @businessline. Retrieved 29 April 2021. {{cite web}}: |last= has generic name (help)
  16. ^ Fernandes, Kasmin (16 July 2020). "Two CSR programmes successfully imparting employability to youth". The CSR Journal. Retrieved 28 April 2021.
  17. ^ "Assam: Team representing 15 government schools of Dibrugarh on exposure trip". Retrieved 28 April 2021.
  18. ^ "Amway reiterates focus on addressing childhood malnutrition on World Health Day". ANI News. Retrieved 28 April 2021.
  19. ^ 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)
  20. ^ "SRF's chemical business gets Quality Management Award". The Economic Times. Retrieved 2 March 2021.
  21. ^ "Welcome to Indian Chemical Council (ICC)". www.indianchemicalcouncil.com. Retrieved 2 March 2021.
  22. ^ ANI (15 November 2019). "Indian Firms win maximum number of safety 'Oscars' this year". Business Standard India. Retrieved 2 March 2021.
  23. ^ "India's most respected business tycoons turn up for The Economic Times Family Business Awards". The Economic Times. Retrieved 2 March 2021.
  24. ^ "CSR is a true manifestation of Bapu's Trusteeship Philosophy: President of India". pib.gov.in. Retrieved 2 March 2021.
  25. ^ Dey, Sudipto (19 February 2020). "Kiran Mazumdar-Shaw wins EY Entrepreneur of the Year award for 2019". Business Standard India. Retrieved 2 March 2021.
  26. ^ "Coach and Captain- Business News". www.businesstoday.in. Retrieved 29 April 2021.


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