About MRF Corp Limited
Data last updated:
MRF Corp Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Mrf Limited. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 26 August 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN1985PLC012156. Its GSTIN is 33AAACM2185R1Z4 (Tamil Nadu). The company holds 23 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹5.01 Cr and a paid-up capital of ₹5.01 Lakh. It was formerly known as Crystal Investments & Finance Co Ltd and Mrf Finance Ltd. It is led by directors including Koshy Zachariah and Kandathil Mammen Mammen.
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tarapore Towers 5th Floor 826 Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2025, the company reported a revenue of ₹476.3 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹15.84 Cr (net margin 3.3%) and EBITDA of ₹27.8 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 14% over five years.
The company has about 413 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MRF Vapocure Paints. As per MCA filings, the company has open charges of ₹50.25 Cr on record. Court records list 59 cases involving the company, including 48 filed by the company and 8 filed against it; 36 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrfpaint.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressTarapore Towers 5th Floor 826 Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryManufacturing, Paint & Coatings
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of MRF Corp Limited
The main business activity of MRF Corp is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of MRF Corp Limited FY 2025 filings available
MRF Corp Limited reported revenue of ₹476.3 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of MRF Corp Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 11% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of MRF Corp Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹27.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.84 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of MRF Corp Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of MRF Corp are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of MRF Corp Limited
MRF Corp Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Miraj Drymix Private Limited | •••• | •••• | •••• | •••• | 15 | Navi Mumbai, Maharashtra, India |
| Shalimar Paints Ltd Listed | •••• | •••• | •••• | •••• | 175 | Gurugram, Haryana, India |
| Sheenlac Paints Limited | •••• | •••• | •••• | •••• | 682 | Chennai, Tamil Nadu, India |
| Shakti Apifoods Private Limited | •••• | •••• | •••• | •••• | - | Malerkotla, Punjab, India |
| KCC Paint (India) Private Limited | •••• | •••• | •••• | •••• | 121 | Kancheepuram, Tamil Nadu, India |
| MRF Corp Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Valspar (India) Coatings Corporation Private Limited | •••• | •••• | •••• | •••• | 173 | Bangalore, Karnataka, India |
| Sirca Paints India Limited Listed | •••• | •••• | •••• | •••• | 835 | Delhi, India |
| Ica Pidilite Private Limited | •••• | •••• | •••• | •••• | 442 | Mumbai, Maharashtra, India |
| Berger Nippon Paint Automotive Coatings Private Limited | •••• | •••• | •••• | •••• | 199 | New Delhi, Delhi, India |
| Grand Polycoats Company Private Limited | •••• | •••• | •••• | •••• | 221 | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below MRF Corp by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of MRF Corp Limited
MRF Corp Limited is audited by S G KESHAVAMURTHY AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S G KESHAVAMURTHY AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of MRF Corp Limited
MRF Corp has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koshy Zachariah | Director | 04 Mar 2003 | 23 Years 7 Months | Current |
| Kandathil Mammen Mammen Also directs: MRF Limited, MRF International Limited, Stable Investments and Finance Company Limited and 2 more | Director | 26 Aug 1985 | 41 Years 1 Months | Current |
| Arun Mammen | Director | 29 Mar 1990 | 36 Years 6 Months | Current |
| Sally George | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
Ownership and Shareholding of MRF Corp Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of MRF Corp Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2025 | Hdfc Bank Limited | ₹25 Lakh | Open |
| 27 Feb 2023 | Hdfc Bank Limited | ₹50 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of MRF Corp Limited
MRF Corp Limited has 59 court cases on record: 48 filed by MRF Corp, 8 filed against it, 3 where it is another party. 36 cases are pending and 23 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 4 | 35 |
| High courts | 14 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against First Impression Consulting Private Limited | Pending |
| Supreme Court | Special leave petition | Filed against the company by G V J Properties Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Petition | Filed against the company by an individual | Pending |
| District court, Puducherry | Appeal | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Anjanadri Traders | Pending |
Full case history
All 59 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with MRF Corp Limited
MRF Corp operates one associated brand: MRF Vapocure Paints. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a comprehensive range of wall colors and paint products. | mrfpaint.com |
Employees and EPFO Compliance at MRF Corp Limited
MRF Corp Limited has a workforce of 413 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of MRF Corp Limited
MRF Corp has undergone 2 name changes throughout its history. The company was previously known as Crystal Investments & Finance Co Ltd, and Mrf Finance Ltd. The current legal name is Mrf Corp Limited.
| Company Name | Status |
|---|---|
| MRF Corp Limited | Current |
| Crystal Investments & Finance Co Ltd | Previous |
| Mrf Finance Ltd | Previous |
Recent Activity on MRF Corp Limited
MRF Corp Limited has 8 board changes on record since 1985: 4 appointments and 4 cessations. The latest: Philip Eapen ceased to be Director on 07 Jul 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for MRF Corp Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by MRF Corp Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of MRF Corp Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of MRF Corp Limited
MRF Corp has 23 GST registrations: 22 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM2185R1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 07AAACM2185R1ZZ | Delhi | Active | 01 Jul 2017 |
| 19AAACM2185R1ZU | West Bengal | Active | 01 Jul 2017 |
| 24AAACM2185R1Z3 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of MRF Corp Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MRF Corp Limited
MRF Corp is an active public limited company based in Chennai, Tamil Nadu, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 26 August 1985 (41+ years old) and is registered under CIN U65929TN1985PLC012156.
MRF Corp reported revenue of ₹476.3 Cr for FY 2025 (down 2% YoY).
MRF Corp has 4 current directors:
- Koshy Zachariah - Director
- Kandathil Mammen Mammen - Director
- Arun Mammen - Director
- Sally George - Director
MRF Corp reported a net profit of ₹15.84 Cr (net margin 3.3%) and EBITDA of ₹27.8 Cr (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MRF Corp is 14% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MRF Corp is 33AAACM2185R1Z4, registered in Tamil Nadu. The company has 23 GST registrations in all, of which 22 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACM2185R1ZZ (Delhi), 19AAACM2185R1ZU (West Bengal), 24AAACM2185R1Z3 (Gujarat).
The CIN (Corporate Identification Number) of MRF Corp is U65929TN1985PLC012156. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MRF Corp has 59 court cases on record: 48 filed by the company and 8 filed against it. 36 are pending. Most are in the district courts.
MRF Corp was incorporated on 26 August 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of MRF Corp by revenue are Miraj Drymix Private Limited, Shalimar Paints Ltd, Sheenlac Paints Limited, Shakti Apifoods Private Limited, KCC Paint (India) Private Limited and 5 more, all in the Manufacturing industry (Paints).
Philip Eapen ceased to be Director on 07 Jul 2024. Sally George ceased to be Additional Director on 26 Jul 2023. Sally George was appointed as Director on 31 Mar 2023. MRF Corp has 8 board changes on record in total.