K m mammen biography of rory gilmore wife
KM Mammen Mappillai passed away in , leaving behind the successful conglomerate that today boasts of second strongest tyre brand in the world. MRF Scrip grew over 1 percent to hit its all-time high of Rs 1 lakh per share. Intra-day, the shares rose further by 1. However, the feat was not gained in one day. In today's success story, we shall know about Mammen Mappillai, the man behind the Indian multinational tyre manufacturing company Madras Rubber Factory, commonly known as MRF, who beat all the odds to build a Rs 23, crores empire.
Mammen Mapillai's father was the owner of a newspaper and a bank.
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However nothing was left for the family when his father was put in jail for two years by the princely kingdom of Travancore as all of their possessions were seized. After his father's detention, KM had to sleep on the floorboards of St. Thomas' Hall in college. The "tread rubber," that MRF produced, could prolong the life of a used tyre, became an instant hit in the country.
Very soon, MRF became the only Indian-owned company producing this type of tread rubber, putting them in competition with multinational companies operating in India. In , his tyre factory was inaugurated by the then Prime Minister — Pandit Nehru and the comany also launched its IPO and debuted in the Indian stock markets in the same year.