Miracle Reclaim Rubber Coimbatore Pvt (MRRC) Ltd was originally registered in Coimbatore in 19th August 2004 along with sister Company Miracle Polymer India Ltd.
Because of unforeseen reasons, both Companies were forced to relocate and eventually established in kanjikode, Palakkad as one single combined unit in the name and style of MRRC Pvt Ltd , Miracle Polymer India Ltd being one of the shareholder.
The Kanjikode MRRC started commercial production in February 2015 and after first few sluggish months, in 2017-18 breakeven point was reached. The company has already reached 85% capacity utilization and hope to achieve 100% very soon.
The main product of the company is Reclaimed Rubber with an installed capacity of 360 tons per month.
The authorized capital is 6.5 crore and subscribed 6.24 crore.The current number of shareholders is 72. The annual turnover of about 12 crore is expected by 2024 March and the management is striving for steady increase thereafter.
The Company is run by professional management with CMD Sherif Ahmed Cadiri, JMD Mohammed Ishaq Mathari and other experienced directors.
