Modi Rubber Limited
 
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Modi Rubber Limited (MRL), was incorporated in 1971 to manufacture automotive Tyres & Tubes.  The Plants of MRL were located at Meerut,  Partapur (Distt. Meerut) and Modinagar (District Ghaziabad) all situated in the State of Uttar Pradesh. The Tyres were manufactured in technical collaboration with Continental A.G. of Germany.MRL was one of the Leader of TBS Tyre Segment till 2001 when operations of the plants were shut due to illegal strike by the workers.  Operation in Meerut Plants were commenced in June 2009 after Rehabilitation Scheme sanctioned by the BIFR in April 2008, through its 100% subsidiary namely Modi Tyre Company Pvt. Ltd, (MTCPL).  In 2011 due to business exigencies and losses in MTCPL all shares of MTCPL were sold out to Continental Holdings Netherlands. Thereafter MTCPL became subsidiary of Continental Netherland.  Operation at Modinagar Plant continues to be suspended as Seal put in by the Official Liquidator has still not deseal.MRL promoted several other Companies for undertaking for manufacture for Float Glass, Resin Coated Sand and Hair Salon & Academy as Joint Venture with Foreign Partners in India and business activities through its 100% subsidiaries.

 
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