The company MRF Ltd. was established in 1949 in Chennai, India as a small toy balloon manufacturing unit. It began tire production in 1961 and has since grown to be a leading tire manufacturer in India. MRF's vision is to be a global leader in polymers and help make India a global power in technology. The company produces tires, conveyor belts, industrial paints and has a global presence. It aims to have zero defects, breakdowns, accidents or pollution in its operations.