SRF Share Price

History of SRF Limited

Incorporated in 1970, SRF Limited is a chemical-based multi-business company that manufactures industrial and speciality intermediates. 

In 1970, SRF Limited was established as Shri Ram Fibres and was involved in the manufacturing of nylon tyre cord fabrics. Later, in 1974, they started the production of Fishnet Twines. In 1979, the company ventured into the Engineering Plastics business and manufactured over 500 grades of engineering plastics in five different categories of polymer range. In 1989, the company entered into the chemical business and started manufacturing refrigerants in their manufacturing facility in Rajasthan. In 1990, the company’s name was changed to SRF Limited.  

Since its inception, the company has been slowly expanding their business into various verticals, such as belting fabrics, coated fabrics, finance, packaging films, vision care, etc. In 1996, the company started overseas operations in Dubai through SRF Overseas Limited, which was closed in 2013. The company launched its IPO in August 2003 and is currently listed on BSE and NSE.  

The company serves various industries, including automotive, pharmaceuticals, manufacturing, renewable energy, mining, FMCG, electronics, advertising, etc. They have a presence in India, South Africa, Thailand and Hungary. 

Business Segments of SRF Limited 

The business verticals of the company include:

• Fluorochemicals: Under this segment, the company is into the sale of refrigerants, industrial chemicals and pharma propellants.  SRF Limited is the only Indian manufacturing company that provides ozone-friendly refrigerants.

• Speciality Chemicals: In this segment, the company develops and produces advanced intermediates for Pharmaceutical and Agrochemical applications. 

• Packaging Films: Under this, the company provides packaging solutions that prevent dry snacks from getting contaminated and soggy.

• Technical Textiles: Under this business segment, the company provides polyester and nylon yarns and fabrics for various non-consumer applications. 

• Coated Fabrics: In this segment, the company provides a wide range of PVC synthetic coated fabrics used in lifestyle, architecture, sports, defence, advertising, mines, food & agriculture, transportation and automobile. 
• Laminated Fabrics: The laminated fabrics manufactured by the company are used in billboards, hoardings, etc.  

As of March 31, 2023, there are several subsidiary companies under SRF Limited, including:

• SRF Holiday Home Limited: This is a wholly-owned subsidiary of the company that develops and leases commercial, industrial, and residential complexes. 
• SRF Altech Limited: This wholly-owned subsidiary of SRF Limited manufactures aluminium films. 
• SRF Global BV: This wholly-owned subsidiary of SRF Limited is an investment company in the Netherlands. 

Key Personalities of SRF Limited

Ashish Bharat Ram, Chairman and Managing Director

Ashish Bharat Ram is the Chairman and Managing Director of SRF Limited. He joined SRF Limited in 1994, and under his supervision, the company expanded into a major conglomerate globally, with operations across various regions. Previously, he worked at DCM Toyota Ltd, SRF Finance Ltd, and SRF Overseas Ltd, where he handled various divisions like strategy, sales, marketing, etc. Ashish Bharat Ram was recognised as India’s Best CEO in the mid-sized companies category of the Business Today-PwC India’s Best CEOs.   

Corporate Actions of SRF Limited

The company announced a bonus share of 4:1 ratio with a record date of October 14, 2021.