MATANGI RUBBER- Amalgamation of Strength & Resilience

By BWA Envoy
June 16, 2022
2 Minutes Read

Established in 2004, Matangi Rubber (www.matangirubber.com) has marked a consistent growth in the rubber industry. While the reigns of operations have passed on to the second generation, the core business values have remained uniform. The primary products of Matangi are tyre flaps and butyl tubes, manufactured from natural rubber. Its customers include leading brands in the Indian automotive industry, such as JK Tyres and Birla Tyres.

The company has strategically placed manufacturing locations in India. Their plants at Dehradun, Chennai and Gwalior have laboratories, testing facilities, product development and manufacturing operations. It also has a modern in-house mixing facility for outsourced compound mixing.

The company’s butyl tube production, which is ISO 9001:2008 certified, is done in Gwalior. This location also services the in-house brands, Maxstone & Rockstone. Specializing in bias and radial tyre flaps, the Dehradun plant is ISO/TS 16949:2009 certified and recently increased its output capacity by 50,000 tyre flaps/month.

In FY 2021, Matangi reported a solid net worth of around ₹ 2801.34 lakhs. With the adoption of lean pricing models, the company reported an operating profit margin of 9.55% in 2021, improving from 7.25% in 2020. Factors such as intense competition, relatively slower revenue growth and a handful of top customers driving the volume are always a concern in this sector. However, Matangi Rubber is guided by highly competent veterans who have an in-depth understanding of the rubber industry. This expertise combined with a qualified workforce of more than 200, has resulted in products of unparalleled quality and durability, which has ensured high customer satisfaction.