Funskool - wikipedia Funskool Funskool ( India ) Ltd. Type Joint venture Industry Toys Entertainment Founded Madras, Tamil Nadu, India ( 1987 ; 31 years ago ( 1987 ) ) Headquarters Tarapore Towers, 6th Floor, 826, Anna Salai, Chennai, Tamil Nadu, India Number of locations 13 ( April 2016 ) Area served Worldwide Key people K. John Baby ( CEO ) Revenue ₹ 220 crore ( US $32 million ) ( 2017 ) Owners MRF Ltd. ( 60 % ) Hasbro, Inc. ( 40 % ) Website www.funskoolindia.com Funskool ( India ) Ltd. is an Indian toy manufacturing company founded in 1987 with headquarters in Chennai, Tamil Nadu. Apart from its own brands, the company also manufactures and distributes products in the Indian market under license from foreign toy brands including Hasbro, Lego, Disney, Warner Bros., Takara Tomy, and Ravensburger. History Funskool was established in 1987 as a joint venture by MRF Ltd. and American toy manufacturer Hasbro, Inc. The company began commercial operations the following year. Funskool manufactures all its products ( including licensed products ) at manufacturing facilities in Ranipet, near Chennai, and in Goa. The company 's main competitors in the Indian market are Mattel and FisherPrice. In 2014, Funskool surpassed Mattel to become the market leader in the mid to premium range of the Indian toy market. Funskool has published the Monopoly board game in India since 1987. The company released Monopoly : India Edition in 2008, with spaces on the board named after Indian cities and railway stations. Funskool products are currently exported to Africa, Bangladesh, Bhutan, Maldives, Nepal, Sri Lanka, Turkey and the United Kingdom. The company has plans to expand to the United States. Stores Funskool opened a Lego store in Chennai in 2013. Following the success of the venture, the company opened the first Funskool store in Coimbatore in March 2014. By September 2015, the company had opened one store each in eight cities across the country. Most Funskool stores are operated by franchisees. As of April 2017, there are 20 Funskool stores nationwide. References ^ Jump up to : `` Funskool goes in search of larger shelf space ''. Retrieved 2016 - 04 - 14. ^ Jump up to : Law, Abhishek. `` Funskool keen to enter tier - II cities ''. The Hindu Business Line. Retrieved 2016 - 04 - 14. Jump up ^ Menon, Bindu D. `` Funskool to go beyond metros ; bet on private brands ''. The Hindu Business Line. Retrieved 2016 - 04 - 14. ^ Jump up to : `` Funskool raises its game ''. Retrieved 2016 - 04 - 14. Jump up ^ `` Funskool to play with own brands ''. Deccan Herald. Retrieved 2016 - 04 - 14. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Funskool&oldid=854641050 '' Categories : Toy companies of India Toy brands Indian brands Indian companies established in 1987 Game manufacturers Companies based in Chennai Hidden categories : Pages using infobox company with unsupported parameters All articles with unsourced statements Articles with unsourced statements from June 2018 Talk About Wikipedia Add links This page was last edited on 12 August 2018, at 20 : 22 ( UTC ). Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: the popular toy manufacturing company funskool is a subsidiary of
Answer: MRF Ltd.