Our Digital Annual Report is designed to be eco-friendly through the implementation of sustainable web design principles. We leverage advanced programming techniques to ensure that our digital presence is both efficient and environmentally conscious.
Eco-designed Annual Report
Aligned with our growth ambitions, we are continuously expanding along with strong focus on bringing efficiencies in our operations. Our strategies and plans of action are guided by our motto – ‘We always find a better way’ – which is reflected in the high-quality products that we deliver to our customers.
This year, SRF Limited proudly commemorates 50 years of manufacturing excellence. Since the inauguration of our first plant in 1974, we have evolved into a manufacturing powerhouse with businesses spanning multiple verticals. Over five decades, our path has been illuminated by innovation. Our golden legacy is not just a reflection of the past but a beacon guiding us towards an even brighter future.
Capex spent
Total manufacturing facilities
Countries we export
new products in chemical business
Utilising the best facilities and top-tier production processes, we consistently produce high-quality, reliable goods. Our extensive selection of products is crafted to deliver diversity, sustainability, and added value for our customers.
We manufacture Organic and Inorganic intermediates that find application in Material Sciences, Surface Chemistry, products and intermediates for the agrochemical and pharma sector. Our dedicated manufacturing facilities have the capabilities to manufacture products up to 250 MT and 3,000 MTPA for agrochemical and pharma sector respectively.
We are the producers of refrigerant gases (R22, HFC blends), Chloromethanes, Intermediates for Specialty Chemicals, Hydrofluoric Acid, and PTFEs. Our plants in Dahej, Gujarat and Bhiwadi, Rajasthan are well equipped to handle the growing demands of these products.
We are the producers of refrigerant gases (R22, HFC blends), Chloromethanes, Intermediates for Specialty Chemicals, Hydrofluoric Acid, and PTFEs. Our plants in Dahej, Gujarat and Bhiwadi, Rajasthan are well equipped to handle the growing demands of these products.
Our manufacturing process includes production of industrial chemicals such as Methylene, Dichloride, Carbon Tetra Chloride and Chloroform etc. We have ventured into Fluoropolymer space by commissioning of PTFE plant under the brand “Flonio” and we are also in the process of setting up of three new fluoropolymers facilities.
The Packaging Films Business has grown from strength-to-strength since its inception. Our first BOPET line and BOPP line were commissioned in 1995 and 2013 respectively. Today, our Packaging Films business is equipped with seven state-of-the-art BOPET and resin lines and four BOPP lines. Our manufacturing operations consists of BOPET and BOPP production with value-add facilities of Coating, Metallisation and Surface Modification.
Our suppliers
Our operations Manufacturing of
Process value additions such as Coating, Metallisation and Surface Modification
Our customers
Our products hold a critical position in our customer’s supply chain.
During the year, we added an aluminium foil production facility in Jetapur, Madhya Pradesh under one of our subsidiaries. The facility which is one of the best-in-class and is good manufacturing practice (GMP) compliant, can produce approx. 20,000 MTPA of rolled aluminium foil. Additionally, we are also in the process of commissioning of Capacitor Grade BOPP Film to the existing portfolio in line with the strategy of growing in adjacencies.
SRF is one of the largest manufacturers of a spectrum of standard and specialty Bi-axially Oriented Polyethylene Terephthalate (BOPET) and Bi-axially Oriented Polypropylene (BOPP) films, sold under the PETLARTM and OPLARTM brand names respectively.
We are India’s largest manufacturer of technical textiles and also global leader for most of the products manufactured by this business. Our four manufacturing plants in Madhya Pradesh (1) and Tamil Nadu (3) are capable of producing Nylon-6 Tyre Cord Fabrics, Chips, Industrial Yarn, Polyester Tyre Cord Fabric. Our plants have Japanese technology to ensure the best quality for our customers.
Our business has deep expertise in manufacturing of tyre cord fabrics, offering comprehensive solutions ranging from polymerisation to fabric dipping by utilising advanced technologies.
Our Gummidipoondi plant in Tamil Nadu is equipped with world-class facilities for manufacturing yarn, weaving, coating, printing and lacquering, it is fully integrated to manufacture coated fabrics with PVC formulation. Our solutions include wide range of fabrics from 350 gsm to 1500 gsm and coating thickness from 0.3 mm to 1.5 mm in more than 100 shades.
Our manufacturing facility in Kashipur, Uttarakhand has a monthly capacity to produce 75 lakh sqm of cold laminated front lit, cold laminated back lit and hot laminated protective covers. Our manufacturing process is equipped with a state-of-the-art fabrication machine with automatic heat sealing facilities to produce tarpaulins.
“SRF management approach is deep-rooted in the principles and techniques of Total Quality Management (TQM). This system centres around three key objectives: satisfying the needs of customers and stakeholders both now and in the future, utilising systematic and scientific methodologies, and engaging every employee in continuous improvement efforts. TQM practices extend across the entire value chain, from product conceptualisation to sales and enabling functions. By doing so, we optimise strategic decisions and deliver superior outcomes in terms of Quality, Cost, Delivery, Safety, and Morale (QCDSM) for our stakeholders.”
In FY24, our company continued to enhance its flagship Problem Solving capability-building programmes with more of our workforce getting certified at the Basic Blue Level.
new certifications at the Basic Blue level in FY24
Additionally, the advanced PSP Silver program saw increased utilisation of data analytics and machine learning tools, leading to new product developments, customer approvals, and significant cost structure improvements across various business lines.
Our expansion efforts, including the establishment of greenfield projects and expansions, incorporated upstream methods such as FMEA (Failure Mode and Effects Analysis) and project management tools. These measures aimed to reduce potential failures, mitigate risks, and facilitate near-vertical ramp-ups. In all our newer ventures, we prioritised quality assurance methods to ensure product and process excellence right from the outset.
Furthermore, our commitment to continuous improvement has been reinforced through renewed programmes and campaigns. Notably, we expanded the TIE groups (autonomous improvement groups led by workmen) to over 250 in our growing Chemicals businesses. This year more than 5,000 kaizens were implemented within the Chemicals division. This stand as a testament to the depth of improvement and the satisfaction of working at SRF.
TIE groups for process improvements
As we embrace digital transformation, our Total Quality Management (TQM) practices evolve to meet the evolving needs of SRF, incorporating online courses and data-driven decision-making processes.
More than
kaizens implemented
At SRF, our endeavours are focussed on the efficient utilisation of resources, with a particular emphasis on the responsible procurement of raw materials. We are steadfast in our commitment to elevate the incorporation of recycled inputs within our production routines by continuously reengineering our products and spearheading innovation. This strategy not only mitigates our ecological footprint but also curtails the generation of waste at its origin, by advocating for the recycling and repurposing of materials used in our manufacturing processes.
Major raw material used in Chemicals Business (in 000’ MT)
Major raw material used in Packaging Films Business (in 000’ MT)
Major raw material used in Technical Textiles Business (in 000’ MT)
Major raw material used in Coated Fabrics (in 000’ MT)
Major raw material used in Laminated Business (in 000’ MT)
Shri Ram Fibres diversified beyond technical textiles and entered the chemicals business to manufacture refrigerants. Consequently, Shri Ram Fibres was renamed SRF Limited to better represent its strong, independent, industry-leading businesses.
