Producer
SRF Limited
India's largest refrigerant manufacturer (NSE: SRF); produces HFC 32, HFC 125, HFC 134a under the FLORON® brand at Bhiwadi (Rajasthan) and Dahej (Gujarat) plants. First Indian company to indigenously develop HFC 134a and HFC 32 manufacturing technology. Developing pilot plant for HFO-1234yf using indigenous technology — potentially breaking Honeywell/Chemours HFO patent duopoly. Growing supplier to Indian domestic HVAC market which is one of the world's fastest-growing air conditioning markets.
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Refrigerant & Fluorochemicals (FLORON)
30%Technical Textiles
35%Packaging Films
20%Specialty Chemicals
15%
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Did you know2023
SRF Limited produces tire cord fabric for the automotive tire industry AND FLORON refrigerants for the HVAC market AND specialty fluorochemicals for the pharmaceutical and agrochemical industries -- from the same Indian conglomerate. The automobile industry (through tires), the building climate control industry (through HVAC refrigerants), and the pharmaceutical and agriculture supply chains (through fluorinated chemical intermediates) share SRF Limited as a common materials supplier. India's fastest-growing air conditioning market (projected to add 200 million units by 2040) and India's tire manufacturing expansion (serving domestic and export markets) both depend on SRF's operational continuity. A disruption at SRF's Rajasthan or Gujarat facilities would simultaneously affect Indian tire production, Indian HVAC refrigerant supply, and pharmaceutical fluorochemical synthesis -- three markets with no shared procurement monitoring.
SRF Limited ↗Origin2023
SRF Limited was founded in 1970 in New Delhi, initially as a producer of tire cord fabric -- the nylon and polyester reinforcement fabric that gives tires their structural integrity. SRF stands for Shriram Fertilizers & Chemicals, though it no longer makes fertilizers; the company diversified from textiles into packaging films and specialty chemicals over the following decades. The FLORON refrigerant brand was launched after SRF developed indigenous HFC manufacturing technology -- the only Indian company to independently develop HFC-32 and HFC-134a production processes, rather than licensing Western or Japanese technology. SRF's Dahej, Gujarat facility (near one of India's largest chemical port complexes) produces refrigerants alongside its packaging film operations. The same company that makes tire cord for Ceat and MRF tires is developing indigenous HFO-1234yf refrigerant technology to challenge Honeywell and Chemours' patent duopoly -- a 1970 New Delhi textile company taking on global chemical IP oligopolies.
SRF Limited ↗