SRF
SRF · Chemicals > Chemicals · Chairman: Arun Bharat Ram · MD: Ashish Bharat Ram · Listing date: Nov. 26, 1994 · Employees: 6386 · Gurgaon · http://www.srf.com

SRF began as Shri Ram Fibres in 1970 when its parent company DCM decided to set up a separate entity to manufacture nylon tyre cord fibres. Its formation was a result of the foresight that nylon was the future material for tyre cord fibres. The company established its first plant in Manali near Chennai in 1973. Over the years, the company not only expanded its product range under the Technical Textiles but also diversified into many adjacent businesses. Besides Technical Textiles, the company’s business profile constitutes Fluorochemicals, Specialty Chemicals and Packaging Films. Equipped with state-of-the-art R&D facilities, the company boasts of its Chemical Technology Group that is actively involved in process innovations and product development.

SRF’s diversified business portfolio covers Fluorochemicals, Specialty Chemicals, Performance Films & Foil, Technical Textiles and Coated and Laminated Fabrics., The company exports to 100+ countries. Equipped with state-of-the-art R&D facilities, SRF has filed 501 patents for R&D and technology so far, of which 153 have been granted. The company is a multi-business entity with multiple products for multiple applications.

Business area of the company

SRF is a chemical-based, multi-business conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company is widely recognised and well respected for its R&D capabilities globally, especially in the niche domain of Chemicals. The company is a market leader in most of its business segments in India and overseas. The company has operations in four countries namely India, Thailand, South Africa, and Hungary. The company has commercial interests in over a hundred countries and categorises its operations into Chemicals Business (CB), Packaging Films Business [renamed Performance Films & Foil Business, effective April 1, 2025] (PFB), Technical Textiles Business (TTB), and Other Businesses.

Business verticals 

Fluorochemicals Business: Set up in the year 1989, SRF’s Fluorochemicals Business (FCB) drives its work through the sale of refrigerants, pharma propellants, and industrial chemicals. SRF is the only Indian manufacturer of ozone-friendly refrigerants such as F 134a and F 32.

Specialty Chemicals Business: With more than 30 years of experience in Halogen chemistry, SRF’s Specialty Chemicals Business commands an enviable reputation for its capabilities in the development and production of advanced intermediates for Agrochemical and Pharmaceutical applications. Building from its initial expertise in Fluorine chemistry and deep knowledge in varied platform chemistries, it is now in a leadership position to offer a variety of other chemicals to address emerging customer needs. To maintain this enviable position, it has invested substantially in people, equipment and capital; in turn, creating an environment of agile process development and rapid project implementation for Specialty Chemicals.

Performance Films & Foil Business: SRF’s packaging films prevent dry snacks from getting soggy and contaminated. Its product forms one of the packaging layers that not only provides protection from air, moisture and light but also helps preserve the aroma. With operations in four countries, it provides flexible packaging solutions to a wide gamut of applications ranging from food to non-food both in the category of fast-moving consumer goods and industrial products.

Technical Textiles Business: SRF offers a wide range of high-performance reinforcements covering both nylon and polyester yarns and fabrics for diverse non-consumer and lifestyle applications. The company is not only the largest manufacturer of technical textiles in India but also enjoys a global leadership for most of the products under this business. SRF’s product basket for technical textiles contains tyre cord fabrics, belting fabrics, and industrial yarn.

Coated Fabrics Business: As a pioneer of PVC synthetic coated fabrics in India, SRF offers a diverse range of products for a wide range of applications in varied segments such as architecture, lifestyle, sports, advertising, defense, mines, food & agriculture, automobile, and transportation. Its coated fabrics are fire and weather-resistant as well as UV stabilized and abrasion and tear-resistant. Made of high tenacity polyester yarn with a unique PVC formulation, these are waterproof and easy to fabricate, install and maintain. With a pan India presence, it has remained the domestic market leader for more than two decades.

Laminated Fabrics Business: With an enviable reputation of a reliable manufacturer, it delivers quality solutions to the printing, advertising & signage industry. It offers products for static and dynamic covering solutions as well. SRF laminated fabrics which are used as flex in hoardings, billboards and signage are not only suitable for high-quality screen printing and digital printing but are also compatible with all solvent-based printers such as Vutek, Nur and Scitex. Under special treatment, SRF products also exhibit anti-UV and fire-retardant properties. With a pan India network of channel partners, SRF promises to serve customers anywhere in the country. 

Awards

  • 2021-22: Highly Commended Winner of the Best Working Capital Management Solution at the Adam Smith Awards Asia 2021.
  • 2021-22: SRF’s Packaging Films Business – Indore conferred the Quality Sustainability Award at the international convention, organised by the International Academy for Quality (IAQ).
  • 2021-22: TTB Gwalior was recognised with a certificate of appreciation for relief work in the flood-hit areas of Bhind district (MP) by the Collector.
  • 2022-23: Received the Finance Transformation Initiative of the Year Award - The C2FO program.
  • 2022-23: Won the award for Enlightened Growth Leadership, 2022 by the Frost & Sullivan Institute.
  • 2022-23: Mahatma Award for Social Good and Impact in Quality Education earned by SRF Foundation.
  • 2022-23: SRF’s Packaging Films Business is the recipient of the IAQ Quality Sustainability Award by the International Academy for Quality (IAQ).
  • 2022-23: SRF’s Fluorochemicals Business unit in Thailand was conferred the ‘Best Supplier’ Award by Toshiba.
  • 2023-24: MATEXIL Export Award for Outstanding Export Performance Technical Textiles Business, SRF MATEXIL, Category: Indutech.
  • 2023-24: Top Value Creator 2023 – Chemicals SRF Limited.
  • 2024-25: SRF has been chosen by Frost & Sullivan Institute as the recipient of the 2024 Enlightened Growth Leadership Best Practices Recognition.
  • 2024-25: RF has won the Gold Award for pioneering risk mitigation strategies at the ET NOW Supply Chain Management & Logistic Awards 2024.
  • 2024-25: SRF Industries (Thailand) Ltd. has been honoured with the prestigious Industrial Estate Authority of Thailand (IEAT) Green Star Award.
  • 2024-25: SRF has been recognised as the champion of innovation in chemicals & materials science at the DET Hurun India Manufacturing Excellence Awards 2025.
  • 2024-25: SRF has been recognised in the 2024 Burgundy Private Hurun India 500 List.

Milestones

  • 1970: Incorporated as Shri Ram Fibres
  • 1973: The Company established its first plant in Manali near Chennai.
  • 1974: Commenced operations of nylon tyre cord at Manali.
  • 1977: Production of fishnet twines started.
  • 1979: Commenced production of nylon engineering plastics.
  • 1983: Commissioning of belting fabrics at Viralimalai.
  • 1986: Set up SRF Finance Ltd.
  • 1986: Commissioning of coated fabrics at Viralimalai.
  • 1989: Entered Chemicals Business with production of refrigerants.
  • 1990: Shri Ram Fibres renamed as SRF Ltd.
  • 1993: Divested SRF Nippondenso.
  • 1995: Commercial production of Chloromethanes.
  • 1995: Ventured into Packaging Films Business.
  • 1995: Started Vision Care Division at Bangalore.
  • 1996: Set up the company’s first overseas plant (tyre cord) in Dubai.
  • 1996: Acquired Ceat’s tyre cord fabrics plant situated at Gwalior.
  • 1997: Divested Vision Care Division.
  • 1997: Divested SRF Finance Ltd. to GE Capital.
  • 2000: Acquired Dupont’s tyre cord fabrics plant situated at Gummidipoondi.
  • 2002: Polyester films, fishnet twines and engineering plastics businesses spun off as a separate entity; SRF Polymers Ltd.
  • 2004: Became the first tyre cord company outside Japan to win the Deming Prize.
  • 2008: Acquired two foreign companies - Thailand based Thai Baroda Industries Limited (TBIL), a manufacturer of nylon tyre cord, and South Africa based Industex Technical Textile (Pty) Limited, a manufacturer of belting fabrics.
  • 2009: Purchase of two businesses of SRF Polymers Ltd., the Engineering Plastics and the Industrial Yarn Business.
  • 2009: Became the first Indian manufacturer of polyester industrial yarn (PIY) by setting up a 14,400 MT PIY for producing PIY to be used in radial tyres, conveys belts and coated fabrics.
  • 2010: Ventured into Laminated Fabrics by setting up a green-field plant of 900 sqm annual capacity at Kashipur.
  • 2012: Commenced operations in the newly commissioned Chemical Complex at Dehej in Gujarat.
  • 2012: Wins the prestigious Deming Prize for the Chemicals Business.
  • 2013: Set up green-field facility for BOPET films in Thailand.
  • 2013: Ventured into BOPP films by setting up a green-field plant in South Africa.
  • 2014: Scaled up its HFC 134a capacity by three fold to around 17,500 tonnes per annum with the commissioning for its second HFC 134a plant of 12,500 tpa capacity at Dahej.
  • 2015: SRF acquires Global DuPont Dymel HFC 134a Pharma Business.
  • 2017: SRF inks Pact to Buy Mexichem’s HFC-125 Assets.
  • 2019: SRF resumes operations at Dahej plant.
  • 2019: SRF to set up BOPP film line in Thailand.
  • 2020: SRF gets nod to set up second BOPP Film Line at Indore.
  • 2021: SRF commissions project to produce specialty chemicals.
  • 2022: SRF to set up Pharma Intermediates Plant at Dahej.
  • 2022: SRF starts expansion project at Indore.
  • 2023: SRF commences pharma intermediates plant at Dahej.
  • 2023: SRF infuses additional equity share capital in SRF Altech.
  • 2024: SRF incorporates a wholly-owned subsidiary by the name of SRF Middle East LLC.
  • 2025: SRF enters into MoU with Tata Steel Special Economic Zone.