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Eco-designed Annual Report
SRF recognises Research and Development (R&D) as an engine for future growth. We strategically channelise our R&D efforts to align with market demands and customer needs, positioning ourselves at the forefront of innovation and customercentric solutions. We empower our teams across our R&D centres in Bhiwadi and Gurugram to innovate and translate the outcomes into tangible breakthroughs thus positioning us strategically in the market.
Innovation, Research & Development
Total Quality Management
Employment
Patents applied during the year
R&D spent
R&D workforce
Patents granted in FY24
Total patents granted up to FY24
Our R&D initiatives frequently encompass partnerships with our clients to co-develop products and processes. Such collaborative ventures have consistently resulted in success for tailor made products, fostering a culture of cooperation and a strong collaborative bond between our Company and our Customers.
The Chemicals Technology Group (CTG) at SRF is at the forefront of pioneering new product and process technologies for our Fluorochemicals and Specialty Chemical businesses. The team’s key focus is on innovating intermediates that cater to the huge demands of Active Ingredients (AI) and Non-Active Ingredients for the agrochemical and pharmaceutical sectors, as well as developing advanced refrigerants for future applications. CTG’s rigorous approach to IP creation has resulted in four hundred and forty-three patent applications filed to date.
By harnessing the collective expertise of more than 450+ dedicated professionals stationed across various sites and specialised engineering centres, the CTG is determined in its mission to elevate SRF’s process development proficiency. The team is committed to mastering the art of scaling up and seamless commercialisation of new products, further establishing SRF’s position as industry leader. SRF continues to invest in R&D to create propositions for the future and Revenue expenditures of ₹ 146.41 crore was spent during FY24
SRF has a dedicated R&D facility at its Technical Textiles Business manufacturing site in Manali, near Chennai, India. It houses world-class infrastructure and a pilot facility for polymerisation, spinning, twisting, and dipping for new products and process development.
At the Indore SEZ facility, our state-of-the-art R&D facility is comprehensively outfitted with cutting-edge technologies such as a pilot polymerisation plant, and pilot-scale printing, lamination, and coating machines. It also features advanced analytical tools like GC-MS/ MS, GPC, and more, enabling us to replicate and refine customer processes at pilot scale efficiently. This strategic setup is instrumental in significantly reducing the duration from initial concept to market deployment.
Our R&D team along with business development teams often collaborate with our customers for joint product and process development. These have proven to be successful models for customer-driven product development, further enhancing a spirit of collaboration and partnership between us and our customers. We continue to collaborate with agrochemical innovators for innovations directed towards the farm sector. Additionally, we are also collaborating with innovators to introduce more complex downstream products.
We take pride in our profound expertise in chemistry. It serves as a base for our innovative solutions and product development. Our team of highly skilled professionals brings extensive knowledge and experience across various chemical disciplines. This deep understanding allows us to tackle complex challenges and develop innovative solutions.
Our expertise in chemistry is reflected in our robust portfolio of patents and successful commercialisation of products over the years.
Our team has developed “467A” which is an ideal retrofit for R22 which has a high greenhouse warming potential. 467A is the First refrigerant ever in India to receive certificate from ASHRAE
Coated Fabrics Business was set up in 1986. The business offers a diverse range of products for several applications in varied segments such as architecture, lifestyle, sports, advertising, defence, mines, food & agriculture, automobile, and transportation.
The seamless operation of the Company is dependent on the assurance that its information systems and corresponding data are safeguarded with a high degree of security and confidentiality. At SRF, we have a well-defined cyber risk management policy and has implemented various systems to protect from cyber attacks. Based on the cyber security policy, we have established processes and controls to mitigate any kind of cybersecurity risk. The processes and controls consist of secure data centres, use of secure VPN, encryption of Intellectual property with IRM solutions to protect against data exfiltration etc. We give regular awareness sessions to ensure they are fully aware against any cyber security threat.
Refer Principle 9 of BRSR for strategies to mitigate cyber security risks
To propel enterprise transformation, the Company has invested in cutting-edge and scalable digital platforms that emphasise process digitisation, digital workflows, analytics, automation, mobile apps and cloud product suites. Consequently, strategic decision-making has been expedited, and the Company’s IT landscape is based on the latest technology.
SRF started its journey in Fluorochemicals in 1989, manufacturing refrigerants at our facility in Bhiwadi, Rajasthan, India.
SRF’s Fluorochemicals Business holds the status of being a refrigerant supplier of choice with pride, serving customers in more than sixty countries worldwide.
