India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #763 K. M. Mammen & family ₹4,100 Cr
- #824 Arun Mammen & family ₹3,700 Cr
Revenue · FY 2025
₹476.3 Cr
▼ 2% YoY
Net profit · FY 2025
₹15.84 Cr
Net margin 3.3%
EBITDA · FY 2025
₹27.8 Cr
EBITDA margin 5.8%
Authorised capital
₹5.01 Cr
Registered with MCA
Paid-up capital
₹5.01 Lakh
Issued & subscribed
Open charges
₹50.25 Cr
Secured borrowings
Company age
41 yrs
Est. 1985
Employees · EPFO
413
Provident fund records
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.
Its director K. M. Mammen and family are #763 among India's richest people (2026). Its director Arun Mammen and family are #824 among India's richest people (2026).
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 62 cases involving the company, including 48 filed by the company and 14 filed against it; 39 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.
Company details
CIN U65929TN1985PLC012156
Registration Number 012156
Incorporation Date 26 August 1985
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Mrf Limited
Compliance Status Active Compliant
Name history
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 |
Recognitions & Rankings of MRF Corp
Contact details
MRF Corp Limited's registered office is in Chennai, Tamil Nadu. Its website is mrfpaint.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTarapore Towers 5th Floor 826 Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryManufacturing, Paint & Coatings
To see the full contact details of MRF Corp Limited, buy the company report.
Comprehensive company report
MRF Corp Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of MRF Corp Limited, buy the company report.
Financials of MRF Corp Limited
FY 2025 filings availableMRF Corp Limited reported revenue of ₹476.3 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹476.3 Cr ▼ 2%
Net profit · FY 2025
₹15.84 Cr margin 3.3%
EBITDA · FY 2025
₹27.8 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 14%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 5%
5 years · compounded
▲ 3%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of MRF Corp Limited, buy the company report.
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.
Current Directors
| 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 2 Months | Current |
| Arun Mammen | Director | 29 Mar 1990 | 36 Years 6 Months | Current |
| Sally George | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
Peer comparison
MRF Corp Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shalimar Paints Ltd | ₹608.9 Cr (FY 2025) | 12.0% | Gurugram, Haryana, India | |||
| Sheenlac Paints Limited | ₹559.52 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| KCC Paint (India) Private Limited | ₹483.94 Cr (FY 2025) | 9.0% | Kancheepuram, Tamil Nadu, India | |||
| MRF Corp Limitedthis company | ₹476.3 Cr (FY 2025) | ₹15.84 Cr | 3.3% | -2.0% | 413 | Chennai, Tamil Nadu, India |
| Valspar (India) Coatings Corporation Private Limited | ₹472.86 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| Sirca Paints India Limited | ₹379.16 Cr (FY 2025) | 19.0% | Delhi, India | |||
| Ica Pidilite Private Limited | ₹378.72 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Berger Nippon Paint Automotive Coatings Private Limited | ₹376.73 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Grand Polycoats Company Private Limited | ₹328.41 Cr (FY 2025) | 6.0% | Vadodara, Gujarat, India |
To see the full peer comparison of MRF Corp Limited, buy the company report.
Auditor
MRF Corp Limited is audited by S G KESHAVAMURTHY AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G KESHAVAMURTHY AND CO | FY 2023 | 001779S |
Shareholding
The shareholding of MRF Corp Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MRF Corp Limited, buy the company report.
Charges & borrowings
Open charges
₹50.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2025 | 101132703 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 27 Feb 2023 | 100698714 | Hdfc Bank Limited | ₹50 Cr | Open |
Total charge records: 2 View all charges
Legal cases
MRF Corp Limited has 62 court cases on record: 48 filed by MRF Corp, 14 filed against it. 39 cases are pending and 23 are disposed.
Total cases
62
Filed by the company
48
Filed against the company
14
Pending
39
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 5 | 37 |
| High courts | 14 | 7 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jodhpur Metro, Rajasthan | Criminal case | Filed by the company against First Impression Prop Hitesh Badala | Pending |
| High Court, Kerala | Arbitration matter | Filed against the company by GVJ Properties Pvt.Ltd., and 1 other | Pending |
| District court, Chennai, Tamil Nadu | Petition | Filed against the company by an individual | Pending |
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed by the company against Sree Siva Raghavendra Traders Rep by Bommakanti Srinivasa Kiran | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Anjanadri Traders | Pending |
To see the full case history of MRF Corp Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for MRF Corp Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MRF Corp Limited has a workforce of 413 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
413
Active EPFO establishments
1
Employee growth
25.91%
GST
MRF Corp has 23 GST registrations: 22 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
23
Active
22
Cancelled / inactive
1
| 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 |
To see the full GST registrations and return filing status of MRF Corp Limited, buy the company report.
Recent activity
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.
AGM
Mrf Corp Limited last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 101132703 was registered on 10 Jul 2025.
Filing
Mrf Corp Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Philip Eapen ceased to be Director.
Ceased
Sally George ceased to be Additional Director.
Appointed
Sally George was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100698714 was registered on 27 Feb 2023.
Ceased
Dilip Madanlal Choksi ceased to be Director.
Ceased
Mathew Thottumkara Oommen ceased to be Director.
Appointed
Koshy Zachariah was appointed as Director.
Appointed
Arun Mammen was appointed as Director.
Appointed
Kandathil Mammen Mammen was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
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 has 4 current directors:
- Koshy Zachariah - Director
- Kandathil Mammen Mammen - Director
- Arun Mammen - Director
- Sally George - Director
The latest financial statements of MRF Corp on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
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 62 court cases on record: 48 filed by the company and 14 filed against it. 39 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 Shalimar Paints Ltd, Sheenlac Paints Limited, KCC Paint (India) Private Limited, Valspar (India) Coatings Corporation Private Limited, Sirca Paints India Limited and 3 more, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
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.
MRF Corp can be reached through the website mrfpaint.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of MRF Corp is at Tarapore Towers 5th Floor 826 Anna Salai, Chennai, Tamil Nadu, India – 600002.