Latest news with #Mammen
India.com
22-05-2025
- Business
- India.com
Meet man, who spent nights on floor, has no business, then built Rs 600000000000 company, special connection to Virat Kohli
K. M. Mammen Mappillai faced many challenges in life. His family was doing a business but it couldn't sustain for a longer time. When the family incurred losses in business they didn't have a place to stay. He spent nights on the floor of his college in Madras (now Chennai). After several difficulties, he continued his education. After completing his studies, Mammen started his business on a small scale. He sold toy balloons on the streets of Madras. This simple start helped him to learn business tactics. During this time he was also working on smaller jobs. In 1946, Mammen established the Madras Rubber Factory (MRF). It was initially a small unit of manufacturing toy balloons. The money he earned from selling balloons he invested it in his new business. By 1952, Mammen found a new business idea of retreading old tires. He worked on this business which later became profitable. After this MRF entered into the tire industry. By 1961, MRF was operating in over 50% of the country's tire retreading market. The company launched its first tire factory, which was inaugurated by then-Prime Minister Jawaharlal Nehru. MRF's became a household name in India as business expanded. In 1992, KM Mammen Mappillai received the Padma Shri award for his contribution to Indian industry. MRF also has its association with cricket. They collaborated with cricketer Virat Kohli which helped MRF Tires which gave them popularity. KM Mammen Mappillai passed away in 2003, but his company still contributes to the industry. Now MRF is the largest tire manufacturer in India. Their market capitalization of Rs 59,478 crore.
India.com
19-05-2025
- Automotive
- India.com
Once sold balloons on streets of India, later built business empire worth Rs 59,334 crore, Virat Kohli and Sachin Tendulkar were his...., he was...
Inspirational journey of KM Mammen Mappillai: This is a story of a boy who was born into a Syrian Christian family in India and used to sell balloons on streets. After his family faced significant financial distress after their assets were seized, the boy decided to take the responsibility to himself. We are talking about KM Mammen Mappillai, the founding father of MRF and what special connection MRF has with Virat Kohli and Sachin Tendulkar. Who is KM Mammen Mappillai? KM Mammen Mappillai founded MRF in Madras in the year 1946 when he started a small toy balloon manufacturing unit. However, with years of hard work and passion, he transformed MRF into a global brand. How MRF was founded! Mammen's actual success journey started in the year 1952 when he identified an opportunity in tyre retreading. For those unversed, tyre retreading is a process where the tread area of used tyres is refurbished, which led to a significant change in the entrepreneurial journey of Mammen. Taking inspiration from the concept, Mammen invested his earnings from the balloon business into manufacturing tread rubber, which ultimately made MRF the first Indian company to manufacture tread rubber. Biggest milestone in life of Mammen The biggest milestone in the life of Mammen and MRF came when MRF's first tyre factory was inaugurated by then Prime Minister Pandit Jawaharlal Nehru. As a result of the immense success that the company was showing, MRF launched its IPO, entering the Indian stock market with a boom. As years passed by, MRF became a symbol of success and today, it is India's largest tyre manufacturer with a market capitalization of Rs 55,417 crore. Additionally, MRF also has a long-standing association with cricket. Earlier, Indian cricketer, Sachin Tendulkar, often called the 'God of Cricket' was its brand ambassador and as of today, former Indian captain Virat Kohli is its current brand ambassador.
Yahoo
15-04-2025
- Climate
- Yahoo
Big Eddy Road residents working together to help rebuild their community
FRANKFORT, Ky. (FOX 56) — Many in Frankfort are still rebuilding after homes and businesses were destroyed by the most recent flooding. 'This has been the most catastrophic one that I have seen since I lived here,' said Frankfort resident Rigel Ramsey. Big Eddy Road residents working together to help rebuild their community Frankfort Independent Schools return after flooding extends spring break Kentucky's tax deadline extended due to disaster declaration Homes on Big Eddy Road in Frankfort will never be the same following the most recent flooding. 'It just got to the point where there was no hope,' said resident Heather Mammen. 'It was horrible because we knew that we were going under.' In just 48 hours, floodwater rose to nearly 10 feet in Mammen's home. 'To see your home just being taken over with water is really tough,' Mammen added. Study: Kentucky is the toughest state to own an EV in Study: It costs over $200K to raise a child over 18 years in Kentucky These Kentucky small towns make USA Today's '10 Best' While she is working to clean up the damage to her home, her organization's GLOW Project and GlowNGrow Cleaning Services joined together to help those in the community. 'We've helped 4 or 5 homes. We've got two crews out today who are working with our neighbors and friends here in Frankfort,' she said. Mammen started the GLOW Project after her daughter, Elaina Mammen, was shot and killed in 2022. 'She led her life with love and light, and I think she got that pretty honestly from her mama, but also because of who she is,' said Mammen. 'When you help others, it takes the focus off of your own pain. You can't have darkness and light in the same space. And when you're helping others, you don't have time to think about all your own struggles as much.' Mammen and other volunteers have been working together to rebuild from the damage. It's something neighbors like Carol Olson-Smith, whose home was also filled with 10 feet of water, are grateful for. Latest central Kentucky weather forecast 'I think we can just say to each other, 'It's going to be a good day, even though so many people on this road are experiencing much worse than I am. I recognize that immediately, and I can't imagine what some of my neighbors are going through,' said Olson-Smith. 'Other people feed me when I'm weak. Their prayers, text messages, and support when I'm at my lowest—that's what helps bring me up,' Mammen added. 'And that's what encourages me to give to others because I know that I'm going to help them too.' Mammen's twin sister, Ruthie Clayton, has also been helping Olson-Smith. 'I used to work with her at the hospital here in town, and her house flooded just up to the main level and the whole bottom level, so she's got contractors out here already working,' said Clayton. 'She's packing her things to move to Louisville for about 3 or 4 months.' Mammen said she expects the recovery process for her community to take 2 to 6 months. Great Crossing wins Sweet 16 boys state championship Great Crossing and Montgomery County are final four bound Great Crossing, Montgomery County, North Laurel all win Sweet 16 first round games You can donate to the organization's Venmo @GLOW-Project or contact Mammen at (859)-420-5653. If you'd like to volunteer, you can join the GLOW Project or visit their website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
