MRF is reportedly planning to increase its top-line to around Rs 20,000-22,000 crore by 2020-21. To achieve this target, the company is planning to invest around Rs 800-1,000 crore every year on products and brown field expansion. Moreover, the company is expecting Rs 4,000 crore facility in Gujarat to go live by 2020.
The company’s total income for the financial year-ended March 31, 2017, was Rs 15,078.01 crore.
After unveiling Perfinza range of luxury and premium range of tyres, the company has been investing around Rs 800-1,000 crore every year and this will continue.
MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. Its product includes tyres, conveyor belts, pretreads, paints and coats. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.
