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SRF operates through four divisions: industrial synthetics, industrial fabrics, fluoro chemicals and polyester film. Though SRF has a presence in varied businesses, it has two core businesses - nylon industrial yarn/ fabric and refrigerant gases. SRF is the market leader in both these segments with a market share of 42% and 40% respectively. The company is also a market leader in the belting fabrics and fish twine markets in India.
SRF, in its foray into the IT sector, has set up two companies - SRF eBiz and SRFInfotel. SRF Infotel has been working on an entry strategy with Price-WaterHouseCoopers to offer remote business process outsourcing solutions in finance and accounts, HR (human resource), payment services, billing services, call centre operations and help desk solutions.
Through SRF Infotel, SRF intends to leverage its business management expertise, process orientation and TQM (total quality management) capabilities. SRF eBiz , on the other hand, has already created a horizontal purchasing portal for the manufacturing sector, called materialonline.com. Tyrecord Fabric, a wholly-owned subsidiary of the company has merged with SRF, and certain businesses have de-merged and vested in SRF Polymers (earlier known as SRF Chemicals). The company has been restructured with the demerger of three smaller businesses - polyester films, engineering plastics and fishnet twines besides creation of SRF Polymers.
Future Plans:
SRF is to invest a sum of Rs 15 crore in information technology (IT) based business in India and abroad. SRF is looking out for acquisitions to fuel growth. The promoters of the Company have been reducing their holdings over the company by about 3 per cent to bring their total stake down to 23.89 per cent on June 30, 2002. Their stake in SRF was 26.43 per cent in June last year.
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