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Download icon for Annual Report 2023-24 Download
Report

Chairman’s Message

Dear Shareholders, On behalf of the Board of Directors of SRF Limited, I am pleased to present the annual report for the financial year ended March 31, 2025.
Ashish Bharat Ram

Chairman and Managing Director SRF Limited

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About the ESG report

The ESG section in the Annual Report provides a comprehensive overview of our sustainability efforts, reflecting our dedication to generating long-term value for our stakeholders.
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ESG Performance for FY25

31% of electricity from renewable sources

More than 5% reduction in Scope II emissions from previous year

16%reduction in wastewater discharge from previous year

23% increase in water recycled from previous year

11 ZLD facilities

151 patents granted till dates

467 lakhs+ CSR beneficiaries

1.93 lakhs+ training hours

31% increase in permanent female workforce from previous year

With our manufacturing presence in India, Thailand, South Africa, and Hungary, we serve customers in over 100 countries globally.

SRF’s employee with chemical in her hand
Financial Capital

Our approach to long-term growth is built on a strategic balance of debt and equity. We consider financial capital a foundational element of our business.

Key Highlights

₹ 14,419.41 Cr.

of Capital Employed

0.37

Debt Equity Ratio

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Intellectual Capital

We recognise the vital role of Research and Development (R&D) in driving progress and securing our future. We are dedicated to investing in R&D to develop cutting-edge solutions and create lasting value.

Key Highlights

₹ 154.27 Cr.

of R&D spends

500+

strong R&D workforce

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Manufactured Capital

We are committed to operational excellence and steady expansion as we pursue our growth objectives.

Key Highlights

₹ 1,095.68 Cr.

of Capital Expenditure

20

new products added during the year

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Social & Relationship Capital

Driven by our commitment to creating lasting social value, we established the SRF Foundation in 1982 as the dedicated CSR arm of SRF Limited.

Key Highlights

₹ 25.99 Cr.

spent on CSR projects

4.67 lakhs+

beneficiaries

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Human Capital

We consider our people to be our greatest strength and are dedicated to creating a workplace that is inclusive, healthy, safe, and supportive of personal and professional growth.

Key Highlights

₹ 1.93 lakhs +

training hours of workforce

31%

increase in the representation of women in our permanent workforce

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SRF’s employee with chemical in her hand
Natural Capital

At SRF, our dedication lies in minimising our environmental footprint via the implementation of sustainable practices throughout all operational areas.

Key Highlights

Utilised 1,667 TJ

of green energy

32%

reduction of freshwater withdrawal in Y25 as compared to previous year.

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SRF’s employee with chemical in her hand

Awards and Accolades: Celebrating Excellence

  • Chairman Emeritus Mr Arun Bharat Ram was bestowed with the ‘Outstanding Contribution to Education and Skill Development’ recognition by HURUN INDIA at the Hurun India Philanthropy Awards 2024 on May 9, 2024, in Mumbai, India
  • SRF has been chosen by Frost & Sullivan Institute as the recipient of the 2024 Enlightened Growth Leadership Best Practices Recognition
  • SRF has won the Gold Award for pioneering risk mitigation strategies at the ET NOW Supply Chain Management & Logistic Awards 2024
  • At the 6th India Procurement Leadership Forum and Awards 2024, SRF received recognition from the Institute of Supply Chain Management (ISCM) in three categories:
    • India Procurement Champion 2024
    • Best Approach to Managing Global Risk in Procurement
    • Best End-to-End Alignment of Procurement with Supply Chain
  • SRF’s Technical Textiles Business facility in Malanpur, India becomes the first Indian Polyamide manufacturer to be awarded the ISCC PLUS (International Sustainability & Carbon Certification)
  • SRF received the DEI Power Award for Excellence in Women Inclusion at the 2024 Global Inclusion Summit & Awards
  • SRF campaign #InHerShoes, has been awarded:
    • Gold Stevie in the category of Communications or PR Campaign of the Year - Low Budget
    • Silver Stevie in the category of Communications or PR Campaign of the Year - social media focussed
  • SRF Limited Annual Report for FY24 has received outstanding recognition in the LACP’s (League of American Communications Professionals) Global Communications Competition, the 2024 Spotlight Awards. The highlights of our achievement:
    • Gold Award within its Competition Class
    • Worldwide Top 100 Ranking: 39
  • SRF Ltd. (Performance Films & Foil Business facility in Indore, SEZ) has been named one of the Top 25 leading industries for waste minimisation and management at the CII 4R Awards 2024
  • SRF Industries (Thailand) Ltd. has been honoured with the prestigious Industrial Estate Authority of Thailand (IEAT) Green Star Award
  • SRF has been recognised in the 2024 Burgundy Private Hurun India 500 List
  • SRF has been recognised as the champion of innovation in chemicals & materials science at the DET Hurun India Manufacturing Excellence Awards 2025
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