The year 2010-11 was a historic one for MRF as we crossed the turnover
of Rs 10,000 crores. We have continued to maintain the same growth
momentum this year too and we have crossed the turnover of Rs 13,000
crores for the year 2011 -12. It is indeed a creditable achievement
against the backdrop of a difficult economic environment.
Our continued emphasis to cater to the changing customer needs with
premium products has been one of the hallmarks of our success. As we
enter the new financial year, the economic and business environment is
grim. The global crisis continues and there is a distinct slow-down in
the Indian economy. In addition, the competitive environment continues
to be intense.
Meanwhile, our plant at Tiruchirapally has commenced production and is
slated to be one of our biggest plants.
We have successfully turned around Sri Lanka operations through several
initiatives and we are confident of increasing our revenue further.
We continue to be optimistic about the automobile industry in the long
term and the investments in our various plants will help us to increase
our market share as we move forward.
K. M. Mammen
Chairman & Managing Director