Intellectual Capital
We aim to progressively enhance strategic excellence and enrich customer experience through strategic investments in research and development, innovation and technological advancement.
Material Issues Impacted
Employment
Inputs
- 400+ employees in the Chemical Technology Group (CTG)
- 361 patents filed till date
- 57 molecules developed
- ₹117 Cr. R&D spend
- 4 state-of-the-art R&D facilities
Outputs
- 21 patents granted in current reporting period
- Total patents granted till date – 114
- Commercialisation of new products
SRF believes that research and development (R&D) is a key driver for achieving growth by any organisation. Our R&D investments and programs are directed towards the evolving market and climate change requirements.
SRF’s Aspirations 2030 emphasises the Company’s commitment to innovation. A qualified in-house R&D team specialises on developing new technologies, resulting in world-class product development centres with cutting-edge in-process and product testing facilities, as well as analysis and product development technologies. We also collaborate with prestigious research institutes to leverage technical expertise in identified areas, and we collaborate with customers to identify evolving needs for further product and service development, allowing us to stay on top of new innovations and evolving skill sets to develop new products and processes.
R&D activities have set up four dedicated R&D centres located across Tamil Nadu, Rajasthan, Haryana and Madhya Pradesh.
Chemicals Business
- The Chemicals Technology Group (CTG) at SRF is actively engaged in the development of new products and process technologies for our Specialty Chemicals and Fluorochemicals businesses
- The CTG employs more than 400 research minds to develop innovative green chemistries, achieve process improvements and demonstrate viability of new chemistries for the future
- Our exemplary team of scientists and engineers, who come from prestigious institutions, work on R&D projects to improve the quality of products and enhance efficiency processes and operations
Packaging Films Business
- Packaging Films Business strives to create efficient, differentiated, safer and sustainable packaging solutions
- Our technology-driven credentials, globally harmonised quality systems and in-house resin manufacturing, allows upstream modifications and helps us improve continuously
- This R&D centre is fully equipped with a pilot polymerisation plant, pilot printing, lamination and coating machine and other state-of-the-art equipment to simulate customer processes on pilot scale, offering a key advantage to reduce concept-to-market cycle times
Technical Textiles Business
- The R&D facility for Technical Textiles Business includes pilot facilities for polymerisation, spinning, twisting, and dipping, enabling ideation and development of new products and also raising internal technical capabilities for current products.
Accelerating Digital Transformation
SRF has worked diligently to achieve operational excellence by focusing on resource optimisation and producing high-quality, long-lasting products through the incorporation of digitisation into its core business strategy and across its value chain.
The Company has invested in futuristic and scalable digital platforms to initiate enterprise transformation through process digitisation and digital workflows, analytics, automation, and cloud product suites. This has helped in accelerating strategic decision-making and modernising the Company’s IT landscape. This has also been pivotal in mobilising a digitally empowered workforce and have a competitive edge in the evolving business market, thereby creating value for its customers.
Key Focus Areas
SRF supply chain efficiency focuses on three critical areas as part of the operational excellence efforts, asset optimisation and sales and marketing effectiveness as listed below:
Salesforce Automation
SRF plans to implement Customer Relationship Management (CRM) across all manual sales management processes to achieve complete digitalisation. This initiative has already been implemented in Technical Textiles Business and the plan is to scale it to other businesses in the future.
Digitalisation of Supply Chain
SRF plans to digitalise its entire value chain by increased supplier interactions through a supplier information and engagement portal.
ERP Upgradation
To increase the operational effectiveness, the current ERP system is being updated with the introduction of new modules. For instance, SRF is in the process of building an Enterprise Command Centre on the current ERP system. This will monitor data and information in real-time, ensuring optimisation and efficiency in operations.
