We are happy that the lockdowns are now behind us and the country isprogressing towards vaccination of its people. Industries have learned to work with thelockdowns though in many cases businesses have been affected adversely. Lockdowns haveaffected our business also and we are hoping that the demand for tyres will pick up nowthat the lockdowns have been lifted.
Automobile companies have also cut down their production during thelockdowns. They appear to be getting back to normalcy now after the lifting of thelockdown. There is some amount of uncertainty as to how the demand will be for vehiclesgoing forward in the months ahead.
MRF has reported a total income of Rs.16129 Crore for the last yearended 31st March 2021. In the year gone by many MRF products have taken the centre stagestrengthening the demand for our products. Our focus on quality of our products over thepast many decades has really paid off.
We are in the 75th year since our first Rubber Factory was established.As we continue to don the cap of Industry Leader for the last 34 years I remember myfather and the founder of our company Shri. K.M. Mammen Mappillai who instilled thevalues and ideals that still inspire this company as it pursues its upward path.
I wish to thank the Shareholders Investors Central and StateGovernments Lenders Suppliers and Customers for their great support during these tryingtimes. I also thank all my colleagues on the board for their continued support.
|K.M. MAMMEN |
|Chairman & Managing Director |