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MRF: India's inspirational Success Story.
A balloon seller's Business.... His 1 share is of 100000 Rs. The first company India to achieve the milestone of Rs 100000 per share on National Stock Exchange & BSE..
The story in short goes as follows.
1 . Name of the youth Mr Mammen Mapillai.
2 . Started business of selling ruber balloons from roads in Madras in the year 1947, the year of India's Independence.
3 . In 1952, started a small shop with the money saved , and also started rubber gloves and other rubber products under the name of Madras Rubber Factory
4. In 1957 started manufacturing tyre threads.
5. Listed his Company on Bombay Stack Exchange in 1961.
6. Setup a research and development cell for tyre manufacturing when there were very few cars in poor country like India.
7. Introduced Radial Tyres in India for the first time in 1990s.
8. Today the No 1, Tyre Manufacturing Company of India with global footprints .
9. Just a few days ago crossed the valuation of Rs 100000 per share of face value Rs 10 each. The first company in India to do so.
10. The name of the Company ... MRF
11. If you calculate the returns the company has given since listing on BSE in 1961, it is almost 25 % CAGR for last 62 years. That is virtually doubling the investors money every three year. Mind boggling.
12. Very low profile Management, never made a concall or investors meet, never seen them on TV giving interviews, but just going on doing business quietly. And most importantly, always with almost Debt Free Balance Sheet.
13. Share capital Rs 4.24 cr only. Reserves Rs 14703 cr.
Networth Rs 14707 cr
On 4 cr capital, 9752 cr sales in 2011. Today 23008 cr sales and Profit Rs 1070 cr.
When we talk of the Apple, Microsoft, Google , lAmazon success story , we as Indians should also be very proud of Mappillai family and MRF.
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