1995

Acquired the Tyre Cord division of CEAT Ltd.

SRF acquired the nylon tyre cord division of CEAT Ltd. Located at Malanpur, near Gwalior, the cost of the acquisition was INR 325 crore. Back in the day, it was the biggest acquisition in India Inc’s history. With this acquisition, SRF also became the largest tyre cord company in India and the second largest globally and has since maintained its position.