tone down promotional material
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| logo = | | logo = | ||
| 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 = [[ | | location_city = [[Gurgaon]], [[Haryana]] | ||
| location_country = | | location_country = India | ||
| location = | | location = | ||
| locations = | | locations = | ||
| area_served = | | area_served = | ||
| key_people = Arun Bharat Ram | | key_people = Arun Bharat Ram (Chairman) | ||
Ashish Bharat Ram | Ashish Bharat Ram (Managing Director) | ||
Kartik Bharat Ram | Kartik Bharat Ram (Deputy Managing Director) | ||
| industry = | | industry = | ||
| products = Chemicals <br /> Packaging | | products = Chemicals <br /> Packaging films <br /> Technical textiles | ||
| services = | | services = | ||
| revenue = | | revenue = {{INRconvert|8400|c}} (FY21) | ||
| aum = <!-- Only used with financial services companies --> | | aum = <!-- Only used with financial services companies --> | ||
| assets = | | assets = | ||
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| owner = | | owner = | ||
| num_employees = | | num_employees = | ||
| 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 | '''SRF Limited''' is a 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 close to 7,000 employees 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> | ||
==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 | 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|url=http://www.srf.com/milestones.aspx | 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> | ||
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> | 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> | |||
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> | |||
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 Business === | |||
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 === | |||
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 === | |||
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> | |||
=== Packaging Films Business === | |||
SRF's Packaging Films Business manufactures 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> | |||
== Market Leadership == | == 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 | 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|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|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. | ||
== | === 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 == | == Awards == | ||
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* 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 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> | ||
* 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> | ||
*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 | *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"/> | ||
*9th India CSR Award for Best STEM Education Project – Through Partnership (Large Impact) | |||
== References == | == References == | ||
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[[Category:1970 establishments in Haryana]] | [[Category:1970 establishments in Haryana]] | ||
[[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]] | |||